In today's uber-competitive real estate market, many people are opting to forgo home inspections when they make their purchase offers — all in the hope that their offer will look more appealing than some other offers. However, most real estate pros would advise against taking this step since home inspections can reveal valuable information about the state of the property.
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f you are considering buying a home, ensure your research includes the option of a duplex. I guarantee you by the time you retire; you will be glad you did. A duplex represents a triple WIN!
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The major factor in paying your mortgage off early is prioritization of limited resources- your income. You already have a mortgage payment and hopefully, you are contributing to a 401-K plan and if you can afford it a IRA plan. If you have children you may be contributing to a 529-Plan. With above expenditures and more, only a few can afford to pay a mortgage off early. But maybe, you ...
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I came from a family that never read The Wall Street Journal and did NOT talk about the stock market over dinner. We did, however, play Monopoly. An inexpensive game I credit with introducing me to real-world financial literacy. It was up to me to continue building on that education
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Once you decide to make an offer, the negotiation starts and is completed when you close on the property. Closing usually occurs 45 days after you sign the contract (faster if paying cash). After making an offer, you have more work to protect yourself and have zero surprises after final closure. Once you close, YOU OWN THE GOOD AND THE BAD!
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Every for-profit business requires positive Net Operating Income (NOI), including your rental property business. This calculation is used to analyze the profitability of income-generating real estate investments and equals all revenue from the property, minus all necessary operating expenses, excluding mortgage payments.
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There is no doubt that COVID-19 has caused an economic crisis in our country. However, it has not affected some parts of the country in the same ways that it has affected others.
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Recruiting an “A” team is key to achieving financial success investing in real estate. This team is spending your HARD-EARNED SAVINGS and you want not a good but a great return on investment dollars!
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To achieve financial success in real estate investing you need the same focus in selecting your team as a successful college sports team coach recruiting athletes. Your real estate team includes: Property Manager; Successful Investment Real Estate Owners; Real Estate Agents; Home Inspector; Home Appraiser; Title Insurance Officer; Real Estate Attorney; Mortgage Lenders; and Contractors. Today’s blog focuses on finding a GREAT Property Manager rather than just an ok or good one. The first step – ...
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The main downside of buying a rental has always been its management. Someone has to deal with the ugly three Ts: Tenants, toilets, and trash.
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