Most people envision themselves owning a home eventually, as homeownership often symbolizes freedom and financial security. However, the transition from renting to owning can seem daunting due to the paperwork, savings requirements, and unfamiliar terms involved. While there are valid reasons to continue renting, homeownership offers numerous advantages. Here are some essential tips for first-time […]
What Is a Home Warranty? A home warranty is a service contract that covers the repair and replacement of certain appliances and home systems. Unlike homeowners’ insurance, which covers damage from unexpected events like theft or natural disasters, a home warranty focuses on the inevitable wear and tear of household items. Coverage typically includes appliances, […]
A Seasoned Investors Guide for Investing in Today’s Market Have you been eyeing the real estate market, waiting for the perfect moment to dive in? Well, let me tell you, there’s no time like the present. As someone with 35 years of experience navigating the twists and turns of real estate, I’ve seen markets evolve, […]
I purchased my first home 35-years ago. And since then, I have owned many homes, both primary residences and investment properties. Here is my comprehensive guide to tax-deductible home improvements. Remember, for detailed eligibility criteria and personalized advice, always consult with a tax professional. 1. Energy-Efficient Upgrades: Investing in energy-efficient improvements not only benefits the […]
As a seasoned real estate investor, navigating the financial landscape is akin to sailing the seas. Just as a skilled captain must understand the currents and winds, investors must comprehend the nuances of financial management to successfully navigate the complexities of real estate investment. One valuable framework for achieving this mastery is the concept of […]
You are here for a purpose. I believe that is true of everyone. But every great purpose requires funding. And I have found that most people face the same obstacle when trying to fund their purpose. That obstacle is personal debt. Carrying too much debt can be a heavy, scary beast on your shoulders. Fortunately, […]
Introduction: Real estate investing holds the promise of wealth, passive income, and tax benefits. It has provided me the funding to travel the world, give my children incredible lives, and support causes important to me. But real estate investing is not without its risks. Before diving into this lucrative venture, it’s crucial to lay down […]
Americans are seeking smaller homes. The average size of homes purchased in the past year has dropped 18%, the lowest since 2010. To compensate for the smaller spaces, here are eight features that have become hot among home buyers. 1. Efficient Use of Limited Square Footage: Buyers are seeking to maximize every inch of their home through smart storage spaces, open […]
Women are pulling ahead of men financially in one important way of building wealth: Homeownership. According to a study by LendingTree, single women own 2.7 million more homes than single men. Approximately 13% of these women hold the titles to their homes, while the figure is 10% for men. A home for most people is […]
The Millennial generation, born between 1981 to 1996, has among the lowest homeownership rates since the 1920s. The reasons vary, but the greatest factor has been affordability. The Millennial generation has the highest student loan debt in US history. If you combine that with the high prices and interest rates, it has created the least […]
