As part of its continued growth strategy, Realty Executives International announced today that it has acquired the remaining 50 percent of Realty Executives Northern Arizona. By fully investing in the Northern Arizona brokerage, the corporate office now has significant skin in the game, giving both management and franchisees more incentive to produce results.
Broker/Owner Don Bonnell will continue to oversee the operations of the Northern Arizona brokerage, as he has since 2005. The acquisition includes expanded support and enhanced services in order to develop a deeper business relationship with the brokerage.
When it comes to real estate investing, is it better to buy-and-hold or fix-and-flip? The answer depends on your investment goals, your personal preferences, and your local market. Let’s looks at each strategy and figure out which is the better fit for you.
What is Buy-and-Hold?
Buy-and-hold is when you purchase an investment property for the long-term. Most investors start with a single-family home or small multi-family property (2-4 units).
You simply find a property where the rent will exceed all your expenses (as a general rule of thumb, investors like to see the monthly rent be more than 1% of the purchase price), then find reliable renters for the property.
The rents collected will pay down your mortgage debt, pay all your investment-related expenses (like taxes, insurance, and maintenance), and put money in your pocket every month for decades to come!
When dealing with real estate transactions, finding a reliable lawyer presents valuable advantages especially in protecting your personal and business interests.
The practice of real estate law encompasses a variety of fields. Real estate attorneys are able to deal with more complex issues such as zoning problems and ordinances, environmental issues, or contracts and lease agreements. However, they can also offer indispensable advice and assistance to more common commercial and residential transactions.
Whether you’re buying and selling a house, investing in real estate properties, or in the middle of a simple legal issue, having a lawyer by your side makes the process easier. However, before you embark on the search for the best real estate lawyer to handle your businesses, you might want to take note of a few questions that will help you land the right attorney for the job.