The common scenario is this: purchase a small, starter home and then move after 5 to 10 years into another, much larger home. But is this a prudent move or are there other options? There is one, largely overlooked option, that can have a great financial impact on your finances. The option is to move […]
Real estate
5 Practical, Passive Money Making Ideas
There are many ways to make money that do not involve a lot of ongoing effort, and they are actually practical. Some are easier to implement than others, but all virtually require work up front to get your activity off the ground. Here are five: Rental investments: Thousands of books have been written on this […]
4 Low Risk Ways of Starting Your Real Estate Empire
Real estate investing can be lucrative over the long haul, but most people never even get started except for owning their own home. How can you get starting without taking upon too much risk? Don’t sell your home: It is very common for individuals to purchase their first home with little money down and then […]
Is Your House Really Considered an Asset or Just a Place to Live?
Is your house an asset? Some would say yes, and I am sure that some would say it’s actually a liability. Here are different ways of thinking about your house. Asset: Hopefully your house will appreciate in value over time, but this is not always the case. Because of the often high amount of leverage […]
What is all the Hype About Generating Passive Income? Here are Four Examples
I’m sure that you have seen YouTube commercials about generating passive income while lounging in a pool with your collection of high-end sports cars collecting dust in your oversized garage. Is this really practical and can you really generate massive amounts of passive income? The answer is yes and no . . . Passive income […]
So You Want to Flip Homes?
Buy a house, put in a few improvements, and then sell it for a much higher price. Do it again and again. It sounds so simple, but here are a few pointers to keep in mind if you want to succeed with house flipping: Experience: If your experience in real estate is performing repairs on […]
Don’t Sell Your House
Usually your first house is a “starter” home that you purchased because it fit into your budget at the time. A few years later you then sell your house, move up to a bigger home, and may even repeat this process several more times. But what if you didn’t sell your home and rented it […]
Never Pay Taxes on Your Real Estate Investment
Real estate can be a great investment, especially with all of the tax benefits. You can generally deduct interest, property taxes, repairs, and depreciation. Sometimes, a rental property may even generate a tax loss, while being cash-flow positive. But what happens when you sell your property? If you sell your property as a loss, then […]