Many real estate investors become frustrated with the tenants and the toilets. And when you look at the way they manage, it's no surprise.The most important part of investing in rental real estate is to have a good property management system. In any successful management system there are the five P's. They are Property, People, Paperwork, Policies and Procedures. Lets look at each of these P's individually.>> The Property must be managed. You...more
In every retirement plan, saving money is involved although only a few successfully saves enough money to fund their retirement or to invest in something that could produce a steady flow of income. A good retirement investment is something that should eat up only a small portion of your hard-earned savings and has a high return of investment.Volunteering and starting a business are among the most popular things that retirees do. A brick and...more
Obama's $75 million Home Affordability and Stability Plan is a rescue attempt to save the plummeting housing market. The President has the conviction that by restructuring their mortgages, homeowners who are struggling to make ends meet, will be able to save their homes. This initiative comprises of two parts:1. Home affordability refinance program - this program helps homeowners to refinance loans that went upside-down because of the tumbling property rates.2. Home affordability loan modification program - this program is designed to reduce mortgage installments for people facing foreclosure by modifying their mortgages, and reducing payments.Many homeowners are not eligible for refinancing according to the Obama mortgage plan. Hence, the home loan modification plan has become more popular. The eligibility criteria to apply for loan modification include possessing and occupying a one to four unit home, having a loan that originated before January 2009, and having a due principal balance equal to or less than $729,750 for a single-family property. If an individual does not inhabit the house, then he/she will not be eligible to apply for the Obama mortgage plan. Also,...more
People who are successful in achieving their financial goals know that it did not happen overnight, after a week, a month or even a year after that. In contrast, it took them years to build personal wealth. They set specific financial goals, managed the risks and strive hard to achieve them. In making strategies, it is important to focus them on...more
It is not always easy to waltz into bank and get a mortgage for some new property or home. There are three distinct phases to getting a mortgage that you should learn about and practice as you go about getting your home. Let's see what these three steps are to getting a mortgage:First you need to lay your foundation. You need to assess your...more
There are so many people within our work force that suffer from very serious injuries. Some of them are only temporary, while others are permanent. Victims of such injuries would benefit greatly from an insurance policy that would pay their mortgage in such an event. This is why we will review some things that everybody should know about disability mortgage insurance.A lot of people, especially those who are subconsciously aware that they are at a higher risk, would like to just ignore the facts. This could prove to be very irresponsible as any quick bit of internet research is bound to show statistics that will alarm most people. Also keep in mind how important this insurance is if you are at a higher level of risk.It is very sad that some worker's lose their retirement plan and have to basically work until the day that they die if they want to get their bills paid. Keep in mind that the elderly could be at a higher risk for injury, especially within very dangerous fields. People who are not allowed to retire sometimes lose the abilities that they once had for working within a dangerous environment.The highest risk exists for people that are dedicated workers within certain types...more
The Republic of Ireland is one of the greatest places in the world to live. The scenery is astounding and the people in the Republic are kind and generous. It is an amazing place to buy a home, so many first time buyers are flocking to the area in...more
Okay, you've decided to refinance your mortgage. How do you know you will qualify? What does a lender look for from you? Can you pass all the tests? These are questions that cause lots of anxiety with potential refinancing candidates....more
Young girls among all of you are looking for an amazing ball gown that no one else has. The dress you want everyone to admire. Now, whether you want to wear a long skirt or knee-length, you have a variety of options. We have many different styles, it...more
When people think of the terms of secured loans and mortgages, many know a little of the meaning but not all the details.The first main thing that must be pointed out, is that both of these are home loans for which only those who have bought their...more
For a mortgage broker, finding the right mortgage leads is one of the most important things you can do in order to grow your business. Whether you get your leads from a local real estate agency, bank branches, word of mouth or through a lead...more
Is it time to stop filling your Landlord's Wallet?As a renter, you are subject to the whims of your landlord. They work at their own pace, and improve their property as they see fit. You have no control over the property that you reside in. Do your...more