We tend to only come into the ownership of a home after many years of working hard, saving up our money, and searching for the right place to buy. But there are other ways to come into homeownership, too. Take inheriting, for example, during which you’ll end up with a piece of property, but the process of acquiring it will be completely different. You won’t have sunk any capital into the home. You won’t have worked for it. You won’t have chosen it. Yet, it’s yours. So what are your options if … [Read more...] about So You’ve Inherited a House, Now What?
rental property management
The general consensus around money is, don't spend what you don't have. It is the basic rule of life, right? To not use or waste what you cannot replace or that which does not belong to you? That makes sense in some ways, but the financial world is so complex that you shouldn't rely on blanket terms or phrases. In the world of making money the saying usually goes: You have to spend money to make money. Although it's easy to think this only applies to the wealthy, time and time … [Read more...] about Buying Yourself Out of a Financial Hole
Investing in a rental property seems like a good way to put in some work and money up front and ultimately end up with a great passive income stream, and that’s true, it can be. At the same time, too many people go into the process of investing in a rental property somewhat blindly. They don’t realize it requires research and learning some necessary skills and information to be successful in most cases. There are plenty of books and classes that will teach you the basics, and it doesn’t hurt to … [Read more...] about What You Should Know Before Investing in a Rental Property
Are you looking to learn the basic ins and outs of purchasing and managing a rental property? You’ve come to the right place! Class is now in session for Rental Property Management 101. Before you sign your name at the bottom of any legally binding documents, make sure that you’re ready for the challenges that managing rental property can bring. As real estate investor Leonard Baron told Time, “Things may go well with your properties and you might not have too many issues, but that’s the … [Read more...] about Rental Property Management 101