Some people desire a gorgeous partner. While others desire so much fame they can never walk around in peace. However, real estate might be the most desirable thing of them all since we spend so much time at home. As a result, real estate FOMO could also be the hardest type of desire to overcome. […]
Real Estate FOMO: How To Overcome The Hardest Type Of Desire Read More »
As a landlord since 2005, I’m constantly faced with the dilemma of selling a rental property or renting it out whenever my tenants move out. The older and wealthier I’ve gotten, the more I prefer to sell rather than rent out. I have a love-hate relationship with owning rental properties. Being a landlord can sometimes
Rent Out Or Sell An Investment Property When Inflation Is High? Read More »
Some say renting is like throwing your money away. If that’s the case, what about the people who spend six figures a year on rent? Is that like setting your net worth on fire? I don’t think renting is throwing money away at all. You get shelter for the rent you pay. Renting is also
Profiles Of People Who Spend Six Figures A Year On Rent Read More »
Tappable equity is the amount of home equity available for homeowners to withdraw via a cash-out refinance or a second mortgage. It is typically calculated as total home equity minus 20 percent of home value. The 20 percent figure is used as a collateral cushion to protect the lender. Tappable equity is a new term that I’ve
Tappable Equity: Usable Home Equity Has Exploded Higher Read More »
Let’s take a look at the latest mortgages by interest rate. By understanding the composition of mortgages, we’re better able to understand how a rise in interest rates will affect the housing market and the consumer. Since November 2018, the vast majority of homeowners with a mortgage have refinanced and taken advantage of lower rates.
Mortgages By Interest Rate: Homeowner Tenure To Increase Read More »
If you’re a homeowner looking to live for free, buying Treasury bonds today likely will. After an aggressive hike in the Fed Funds rate since the beginning of 2022, three-month treasury bills are yielding over 3.3% and one-year treasury bills are yielding over 4%. Once you’ve got your housing expenses under control, life becomes much
Time For Homeowners To Buy Treasury Bonds To Live For Free Read More »
Even though a no-cost refinance sounds great, there’s really no free lunch. A no-cost refinance has costs. The costs are just not visible upon closing. The costs are baked in by charging the borrower a higher mortgage rate. Here are all the mortgage fees in a no-cost refinance. It’s like marrying someone for their money.
No-Cost Refinance Loan: There’s Really No Such Thing Read More »
One of the great benefits of being an investor is that you can sometimes make more from your investments than from your day job. After several years of doing so, you might even start wondering what’s the point of working so much! According to Zillow, home value appreciation in 2021 was higher than median wages
Making More From Your House Than From Your Salary Makes Life Easier Read More »
As a buyer, you love bad real estate agents because you can take advantage of them to get better pricing. As a seller, you obviously want a good real estate agent so you can maximize your profits. According to the National Association Of Realtors, there are supposedly around 1.5 million real estate agents today. However,
How Bad Real Estate Agents Can Cost Sellers A Lot Of Money Read More »
In a strong housing market, you may want to buy a fixer-upper property that fewer people want in order to get in. If you’re young and full of energy, buying a fixer to build sweat equity is a good idea. I did so twice to some great returns. Let me share whether you should buy
Should I Buy A Fixer-Upper Property? Evaluating The Pros And Cons Read More »
