Posts from: FIRE
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Are you interested in buying a foreclosed property? Foreclosures can be a great way to get a house at a discount, but it's important to know where to look.In this article, I'll share some tips on how to find foreclosed properties. I'll also give you some advice on how to…
Christine McCarron
Congratulations! You’ve made a big decision and are ready to become a homeowner! Before you start looking at – and falling in love with – a home, better find out how much you can afford. This involves talking with a bank (also called a lender) or mortgage broker,…
Christine McCarron
Should you buy an investment property while you're renting? How to best get started on your path to Financial Independence and Early Retirement.
Christine McCarron
In a recent episode of my podcast, Get Your FILL, Financial Independence and Long Life, I asked my guest, JLucky Henry, a real estate wholesaler and rappin’ real estate agent, to explain how wholesaling works. He did such a great job, I asked him if I could use his…
Christine McCarron
We’ve all heard how important it is to have money set aside, that we should reduce expenses and invest for the long term but man – have these people seen how much things cost? Do they understand student loan debt, credit card debt and car loans? It’s all well and good…
Christine McCarron
If you love paying taxes, you won’t want to read this blog post. On the other hand if you’re staring down the barrel of looming capital gains, whether from the sale of real estate, stocks, bonds, or interest in a partnership, this could be the opportunity that you’ve…
Christine McCarron
Cap Rate
The capitalization or cap rate is the net amount of income that the property generates divided by the cost. If a property is selling for a million dollars and it generates $100,000 after expenses, 100,000/1,000,000 = .10 or 10%. The higher the cap rate, the more…
Christine McCarron
In general, there are three categories of real property, Residential, Commercial and let’s call it ‘Other’. With all three options, you can use a portion of the asset yourself. For example, you can live in one of the units or have your office there. In the case of a…
Christine McCarron
If you’re able to reduce your expenses, you can minimize the distance between you and your goals.
Keep a spending diary for a month. Find every item on the list that could possibly be eliminated. Add up those items and multiply by 12. That’s how much you can save in one…
Christine McCarron
Understand what you want real estate to do for you Ensure that it is in line with what you want for your life Create SMART goals
Christine McCarron
Why is real estate a sound investment for so many people. Even Warren Buffet owns real estate! Have you always thought of buying investment property? Here's why real estate is great.
Christine McCarron
Buying a rental property can be a great financial move. More Americans are renting than ever before, and if recent reports prove true, that number is set to climb in the coming years.
Christine McCarron
