It is the way the property is used that determines the type of property it is, not what it looks like. Based on the intent of the owner, the property could be a principal residence, income property, investment property or dealer property. A principal residence is a home that a person lives in. There canContinue reading “What kind of properties are these?”
Monthly Archives: February 2020
Why Put More Down
The least amount in a down payment is an attractive option when people are thinking of buying a home. A common reason is to have cash available for furnishing the new home and possible unexpected expenses. Some people don’t have any options because they only have enough for a minimum down payment and the closingContinue reading “Why Put More Down”
5 Home Repairs You Should Never DIY (and How Much to Pay for Them)
5 Home Repairs You Should Never DIY (and How Much to Pay for Them) By Ray Flynn diyguys.net Whether you’re confident with your DIY skills or you’re a total beginner, when you see someone online tackle a home project, it’s easy to think you can handle the same job on your own. InContinue reading “5 Home Repairs You Should Never DIY (and How Much to Pay for Them)”
Financing Home Improvements
Home improvement loans provide a source of funds for owners to finance the improvements they want to make. These are usually, personal installment loans that are not collateralized by the home itself. Since there is more risk for the lender with this type of loan, the interest rate is higher than a normal mortgage loan.Continue reading “Financing Home Improvements”
House-Hacking Rental Property
House-hacking refers to buying a multifamily property on an owner-occupied mortgage, living in one unit and renting the others. If you’re thinking about becoming a rental mogul, starting early is an advantage. Not only will you have longer to accumulate a larger portfolio, you can increase the leverage on the first acquisitions if they areContinue reading “House-Hacking Rental Property”