Real estate can be a solid investment, offering potential income through rentals and appreciation in property value. However, it requires careful planning and consideration of market conditions, location, and management responsibilities.

Financing options include traditional mortgages, hard money loans, private lenders, or partnerships. Investment property loans often require higher down payments and have stricter credit requirements than owner-occupied loans.

Renting typically refers to a short-term agreement (month-to-month), while leasing involves a longer-term contract (usually 12 months or more) with specified terms..

Pre-qualification is an estimate of what you might be able to borrow based on information you provide. Pre-approval is a more rigorous process where the lender verifies your financial information and offers a conditional commitment for a specific loan amount.

Pre-qualification is an estimate of what you might be able to borrow based on information you provide. Pre-approval is a more rigorous process where the lender verifies your financial information and offers a conditional commitment for a specific loan amount..

Real estate agent commissions typically range from 5% to 6% of the sale price of the property, and this is usually split between the buyer’s and seller’s agents. .