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Renting vs Buying – Should You Rent or Buy Your Home?

As a Realtor, I have dissuaded potential home buyers from buying more than once. Yes, it is not good for my pocketbook, but it is the right thing to do. If you’re in the financial and credit position to buy a house, buying may still not be the right thing for you (see below). For … Read moreRenting vs Buying – Should You Rent or Buy Your Home?

12 Steps to Financial Freedom and Personal Finance Success

Welcome to Moolanomy. You’ve just found a road map to help you improve your finances and change your life! I have been managing my own finances since I gradated from college in 1995. Through the course of the years, I have done many things right and I also made plenty of mistakes. I have learned … Read more12 Steps to Financial Freedom and Personal Finance Success

Top 10 Tax Deductions for Rental Property Owners

When you own rental property you are essentially running a small business. Here are 10 primary tax deductions for rental property owners that you can use to reduce your rental income for income tax purposes. 1. Mortgage Interest Just as you would report your mortgage interest on your primary residence on Scheduled A of your … Read moreTop 10 Tax Deductions for Rental Property Owners

How to Sell Your House Fast – 9 Tips to Get the Most From Your Home Sale

Now that the house hunting season is in full swing, I thought it’s a good idea to revisit these house selling tips again. Although the economy has been improving, the housing market still favors buyers over sellers in many areas (with the exception of some low inventory areas where there are more buyers than sellers). … Read moreHow to Sell Your House Fast – 9 Tips to Get the Most From Your Home Sale

How to Choose the Best Credit Monitoring Service

The financial world today is fraught with pitfalls. One of the biggest issues is your credit score. Lenders — and others — check your credit score regularly to see what sort of default risk you present. Your credit score is largely based on the information that is reported to the major credit bureaus, so it … Read moreHow to Choose the Best Credit Monitoring Service