How Does Rent to Own Work in 2019?

How Does Rent to Own Work in 2019?

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The American Dream has always been to buy a house with a white picket fence and raise a family there until we grow old. In today’s world that is not always an option without a high credit score, years of work history, and a sizeable down payment.

Rent to own gives families who may not have enough money for a down payment the option to rent their house for some time until they are ready to buy it. On paper, that sounds amazing; so why are more people not utilizing this strategy?

The truth is, most people selling a home prefer to sell it and forget about it rather than hang onto it for a few years while someone pays on it slowly over time. While rent to own opportunities might be hard to find, if you stumble upon one, there are a few things you need to know.

Related: What is a Good Cap Rate for Rental Properties in 2019?

How Does Rent to Own Work?

The way rent to own works is a landlord and tenant enter into an agreement, stating the landlord has agreed to sell their home to the tenant at a predetermined price at the end of a specific time frame. During this period there is usually a lease agreement, and a portion of the rent goes towards the purchase price of the house each month.

On the side of the tenant, they agree to rent this property for a predetermined amount of time before buying it when the lease expires. During this time they will have continued to pay rent as they usually would and most likely have reduced the final purchase price of the home.

The Different Rent to Own Contracts

With a rent to own situation, there are two different types of contracts you should educate yourself on. The first is a “Lease Agreement with Option to Purchase,” and the other is a “Lease Agreement with Purchase Agreement.” One rent to own contract is more complicated than the other and comes with a bunch of contingencies, so let’s take a more in-depth look.

Lease Agreement with Option to Purchase

This type of lease agreement is the more complicated one, and it requires the tenant to pay something called an option fee, which gives them the right to purchase the property at a later date. This provides the owner with an incentive to agree to the rent to own terms, and it also requires the tenant to have a stake in the deal if they decide to move out and abandon it.

If the landlord agrees to these terms and accepts the option fee, they are legally required to sell the tenant the house at the end of the lease. If the tenant decides they no longer want to purchase the property after agreeing to these terms, they forfeit the option fee.

Option fees are negotiable but usually range between 2-7 percent of the purchase price of the home.

Lease Agreement with Purchase Agreement

This is a much simpler contract where both parties agree on a purchase price for the home, or they agree to determine that at the end of the lease. Either way, the terms are set in writing at the opening of the rent to own agreement.

There is no option fee, and both parties are locked into the agreement right from the start. How the two parties decide on a fixed or future price is entirely dependent on the market. During a rising market, it would benefit the buyer to lock in their purchase price at that time, and the tables would turn during a seller’s market.

Related: House Hacking: Live for Free with an Airbnb Investment Property

Why Choose Rent to Own?

There are a lot of bonuses for rent to own for both parties in the agreement. The benefits are clearly there for the buyer because they do not have to come up with a down payment, they have the chance to repair their credit, and they get to apply a portion of their rent to the purchase price of the home. They also get to do all of this while still having the perks of renting a house.

During a rent to own lease period, the landlord would still be responsible for maintenance and repairs of the home (in most cases). Of course, there are always exceptions to these rules, but this is also something that should be clearly discussed and agreed upon at the time you enter into a rent to own agreement with your landlord.

Rent to own might benefit a homeowner who is having a hard time selling their home during a tough market. These types of opportunities are appealing to many prospective homebuyers that have the dream of owning a home but don’t currently have the resources to do so.

The seller also benefits because any capital gains taxes are mostly deferred when the property is for investment purposes.

Tips for Renting to Own

You might have a lot of time to think about actually purchasing the home when you enter a rent to own agreement, but that doesn’t mean you shouldn’t take it seriously. It’s easy to get involved in something like this without the help of a professional, and you might get yourself into a bad deal because you didn’t have anyone on your side.

It’s a smart choice to have a real estate attorney look through the contract and help you understand your rights. They will also help you negotiate any terms that are not favorable in your direction.

Lastly, when you are renting to own a home, it might seem like a hassle to get an appraisal and inspection at the time of agreement because you are not buying the property at that time, but this is entirely necessary. When you enter into a Lease with Purchase Agreement, you are buying the house at that time because you are legally obligated to buy it at the end of your lease.

At that exact point, you need to make sure you are getting the house for the right price and that the property is structurally sound.

Homeownership is not as far out of reach as it may seem. While rent to own opportunities might be few and far in between, every town across the country is sure to have a few diamonds in the rough. Keep looking, ask questions, and make sure you do your homework.

Related: The 10 Best Real Estate Tech Startups in 2019

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10 Best Real Estate Investor Websites in 2019

10 Best Real Estate Investor Websites in 2019

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Thanks to the internet, there are more resources available than ever to help a would-be real estate investor. Tutorials, tools, and guides abound, and if you’re looking to build your nest egg using rental properties or by flipping houses, then you should take advantage of as many of them as you can.

In this article, we’ll be talking about 10 of the best real estate investor websites that can help out every real estate investor; whether you’re a property flipper or hoping to get into Airbnb rentals, these sites can give you a serious edge over the competition.

Zumbly

Sometimes the data on Zillow isn’t quite straight forward, and it’s possible that you could miss some very vital information during your housing hunt. However, with Zumbly you can actually get a value score for every home that you’re considering.

This allows you to determine which homes would make the best long or short term rentals, allowing you to squeeze more profits from your investments and make more money. This tool helps investors to build more wealth and less debt from their real estate holdings.

Related: House Hacking: Live for Free With an Airbnb Investment Property

Zillow

Zillow is a valuable tool for real estate investors. Not only can you find valuable properties for sale and list your own rentals, but you can also use it to spy on your competitors.

Use Zillow to cruise neighborhoods that you’re interested in and see what the average price for rent is there compared to the value of the home. You can also see the available stock of properties and see at a glance whether the property you’re considering is a good deal or overpriced.

Roofstock

Roofstock is a website created exclusively for the buying and selling of rental properties. While you can, of course, find your own properties, Roofstock has one other neat feature.

It allows you to buy properties site unseen, thanks to their spectacular certification process and guarantees. This allows you to expand your rental ownership to states where you don’t live but have still found valuable investment opportunities.

It’s a potentially valuable tool for those looking to set up Airbnb rentals in hot areas in different parts of the country.

eRent Payment

Need an all-in-one tool that can help you to manage your tenants? eRent Payment provides online payment services, tenant screenings, background, and credit checks, and it allows you to track and respond to maintenance requests too.

A tool like this is very useful if you’re starting to add more properties to your portfolio and you’re having trouble managing all of them. It not only makes things more convenient for your tenants, but it might help your phone to stop ringing off the hook with requests since you can simply tell them to submit a ticket for maintenance.

Related: What is a Good Cap Rate for Rental Properties in 2019?

Bigger Pockets

If you’re new to real estate investing, then you’ll definitely want to visit Bigger Pockets. This website is a huge information hub for real estate investors, and you can get your free landlord education there as well.

There are numerous free articles and podcasts, but it’s also a social network. This allows you to ask questions to experienced real estate investors and landlords in the community to help you get off on the right foot.

