Owning a rental property has its perks. Done right, you can receive a regular revenue stream that covers the mortgage and provides you with a respectable profit each month. Assume you bought a Los Angeles property ten years ago for $400,000. In addition, to the regular income, you were able to take $10,908 annual depreciation [...]
Forbes wrote about Working Smarter Not Harder – What Does it Truly mean? “Work smarter, not harder,” is a phrase many workers have heard throughout their careers. A phrase that often conjures the image of a high-level executive on a beach with a smartphone and cocktail in hand. The phrase touches on an individual’s emotional [...]
Real estate has proven over time to be a great inflation hedge. Investopedia says, “An inflation hedge is an investment that is considered to provide protection against the decreased purchasing power of a currency that results from the loss of its value due to rising prices (inflation). It typically involves investing in an asset that is expected [...]
Have you considered investment property for passive income? You can purchase an investment property strictly for the purpose of generating income. It’s neither your current primary residence nor a vacation home used only by your family. An investment property is usually purchased with the intention of either renting it out or renovating it to [...]
Isn’t that what happens when you come up short on a mortgage payment? Perhaps it is selling your house with only a short time left on your mortgage. Or maybe a garage that is too short to fit the average car. Actually, a Mortgage short sale occurs at the sale of property by a financially distressed [...]
She knows that her retirement goals are unreachable with the low-interest rates available. It’s tough with rates on savings accounts of one to three percent. She had nothing left after taxes and inflation! That’s when she discovered non-performing note investing. She was excited and relieved to learn she can buy non-performing notes at pennies on the [...]
Paige Panzarello specializes in buying non-performing notes at a steep discount from a bank and turning those notes into a profit. Many ask her, “Why Do Banks Sell Their Notes?” The primary reason that banks sell bad notes is to mitigate any risk that implicates the bank. For every loan that is in default, the banks are [...]
What is a deed in lieu of foreclosure? A deed in lieu of foreclosure is a deed instrument in which the borrower conveys all interest in a real property to the lender. It satisfies a loan that is in default and avoids foreclosure proceedings. The deed in lieu of foreclosure offers a parade of advantages [...]
Boomtown, a blog by Joanna Harrison, has some great advice about a real estate investment opportunity. You see, according to Harrison, “America has an aging population. Currently, the median age is 37.8, (up from 30.0 in 1980, and 28.4 in 1970) and the median age of homebuyers is 44. This demographic shift is happening for a [...]
Do you really know what words like average and median mean? Take for example this news story on May 3rd in Los Feliz Ledger. “Southern California real estate sales in February 2018 were down 0.5% from January and up 0.6% from February of the previous year to a total of 15,189 homes or condos sold [...]
