Q: I’m considering private mortgage insurance (PMI) on the new home I want to buy. Is this a good idea, and do I need PMI? A: PMI is an extra fee that you pay every month with your mortgage. It is designed to keep the lender safe if you default on the home loan. You… Continue reading Just Say No To Private Mortgage Insurance (PMI)
Category: Real Estate Investing
8 Creative Financing Ideas For Real Estate Investors
Buying commercial property can be challenging. The properties can be costly, and you’ll usually need a down payment of at least 35%. Fortunately, there are many opportunities to fund commercial real estate creatively. Always remember that commercial real estate owners are business people. Everything is negotiable. You might be surprised by what a seller is… Continue reading 8 Creative Financing Ideas For Real Estate Investors
Practical Tips For First Time Home Buyers
The decision to go from renter to homeowner is a big one. When you own your own home, there are a lot of responsibilities, but there are also a lot of benefits. Buying a home for the first time can be intimidating. The reason it’s daunting is because, for most individuals, it’s the single largest… Continue reading Practical Tips For First Time Home Buyers
Should Apartment Owners Appeal Their Property Taxes?
Property taxes are one of apartment owners’ most significant line item costs. However, many owners do not appeal effectively. Even though owners realize that property taxes can be managed and reduced through an appeal, some view taxes as an arbitrary estimate provided by the government that can’t effectively be appealed. It tends to boil down… Continue reading Should Apartment Owners Appeal Their Property Taxes?
Is Cost Segregation Right For You?
Tax savings through cost segregation are no longer out of reach for small- and medium-sized property investors. With appraiser expertise, fees for analysis are often one-third to one-half lower than those charged by traditional preparers. Several years ago, a definitive court case ruled that tangible personal property included in an acquisition or overall costs should… Continue reading Is Cost Segregation Right For You?
Does A Home Warranty Make Sense?
HOW TO BENEFIT FROM A HOME WARRANTY PLAN Q: I am considering a home warranty plan but am unsure if the cost is worth it. What are the benefits of a home warranty plan? A: A home warranty plan protects you from unexpected house repairs. Although plans vary, they frequently cover appliances, plumbing issues, ductwork,… Continue reading Does A Home Warranty Make Sense?
Did You Budget For Closing Fees?
You probably spent much time getting disciplined to save money for your home purchase. You must carry this financial discipline through the escrow period, or you could encounter problems. Budget for Closing Costs – Property Taxes, Legal Fees, and Such When you decided to purchase a home, you went through several steps to get your… Continue reading Did You Budget For Closing Fees?
Rental Real Estate Tax Deductions Explained
As a landlord, you will want to ensure you take advantage of all the tax benefits you can receive by owning a property. There are many other deductions than just the obvious ones. Expenses incurred to cancel a lease, reimbursements to renters for expenses they have incurred, and many others exist. Make sure you are… Continue reading Rental Real Estate Tax Deductions Explained
11 Things To Look For When Choosing An Insurance Agent
Chances are, at some point in your life, you’re likely to want the services of an insurance agent. Homeowners, auto, health, disability, and life insurance can prevent financial disaster due to a crisis. A good insurance agent can help you protect one of your greatest assets: your money. How do you find an exceptional insurance… Continue reading 11 Things To Look For When Choosing An Insurance Agent
Is There Such A Thing As Good Debt?
We’re usually led to believe that debt is terrible. Carrying a large load of credit card debt didn’t happen a few generations ago. Older individuals might say, “If you can’t afford it, don’t buy it.” That’s usually good advice. It isn’t a good idea to carry a lot of credit card debt, but sometimes debt… Continue reading Is There Such A Thing As Good Debt?