Step 1: Renting vs Selling - Analyze Your Situation
So you’re at the point where you are not sure what to do with your house. You are in a scenario where you either cannot afford the monthly mortgage payment or where you have to move, but your house is now worth less than your mortgage balance. What do you do? Let’s take a look to see if renting out your property would be a smart move. (more…)
Introduction - Economic Overview
This article is aimed at anyone who has bought a house in the past few years.
If you thought the 2007 real estate market was bad, what do you think of 2008? Forget about just the real estate market, what about the whole 2008 economy! Even Alan Greenspan admits that there were errors1 on the Fed’s part in regards to the current housing downturn and credit crisis. If we had just paid a little bit more attention to what Warren Buffet and Charlie Munger2 said in 2005, “he and Munger issued stern new warnings about the residential real estate ‘bubble’” and “the destabilizing effect of hedge funds on the financial markets.” (more…)
Well, I guess that is one way to “seperate” the assets. (more…)
According to an article from Realtor.org,
for-rent housing units reached 2.063 million in the second quarter, as owners who were unable to sell put places up for rent.
More home owners are facing the harsh reality that their house is not worth what it was 1, 2 or even 3 years ago. Becoming a landlord and renting out the property becomes a very attractive option when a person is faced with the possibility of losing tens of thousands of dollars on a sale right now.
Furthermore, if you need help finding a tenant for a rental vacancy, please post a FREE for rent ad.
This is a very useful site that allows parents to link their child’s 529 plan to friends and family. Freshmanfund.com allows parents to make a public profile in which they can email friends and family to make gifts to your child’s 529. Great for birthday and holiday gifts!
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