Real Estate

Should I Buy Foreclosed Real Estate?

Should I Buy Foreclosed Real Estate?

By in Reader Question, Real Estate | 0 comments

 A reader from the website, Fromthisseat.com writes in; “Is purchasing foreclosed real estate a smart investment with so many renters and so few home buyers in the market?” What is Foreclosed Real Estate? Before we tackle this reader question, let’s explain the term, ‘foreclosed real estate’. The foreclosure process describes the legal situation which occurs when the homeowner can’t afford to continue to make mortgage payments, and his or her rights of ownership are withdrawn. If  the property cannot be sold under normal conditions or through a short sale (pre-foreclosure sale, when the home is sold for less than...

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Use Cash Flow Principals – Gain Financial Independence

Use Cash Flow Principals – Gain Financial Independence

By in Advanced Investing, Debt, Guest Post, Money Management, Personal Finance, Real Estate | 0 comments

Understand Household Cash Flow to Build Wealth? Guest contributor; Stanley A. Riggs, MD Are you ready to start building wealth, rather than just making a living? Consider what you’re doing with your cash flow. Building wealth and achieving financial independence is like losing weight or quitting smoking. It is simple, but not easy. By understanding what to do with your cash flow, you can increase your net worth. Three basic tools to building wealth start with understanding assets, liabilities, and the economy: Understand the difference between true assets and real liabilities and put your money into the assets. Always be...

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ARE YOU CUT OUT TO BUY A FIXER UPPER?

ARE YOU CUT OUT TO BUY A FIXER UPPER?

By in Investing, Make Money, Real Estate | 23 comments

So You Want to be a Real Estate Flipper “If people are unforgiving up front about assessing the costs of renovation, the value of the property and the neighborhood, and how much money they have, they can come out ahead and buy more house than they otherwise could ever afford,” says Bradley Inman, CEO of HomeGain.com, a real estate sales and information Web site. (as quoted on thisoldhouse.com) The lure of real estate investing is great. This article outlines what  it takes to buy, renovate, and resell real estate.   Find out if this potentially lucrative endeavor is for you...

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How To Rent An Apartment

By in Personal Finance, Real Estate, Saving, Tips | 16 comments

3 Steps to Rent an Apartment I’ve rented many apartments over the years, some really nice, and a few real dumps (when cash was really low). Before you begin, remember his fact; appearances matter. When visiting potential apartments, look neat, well groomed, and behave professionally. You increase the likelihood of getting the apartment you want by looking like an attractive tenant! Plan well, know what you want, and get a great apartment within your budget. And, if you’re hoping to save up to buy real estate later on, take on a room mate or two and look for an...

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Should I Pay Off My Mortgage or Invest in the Stock Market?

By in Debt, Investing, Reader Question, Real Estate | 20 comments

Your Investing Questions Answered Welcome to the 2nd “Your Investing Questions Answered” Thursday. Mike from Get Rich with Me asks; “Am I better of making over payments on my mortgage at 2.9% or investing the money in the stock market?”  Should I Pay Down My Mortgage or Invest in the Markets? This is a personal favorite of mine and a question I’ve pondered many times. The short answer is, it depends. This question is a financial and psychological question. For some individuals, the freedom of having no mortgage is very important. For those individuals, there is a great satisfaction knowing...

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CAUTIONS IN REFINANCING YOUR MORTGAGE

By in Debt, Real Estate | 4 comments

It’s Not Always a Good Idea to Refinance It may seem that refinancing your mortgage to a lower interest rate is always a good idea. The news is blaring with opportunities to refinance. One would think, if a lower interest rate means you pay less money on your mortgage, then that must be good. However, there is more to the story. A mortgage is only one part of a person’s entire financial picture, a large part, but still only one part. If you think it’s time to refinance your mortgage, here are some factors to consider. Interest Rate Change...

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