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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In 2019, I started a financial literacy blog to share my life lessons on building wealth. I'm now transitioning to add a podcast for those who enjoy listening versus reading. The goal here is to help you improve your financial and investment knowledge, make better decisions than I did in my younger days, and, most importantly, acquire financial freedom.
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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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Now is the time to build your financial literacy so you can in the near future successfully invest and close your own wealth gap. Investing in the stock market is not reserved for the wealthy, or those with fancy degrees and titles.
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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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Find an agent that is experienced in rental properties. She or he know what a good deal is and what is a waste of time. A seasoned real estate professional will save you time, errors and money!
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INVESTMENT RENTAL PROPERTIES CAN MAKE YOU A MILLIONAIRE! Good news - there are great investment properties out there, you just need to find one. Here are five key steps to finding that great investment property:First find a Great Location Show Your Ability to Pay for the PropertyIdentify the Type of Property and How Much You Want to SpendHire the Right Real Estate AgentInternal Rate of Return >10% FIRST FIND ...
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