Nolo

The legalities of becoming a landlord can be tricky, but Nolo is here to help. If you don’t have the benefit of expensive legal counsel on your side, then you should be checking Nolo to make sure that you’re doing things by the book.

Make sure you know how to craft a lease that’s within the laws of your state and that you know how to navigate things like eviction or pursuing legal actions for damages. Every state is different, and you’ll need to read up on your specific requirements before proceeding.

Craigslist

Looking for the best deals in real estate? Craigslist is a great place to find sellers looking to get out from under a property who will give you a killer deal if you have cash in hand.

It’s available in literally every location worldwide, and it’s a fabulous resource for a budding real estate investor. However, you should be aware that you’ll likely need to sort through a lot of listings to find the gems.

If you’re ready to do the wheeling and dealing that’s required though, you could end up picking up a very nice property for a very attractive price, especially if you’re capable of taking on a fixer-upper.

This Old House

Speaking of fixer-uppers, if you’re a real estate investor on a budget it’s likely that you’ll need to do a lot of the work on your properties yourself to remain profitable. If you need to learn how to be handy in a hurry, then This Old House has you covered.

They offer tutorials, videos, style tips and fixes for tons of problems faced by fixer-upper homes, and you can learn to do much of this yourself to save a bundle on labor costs. Just make sure that you know when to call in the pros, particularly for advanced electrical and plumbing issues.

Propstream

Finding great deals in real estate requires you to find those deals before anyone else. This often means getting those properties before they are even on the market to the general public.

Propstream allows you to utilize data that generates valuable real estate leads so you can get to those buyers long before they even think about listing their properties on the MLS. This allows you to give them a cash offer that could win you a great deal and save them a lot of headaches.

Invest Four More

Interested in learning the ins and outs of house flipping? This blog can help you to understand everything you need to know about the process. The owner has flipped over 120 properties, and he’s willing to share that experience with you, at no charge even!

While he does have some books available on the subject, this is mostly a free resource which you should definitely use if you’re new to investing in real estate.

Related: How Does Rent to Own Work in 2019?

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Mezzanine Loans – Everything you need to know

Mezzanine Loans – Everything you need to know

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While a Mezzanine loan is much more complex than the standard types of funding, in some cases, it can be quite useful. If you run a business, real estate related or otherwise, then you should make sure that you at least understand all of the options available to you, and while you may not opt to go for Mezzanine funding, you should still have a basic understanding of it.

So, in this article, we’ll be talking about Mezzanine loans. We’ll explain what they are, how they’re structured, and we’ll talk about the benefits of this funding type. This should give you a good understanding of the process and allow you to decide whether a Mezzanine loan is right for you.

Related: How Much Does it Cost to Build a House in 2019?

What is a Mezzanine loan?

You are likely already familiar with debt and equity financing, but you may be less familiar with Mezzanine financing, which lands somewhere in the middle. This confusing, yet useful funding option can provide you flexible financing without losing your equity.

While debt financing, such as what you’d see with a commercial property mortgage, operates on the basis that the lender will be recovering their investment via a monthly payment and interest, and equity financing requires that the financer take on a huge sum of risk by investing in the project itself, the Mezzanine loan offers a happy medium.

While the exact arrangement can vary based on what the parties involved agree on, in general, it offers both the risk and reward aspect of an equity investment, while offering the predictable return of a debt financing agreement.

That’s because with a Mezzanine loan you will still be paying interest to the lender, but the terms will be much more flexible. The lender will also have the option of obtaining equity in your project, either as a guarantee should you default on your loan, or as a bonus later should the terms allow for it.

Related: What is a Good Cap Rate for Rental Properties in 2019?

What are the benefits of a Mezzanine loan?

While a Mezzanine loan is not right for every occasion, it does have some distinct benefits over other loan types. We’ve already discussed how that for the lender, these loans are often more reliable in terms of repayment and balancing risk and reward, but what about for the borrower?

For the borrower, a Mezzanine loan is often a good way to secure funding if you are lacking in collateral. It’s also very flexible, and it can offer repayment schedules which may better suit the needs of your project.

This includes the ability to roll interest payments into the loan’s balance if you don’t have the funds to pay up at that particular time, something that traditional funding just doesn’t offer.

Quick growing projects often also enjoy the fact that the loan interest is tax deductible, and that they can often refinance rather quickly, moving that debt into a standard loan type that carries a more attractive interest rate.

However, having Mezzanine investors onboard your project can also open doors for other more traditional funding options. Mezzanine lenders are long-term investors, and this looks good to creditors, who will then extend you further credit in other ways.

What are the negative aspects of Mezzanine funding?

Every funding type has downsides, and for a Mezzanine loan, you have to look out for many things before signing on the dotted line. For starters, this may not be the most cost-effective way to secure your financing, and you may end up paying a hefty premium for the privilege of flexibility.

Lenders can also be incredibly picky with their requirements, and a deal like this may take several months to set up, so proceed with caution. There is also usually a stipulation which allows you to lose control of the project, at least in part, if things go south.

Related: Best Places to Buy a Home in Southern California

How are Mezzanine loans structured?

While the structure of these loans can vary, the most common structure of a Mezzanine loan goes something like this.

Let’s say that an investor offers you mezzanine financing for commercial property development. You gain flexible lending, which allows you to expand and build more units, on top of what your traditional lender has offered.

The investor is then promised 10% per year in interest payments for the loan, and if you default, then this will convert to an equity interest. However, in some cases, they can also be offered an option to purchase equity at a later date, or other scenarios as agreed upon.

Keep in mind that Mezzanine loans are typically quite large, and you’ll most likely be looking at a funding amount of around $10 million before anyone will bother to sign a deal like this with you. While in some cases, you may find someone willing to do it for $2-5 million, these deals are normally too expensive to be worthwhile.

When should you consider using Mezzanine funding?

In most cases, Mezzanine funding will not be the main funding for a project. Instead, they are typically used as a means to squeeze out more funding from additional avenues. You could think of them as part of your funding stack rather than your primary source of financing.

Mezzanine funding is a popular choice for acquiring capital for growth, such as for the construction of new facilities or properties. Or, it’s often also utilized for shareholder buyouts, acquisitions, and refinancing opportunities.

Conclusion

In closing, Mezzanine funding is complicated, and you should make sure that you have the appropriate legal help if you want to go through with this type of deal. It’s not for everyone, and it certainly is not something to approach without full knowledge of the subject.

While there are plenty of reasons to use Mezzanine financing options, there are also plenty of cons which you should be afraid of. If you’re not careful, then you could end up making a costly mistake.

This article is intended to provide you with a basic understanding of the process, but there’s a lot more to learn about Mezzanine loans before you jump in with both feet.

Related: House Hacking: Live for Free With an Airbnb Investment Property

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How to Start an Airbnb Business with 5 Easy Steps Using Zumbly

How to Start an Airbnb Business with 5 Easy Steps Using Zumbly

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Are you curious on how to start your Airbnb business? We will go through step by step on what you need to do! The profitability of turning your home into a vacation rental has lead to a significant boom in the Airbnb Business. By default, many people have begun looking into obtaining property for the use of Airbnb.

