Out of all of the personal financial strategies, one of the most lucrative financial moves is that of purchasing property to lease out to renters. Doing this, if done correctly, can earn you a fantastic return on your investment, as well as make you a passive income. If you follow some basic guidelines, it could … Read moreHow to Build Passive Income Stream With Rental Property
When many people start thinking about buying a home, they usually get excited about figuring out how big a house they can get and use online mortgage calculators to help them estimate monthly payments at a specific interest. What many of these calculators don’t include, though, are additional costs. We often forget that homes need … Read moreIs It Better to Buy Or Rent? The True Cost of Homeownership
I recently heard an interesting discussion on Dave Ramsey’s radio show about the length of time you need to live in a home in order for it to make sense going through the process and expense of purchasing it. It’s a rare occasion that I disagree with Dave Ramsey, but in this instance, I did. … Read moreHow Long Do You Have to Live In A Home to Justify Buying It?
Ohana, multi-family living, “boomerang children.” No matter what you call it, extended families living under one roof or on one property can be a cultural norm or a way to cope with the financial difficulties that many are facing. Many say it’s “Easier said than done.” They are correct. There are many issues to work … Read moreMultigenerational Living: Making Extended Family Living Together Work
I wrote about Dave Ramsey’s Baby Step 6: Pay Off Home Early about a year ago, and I’d like to revisit the question of “Should you pay off your mortgage early?” in light of today’s economic crisis. In the Dave Ramsey article, I examined both the advantages and disadvantages of paying off your home loan … Read moreShould You Prepay Your Mortgage In This Economy?
There’s a quote by Gene Brown that says “One good thing about being young is that you are not experienced enough to know you cannot possibly do the things you are doing.” As I enjoy my second month of being retired from my job, I reflect back on the things that my husband and I … Read more5 Secrets to Successful Real Estate Investing Partnerships
Buying lower-priced fix-up houses, fixing them up using your own time and effort, and renting them out is a fairly low-risk, high-reward way to generate wealth and security. If you have been thinking about real estate investing, this may be a very good time to do it. There are many benefits in buying a fixer-upper … Read moreRecession-Proof Investing with Fixer-Upper Rentals
One of the commonly touted advantage of real estate investing is the financial leverage that can result in enormous return on investment. A typical example usually compares investing an amount in real estate versus the stock market, where the return on investment for real estate investing far exceeds that of the stock market. For instance: … Read moreReal Estate Investing: Return On Investment and Leverage