When I first bought my duplex, I received many comments (mostly negative) challenging the action of buying rental properties. Many comments, consisting of phrases like, tenants “destroy your property, it’s not as easy as you think, if it was so easy everyone would do it, how do you know how […]
Real Estate Investing
Immediately Increase Your Wealth by Reducing Your Living Expenses
Many people believe a pay raise is the answer to their questions when it comes to increasing your wealth. But in reality, reducing your spending is often a better alternative. No, I am not talking about budgeting the small stuff, like stop drinking coffee or going out for drinks on […]
Conventional Loans or FHA Loans? 3 Reasons to AVOID FHA Loans!
If you are looking to buy a house and thinking about leveraging an FHA loan think again. At the surface, FHA loans sound great allowing individuals to buy a property with only 3.5% down (even multi-family investment properties, if owner-occupied). However, when you peel back the layers you’ll find that there […]
Unexpected Costs when Purchasing a Home
If you haven’t read my recent post about purchasing my first rental property, I bought a multi-family house in July 2018. Below are a few unexpected costs I didn’t expect to pay when I was first looking for properties. Unexpected Cost to Close Inspection $500 The inspection is an avoidable expense […]
My First Property – Why I Purchased a Multi-Family House Instead of a Single Family Home
The next step in my journey to financial freedom starts with investing in real estate. Below is a summary of why I chose to invest in a multi-family home rather than a single family home. My offer just got accepted on a duplex property in Ventnor, NJ. Choosing Multi-Family over […]