Real Estate
The 5 Simple Strategies for Positive Cashflow for Rental Property
When evaluating the financial health of your business, cash flow is a crucial metric to review. As a real estate investor, generating positive cash flow is something you need to keep in mind when focusing on financial management. Cash expenses include everyday expenses as well as financing costs and taxes. If you are looking for a…
See Full Article Here ->What Kind of Mortgage Is Best for You?
Many of our clients tell us that they want to buy a home, but are not sure what kind of loan they should pursue. Given that most lenders offer numerous types of mortgage products, we understand that a prospective homeowner may end up feeling confused. Hence, in order to help clients climb out of this…
See Full Article Here ->Subprime housing market not what it used to be
Not so long ago, lenders gave out mortgages to potential homeowners without doing their due diligence. Often, no down payments or documentation were needed. As a result, the global economy suffered and the housing market crashed. There was the Adjustable Rate mortgage (ARM) with a low interest rate for a couple of years – then…
See Full Article Here ->Home Repos Up Sharply in May
Banks are revving up their efforts to take back homes. In May, according to RealtyTrac, completed foreclosures were up 11 percent from the previous month (38,946 in May vs. 34,997 in April). In addition, it was the first time in five months the total had risen. Foreclosure starts also are on the rise, going up…
See Full Article Here ->The 3% Interest Mortgage Loan May Be a Thing of the Past
According to a recent CNN.com article, the days of too-good-to-be-true mortgage interest rates below four percent will soon be just that. As recently as early May, the rates for a fixed mortgage were at 3.3%, but in the last week of that month they had already escalated to 3.91% (compared to 3.67% at the same…
See Full Article Here ->Housing Prices on the Rise Almost Everywhere
The housing market is showing a great deal of growth these days, and there are a number of studies to support this theory. According to FHFA (Federal Housing Finance Agency) pricing data the price of homes across the country rose 6.7% when compared to the same period of time in 2012 (source). These numbers are…
See Full Article Here ->Fewer Vacancies and Higher Demand Means Big Profits for Landlords
If you’re planning to rent a home in the near future, you may wish you could turn back the clock a few years to the time when the recession was at its peak. During that period, it was unquestionably a renter’s market. The nation’s rental-vacancy rate swelled to 8%, and landlords were scrambling to fill…
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