However, not everyone has experience in this form of real estate, and it may often be difficult to figure out what sources to trust when you are trying to figure out what property to purchase.

To ease your process, Zumbly has built its website to simplify and streamline the process for anyone to make an informed decision before they buy a home to fit their lifestyle. Using Zumbly, you can make an informed decision in just 5 easy steps.

1. Sign Up For Zumbly

Zumbly Homepage

Signing up for Zumbly is quite easy. Simply, click sign up on the top right corner, and move to the next page. Here you have the option to sign up through your Facebook account or alternatively, fill out the information in the questionnaire.

Once you have signed up for your account, you will have the ability to mark your favorite properties so that you can come back to them with ease at a later time. You can also save your searches for a later time to further your convenience when researching properties.

Related: What is a Good Cap Rate for Rental Properties in 2019?

2. Find Airbnb investment property with Zumbly’s home score.

Rental Income Inspection

Through the Zumbly website, you can use the search engine to look through potential investment properties. When you are trying to figure out what kind of property you want to invest it, understanding the math and finance behind a decision may often be difficult for people.

If you have not gone to school or have had experience in the matter before, it may be particularly confusing to understand what is ideal for you to invest in. Zumbly has simplified the process for people by categorizing properties based on their level of investability.

Zumbly uses a scale from 0 to 10 to show users how good of an investment a given property is; however, Zumbly’s home score scale is not linear. The rating system works as such:

0 – 5: Fair investment value

5.1 – 7: Okay investment value

7.1 – 9.9: Good investment value

10: Excellent investment value

Even if you are well versed in the real estate market, Zumbly can still be incredibly helpful for you because Zumbly shows you the home score of short-term and long-term rentals. Regardless of whether you do or not understand the property investment, Zumbly can greatly assist you as it will help you filter out properties that may not fit your lifestyle.

One of the advantages of Zumbly is that you do not have to look through properties, slowly trying to figure out which properties are worth your time. Overall, the use of Zumbly can help you not miss out on the opportunity of purchasing the right home for your lifestyle.

 3. Find the funds to finance the property

Counting Coins

This will likely be the most difficult part among all the steps unless you have a very large amount of savings and a very good credit score. Chances are you are going to have to pull together a few investors to help with the investment.

Whatever your method of getting the money is, unless you are going to buy the property at its full value, you are probably going to get a loan through the bank.

This typically requires a 10%, up to 20% down payment on the building to receive the loan. Which means that in reality, the only out of pocket funds that are actually immediately required for the purchase is the money for the down payment that will allow you to receive the loan from the bank.

The good news is that no matter what type of financing option you choose, Zumbly has a calculator that will let you know what your monthly payment will be as well as potential revenue.

Related: How Does Rent to Own Work in 2019?

4. Complete purchase of the property

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Generally speaking, when you are purchasing a property, you would have a real estate broker to do a lot of the work for you. Simply submit the property you wish to purchase to your real estate agent, and they will contact the agent of the selling party. From there they will help you secure your deal.

After the deal is closed, the house will go into escrow giving you 30 days to work out everything else that is needed or back out of the deal if you so choose. After escrow is over, the home is now yours and you can do with it as you see fit.

5. Start your Airbnb business by listing on Airbnb

If the entire purpose of your purchase was to invest in a short-term rental property, your final step is to simply list your property on Airbnb.

Through Airbnb, you can list your property with ease. Just go to their site, and find the button that prompts you to list your property. From there, fill out all the information that the site asks for.

A lot of this information is needed as the information that potential customers will see when deciding which property to rent from. This includes things like, location, base price, the size of the property, and the specific requirements that you want your renters to have to be allowed to rent your property.

You can also go as far as to require an interview of sorts so that you can personally choose who gets to stay at your property. This will help you reduce risks for damages and other things that may end up costing you extra money.

However, you should note, that the more requirements you place on people to be able to rent from you, the lower the number of potential customers.

Related: 10 Best Real Estate Investor Websites in 2019

What you need to know before you start your Airbnb business.

1. When does Airbnb charge?

Alarm Clock

When a customer makes a reservation request, the payment information is taken by Airbnb. Once the host accepts the request, if the reservation is booked through the “Instant Book function,” Airbnb will charge the customer the money required for the rental.

Regardless of how far in advance the purchase is made, Airbnb will hold the payment until 24 hours after the guests’ check-in. This allows the buyer and seller to make sure everything on both sides is as expected (such as the number of guests visiting, the number of bedrooms stated, or overall cleanliness of the property).

If you have a particularly expensive property, you may want to require a security deposit for your guests before they are allowed to stay. If this is the case, the security deposit must be charged to the guests through a successful claim within 14 days of their checkout.

If the guests book a reservation for a time period greater than or equal to 28 nights, the first month down payment will be charged as the reservation is confirmed. After that, the nights will be charged on a monthly basis.

2. How much does Airbnb charge?

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Generally speaking, hosts are charged a 3% service fee for any rental that goes through Airbnb. However, depending on the location of your property, the service fee may be a bit higher. Also, if the host has a “Super Strict” cancellation policy, the service fee may also be raised.

This service fee is automatically deducted from your payment when Airbnb gives you your payout for a rental. If you are hosting experiences as well, the payout for the experiences will be done separately.

The service fee for experiences are generally 20% of the price of the experience and is automatically deducted from the payout to the host; however, if the experience is one for a non-profit organization, the service fee may be waived, allowing you to keep all your proceeds.

3. What is a Superhost on Airbnb?

Superhost

One of the best ways for you to show customers that you are a reliable host is through gaining the title of Superhost. Superhosts are experienced hosts who are exemplary in their work and are the ideal type of hosts that other hosts should strive to be like.

Once you have achieved the Superhost status, your properties that are listed through Airbnb will receive a badge indicating the reliability of your properties. After receiving this status, Airbnb will check up on you roughly four times a year (on a quarterly system) to make sure that you are in fact keeping up with the diligence that earned you your status.

To maintain an account with good standing and meet a list of requirements. These factors of your performance are measured over the past 365 days from any given point in time. The requirements that are required for you to get the Superhost status are as follows:

  1. You must have at least 10 trips booked and executed through your property; alternatively, successfully complete 3 long term reservations that total to a minimum of 100 nights.
  2. Have and maintain a review rate of at least 50%. The review rate is the percentage of guests that leave a review on your property after they have checked out of their stay.
  3. You must maintain a response rate of 90% or higher. The response rate refers to the consistency and speed in which you respond to a potential guest’s inquiry of any given rental.
  4. You must have zero cancellations. This is pretty straightforward, as canceling on guests can be rather inconvenient for them and is largely frowned upon; however, there are exceptions that may allow some grace if you have canceled on a guest. These exceptions are highlighted under the “Extenuating Circumstances Policy.”
  5. Lastly, you must maintain an overall rating of 4.8 or above. After each visit, guests can rate their stay at your property on a 5-star system. Based on this system, you must simply have an average rate of 4.8 stars overall.

