What is earnest money? How much do you need? How do you make sure you don’t lose it? This article explores how earnest money works.
Home ownership can be a true joy. The thought of holding your very own keys in your hands and being able to point and say “That’s my house”. That’s until it’s time to pay property taxes. The average property tax in California is $3100 per year whereas in places like New Jersey and Connecticut, it […]
Ask any personal finance expert for advice on becoming financially independent, and the likelihood of you hearing something along the line of, “Consider creating multiple sources of income” is high. Because let’s face it, it’s almost impossible to achieve financial freedom without having a healthy cash flow. And having multiple sources of (passive) income is […]
Many people have all the knowledge and nerve to be investors, but they lack an equally important part: the money. Getting the cash together to get started or to expand in real estate can be very difficult, especially when you’re young. Once you overcome that startup hump, you’re in business, but what a hump it […]
Most investors wait until they’re in their forties, fifties, or sixties to begin capitalizing on real estate. While there is nothing wrong with investing at those ages, there is an underlying belief among many young folks that it is not possible to participate in the real estate business until a later age. This just isn’t […]
Most financial advisers, television shows about money, and even colleges teach people to invest money in the stock market. Real estate is rarely mentioned as a vehicle to invest your money, except when buying a personal residence rather than renting one. I feel investing in real estate with rental properties is one of the best […]
Welcome to the next installment in our young millionaire series. Today I have the pleasure of chatting with Josh Simon. Josh is a 28 year old commercial real estate investor based in Scottsdale, AZ. He got his real estate license and did his first deal when he was 18. He continued doing real estate deals while he graduated […]
Getting started investing in real estate in college is a great way to build wealth, but you need to be smart about your housing and tactics.
It is wise to consider investing in real estate. With this sudden surge in the buying market, an investor can make a serious return on his or her investment. Furthermore, when compared to stocks, a person will not see the day-to-day fluctuations that frustrate the stock trade investors. Sadly, many new investors lose a lot […]
Your mortgage is your key to owning your own home at some point. As long as you are paying your mortgage every month, you are able to maintain ownership of your property. The problem is your finances might have changed at some point and you will not have the ability to pay your mortgage. Even […]
Real estate has long been one of the most popular methods for wealth generation. Most people consider their primary residence a substantial investment. Some folks have chosen to “flip” houses by buying homes in need of repair, repairing them, and then selling them for a profit. Others have chosen to become landlords and bought one […]
Today I wanted to share with you the story of Alex Genadinik, an original dot-com millionaire who lost a lot but made it back in other ways. At 32, he was just 20 when the bubble burst, but that was enough time for him to have made money investing. That gave him a little bit of […]
I’m really excited to share with you this week’s Better Know a Young Entrepreneur. Why? This week is a completely unique story of rising from tragedy to success. As you know, I’ve been sitting down and talking with young entrepreneurs about what they’ve done, how they did it, and what lessons they learned that they can […]
This is a guest post from Dominique Brown, a financial planner and personal finance blogger who writes at Your Finances Simplified. “Buyer’s market” is perhaps the best phrase to describe the housing and mortgage markets today. If you are buying a home today, you will be able to take advantage of low interest rates and […]