Real Estate

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Resist The Temptation To Do A Cash-Out Refinance As Rates Collapse

Resist The Temptation To Do A Cash-Out Refinance As Rates Collapse

With record-high home equity and declining mortgage rates, the temptation to do a cash-out refinance is growing. I’ve certainly considered it myself. However, after careful reflection, my conclusion is that it’s probably not the best move. Having written about refinancing since 2009, I’ve seen too many unfortunate cases where people took out a Home Equity

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Maximizing Real Estate Returns In A Multi-Year Rate Cut Environment

Maximizing Real Estate Returns In A Multi-Year Rate Cut Environment

At long last, the time has finally come for the Fed to begin cutting rates in September. As a result, real estate investors will likely benefit from a tailwind over the next couple of years, after a rough prior two years. Mortgage rates peaked in October 2023 but rose again from December 2023 through April

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Rental Property Maintenance With Your Kids Solves Two Problems

Rental Property Maintenance With Your Kids Solves Two Problems

If you’re a real estate investor with children, you may face two significant challenges. The first challenge is holding onto your rental property for as long as possible. You understand that the longer you own real estate and stocks, the more likely you are to build wealth. However, as you grow older and wealthier, your

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Proof The Real Estate Industry Is Finally Lowering Commissions

Proof The Real Estate Industry Is Finally Lowering Commissions

I recently received an email from an agent at Sotheby’s, a prominent real estate brokerage with 1,115 offices located in 84 countries and territories worldwide, and I thought it was worth sharing. The email likely originated from Sotheby’s senior management and was then distributed to agents, who could choose to send it to their prospective

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The Latest Personal Finance News for August 2024

The Latest Personal Finance News for August 2024

Here’s the latest personal finance news, how it may impact your financial plan and what you can do to maintain your financial well-being. Department of Education Pauses Payments for 8 Million Borrowers Shortly after the Saving on a Valuable Education (SAVE) plan was set to expand, the Biden administration has paused payments for the 8

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Commercial realtors cite capital gains tax as reason for last month’s record sales

Commercial realtors cite capital gains tax as reason for last month’s record sales

Changes prompted a wave of asset sales as owners rushed to divest before the new tax implications took hold https://financialpost.com/real-estate/property-post/capital-gains-tax-record-commercial-real-estate-sales #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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View Your Tenants As Guardians Of Your Rental Property

View Your Tenants As Guardians Of Your Rental Property

If you have a rental property that is generating positive cash flow and is expected to appreciate in value over time, then you must hold onto it for as long as possible. The problem, however, is you might have tenant issues that make you want to sell. Being a landlord is not for everyone. After

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Don’t Sell Your Rental Property If You Don’t Have To

Don’t Sell Your Rental Property If You Don’t Have To

If you own a rental property and are thinking of selling, don’t do it unless you absolutely have to. To build great wealth, aim to own your rental property for as long as possible. As fate would have it, my great tenants of two years and two months gave me their 30-day notice while I

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Buy The Dream Home Now Or Wait For A Better Price

Buy The Dream Home Now Or Wait For A Better Price

A large part of building wealth involves delaying gratification. Therefore, you might find yourself wondering whether to buy your dream home now or wait for a better price. But what if you wait too long and your dream home disappears forever? You might end up kicking yourself later for trying to save money when you

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The Perfect House To Raise A Family In A Big City

The Perfect House To Raise A Family In A Big City

Since 1999, I’ve been climbing up the property ladder to find the perfect house in a big city. What I’ve realized is that there’s no such thing as the perfect house. There’s a good-enough house or an almost-perfect house, but there’s always at least one or two things missing to make a house ideal. Additionally,

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More young Canadians want homes and pets over marriage and kids, survey says

More young Canadians want homes and pets over marriage and kids, survey says

61% of Gen Z respondents would choose pets over children https://financialpost.com/personal-finance/young-canadians-homes-pets-over-marriage-kids #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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How Homeowners And Renters See The Economy Differently

How Homeowners And Renters See The Economy Differently

It’s fascinating how two people can interpret a single image so differently. The same holds true for how homeowners and renters perceive the current economy. According to all the data, it’s clear that the economy is robust. However, the degree of its strength depends on whom you ask. The rent versus buy debate has raged

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The Intricate Psychology Of Paying All Cash For A Home

The Intricate Psychology Of Paying All Cash For A Home

I’ve now paid cash for a home twice: once for a fixer in 2019 and again for a fully remodeled home in 2023. In this post, I’d like to share some of the psychology of paying cash for a home. I know some of you think paying cash for a home is a poor financial

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Analyzing Home Price Dynamics: A Guide To Smarter Purchases

Analyzing Home Price Dynamics: A Guide To Smarter Purchases

Understanding how home prices fluctuate over time is one of the most intriguing insights gleaned from my post on the reasons behind property bidding wars. Learning how prices change will empower you to make more informed purchases in the future. I contend that timing the housing market is comparatively simpler than timing the stock market,

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The Latest Personal Finance News for May 2024

The Latest Personal Finance News for May 2024

Here’s the latest personal finance news, how it may impact your financial plan and what you can do to maintain your financial well-being. Biden Administration Announces New Student Loan Forgiveness Plans President Biden has released a new proposal for broad student loan forgiveness, and the public has until May 17 to submit comments. Compared to

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Understanding Why People Get Into Property Bidding Wars

Understanding Why People Get Into Property Bidding Wars

Well folks, as anticipated, bidding wars are back with a vengeance, at least here in San Francisco. If I were a real estate agent, I would never encourage my clients to engage in a bidding war. Winning such a war often leads to what’s known as the “winner’s curse.” This term signifies paying a price

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Don’t Buy A Vacation Property Until After You Have Children

Don’t Buy A Vacation Property Until After You Have Children

Unlike buying a primary residence, where I believe you should buy one as soon as you can afford to, purchasing a vacation property is a different matter. Nobody needs to buy a vacation property; it’s a luxury expense that everyone can do without. Chances are, you won’t use your vacation property enough times a year

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What Is a Real Estate-Owned Property?

What Is a Real Estate-Owned Property?

For most people, buying a home is the largest purchase of their lifetime. Given the high costs of homeownership, it’s natural to look for opportunities to save money. Thankfully, several nontraditional listing options are available to help home buyers purchase a home for less. Real estate-owned (REO) properties are one money-saving option you might consider

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The Latest Personal Finance News for April 2024

The Latest Personal Finance News for April 2024

Here’s the latest personal finance news, how it may impact your financial plan and what you can do to maintain your financial well-being. Landmark Real Estate Settlement Changes Homebuying and Selling In mid-March, the National Association of Realtors (NAR) agreed settle a lawsuit brought by home sellers over agent compensation. The settlement will result in

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