An Investment Property is a property that was solely bought for the purpose of generating income for the buyer. These are most common for people who make renting, reselling, and leasing out properties an active means of income – this is the way they get money for needs, wants and everyday life. Getting into buying [...]
One of the soundest investments that anyone can make is real estate. If you look into it, all investment opportunities such as business stakes, stocks, insurance and premiums, and the like have the risk of depreciating in marketability and value. Real estate, however, does not, it’s widely known as a commodity whose value doesn’t go [...]
Taxes, when explained to the common man, is usually packaged as the price we pay to be able to co-exist in a society. Taxes are government-collected fees for different products and services consumed by the people that help the government run the country – subsidize the development of all government sectors be it education, agriculture, [...]
Like most of our major transactions such as buying a car, receiving payment for services, and the like, purchasing a house or any piece of real estate comes with a contract that serves as a memorandum of agreement between the home buyer and the real estate company or the bank. Typically called a Purchase and [...]
With the rising prices of properties and other assets in the country, it is almost impossible to acquire a property for yourself without any outsourced assistance with funding. At the rate of inflation between the 1900s up to now, purchasing a property that usually takes a blue-collar worker 5-10 years worth of saving will now [...]
Your credit score plays a big role in your home ownership goal, especially if you do not have the funds to pay for a home in cash. Realistically speaking, only the top 10% of society can financially achieve this. And if you can’t afford to pay in cash, this is where mortgages come in. Applying [...]
With inflation at an all-time high, compared to how it was 3 decades ago and several other factors such as political and cultural atmospheres, it cannot be denied that one of the three basic human needs - shelter - is becoming harder and harder to acquire. If you ask your parents or grandparents, most likely [...]
Buying a house can be an overwhelming experience, especially for first-time homebuyers. One of the important things within the process is escrow. However, not all homebuyers understand the concept of escrow, but most have just accepted it as part of their real estate transaction. An escrow is basically a legal arrangement wherein a third party [...]
Thinking about investing? Most people immediately jump to and think about stocks or bonds—and for good reason. Investing in stocks or bonds is a great investment, but there are other ways to invest, including real estate. Although it seems like a very complex transaction, Investing in real estate can be one of the most lucrative [...]
If you are familiar with the real estate market you know that not all houses are created equal. Although they are in the same neighborhood or have the same size or the same number of beds and baths some houses will sell for more or some will sell for less. If you are selling your [...]
