Instead of selling your residence to buy another home, you can decide not to sell your residence and convert it into a rental property. In this case, the next home you buy and live in again will qualify you for the lowest owner-occupied loan rate. This approach also makes it easier to fix the rental…
Category: Real Estate
How’s Boston going, how’s the nation going?
According to the S&P/Case-Shiller US National Home Price Index, there isn’t much good news in the housing market. But they make an interesting observation: “During this cycle, Boston was the first metropolitan area to report negative returns year-over-year, back in April 2006. In June 2007, Boston showed an improvement in its annual rate of decline…
How to make paper discounts
paper discount I am repeatedly asked how to discount paper. Many people think of it as some magical system used to discount a note or mortgage at a specified yield, but it’s actually quite simple if you have the right tools. Below I will show you step by step how to discount a bill using…
Why do you need title insurance?
If you’ve ever bought a home through a real estate agent and with a mortgage, then you’ve seen a title compromise. This is a “certificate of health” from a title insurance company, telling you who owns the property you are buying and any liens, mortgages, or liens on the property. It is essential that you…
Chelsea MI Real Estate: Need to sell your home or want to buy one?
Chelsea, MI real estate listings have a lot to offer prospective homeowners. Located east of Battle Creek and west of Ann Arbor and Detroit, there are several homes in the area for less than $150,000. “Affordable” is a word you’ll often see in advertisements. Until recently, Chelsea was not a city, but a town under…
Are Zero-Day Inspections the Business Killers in REO Investing?
Typically, a real estate buyer had the seller give them an inspection period where the buyer will have a professional inspect the property to see if there is anything they missed. These inspections are very inexpensive insurance for the buyer and should always be done when purchasing a personal residence. For investors, inspections are just…
Kent Sayre Unstoppable Marketing – Review – Is this a legit opportunity?
Kent Sayre Unstoppable Marketing is based in Portland, Oregon and is led by Kent Sayre. The home based business offered by Kent Sayre is a Marketing System designed for working from home. In a recent sales letter received from the Kent office, some of the letter’s quotes included: 1. “…this does not involve network marketing…”…
Everything you need to know about a general insurance policy
You may be wondering why you need a general insurance policy when you already have auto and home insurance, but as your income and assets grow, you need more protection for them. General insurance is a form of coverage that complements all other policies. The main objective of this policy is to safeguard your personal…
Homes in Foreclosure – Strategies to Minimize the Financial and Credit Impact
The number of homes in foreclosure is estimated to hit nearly 11 million by the end of 2011. A recent article in Bloomberg Business Week states that nearly 3 million homes were foreclosed on in 2008, with another 4 million default notices served during 2009. Current estimates predict that another 4 million homeowners will be…
How to Calculate the Intrinsic Value of Stocks Like Warren Buffett
One of the most sought after calculations in all investing is Warren Buffett’s intrinsic value formula. Although it may seem elusive to most, to anyone who has studied Buffett’s Columbia business professor Benjamin Graham, the calculus becomes more obvious. Remember that the intrinsic value formula that Buffett uses is an embellishment of Graham’s ideas and…