Once you have fulfilled the requirements for the time period that is required, there is no necessity to apply to become a Superhost. If the requirements are met on the quarterly assessment date, you will be qualified for the Superhost status. Airbnb will then notify you of your Superhost status at the end of each assessment period (typically 10 days after the assessment is dated to begin).

4. How much can you make with Airbnb?

Dollar Sign

There is nearly no limit to how much you can make on Airbnb. The amount you make, however, is going to be a function of how many properties you have listed, their price, and the percentage of days that your property is being rented out.

The New York Times, explains that there are landowners who would typically rent out their property for about $2000 a month; however, switching to Airbnb allowed them to charge $150 a night.

This means that if they can rent out the same place for $4500 a month as long as they rent out the property through Airbnb. So, you only need to rent out your property through Airbnb for about 44% of the time in which you would normally rent out to a regular apartment tenant to make the same amount of money.

Not only do you have to rent out your property for less time, but it is also much easier to find a customer through Airbnb as potential tenants have very easy access to seeing your property. Overall, this makes the potential for making money much greater when renting through Airbnb rather from traditional methods of renting.

Piggy Bank
To sum this all up, if you are interested in increasing the potential amount of money you may make in property investments, this guide may come in very handy. Sign up for Zumbly and use it to find the ideal property for you to invest in.

Instead of posting the property up for rent as either a house or apartment, use Airbnb. From Airbnb you can list any of your buildings having whatever restrictions you would like on guests, and the price in which you want them to pay per night they decide to stay.

The amount of money that you would make per night will generally aggregate to a larger sum of money being obtained than if you were to simply rent out the building through a standard rental method.

Chances are you will not have a 100% occupancy rate, but this issue will be a hedge by the fact that you can basically charge more than double the nightly value as you would if you had rented the property out by the month.

Furthermore, Airbnb makes it incredibly easy for you to connect with your customers, and if you do so in an ideal manner, you can achieve the Superhost status, allowing you to attract customers at an even higher

Related: House Hacking: Live for Free With an Airbnb Investment Property

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Best Places to Buy a Home in Southern California

Best Places to Buy a Home in Southern California

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California is known to be the third largest state in the entire area of the United States, right after Alaska being the first largest, and Texas is the second largest. When it comes to buying a home, asking yourself where exactly the best place to buy a home is, is a solid question. If you know that you want to buy a home in Southern California specifically, here at Zumbly we can help you make the best choice in terms of where the best area for you to buy your home in is.

 

Register for your free account here and we got you covered.

 

One of the biggest mistakes that people typically make, is not doing enough research before buying a home, especially in terms of precise location. Spotting a bargain and knowing where exactly is best to buy is not exactly easy, but with Zumbly it’s never been easier. We have provided a step-by-step guide for you that goes over how to get the most out of our website, and even better, if you’re just like us and would rather watch a video and learn, we got that for you as well. Just check out our blog on “The ultimate beginners guide on how to find investment properties using Zumbly.”

The best places to buy a home in Southern California are typically in the cities of Los Angeles and San Diego.

Related: What is a Good Cap Rate for Rental Properties in 2019?

5 Best Places to Buy a Home in Los Angeles

Los Angeles, as you already know, is known to be one of the world’s top tourist destinations and a very happening city. Home values have indeed risen over the past few years in the United States; however, this does not change the fact that buying a house is something extremely valuable in the long run, especially with rental prices skyrocketing each year.

 

So, you want to buy a home, but want to make sure that it is part of the best places to buy a home in Los Angeles. Our website at Zumbly has been developed in such a way, that will help you to make the best choice, concerning both the location of your future home and its value for money.

 

Here at Zumbly, we have conducted the appropriate research that will put things into perspective for you in terms of the best places to buy a home in Los Angeles. Remember, location is key and at the end of the day it comes down to what kind of neighborhood you ultimately desire to be around the most.

Below are the top 5 best places to buy a home in Los Angeles.

Buy a Home in Santa Monica

One of the best places to buy a home in Los Angeles is actually in Santa Monica. This suburb of Los Angeles is located right next to the Western coast of downtown Los Angeles. Here, you will find an immense diversity of people and places to go, including great nightlife, outdoor activities, health and fitness, numerous jobs and office buildings, and most importantly, a great location in terms of being in a somewhat central part of the city. There are a great number of tourist attractions, with Venice beach being right around the corner. Some tourist attractions include the original Muscle Beach, Santa Monica Pier, and downtown Santa Monica itself, amongst others. Abbot Kinney is a great spot for some of the top cafes, bars, and restaurants that Los Angeles has to offer. Feel like shopping? Third street promenade is your place to be. Santa Monica is also known to be home to over 75 art galleries and museums. If you are someone who especially values the arts, then Santa Monica is definitely the place for you. There is no question as to why Santa Monica is included in the list of the best places to buy a home in Los Angeles.

Buy Homes in Manhattan Beach

Manhattan beach is another one of the best places to buy a home in Los Angeles. It is an area which grants you the best of both worlds: the city life and the more quiet life. It is also located on the Western coast of downtown Los Angeles, a couple of minutes under Santa Monica. It is typically referred to as a “classic California coastal town”. This neighborhood is known to have numerous outdoor activities, great jobs, and offices, beautiful weather, it is located right next to the coast,  great nightlife, a good commute distance to other parts of the city, and also a particularly low level of crime and high level of safety in comparison to other parts of Los Angeles. It is a great location for families, while simultaneously has a great nightlife scene. The hill section of Manhattan beach specifically, is known to be the second richest neighborhood in Los Angeles; thus, it is clearly a very popular, attractive and desired spot to buy a home in.

Buy Homes in Hermosa Beach

Hermosa Beach is located right under Manhattan beach and is also known to be another one of the best places to buy a home in Southern California. Hermosa beach typically has a mixture of both mansions and beach homes. If this sounds like something that you want, then Hermosa beach is the place for you to buy a home in. This neighborhood is one that is especially loved my young professionals, who like the outdoor lifestyle and enjoy activities such as volleyball, water sports, and biking, amongst many more. There are several restaurants and clubs in this area, specifically on the Hermosa Pier, that are truly excellent.

Buy Homes in South Pasadena

South Pasadena is a very popular place to buy a home in Southern California. It is located on the southern part of beautiful vintage looking Pasadena, a northern suburb of Los Angeles. Pasadena is filled with interesting and peculiar things to do. If you like exploring new and interesting places, then South Pasadena is an area that you will definitely enjoy. Some places to explore are Storrier Stearns Japanese Garden, The Parsonage, The Bubble House, Fork in the Road, Bissell House and Cawston Ostrich Farm. Pasadena is also known to have some of the best hiking trails in all of Los Angeles. Overall, South Pasadena has a great range of diversity, great health and fitness related activities, some of the top public schools, and is known to be another one of the best places to buy a home in Los Angeles.

