Most contracts between landlords and tenants include clauses about breaking a lease. In many cases, it’s possible to break a lease, but it’s going to cost you a pretty penny to do so (unless you have a very generous, forgiving landlord and/or a lot of advance notice, allowing them to fill the home with new tenants prior to your departure). If you’ve considered breaking a lease, your first step should always be thoroughly reviewing your lease contract to see what penalties (financial, legal) may be involved. You should also read your state’s … [Read more...] about Should You Ever Break Your Home Lease Early?
Most investors know the value of diversifying their portfolios, but few investors have access to the same assortment of options that mega-wealthy investors pour money into, such as multi-million dollar real estate projects and structures. For instance, Real Estate Investment Trusts (REIT) are popular options for investors who have a high net worth because the long-term capital appreciation on the properties frequently outpaces other types of investments (and is generally less volatile than investing purely in stocks). Until recently, … [Read more...] about DiversyFund Review – Buy Shares of Multi-Family Real Estate
In the past, young adults were encouraged to buy a starter home before moving on to bigger and better homes for themselves and their growing families. Nowadays, it seems that starter homes are no longer than good investments they once were, due to a variety of factors ranging from rapid appreciation rates, consumer demand overwhelming supply, and changing family/mobility patterns among 20/30-somethings. Like many people, you likely grew up with the understanding that buying a home is an essential ingredient to achieving the American Dream … [Read more...] about Top 4 Reasons Why You Should Skip Buying a Starter Home
Purchasing your first home is a formidable life opportunity, but also a major undertaking that requires the utmost caution. Between finding the perfect property and dealing with lenders and mortgage applications, first-time homebuyers often commit lapses that can prove costly and harmful down the road. As with any investment, it does come with its fair share of risk, for those who do not pay attention to the fine prints. In case you’re looking to acquire the first property, we’ve compiled 8 of the most common mistakes to avoid for a … [Read more...] about 8 Mistakes to Avoid When Buying Your First Home
It’s no wonder home ownership is such a desirable attainment in the U.S. – there are too many benefits to owning your own home as opposed to leasing your primary residence from a landlord. For instance, tenants continuously pay rent, month after month, without ever seeing that money again. On the flip side, home ownership allows you to build equity – the value of what you truly own – over time, until you either sell the property (hopefully for a higher price than what you initially paid) or pay off your mortgage loan and own the property … [Read more...] about Review of the Figure Home Equity Line of Credit
According to Mother Jones, the median income for Millennials has decreased by 10% since 2000 while average home prices have increased significantly from where they were in 2000. This massive gap is caused by a combination of stagnant (or even deflated) wages and a housing market roaring back to life after the 2008 era crash. It is often preventing many people under 35 from being able to purchase their own homes. Student loan debt isn't helping either. But, should you consider saving for a down payment and buying a house with student … [Read more...] about Can You Save for a Mortgage Down Payment With Student Loan Debt?