Author Archive

A New Way To Play The World’s Oldest Wealth Builder

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When I was a teenager my parents handed me a copy of a book called The Wealthy Barber. The book itself was not earth shattering by any means, but it introduced me to a concept that forever changed my life.

 That concept was the power of compound interest, which Albert Einstein once called “the eighth wonder of the world.”
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10 Best-Kept Secrets for Selling your Home

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These tricks of the trade from HGTV.com will help you get top dollar when selling your home…

Selling Secret #10: Pricing it right
Find out what your home is worth, then shave 15 to 20 percent off the price. You’ll be stampeded by buyers with multiple bids — even in the worst markets — and they’ll bid up the price over what it’s worth. It takes real courage and most sellers just don’t want to ...

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Are you Paying Too much for your Mortgage?

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Are you shopping for mortgages and comparing them to see which one is the better deal? Were you offered a higher-priced mortgage? How can you even tell?

 

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7 of the Biggest Turn-Offs

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Home sellers in hot real-estate markets — where there’s not enough for-sale inventory for the number of people who want to buy — may not feel compelled to go all out in preparing their home before listing. And they may not need to, given the reduced competition.

But they still should do the minimum: Keep the house free of common issues that send prospective buyers running for the doors, said Brendon DeSimone, a real-estate agent licensed in New York and California. ...

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US Home Prices Rose at Solid Pace in January

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WASHINGTON (AP) — U.S. home prices rose in January after three months of declines as a tight supply of properties likely supported prices despite slower sales.

Real estate data provider CoreLogic said Tuesday that prices rose 0.9 percent in January after dipping 0.1 percent in December. Over the past 12 months, home prices have risen 12 percent, the biggest year-over-year gain in more than eight years.

Such outsize price gains might not continue ...

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Extra Income from Real Estate!

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Many retirees are fed up with the paltry returns they get from bonds, the insulting interest rates paid by banks and the frenetic fits of the stock market. Owning and renting real estate may be a reasonable investment alternative that can bring in extra cash for people who are no longer working. If you play it right, you can generate a regular, unending stream of monthly income. And we all know: Rents never go anywhere but up.

Today, close to 10 ...

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Smart Alternatives to putting 20% down.

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If you’re buying a home, conventional practice means putting 20 percent down. But did you know that’s not the only way?

When you started researching what it takes to buy a home, you probably came face-to-face with one number over and over again: 20 percent. Traditionally, that’s how much was needed to buy a home.

These days, there are a number of alternatives to the 20 percent down payment, with some options requiring down payments of 3 to 5 ...

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2 Simple Math Formulas You Need to Become a Successful Landlord

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2 Simple Math Formulas You Need to Become a Successful Landlord

 

Source: Life Mental Health.

Rental property can be the ultimate income investment, bestowing all sorts of nifty benefits, such as monthly income, tax advantages, and a profit over the original purchase price on well-maintained properties. Over a span of several years, this can turn into a pretty sweet deal — all for a 30% down payment, and a certain amount of sweat equity.

Before you can get to all the hard work ...

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Home Prices continue to Rise

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Home prices in 20 U.S. cities rose in October from a year ago by the most in more than seven years, signaling the real-estate rebound will keep bolstering household wealth in 2014.

The S&P/Case-Shiller index of property prices in 20 cities climbed 13.6 percent from October 2012, the biggest 12-month gain since February 2006, after a 13.3 percent increase in the year ended in September, a report from the group showed today in New York. The medianprojection of 22 economists surveyed by Bloomberg called ...

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Year of the Repeat Buyer

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As prices continue rising in the new year—albeit at a slower pace—investors will begin to ease back from the purchase market, but repeat homebuyers will be there to pick up the slack, according to Trulia’s predictions for the housing market in 2014.

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