Real estate, mortgage, and investment property
I read this article in the NY Times yesterday, and I have to say I come down pretty strongly on the need to keep housing down payments high. The arguments made by Professor Roberto G. Quercia clearly demonstrate that data supports the notion that certain groups who cannot afford to put a down payment on a house …
20% Down? The Changing Landscape of Down Payment Rules Read More »
I know. I know. Everyone says that the thirty year, fixed rate mortgage is sitting at historic lows, and I agree that is true. Heck I re-financed last year just like many of you. I just think that based on other historical norms, the rate should be lower. According to a recently posted discussion over …
Why is the Thirty-Year Fixed-Rate Mortgage Still so Expensive? Read More »
What an exciting day! Today is the day I win the $550 million dollar Powerball lottery. I know I know it's a completely imprudent purchase and HIGHLY unlikely event, but really the dreams you get to dream are well worth a small outlay of your play money in my humble opinion. What'll I do if …
I last refinanced my mortgage in July 2010. Back then I was trying to reduce my rate from 5% AND get out of escrow. I was extremely successful and garnered a nice 4.375% 30 year fixed mortgage. I thought I was done, but rates continued to fall. I started playing with a mortgage calculator and …
PropertyPeers is a new website promising to create a platform to allow individuals to presumably invest in real estate opportunities in small amts. The link above goes to the invitation page as the site is not yet launched. I'm excited about the opportunity though. It's a great idea as long as it can avoid some …
I still really, really feel good about buying investment property right now. My searches continue to show more and more properties falling into my price range AND there are lots of price reductions. With these market conditions and the awareness that the low interest rates won’t last forever, I am certainly motivated. However, due to …
photo © 2007 Scott Maxwell | more info (via: Wylio)One of the options you have as a property investor is to buy the property by yourself and take all the risk and reward or partner with one or more individuals. Now that I’ve decided I want to focus on ROI with a cashflow neutral approach, …
photo © 2008 Jeff Turner | more info (via: Wylio)It’s been about a month since I started searching for my first investment property. At present, there are about 60 real estate listings that meet my basic criteria of being a modestly priced condo or townhouse close to a college campus. That’s a lot of listings …
photo © 2009 Robert Fairchild | more info (via: Wylio)Welcome back to my ongoing saga of learning about investment property. When you’re thinking about puchasing property for investment purposes one of the first questions to ask yourself is “what kind of investor do I want to be?” There are basically 3 types: Fix and Flippers …
photo © 2009 Rich Brooks | more info (via: Wylio)I’ll be honest. Investment property is a new area for me. I have bought 3 homes and sold 2, but those were all my primary residences at the time. The closest I’ve ever come to investment property was being a tenant during my college years. Given …
