This housing market is changing rapidly. It’s becoming harder to make real estate investing — or, as some call it, flipping — deals work. I’m now paying more for the homes, more for the labor and materials, and more for capital. My costs are going up faster than the values of renovated homes. My biggest...
I am an “accidental real estate investor” in that I lived in my condo more than 15 years, at which time my job relocated and I decided to rent out the condo until such time as I could retire (about four to eight years, depending on how long I can keep my job, given my...
I saw your excellent article on how much it costs to own a house after the mortgage is paid off. The costs remain in perpetuity! Is it always a good idea to pay off a mortgage, though? A house “free and clear” means a large asset that provides no financial opportunity to the owners. Wouldn’t...
I have a rental property that I paid $100,000 for, and I am going to sell it to my daughter for the same amount. I’ll finance the property for her. She wants to live in the property for two to three years as her primary residence. If she sells the property after two years for...