Rents are skyrocketing, and incomes are not. One in five millennials are living in poverty, and are either stuck with parents, couch surfing, or on the street. And it's not for lack of effort. Even $15 an hour, in major cities like New York and San Francisco, is just enough on a single income to cover expenses and have maybe have some social life until the next check. God forbid an incident or major expense come up. Tack on having no or poor credit - it's hard to get credit with no credit, and we never learn about this sort of thing in school - and finding an apartment becomes quite the challenge. Add on a security deposit and you see why many young folk are crashing couches or wherever they can. You work hard, you deserve a nice place to rest your head. Here's 3 hacks to rent a nice place with poor credit and no security deposit.


Lease Takeover

Often times you make enough to cover the rent, but the added expenses of moving, application fees, deposits, and paying extra months rent upfront can be a hassle. Lease takeovers are great because they present a win-win for everyone involved. Someone just got a new job in another city, or has a new baby on the way and needs more space - or whatever other reason causing people to need to leave their homes before their lease expires. That's where you step in. If all parties are hip, then you agree to takeover the remainder of the lease term, and will arrange to either pay the landlord or them directly. This gives you time to build towards another place, or build a relationship with the landlord or staff so that you can easily stay in the apartment longer if you like. The tenant is happy because they get to keep their deposit and not pay any early termination fees, and the landlord keeps a steady flow of rental income without having to advertise a vacant apartment, and you get a nice place, minimum hassle.

AirBnb

Start by booking a short term stay at an AirBnb and expressing to the host your interest in a longer term stay and offer to negotiate a price for a longer term stay if everything goes well. Many digital nomads are taking this approach. Instead of conventional apartment living, they travel the world staying in different cities for a month or so at a time, needing only their laptops and light luggage. Depending on the relationship you develop with your host you can make it a more permanent home or you can continue to try new places until your ready for a perfect fit

Long Term Hotel Stay

Another awesome alternative is to find hotels that offer long term stays. They usually offer them at a discounted rate and it helps them keep rooms filled that would otherwise remain vacant. The cool thing for you is that you get cable and wifi (warning: hotel wifi tends to be crappy), breakfast, a pool, fresh clean towels and linens on the regular. If you can find the right situation it's actually a pretty sweet set up, and a relaxing way to have roof over your head as you get your affairs in order.

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Airbnb is a great option while traveling, but you should protect yourself from damage charges from unscrupulous hosts.

Airbnb offers an affordable option for people looking to be more comfortable as they travel.

However, there are downsides to staying in a host's home rather than a hotel. Whereas hotels are designed for constant streams of visitors and often have furniture built to last, at an Airbnb, you may be staying on old or cheap furniture that a host is using in order to maximize their profits.

And while most reputable hotels will have regular room inspections from staff to check for any wear and tear, Airbnb damage disputes are oftentimes he said, she said situations. If you are in an Airbnb and something breaks, there are a few steps you should take in order to ensure that you are not on the hook for damages out of your control.

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Art Installation N°1 by Carlos Marcial. Rhett Dashwood / YouTube

If you're keeping tabs on the art and tech worlds, you've probably been hearing whispers about "NFTs" for the past month. Just over the past week they've entered the mainstream lexicon.

Twitter founder Jack Dorsey made the news for selling his first ever tweet. The app has been teasing paid subscription models and newsletter-like features, but tweets for sale is "the next frontier."

The 2006 tweet went up for auction as an NFT, and the current bid is $2.5 Million. But what does it mean to own that? Why would anyone want to? And what even is an NFT?

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Long gone are the days when the majority of Americans dreamed about owning a home with a white picket fence.

The traditional American Dream may be on its deathbed, but that doesn't mean a core component of the vision can't survive. It simply takes a diverse perspective. People can still believe they can attain their own vision of success in society with hard work, knowledge, and risk-taking. Investing in today's American Dream may literally mean investing money in our modern economy, starting with our infrastructure.

Real estate investing in particular is a lucrative method that can boost income and secure a better financial future for many. There's always risk involved, but the payoffs can far outweigh the uncertainty. Selecting solid financial investments is about confidence and competence. If you're looking for some advice on this kind of investment, here are a few savvy tips for new real estate investors.

Stick To a Specific Strategy or Niche

Real estate is a challenging sphere of the business world, one that requires several key skills: groundwork knowledge, networking, perseverance, and organization. True knowledge of the real estate market will come with time and experience, but it's a smart idea to select one area of the market and stick to it. This is the best way to attain in-depth familiarity with your specific niche.

First, choose a geographical area close by and then a niche strategy within it, such as house flips, rental rehabs, or residential or commercial properties. By doing so, you can become aware of current inner working conditions in the market and you'll have a better idea of how these trends may change in the future.

Be Vigilant About Viable Financing Options

While it takes money to make money, you don't have to use all your own money. A common misconception about real estate investing is that you must be wealthy to start off. This isn't straight fact, however. A majority of people can test the waters of real estate investing without a lot of initial cash in their pocket.

Aside from traditional financing options from banks and institutions, private lending options can be worthy solutions. Hard money lenders are popular, reasonable choices, and they tend to have fewer qualification requirements upfront. However, be sure to strategically choose a hard money lender to find the best possible fit.

Master the Art of Finding Good Deals

There may be hundreds of thousands of available properties for sale on the current market, but the bulk of them will never amount to the final money-making result you desire. Another great tip for new real estate investors is to use good math to estimate profit. Taking risks is part of the process, but you have the ability to analyze properties and use networking sources to find the greatest deal. You can't win every deal, but you can steadily work towards a thriving financial future.