Before you submit a real estate offer, you should be already preapproved for a mortgage. Getting preapproved for a mortgage is now the bare minimum in a strong real estate market where bidding wars are common. Sellers won’t want to waste their time with potential buyers who are not preapproved. During a soft real estate […]
How To Get Preapproved For A Mortgage And Why It’s So Important Read More »
If you want to pay all cash for a property but don’t have all cash, one way is through a no-financing contingency offer. A no-financing contingency offer is a way to pay all cash for a property without actually having all cash. From the buyer’s point of view, making a no-financing contingency offer is like
Looking for real estate buying strategies during COVID-19? You’ve come to the right place. The desire to buy real estate during COVID-19 is heating up. However, buying real estate during COVID-19 has also never been trickier. Take a look at how strong the Mortgage-Purchase Applications rebounded in May 2020. Demand for real estate is now
Real Estate Buying Strategies During The COVID-19 Pandemic Read More »
This post will discuss what type of investment property to buy in order to maximize investment returns. Buying rental properties today is one of my favorite investments because inflation is picking up as the economy reopens. Inflation whittles down the real cost of a mortgage while boosting the value of your real estate. For years,
What Type Of Investment Property To Buy? Single Family Home, Condo, or Multi-Unit Read More »
If you want to raise better adjusted kids, you probably want to practice some level of stealth wealth. Stealth wealth helps so that they don’t grow up spoiled and unable to recognize prosperity. This article provides a stealth wealth solution for real estate investors with kids. A couple readers have pointed out that I was
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If you want to achieve financial independence, you need to get your housing expenses under control. This article will provide a housing expense guideline to help you achieve financial freedom sooner, rather than later. Financial Samurai began in 2009 and is one of the top independently-owned personal finance sites today with over 1 million visitors
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Over the years, many people have inquired whether they should invest in a 401k or save for a downpayment. A home, after all, is usually the most expensive asset someone will buy in their lifetimes. Coming up with the downpayment is one of the biggest financial hurdles anybody can overcome. Furthermore, nobody wants to remain in a rental if
Invest In A 401k Or Save For A Downpayment? Both Are Good Options Read More »
If you plan to invest in real estate, there’s a key real estate investing rule you should follow. It’s called Buy Utility, Rent Luxury or BURL for short. Using the BURL method, you increase your chances of making a higher return on your real estate investment while also maximizing your capital for a better lifestyle.
The Real Estate Investing Rule To Follow: Buy Utility, Rent Luxury Read More »
There’s a lot of debate on whether it’s better to rent or own. If you are a renter, I’m sorry to say the return on rent is always negative 100%. You get a place to stay for your rent. But there is no potential financial return on rent as opposed to owning. After years of
The Return On Rent Is Always Negative 100%: How To Live For Free Read More »
I’ve been a fan of real estate for most of my adult life. Over the years I’ve learned some important real estate investment mistakes every investor should avoid that I share below. I follow my local real estate market like a hawk and regularly go to open houses to monitor comps and search for new
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