Once you're done with debt and you've started to save, it's commonly the case that you'll start hearing about the risks and rewards of investing in stocks or real estate. Unfortunately, it can be difficult for many people to know what type of investment is going to work better for them down the road. If you're currently considering what you should put your money into, here are some reasons you may want to turn to real estate. It's Something You Can See While investing in the stock market will give you the ability to invest as little or as much as you want, a home will take a monthly payment … [Read more...]
Real Estate Terms: The ‘Debt to Income’ Ratio and How It Affects Your Home Purchase
The real estate market is rife with terminology that can make a home purchase seem more than a little complicated. If you're currently looking for a home and are considering your loan options, you may have even heard the term 'Debt to Income' ratio. In the interest of simplifying things, here are some insights on what this term means and how it can impact your home investment. Determining Your 'Debt to Income' Ratio It's important to consider what exactly your DTI ratio is before your home purchase as this will quickly determine how much home you can actually afford. To calculate this number, … [Read more...]
House Hunting in a New City? Three Ways to Determine Which Neighborhoods Are Up and Coming
If you're moving to a new city and you're looking for an affordable home in a nice neighborhood, one great way to get a fantastic home without paying sky-high prices is by choosing a home in an up-and-coming neighborhood. Communities that are starting to gentrify make it easy to find an affordable home, especially if you buy before the prices start to rise. So how can you spot a neighborhood that's on the rise? Here's what you need to know. Look For Neighborhoods Popular With Artists & Young People Young people, artists, musicians, performers, and other bohemians tend to lead the way when … [Read more...]
Buying an Investment Property? 3 Key Home Features That Will Help Ensure You Turn a Profit
If you're entering the real estate investment market for the first time, you're embarking on a great adventure – and with a solid plan, you can turn a tidy profit on your investment. The key to a successful real estate investment is choosing the right property. A great property will reap dividends for years to come. Look for these three features in your next investment property and you'll have no trouble finding one that turns a profit. Location: More Important Than You Think The location of your investment property will be critical in determining how much you earn on it and how long … [Read more...]
3 ‘Must Know’ Pieces of Advice for First-time Home Buyers
When delving into the realities of home ownership, there can be many factors involved that make it difficult to determine what you need to know and what can wait until later. If you happen to be a first-time buyer who's looking for the best tips for purchasing a home, look no further than the following three pointers to set you on the right path. Get Familiar With Your Credit Score If you haven't looked at your credit report for a long time, it can be a daunting task to request this information. Fortunately, your credit report is free from AnnualCreditReport.com and it will prepare you for … [Read more...]
