House hacking involves purchasing amultifamily home, residing in one unit, and renting out the others. For instance, if you buy a duplex, triplex, or quadplex, you would live in one unit, while tenants would rent the remaining one, two, or three units. ...
Condo ownership generally comes with many of the same financial obligations as owning a home, like property taxes and utilities. You’ll also have to pay monthly maintenance fees for as long as you own your unit. Should you buy a condo or a house? Before wading too deep into the details...
3P Models not recommended for 3P use: Free Zip 3P, Triplex Zip,*** Notes on non-recommended models: *Plex Solo Classic and Altaplex Classic exist in a no-man’s land of weight and livability. They just don’t offer enough weight savings to justify themselves against the livability boost...
House flipping is a form of real estate investing where you buy a property, improve it, and then quickly sell it for a profit. The strategy behind it is to buy a home that’s distressed, undergoing foreclosure, or undervalued for other reasons. After purchasing the home, you make the rep...
Exploring lease-to-own or rent-to-own agreements can also be a viable financing option. These agreements allow you to rent a property with the option to buy it at a predetermined price and terms in the future. During the rental period, a portion of your rent payments may be allocated tow...
or perhaps a small multi-family complex like a duplex or triplex. Many investors mistake this business model as being “passive” because it’s easy to imagine the strategy playing out perfectly. After all, you simply buy a piece of property, rent it out, and then collect the checks every...
Check out my “millionaire to-do list” below and then create one for yourself. It doesn’t have to be much, just make sure it’s realistic so you’ll actually go through with it. Then review it every once in a while to remind yourself WHY you’re saving so much more than all all...
A local agent can help you stay competitive on a budget. They’ll help you get an edge without stretching your finances. Talk with a local agent
As much as we would want to believe that opening our Fridge and seeing our preferred wine bottles is the nicest part of our day, there comes a moment when you need to give up and buy yourself a dedicated cooler. My recommendation for a first wine cooler is asmall bottle fridge, also ...
Inspired by Harriet Tubman, he initially set out to help 300 people buy their first multifamily home; since that is how many people she freed over the course of a decade by making 19 trips below the Mason-Dixon Line. Harriet Tubman was the #1 conductor on the Underground Railroad and we...