Buy Homes in Culver City

Culver City is an excellent location. It is a central area, which makes it easy to commute to the majority of the main cities of Los Angeles. With great nightlife, schooling, and workspaces and offices, Culver City is known to be another one of the best places to buy a home in Los Angeles.
 

 

Best Places to Buy a Home in Irvine

Irvine is considered to be a part of greater Los Angeles and is amongst one of the top best places to buy a home in Los Angeles. Irvine is actually even one of the best places to buy a home in Southern California itself. Research has shown that Irvine is one of the most frequently asked places concerning the best places to buy a home in California. For this reason, we have placed is in its own separate section, where we discuss more specifically why Irvine is so popular amongst home buyers, and the best places to buy a home in Irvine.

Irvine is located in the Southern part of greater Los Angeles. It is actually ranked as one of the best places to buy a home in Southern California and one of the best places to live in all of California. Public schools in this area are highly rated. Crime levels are low and safety is ranked higher than other locations close to downtown Los Angeles. Some of the best neighborhoods in and places to buy a home in Irvine include Turtle Rock, Great Park, Oak Creek, Woodbridge, Northwood Point, University Park, West Park, Walnut Village, El Camino Real, and UC Irvine.

Irvine is home to about one-third of Fortune 500 companies. This city is overall known to be one of the safest and wealthiest cities in all of the United States, making it one of the best places to buy a home in Southern California, and amongst the best places to buy a home in Los Angeles.

Register for your free account with Zumbly here to find out where the best place to buy a home in Irvine is, and more specifically, which particular home is best suited for you and tailored to your personal preferences.

Related: The Ultimate Beginner’s Guide on How to Find Investment Properties Using Zumbly

5 Best Places to Buy a Home in San Diego

San Diego is located in San Diego County, south of Los Angeles and also known to be one of the best places to live and one of the best places to buy a home in Southern California. A lot of websites actually ran San Diego as the top and best place to live in California in terms of lifestyle and quality of life, attractions, and climate among many other attributes. San Diego was even ranked as one of the happiest cities in all of the United States. It is a major metropolitan area city located on the oceanfront, holding a great entrepreneurial spirit, which makes it a city that is particularly pleasurable to do business in.

San Diego has shown a great increase in the number of millennials that are moving there. This is great because San Diego offers the perfect balance of “live-work-play”. Nearly one-third of the population of San Diego actually consists of millennials—which is equal to one-million millennials living in the county of San Diego—, making it the second city with the largest population of millenials, right after Austin, Texas. Below we have compiled a list of the 5 best places to buy a home in San Diego.

Related: How Does Rent to Own Work in 2019?

Buy Homes in Torrey Pines

Torrey Pines is another residential community in San Diego which is ranked amongst the top places to buy a home in San Diego. This neighborhood is known to be one of the best spots for nightlife in all of San Diego, with an immense number of amenities located within the area. The famous Torrey Pines State Beach is known to be one of Southern California’s wildest stretches of coastal land, granting residents the ease to visit this stunning tourist attraction and granting them both the feel of being in a city and being at a beach all at once. Torrey Pines also acquires a great number of fitness related and outdoor activities.

Buy Homes in Torrey Hills

Torrey Hills is another one of the best places to buy a home in San Diego. It is known to be amongst one of the cities with the lowest crime rates and highest safety rates in the United States. There is a great range of diversity and its location is great in terms of commuting towards more central parts of the city. There are tons of health and fitness associated and outdoor activities to do around this neighborhood. It is a great area for families, with amazing public school ratings.

Buy Homes in Del Mar Mesa

Del Mar Mesa is a great residential community in San Diego and is one of the best places to buy a home in San Diego. Del Mar Mesa can to some extent be described as a rural community in San Diego, acquiring a conserved open space and large homes. Del Mar Mesa offers excellent schooling, shopping, and especially well-established restaurants. This residential community also offers access to the Torrey Pines Reserve and Beach. It is a very popular area to buy a home in San Diego.

Buy Homes in Via De La Valle

Via de la Valle is known as the second best neighborhood to raise a family in the United States. It is located in the northwest region of San Diego and is another area known to be one of the best places to buy a home in San Diego. It is a fun and happening neighborhood, filled with health and fitness activities and some of the best shopping in mid-county. This community is both residential, in addition to having very open spaces and land uses. If you want to buy a beautiful home, then Via de la Valle is definitely worth looking into concerning buying a home in San Diego, as this area is known to be home to some of the loveliest houses in San Diego.

Buy Homes in Carmel Valley

Carmel Valley is another very family oriented community and another one of the best places to buy a home in San Diego. Residents are typically known to own most of the homes in Carmel Valley. One of the best things about Carmel Valley is that is located in the very central part of San Diego, making it an exceptionally quick and easy commute to the downtown part of the city. Many professionals coming from the high-tech biotech and scientific research industries are known to live in Carmel Valley. This is mostly due to the areas very close proximity to San Diego’s high-tech center, Sorrento Valley. This neighborhood also has some of the most highly rated cafes and restaurants. It is a great happening spot, especially for millennials.

Where should you buy a home?

Deciding where to buy a home is not easy; at Zumbly we have conducted the necessary research that will hopefully help you in making your decision concerning the best places to buy a home in Southern California, and more specifically, the best places to buy a home in Los Angeles, and the best places to buy a home in San Diego.

Don’t miss another opportunity with Zumbly. Register for your free account here, and we will help you find the best home for you.

Related: House Hacking: Live for Free With an Airbnb Investment Property

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The Ultimate Thailand Vacation Guide: How To Travel For Free with Zumbly

The Ultimate Thailand Vacation Guide: How To Travel For Free with Zumbly

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How to Travel for Free with Zumbly

Have you ever wanted to travel for free? Well, with Zumbly it’s never been easier. At Zumbly, we will help you find the ideal property that will be guaranteed to build your wealth. Whether you are a first time home buyer, a traditional real estate investor, or you are looking for a home to put on Airbnb as a #sidehustle, Zumbly’s algorithm has got your back.

At Zumbly, we will help you find an Airbnb investment property, using Zumbly’s home score. Imagine that every time you wanted to travel, you were able to find someone to sublease your home to in no time. This would mean that you could travel whenever you wanted to, for free, or better yet, while getting paid at the same time! It’s really a lifetime investment.

RelatedHow To Start An Airbnb Business With 5 Easy Steps Using Zumbly

Thailand Vacation: Travel to Thailand

Embellished temples, ancient ruins, lavish palaces, tropical beaches, insane shopping, unforgettable festivities: Thailand is one of the world’s top and hottest places to travel to today. This SouthEast Asian country, bordered by Myanmar and Laos, will offer you an experience that you will be sure to never forget.

Take a stroll around Thailand’s famous capital and largest city, Bangkok city, experience authentic and experience unique flavors that you will surely not find anywhere else. Visit iconic heritage buildings in Phuket City, explore the marvelous ancient temples that Chiang Mai is most famous for, or choose to take a dip in the lagoon waters of Thailand’s beautiful island, Koh Samui. The list can go on and on! The country of Thailand is truly a magical place to visit, filled with beauty, mystery, relaxation, and entertainment. There is a reason why Thailand is called “the Land of Smiles.”

