3 Things I Wish I Knew Before I Started Investing in Real Estate

I like to think I’m a pretty seasoned real estate investor, but that wasn’t always the case. Like most, I’ve learned quite a few lessons along the way. Here are three things in particular I wish I’d known before buying my first investment property so you hopefully can avoid them before you get started.

1. Don’t underestimate how much money you’ll need

One mistake I made before buying my first investment property was not leaving enough cash in the bank to deal with unforeseen expenses. My lender required a 20% down payment and six months’ worth of mortgage payments in reserve. But that was by no means enough.

For one thing, the property needed some significant repairs shortly after closing (which I knew about). These ate up most of the reserves right away. Then one of the units took longer than expected to rent out, and the business account I

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Edan Vidoser Shares Tips on Real Estate Investing

Press release content from NewMediaWire. The AP news staff was not involved in its creation.

Seattle, WA – ( NewMediaWire ) – October 13, 2020 – It is critical for everyone to find ways to diversify their investments because this is a great way to not only augment returns but also reduce risk. While many people think about stocks, bonds, and mutual funds, it is also a great idea to think about real estate. Edan Vidoser is a financial professional with a tremendous amount of experience in the world of real estate. In this manner, it is a good idea for everyone to listen to what professionals such as Edan Vidoser have to say. This could lead to a significant financial payoff down the road.

Edan Vidoser Discusses the Importance of Understanding the Local Real Estate Market

Edan Vidoser and other professionals have stated that the

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Your Daily Digest for Real Estate Investing, 10/13/2020

Mortgage woes mount, politics and CRE, Welltower departure rattles, three REITs that could roll, and a commission lawsuit that could roil.

In Today’s News

Late-Stage Delinquencies Spike to Highest Levels Since 1999

CoreLogic (NYSE: CLGX) reported today that despite acceleration in home purchase demand, America’s serious delinquency rate continues to climb, with employment woes much to blame for 120-day delinquencies hitting a 21-year high.

Why it matters: Three months behind on a house payment is on the path to foreclosure unless something turns around, and that may not be the job market for millions of Americans this far behind or potentially on the way there.

What a Democratic Sweep Might Mean for CRE

Read this GlobeSt.com piece for their whole story, but here’s a news nugget: Historically, CRE has performed well under both Democratic and Republican administrations, with average annual returns of 10.3% and 8.1%, respectively, since 1978.

Why it

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It’s the Best, and Worst, of Times for Business in Florida, Survey Finds | Investing News

Reuters

FILE PHOTO: An empty street is seen in Little Havana, Miami, after local authorities restricted the activities of restaurants, bars, gyms, movie theaters and other similar businesses for precaution due to coronavirus disease (COVID-19) spread, in Miami, Florida U.S., March 23, 2020. REUTERS/Carlos Barria/File PhotoReuters

(Reuters) – Florida is one of the five best states in the nation in which to do business, according to a new survey. It’s also one of the five worst, according to the same survey, thanks to COVID-19.

Every three years, Development Counsellors International, an economic development marketing firm, surveys executives to rank business climates in the various U.S. states. For the first time since they began doing the survey in 1996, a single state landed in the top five in both categories: Florida. The DCI report was released on Tuesday.

“The rationale for Florida being on both the best and worst lists was

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Used Vehicles Lift U.S. Consumer Prices, but Inflation Slowing | Investing News

WASHINGTON (Reuters) – U.S. consumer prices increased for a fourth straight month in September, with the cost of cars and trucks rising by the most since 1969, though inflation is slowing amid labor market slack as the economy gradually recovers from the COVID-19 recession.

While the benign report from the Labor Department on Tuesday will have no direct impact on monetary policy, it should allow the Federal Reserve to keep interest rates near zero for a while and continue with massive cash infusions as it nurses the economy back to health.

The U.S. central bank is now more concerned about the labor market and has embraced flexible average inflation targeting, which in theory could see policymakers tolerate price increases above its 2% target for a period of perhaps several years to offset years in which inflation was lodged below its goal.

At least 25.5 million people are on unemployment benefits.

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Oil Prices Steady Amid Return of Supply, While COVID-19 Lockdowns Tighten | Investing News

MELBOURNE (Reuters) – Oil prices were steady in early trade on Tuesday, sitting on losses of nearly 3% from the previous session after supplies began to resume in Norway and the U.S. Gulf of Mexico and Libya resumed production at its largest oilfield.

