The real estate market can be a tricky industry to navigate, especially for those who do not have a lot of experience in the area. The sale of a home may be the result of the homeowner relocating, upgrading, a change in finances or any number of other factors. In some cases however, a homeowner … Read more Selling vs. Renting: Should You Sell Your Home or Rent It Out?
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 more How 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 more Is 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 more How 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 more Multigenerational 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 more Should You Prepay Your Mortgage In This Economy?
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 more Recession-Proof Investing with Fixer-Upper Rentals