Bangkok City

Bangkok city is Thailand’s famous capital and largest city. This city is captivating and incredibly exciting; it is a city that is known to “never sleep” so you can rest assured that you will never be bored in this hub part of the world.

Bangkok’s Nightlife

If there is one thing that Thailand is famous for it is it’s incredible nightlife scene, filled with spectacular rooftop and cocktail bars, energizing nightclubs, fun events, and so much more. People come from all different parts of the world to explore Bangkok’s incredible and extremely lively nightlife scene. Make sure to check out the very famed Khao San Road, interestingly, also known as “the center of the backpacking universe.”

The Reclining Buddha

Check out the famous Reclining Buddha at Bangkok’s Buddhist Temple complex, Wat Pho, and even stop and receive a popular Thai Massage while on your way to the Temple complex! The statue of the Reclining Buddha is famous for its incredible size, being 46 meters long and 15 meters tall, with its feet themselves measuring at over five meters. The best part about this statue is that the entire figure is covered in gold leaf, making it incredibly stunning to see at close proximity.

The Grand Palace

Visit Thailand’s magnificent Grand Palace, the country’s most famous attraction yet. This palace was once where the government of Thailand would carry out their work, in addition to being home to the King. The palace is over 214,000 sq. meters big, thus you will definitely want to spend a good amount of time exploring this magical place.

Chatuchak Market

Chatuchak Market is a shopper’s wonderland. Don’t get lost in the market’s over 8000 shopping stalls which cover about 27 acres of land! It is one of the largest shopping markets in the whole world, with over 200,000 daily visitors coming from all different parts of the globe, along with locals merging the market streets. Chatuchak Market is open on the weekends, every Saturday and Sunday, and you can rest assured that it is the place where you will be able to find everything you can imagine for incredible prices that you cannot find anywhere else. All shopping items at this market will be on sale, with local prices taking over the tourist prices which you fear. If you are visiting Thailand, then you definitely want to make sure that Bangkok’s Chatuchak Market is included in one of your stops.

Related: House Hacking: Live for Free With an Airbnb Investment Property

Phuket City

Phuket City is located on the South-East side of Phuket island, the largest island of Thailand. This town is a beautiful mixture of both old and new, filled with buildings of heritage, enthralling temples, and sophisticated areas.

Phang Nga Bay

Come lay by the emerald green lagoon waters of Phang Nga Bay. This bay is filled with mangroves, caves and spectacular lagoons. Its geographical location protects Phang Nga Bay from bad weather conditions during the monsoon season, making it even more of a reason to visit during your vacation trip to Thailand! Take a tourist boat tour to ensure that you don’t miss out anything of the magical scenery that this beautiful bay has to offer.

James Bond Island

James Bond Island is a very famous landmark in Phuket, Thailand. The island, surrounded by its signature rocky pinnacle, marks its fame due to its starring role in the well-known James Bond movie “The Man With the Golden Gun.” Most of the tours in Phuket island, if not all, will typically include a stop on James Bond Island, allowing visitors to enjoy lunch the nearby Muslim fishing village, Koh Panyee.

Phuket Elephant Sanctuary

Visiting Phuket’s elephant sanctuary, will without a doubt be an experience to remember. Elephants are known to be sacred animals, and at the elephant sanctuary, you will learn all about the reason why. You will get a chance to learn all about elephants, meet the elephants and truly learn to support ethical elephant tourism. If you are a supporter of animals and animal rights, or if you just simply want to learn more and meet the country’s sacred elephants, then Phuket’s Elephant Sanctuary is definitely something that is worth visiting and will surely touch your heart.

Phuket Town Weekend Night Market

Visiting Phuket Town’s Weekend Night Market, also known as Naka Market by the locals, is an experience like no other market. At this market, you will be able to shop anything, ranging from food such as fruits to clothes, animal-related items, and antiques. Everything is on sale and prices at a local price at this market, so you can rest assured that you will not be exposed to any tourist prices. Enjoy authentic Thai snacks, such as the golden buttered corn on the cob, amongst many more. If you are feeling extra daring and adventurous, you can even try one of Thailand’s traditional snacks of fried insects. It may sound surprising, but this is a delicious delicacy to many residents, that you yourself may find to enjoy! There is nothing cooler than traveling to a new country and trying out completely new things that possibly may not have even know existed.

Related: The Ultimate Beginner’s Guide on How to Find Investment Properties Using Zumbly

Chiang Mai

Chiang Mai is considered to be the largest city of Northern Thailand. This city is filled with exciting adventures, shopping you have not seen anywhere else in the world, and beautiful misty hill trails and mountains.

Doi Suthep

The most famous attraction in Chiang Mai is by far the Doi Suthep. Doi Suthep is a mountain located about 12km right outside Chiang Mai. If you visit Chiang Mai, you cannot miss the picturesque view that this marvelous mountain top has to offer. From the top of Doi Suthep, you will be able to see a view, like no other, of the entire city of Chiang Mai. Just outside Doi Suthep, you will find the magical white elephant shrine inside at the 13th-century  Buddhist temple of Wat Phra Doi Suthep. You will be sure to experience the perfect combination of beauty, charm, and zen.

Doi Inthanon National Park

Doi Inthanon National Park is home to the highest mountain in all of Thailand, an extension to the Shan Hills and made mostly from granite. The park covers a land area of 48,240 hectares, The highest point of the mountain is 2565 meters tall and has been known to hit lows of -8 degrees centigrade, whilst visiting the Park you cannot help but notice the number of birds that you will see, Doi Inthanon is home to more species of bird than anywhere else in Thailand.

Tiger Kingdom

Chiang Mai’s Tiger Kingdom is located about 10km out of Chiang Mai. This Tiger Kingdom gives you the chance to really get close and personal to these tigers, leaving you with a truly once in a lifetime experience. If you get hungry, make sure to visit the Bengal restaurant overlooking the park, offering a delicious Thai buffet lunch together with an a la carte menu serving snacks, Western, and Thai food respectively.

San Kamphaeng Road

San Kamphaeng Road is a 10km road, that is also known as the “Handicraft Highway.” At San Kamphaeng Road, you will find a market filled with outlets that are known for their wood carving, silk, silverware, sculpting, pottery, and lacquerware products. Celadon, a type of pottery that outlets in San Kamphaeng are famous for having, uses a green glaze, making pottery look like spectacular Jade. What is especially cool about San Kamphaeng Road, is that you while walking on this road, you will be able to see live artists in the process of creating their masterpieces.

Related: How Does Rent to Own Work in 2019?

Koh Samui

Koh Samui is Thailand’s second largest island, located right in the center of the Gulf of Thailand and measures at about 25km.

Na Muang Waterfall

Explore the beautiful jungle surroundings and visit the two spectacular waterfalls at Koh Samui, known as Na Muang One and Na Muang Two. Na Muang One waterfall flows into a small pool that you can even choose to take a quick dip in. Na Muang Two is a short and worth seeing 30-minute hike uphill. Stop by countless aesthetic spots along your way, together with numerous souvenir huts and delicious food stalls where you can take short breaks at.

