Positive cash flow means that you have money left over after you’ve collected the rent, paid the mortgage, taxes and utility bills right? That’s the common misconception for first-time real estate investors. The reason it’s a misconception is because the true cost of owning a rental property includes many additional expenses that are often overlooked.
Insurance
This [...]
I’m trying to get a little more information about a great mortgage rate that I heard about yesterday. A colleague of mine recently got into a discussion with her broker regarding current rates.
As you may know, the posted mortgage rate (one you should never, ever accept) is around 7.2% My colleague was offered [...]
Yesterday I had a great conversation with my mortgage broker. She detailed some of her recent investments and the continuous upgrading that she and her husband has performed. From this conversation I received a few key pieces of information.
A few years ago, when I began looking at real estate investment, I was still [...]
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