The housing market was slightly down, but relatively stagnate in 2011. The housing market has become increasing segmented, (meaning some areas are showing very small gains while others are still showing giant losses) and many people are wondering if now is the time to buy. My opinion? If you are looking at a house as […]
Be an Owner Occupied Duplex Owner to Live Mortgage Free?
The idea of buying an owner occupied duplex is simple, live in one unit and rent the other. Here in the Cincinnati, Ohio area it is very viable that you can cover your entire duplex mortgage payment in full (including taxes and insurance) from the income from your tenant. I myself am completely fascinated with […]
Why Paying Down Your Mortgage Might be Bad
Paying down your mortgage can be a great way to build equity, but how exactly do you benefit from paying down your mortgage? Well to answer that question we first have to have a basic understanding of the tax benefits associated with home ownership. As an taxpayer you are entitled to the GREATER of EITHER […]
Is Prepaying Your Mortgage the Right Financial Move?
Making extra payments on your mortgage? Is prepaying your mortgage the right move? Do you save any money when you prepay? I am not talking about “paying down your mortgage.” I am talking about prepaying your due payments for your mortgage. For example it is currently January and I’m talking about prepaying for March – […]
Rentals Investment Assuming 0% Yearly Appreciation
Buying rentals to increase your net worth and/or provide a steady steam of positive cash flow can be a great strategy to becoming rich with real estate, but what is your rental making you in actual case and how much of your “gain” is financial black magic? I constantly talk about real estate on […]
Buying a Small House in A Bad or Below Average Location
My fascination with small housing knows no bounds. The idea of buying a small cheap house to save money is exciting to me. In Cincinnati we have dozens of neighborhoods, but sadly not all of them are created equally. There is about 6-8 neighborhoods that would make the “I could own a house here” rankings. […]