4WD Jungle Safari Tour

While visiting Koh Samui, you can even choose to take one of many of the 4WD Jeep Jungle Safari tours. A live guide who will be sure to entertain you through your entire trip, informing ou with special facts and information about Koh Samui and everything that you will be visiting along the way. The Jungle Safari Tour is a fun activity of its own, allowing you to stop at multiple touristic spots along the way, this way ensuring that you get the most out of your visit to Koh Samui, all in only one day. If you are feeling adventurous and fun tours, then you will find the Jungle Safari Tours at Koh Samui are especially exciting.

The Secret Buddha Garden

The Secret Buddha Garden at Koh Samui is referred to as “secret” for a reason. This garden is hidden away in the center of Koh Samui, filled with incredible looking statues surrounded by a vibrant forest. At the highest tip of the Secret Buddha Garden, you will find remarkable panoramic views.

Diving

Koh Samui is one of the best places to go diving in the world. If you are a diving fanatic or want to try diving, then Koh Samui is definitely the place to do it. Get to experience the true gulf of Thailand underwater. Take a boat trip and see the unique marine life of Thailand’s gulf. Dives typically last from 40 to 50 minutes and are suitable for all levels of divers.

Related: The 10 Best Real Estate Tech Startups in 2019

Eager to travel yet? The world is your oyster—literally. Sign up with Zumbly today and make your dreams come true.

The Ultimate Beginner’s Guide On How To Find Investment Properties Using Zumbly

The Ultimate Beginner’s Guide On How To Find Investment Properties Using Zumbly

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A real estate investor is anyone who has purchased purchased a property or is interested in purchasing a property. The success of a real estate investor is determined by their previous experience, a network of other investors, their purpose for buying the property, and the market trend. One of the biggest mistakes new real estate investors make is not doing enough research before buying a home. An experienced real estate investor knows when to be quick in purchasing a home. Spotting bargains is not easy, but with Zumbly it’s never been easier.

Don’t miss another opportunity with Zumbly. Register for your free account here.

Factors to consider when buying your first investment property

When purchasing an investment property there are many factors that need to be considered. What makes life beautiful is that none of us are the same! Some of you may want to travel around the world, others don’t leave the United States.

What’s the best investment property for your lifestyle?

The dream. Flying up and down the coast, visiting your family in one city, getting down to business in another, and partying with your friends in a city that never sleeps. How is this lifestyle possible for someone who wants to be well traveled while also building their wealth? The answer is through investing in real estate in multiple cities. Otherwise, all of this traveling looks like exorbitant fees paid through rental properties—wasting your money away.

Even if constant traveling isn’t a dream of yours, owning multiple properties can be smart even within your hometown. Say you want to live on a beachside property for the weekend (who wouldn’t?), but spend your weekdays in the city so you can be closer to work. This situation is possible through renting, but you’ve never heard a rich person tell you they made their millions that way.

At the end of the day, owning is better than renting. Because the path to a successful life is earning money doing something you love while knowing how to spend it.

What’s the housing market trend for properties in your desired location?

Ups and downs, bulls and bears, the ebbs and flows, ultimately the intelligent investor knows how to weather the storm of a greedy or dormant economy. And while the economy can seem complex and overwhelming at a macro level, Zumbly allows you to comprehend the local trends for the area in which you would like to own property.

Often, the local economy behaves much differently than the national economy. So without the proper understanding of what’s going on at the micro level, you might just be swept away by CNBC economic forecasters telling you when to buy (hint: they are usually wrong).

What’s your budget?

Money makes the world go round my friend. So consider your budget every time you make a serious investment decision. Without one, you may find one day that your bank account has run dry. And guess what you can’t do when your bank account has run dry? Invest in property!

What are your goals for an investment property? Flipping, renting, building equity, temporary residence, etc.

Real estate investors have different goals when it comes to investment properties. If it’s your first home purchase then you’re most likely looking to build long term equity. This can be a great investment to offset personal income taxes if planned correctly. Maybe you’re always on the go and love to travel. If so, then short term renting works really well. Other real estate investors love to find properties to flip. The thrill of buying a distressed property and reselling it after remodeling is very attractive. No matter what you’re trying to do we highly advise that you set clear goals.

Related: What is a Good Cap Rate for Rental Properties in 2019?

beautiful investment property

Real Estate Language to Understand Zumbly Better

What is Net Income?

Net income is how much money you take home after you subtract your mortgage, property, tax, HOA, and insurance. Calculating  your net income before you purchase a home is extremely important. Many new investors neglect insurance, HOA, and property tax. Luckily, Zumbly does it all the hard work for you with just one click of a button. It even automatically calculates it for mortgage and cash.

Mortgage vs Cash Investment for Real Estate Investing

There’s a big difference between a Mortgage and a Cash investment. Mortgage payments for a home require a down payment of about 20% towards the home, and then the bank provides a loan for the rest of the loan. A mortgage requires the individual to have outstanding credit, job history, and other factors to receive the loan. However, a mortgage payment accrues interest which increases your monthly cost to the property as well as extend the time necessary to buy a property.

In real estate investing, cash is king because you the home-seller has less risk and the deal can go through faster. As a result, you will be able to negotiate the price down on the property which provides an opportunity to generate a greater ROI on the home.

Short-Term Renting

Airbnb has been one of the biggest disruptors of real estate in the 21st century. As a result, you now have many different options to live your lifestyle. There’s a lot that can be done with short-term renting with Airbnb as a traveler. If you own a home, and you’re frequently flying then that means that there are days, if not weeks where your home is vacant. This is a great opportunity to list your home on a short-term rental service like Airbnb.

Related: House Hacking: Live for Free With an Airbnb Investment Property

Here are a few questions you might ask for short-term renting:

Want to take a trip to another part of the world and have an authentic experience?

Then you rent a family home in a rural part of the world from Airbnb at an affordable price and the protection of Airbnb.

Sick of staying at overpriced hotels for little to no luxury in big cities?

For the same price, you can rent a studio or a multi-bedroom home for the same price if not less.

Traveling with a group of friends?

Good luck taking a group of friends and fitting everyone in the same hotel room. If you really tried, you can. During certain conventions and trips, we’ve seen people of 6 to 8 people sleep on the floor of the hotel room. That doesn’t sound like a great experience. Next time just rent a house from Airbnb for the same price.

Long-Term Renting

If you love the good old-fashioned way of real estate, then you’ll probably go with Long-Term Renting. Some example of people who need long-term renting are families, an individual who relocated for their new job, or anyone who is looking to stay in a property for more than an year.

Daily Rate & Occupancy

The daily rate and projected occupancy are estimates that are based on the pulse of short term rental marketplaces like Airbnb, HomeAway, or VRBO. If you were to purchase a property, this is the expected

Long-Term Renting vs Short-Term Renting

There are pros and cons for both long-term and short-term renting and the decision should be made solely based on your goals and lifestyle. We will briefly go over the pros and cons of long-term renting, vs short-term renting.

