Without a 25-30% down payment, beginning on the road to rental investments can be quite a challenge. Hence, purchasing the property as an owner occupant can be a huge advantage! Let’s look at some examples together. The first example would be to buy a home to live in with a minimum FHA down payment of […]
Purchasing a home – the process can seem overwhelming. However, the long-term advantages of homeownership are a very smart investment which will secure your future where the benefits extend beyond simply having a place to live. One of the most significant advantages to owning a home is building equity. You can’t build equity while renting. […]
If you’re a homeowner, you’ve more than likely invested in a significant amount of time and money in regards to furnishing and decorating your home with items which are important to you. Unfortunately, unexpected events like natural disasters or burglaries can result in the loss or damage of these belongings. It’s because of those unexpected […]
Home improvements – just about any realtor will tell you that doing home improvements on your home will potentially increase the home’s value, and bring in buyers who are willing to make a higher offer. However, what they might not tell you is that you need to keep track of those home improvements. Keeping track […]
One of the largest concerns with homeowners is whether to buy a home first, or sell first. If they sell first – will they be able to find a home to buy? You can understand with the low inventories currently available in most markets, a very strong argument can be made to purchase your replacement […]
When you cook, using “mise en place” means you have all your ingredients cut, measured, peeled, grated, sliced and you have your bowls, utensils, and pans ready to use before you begin the cooking process. This gives you the opportunity to inventory the ingredients and observe if you have everything you need. Using this method, […]
Used cars: it is not usually a good idea to spend a bunch of money to fix up a used car before you trade it in. You won’t recapture the money you spent on the repairs. Dealers can make repairs less expensive than you can. And you are selling to a wholesaler who then needs […]
CoreLogic analyzed national homeowner equity. This equity grew in the 4th quarter of 2020 by $1.5 trillion or 16.2 percent year-over-year. The study was done on homeowners who have mortgages on their homes. In the fourth quarter of 2020, we also saw the number of mortgaged residential homes with negative equity decreased by 8 percent […]
The monthly affordable rent as a percentage of monthly income is what we call the rent to income ratio. Tenants should keep this ratio within 30 percent of their monthly gross income. With a shortage of rental units in some areas, it may not be possible. In this situation, a tenant would have to spend […]
Having insurance is always debatable. The debate centers on having to pay for something that you may never use so it is worth it or a necessary evil. Mortgage Insurance benefits the lender if a borrower who puts down less than 20 percent defaults on their loan. The problem is that most conventional mortgage loans […]
