It's become fairly common with the dips in housing prices for those who are underwater to walk away from their mortgage, but I just learned that in Chicago, practically in my backyard, banks are beginning to follow suit. Perhaps this isn't news to you, but for me, it's interesting to learn about banks literally abandoning properties. I just read...
I've seen quite a few cool articles lately about using old shipping containers as homes and buildings. With a huge trade imbalance the United States often has left over shipping containers sitting at our ports without a purpose. Therefore many people have taken these excess containers and turned them into buildings, and which is a great solution...
In the land of real estate investing you'll begin to hear a popular term when analyzing income producing property. Capitalization Rates, better known as Cap Rates. Cap rates are a way in determining the rate of return on an investment property. How to Calculate Cap Rates In order to calculate cap rates you'll need two other variables which are: Net...
My First House
So you think you're ready to get a pad for yourself? Buying a house, for many, is the single largest financial decision of their lives so It's no surprise then, that this decision shouldn't be taken lightly. The decision to tie yourself to payments for 15-30 years is huge. As someone who owns several residential...
How often are you home? When you're there are you using every area of your house? Are there rooms of your house that go untouched for weeks at a time? Each of us are home for different amounts of time, so each of us gain different levels of utility from our place of residence. However, we all...
Although the 2010 New York gubernatorial race is over, some of us may still be experiencing rent that's simply "too damn high." Since Jimmy McMillan and his promise to allow New Yorkers to "marry a shoe," are a distant memory, our pocketbooks are probably still bleeding. So with the rent still at astronomical levels I thought I'd...
Craigslist Real Estate Deals
"It's a lot easier to find something when you know what you're looking for." I'm constantly checking real estate listing websites for deals. Although they're a lot harder to find than during the great recession they're still out there and it only takes one to make you tens or even hundreds of thousands of dollars, because as any good...
Is now the best time to buy a house since the great depression? I think so, and after reading through this article I think you may also side on the fact that now is an amazing time to get into home ownership. 2012 has the potential to be the best year for buying a house in over...
Housing is by far the most expensive budget item for practically everyone. So it should come as no surprise that we spend years of our lives working simply to pay for the place we call home. But exactly how many hours of your life are dedicated simply to having a place to sleep at night? And...
According to CNN Money, the most expensive housing market in the USA is... drum roll please... HONOLULU! I can attest Honolulu, is VERY expensive, but it is possible to live there cheaply if you do it right. Heck, I lived in Honolulu for about $1,000 a month, but it's not for everyone. If you're focused enough on achieving financial freedom in...