The return of supply comes as resurgent COVID-19 infections in the U.S. Midwest and Europe raise worries about fuel demand growth, posing a challenge for the Organization of Petroleum Exporting Countries and its allies, together called OPEC+.

OPEC+ has curbed supply to help shore up oil prices amid coronavirus pandemic, with cuts of 7.7 million barrels per day due to hold through December. The producers’ market monitoring panel is due to meet next Monday.

“It won’t be a huge surprise if finally the alliance decides to address the worsening situation and amend its action,” Rystad Energy’s head of oil markets, Bjornar Tonhaugen, said in a note.

U.S.

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Japan September Wholesale Prices Slump, Heightening Deflation Risk | Investing News

TOKYO (Reuters) – Japanese wholesale prices fell 0.8% in September from the same month a year earlier, data showed on Monday, marking the seventh straight month of year-on-year declines and heightening the risk the country will slide back into deflation.

Squeezed mostly by soft global demand for commodities and Japanese machinery goods, the weakness in wholesale prices highlights the challenge Tokyo faces in cushioning the impact of the coronavirus pandemic on the world’s third-largest economy.

The 0.8% fall in the corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, was bigger than a median market forecast for a 0.5% drop. It followed August’s 0.6% year-on-year decrease.

Wholesale prices also slid 0.1% in September from August, marking the first on-month drop in four months, the data released by the Bank of Japan (BOJ) showed.

“With the global economy still reeling from the

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Oil Prices Extend Losses as U.S. Producers Restore Output Post-Hurricane | Investing News

SINGAPORE (Reuters) – Oil prices dropped for a second straight session on Monday as U.S. producers began restoring output after Hurricane Delta weakened, while a strike that had affected production in Norway came to an end.

Brent crude

for December fell 55 cents, or 1.3%, to $42.30 a barrel by 0023 GMT and U.S. West Texas Intermediate

for November was at $40.08 a barrel, down 52 cents, or 1.3%.

Front-month prices for both contracts gained more than 9% last week, the biggest weekly rise for Brent since June, but fell on Friday after Norwegian oil firms struck a wage bargain with labour union officials, resolving a strike that threatened to cut the country’s oil and gas output by close to 25%.

“We had good support for both Brent and West Texas on the back of some supply concerns,” said Michael McCarthy, chief market strategist at CMC Markets in Sydney.

“Given

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Your Daily Digest for Real Estate Investing, 10/09/2020

Dangerous Delta, eviction worries mount, NYC and the NYT, haunted house opportunities, and some civic duty.

In Today’s News

Hurricane Delta Beating Down the Hatches in Storm-Weary Louisiana

According to CoreLogic (NYSE: CLGX), some 293,685 single- and multifamily homes on the Gulf Coast — homes that would cost nearly $63 billion to replace — are at risk as Hurricane Delta makes landfall today on a track that takes it over areas already storm-lashed in recent weeks.

Why it matters: Besides lives and properties once again threatened, it really does make one wonder how long hurricane-prone coasts, especially the Gulf Coast, will hold allure for investors and, at the risk of sounding hyperbolic, even be insurable.

Survey: 3.7 Million Renters Face Possible Eviction

Millions of renters believe they will be evicted from their homes in the next two months due to eviction, according to a new survey by the U.S. Census

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LSE Expected to Approve Borsa Sale to Euronext on Thursday: Sources | Investing News

MILAN (Reuters) – The board of the London Stock Exchange

is expected to approve on Thursday a binding offer by pan-European bourse operator Euronext

for the Milan stock exchange, three sources familiar with the matter said.

LSE entered exclusive talks with Euronext last month, after the Paris bourse owner saw off competition from Deutsche Boerse

and Swiss rival SIX for Borsa Italiana.

LSE is selling Borsa as part of regulatory remedies to see through its $27 billion purchase of data provider Refinitiv, which is 45% owned by Thomson Reuters
, the parent company of Reuters News.

The sale of Borsa, which is contingent on the Refinitiv deal going through, is politically sensitive in Italy due to Borsa’s ownership of MTS, the bond platform which handles trading of Italy’s 2.1 trillion euro ($2.5 trillion) government bonds.

To secure the backing of the Rome government, Euronext has teamed up with state agency

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