Archive for the 'Real Estate Investing' Category
Closing Cost Examples
Freddie Mac, on its website, gives the following as examples of closing costs. On the website, www.freddiemac.com, you can insert dollar amounts after the following items and make calculations:
Purchase price
Loan amount
Term (years)
Interest rate
Discount points
Origination fee
Lender fees
Credit report
Escrow fee
Lender’s title insurance
Recording fee
Transfer tax or other city, county, or state tax
Appraisal report
Survey fee
Termite infestation report
Yearly property tax
Yearly […]
Two-Family Homes
While a single-family home is most people’s first preference, the economics of owning a two-family home might make you think again, especially if you are just starting out. Many two-family homes consist of a two-story building in which the renting family occupies the upper floor and the owning family the lower floor. In a well-planned […]
Strategic Thinking About Things That Really Matter
Your real estate investment will be shaped, to a great extent, by the kind of financing you obtain. Therefore, your earliest strategic thinking should be about your appearance of creditworthiness. Once you buy a property with an ARM, the clock has started ticking and you need to have plans to sell it in a timely […]
Buying a Rental Property
The rental property equation is so simple that it is hardly believable. On one side of the equation, you put down a relatively small amount of money on the property purchase price. On the other side, tenant rental payments cover your mortgage payments, property taxes, and maintenance costs. In time, you get to own the […]
