Can You Stay Home

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One of the first things you have to figure out when you realize that you want to stay home with your kids is whether or not you can afford to do so. You are probably used to living on two incomes, so making the switch to a single income may not be easy. However, it […]


Should I Buy My Teen A Vehicle

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Well, that depends if you’re ready for your teen to become more independent and responsible. It also depends of course on your purse or wallet! Buying a vehicle for your teen is a big leap and presents lots of responsibility for your teen who is either at or approaching the age he or she can […]


Budget For Closing Costs Prepaid Loan Interest And Home Insurance Premiums

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Entering into escrow on a home can be both exciting and stressful. The excitement comes from knowing you are close to moving into the new home. The stress comes from issues that will arise. Budget for Closing Costs – Prepaid Loan Interest and Home Insurance Premiums As part of any closing, you need to go […]


Buy Or Rent

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Should you buy or rent? It depends on your circumstances, and the real estate market where you are going to live. Years ago, I sold a home for a young couple who owed almost as much as the sales price on their house. They needed to take money from savings to pay the closing costs […]


Hiring A Mover Watch Those Hidden Costs

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The impending move is getting closer, but that’s ok, you’re on top of everything. You’ve done your due diligence, researched various movers, received three estimates and have a good idea of your final moving costs. Now it’s time to build all those extra costs into your budget. You will be shocked when you start building […]


About Rental Insurance

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Many renters don’t stop to think about what happens if there is a fire, someone breaks in and steals their new TV or stereo, or a visitor slips and falls on their property. The sad truth is; you will be responsible! While your landlord has insurance that covers the actual building, that coverage does not […]


Flipping Real Estate Calculating Costs

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If you been in the real estate investing business, or more specifically been flipping real estate, for more than a few days, you’ve inevitably gotten an email that reads something like this: “Investor’s Dream. This property will go QUICK. – Property Address: 1234 Main Street – Asking Price: $100,000 (Add or subtract zeros!) – After […]


Flipping Houses Make 30 000 A Month Flipping Real Estate

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Okay, you know the drill: purchase a house below the current market rate, make some repairs and improvements to it, and then turn around and sell [flip] the house to generate big profits. While the concept of flipping houses is nice, the reality is that so much more is involved in flipping real estate. Without […]


Renovate For Real Estate Gains

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A home is so much more than a roof over our heads. It is our largest purchase (unless you like thoroughbreds or really expensive shoes), and almost always a significant portion of our assets at retirement. So when it comes to improving your home through renovations, it’s important to think beyond cosmetic appeal and look […]


Re Locate Or Re Model

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We all realize that it is not the ideal time to try and list your home, but if you are buying in the same area, then your lowered house price will also be reflected when you buy your replacement house. Nothing is lost therefore – or is it? Sometimes we can become aware of the […]


Fix And Flip The Formula

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Making money with a “fix and flip” property is a great way to make money in real estate. However, it isn’t about repairing drywall and planting flowers. It’s all about how you do the numbers. People often buy and sell a fixer-upper without a definite plan. They buy a house, fix it up, then add […]


Budget For Closing Costs Loan Origination Fees And Pmi

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Once you reach an agreement on the purchase of a home, things start moving quickly. In the chaos, it is important to remember to budget for closing costs. Budget for Closing Costs – Loan Origination Fees and PMI Closing costs are fees associated with miscellaneous events associated with a home purchase, things such as property […]


Was That House A Good Investment The Answer May Not Be So Obvious

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I am surprised how many people don’t know the difference between “enterprise value”, which is the sales price of a home (debt plus equity), and “equity value”, which is what is left at the end of the day when you sell your home and pay off the mortgage. In determining whether this was a good […]


Homebuyers Benefit From Tightening Lending Market

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Some good news is knocking at the door of prospective homeowners worried about the recent surge in mortgage rates. The previously booming home- loan industry is undergoing a contraction. In fact, the Mortgage Bankers Association predicts the industry will shrink by 14 percent in 2006. What’s the good news? That means lenders are competing harder […]


Closing Costs When Purchasing A Home

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Buying a home is a financial strain if you are making a sizeable down payment. This can lead to problems if you forget the hard, cold cash you will need for closing. Closing Costs When Purchasing A Home Everybody looking to purchase a home no doubt wonders what the average closing costs will be. It […]


Closing Costs When Buying A Home

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Closing costs are often the last thing a person thinks of when buying a home. While closing is the joyous moment the home becomes yours, the costs can be surprisingly aggravating. When you purchase a home, condo or other property, you will go through a period known as escrow. During escrow, various issues related to […]