Benefits of Long-Term Renting:

  • Predictable Income
  • Multi-year tenants

Shortcomings of Long-Term Renting:

  • Harder to remove/evict from premises
  • Difficult to increase price
  • Difficult to upgrade house
  • Tenants may not notify you of damages

Benefits of Short-Term Renting:

  • You can rent a spare room
  • You can rent your room while you’re traveling.
  • Holidays can make you more money
  • Can facilitate a home exchange

Shortcomings of Short-Term Renting:

  • Unpredictable income.
  • Prolonged periods of no occupancy
  • Always have to keep property in best condition.

Related: Mezzanine Loans: Everything You Need to Know

Find Income Property for Sale – Zumbly’s Investment Property Finder

Zumbly was created with the goal of helping individuals make the best investment property decision to fit their lifestyle. We created a step by step guide on how to get the most out of Zumbly. If you’re just like us and would rather learn from watching a video then check out the video we made that goes over all the steps below.

Step 1 – Search a location or property on Zumbly

For the sake of the guide, we will search for properties in Los Angeles.

Zumbly homes for sale in los angeles

Once you’ve entered your search you will see properties with an home score of 10 on the left side, and on the right frame you will see white circles with numbers in them. The number inside the white circle tells you how many properties for sale are inside that location.

Step 2 – Add filters and Save Searches

Narrowing down your search is extremely easy with Zumbly. You can narrow your search for investment properties by price, number of beds, number of baths, types of properties, and we even have an advanced search where you can narrow your search through home score, days on the market, and even lot size.

advanced investment property search zumbly

Once you input the parameters you want, make sure you press “Save Search” on the top right hand side of the page. This will save you a lot of time if you’re searching for different parameters. To access your saved searches in the future, simply click on your profile picture and then select “Saved Searches” from the drop down menu.

Save your searches by signing up for Zumbly.

Step 3 – Zoom in to a specific location to find investment properties on Zumbly

In order to see all the properties in a specific location, you will need to zoom in. There are a few ways to achieve this.

zooming in to find investment properties with Zumbly

Zumbly Home Score

Zumbly took whole market and weighed the market against each other. Bottom of the market is 0s, and the top of market is 10. The properties have been proportionally broken evenly and broken into segments. Zumbly’s home score is generated in real-time and is based on income earning potential. As discussed previously, the range is from 0 (lowest) to 10 (highest).

Zumbly’s numbers are not perfect, but they’re a great way to get a true look at the market. The score is determined by comparing similar properties based on how many bedrooms, square feet, price the properties have.

We take the data to the next step.

Blue Dot – Excellent (10)

A property with an home score of 10 is the

Green Dot – Good (7.1 – 9.9)

A property with an home score between 7.1 and 9.9 is good.

Orange Dot – Okay (5.1 – 7)

A property with an home score between 5.1 to 7.0 is Okay.

Red Dot – Fair (0 – 5)

A property with an home score between 0 to 5 means that the properties are fair and on the bottom of the market.

Step 4 – Select a property

Selecting a property is very easy. You can either choose a property from the menu on the left or directly click on one of the colored dots. We will move forward and select a property with an Excellent Property home score.

The property we’ve selected is 6507 Matilija Avenue Valley Glen, CA 91401, you can find it on Zumbly here. The property has 1,358 square feet and is currently priced at $785,000 with 3 beds and 2 baths.

select an investment property

Curious to see what the home score of homes near you are? Sign up for Zumbly, and stay up to date with real estate trends in your area!

Step 5 – Analyze if the investment property is a good fit with Zumbly

The most important step in finding the right investment property is in your analysis. Depending on your lifestyle, goals, and other factors you will either buy a property for short-term renting or long-term renting. Zumbly provides comprehensive analysis for both short-term and long-term renting. Furthermore, you will also see what your expected net income will be if you were to purchase a home with a mortgage or if you were to purchase it with cash.

Related: 10 Best Real Estate Investor Websites in 2019

analyze an investment property

Do you have a lower interest rate? Great, you can change it easily inside the mortgage drop down menu. Maybe you want to calculate the net income if you were to purchase the investment property with cash. No matter what your circumstances are, Zumbly has you covered with our in depth mortgage calculator. We do all the hard work for you, so you don’t have to.

Short-term renting calculator (for Airbnb, Homeaway, VRBO)
One of our user’s favorite features is the Daily Rate & Occupancy calculator. Inside the Daily Rate & Occupancy calculator, Zumbly adjusts the expected Net Income based on the nightly rate and the projected occupancy. We highly encourage you to play around with the calculator to find out what a best and worst case scenario would look like if you were to do short-term renting.

short term rental calculator

Airbnb has been one reason many people have been trying to find investment properties. Just because it’s one reason to try and find an investment property, it doesn’t mean that everyone’s goal is to go down the route of trying to find investment properties for short-term renting.

Long-Term Renting Calculator

Another powerful feature inside Zumbly’s kit is the Long-Term Renting Calculator.

long term rental calculator

The long-term renting calculator is a sliding bar that you can move left to ride based on what you estimate you can rent it out long-term. As you move the bar to the left or to the right, the net income will automatically be adjusted.

Signup for Zumbly for full access to the website.

Step 6 – Adding a Property to your Favorites

Found a property you’re interested in? Great, it’s time to add it to your favorites search. This is one of the perks you get for registering an account with Zumbly.

Adding a property to your favorites with Zumbly is very simple. You can click on the heart button inside the white frame or just click on the top bar that says “save” next to the Twitter share button.

You’ll know if it’s saved if the heart is black. If it’s not saved then the heart will be white.

add investment property to your favoritesTo access all your saved searches of your property you will need to go to your profile icon. Next you will click on your profile, and a drop down menu will populate. There will be three categories: Favorite Properties, Saved Searches, and Settings. Just click on Favorite properties and you should be all set!

add investment property to favorites

Sign up today to easily manage you investment properties using Zumbly.

Will Zumbly help me find the best real estate investments?

Zumbly was created as a tool to help you save time finding investment properties. The “best” real estate investments are solely determined by you and your goals. Zumbly is a tool that can help you find good investments. Like every other platform, the tool is as good as the user. The more experienced you become as a real estate investor, the more useful Zumbly will become to you.

Knowing the expected income you can make from an Airbnb investment property, or other short-term rentals is extremely useful. The Zumbly home score is a great way to filter properties out when you’re doing comparative market analysis, which will save you a lot of time. The short-term rental calculator is a great way to find out what you can earn if you were to host your property or future property on websites like Airbnb.

Related: How to Start an Airbnb Business With 5 Easy Steps Using Zumbly

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Investment scores, estimated rental values, estimated mortgage costs, and any other financial or other data contained herein cannot be guaranteed as accurate and should not be solely relied upon in making any investment decisions. Users of this information should conduct their own due diligence before making any investment decisions and Zumbly shall not be responsible for any inaccurate information or estimates listed herein.