I don't plan tobuy a rental propertyfor the main purpose of renting it out. I'm also not just going to buy any property. The property has to be something I really enjoy where rent can immediately cover the mortgage and taxes just in case something happens. The new property is where I...
Note: Numbers being used are solely to illustrate the math and are not actual numbers. All equations should be run off actual property numbers and never estimated. Also, $100,000 buying five properties does not take into consideration closing costs with the lender and other expenses to buy the...
Originally I was a little wary of the bank giving me more money than I assumed. But I took them up on the offer by only putting 20% down. I used the extra money to pay down my other rental property mortgage at 3.375% for an annual savings of $1,750. Always maximize your financial...
Often, a business moves to a different location, perhaps a bigger one, to access a new market, because of better leasing/rental terms, or for other reasons. While the motive for a move depends on the company in question, certain key considerations and administrative updates apply to most sit...
The value of leverage can best be demonstrated using a graph that depicts when and by how much ROI increases as leverage increases. In order to build that graph, we need an example property to work with. I’m going to assume a rental property that generates 2% of its cost in monthly re...
' And that's when I came up with this two year rule. If I could buy a house every two years, if I could just accelerate and bank that savings, bank the extra, and save that towards another down payment. Well, this is something highly replicable in my life....
The avoided worse things, nowadays world war and social meltdown. We survived another weird challenge, but are the worse for it, mostly due to preceding over-amping by the Fed. Further back, I think the 2000-2008 missteps were the biggest ones that put us ...