What Is a Good Return on Investment?

What Is a Good Return on Investment? It's a question novice investors struggle with. What is a good return on investment? Many have dreams of hitting it big, making the right plays on risky stocks and getting a monster return on their original investments. The reality is most of these gambles don't pay off and you end up losing most of what you had. To determine what is a good return on investment and build your savings you have to be realistic. Building that nest egg is now more crucial than ever as a growing number of Americans are delaying important life decisions for financial reasons. What's more, the number of Americans currently investing in stocks has matched a record low. Potential investors are missing out on the gains available. Understanding what is a good return on investment can help you achieve life goals more quickly and consistently. Here's what… Read More

Top 7 Money Saving Plan Strategies

Top 7 Money Saving Plan Strategies Whether you are a student trying to figure out the best way to survive college and come out the other side with a manageable amount of debt, or a married couple looking to buy your first home, knowing how to save money is a valuable life skill. Understanding not only the value of money, but the principles behind saving are key for long-term financial prosperity. One of the keys to doing this is to have a good money saving plan in place, something that you know is not going to leave you broke at the end of the month, but at the same time, allow you to put enough to one side so that you can actually build up a nice pot. Let's take a look now, at the best money saving options for you. Set up a Money Saving Plan that Works for… Read More

How Much to Save for Retirement in Your 30s

How Much to Save for Retirement in Your 30s Retirement might seem like it's long ways away yet, but the work weeks are moving by at a quickening pace. And that means retirement will be here before you know it. Just because it seems like a far off goal doesn't mean you shouldn't start planning for it now. How much to save for retirement is a question many people ask themselves. But how do you plan for the unknown? In this post, we'll not only discuss how much to save for retirement but provide you with some tips and tricks to get you to the golden years comfortably. Determining How Much to Save For Retirement Determining how much to save for retirement doesn't have to be the daunting task that many make it out to be. With the correct planning, foresight, and action, you can begin setting money aside for… Read More

Real Estate Accounting 101: A Small Business Guide

Real Estate Accounting 101: A Small Business Guide Buying real estate is becoming an increasingly popular investment strategy. In a 2015 survey, one in four Americans identified real estate as their top pick for a long-term investment strategy, beating out cash, the stock market, and buying bonds. If you've decided to invest, you'll need a solid understanding of real estate accounting practices to draw in the most benefit for your small business. Keep reading for a refresher course on balancing the books of your real estate venture. Real Estate Accounting 101 You might be heading up a real estate agency, managing one or several rental properties, or working for yourself as a real estate agent. No matter what your current experience is with real estate accounting, there are some basics you need to master to make your small business successful. Balance Your Books Let's start at the very beginning. In accounting,… Read More

9 Best Places to Invest in Real Estate in 2017

9 Best Places to Invest in Real Estate in 2017 The housing market is on its game right now. If you're a real estate investor, you've got to keep your eye on the hottest places to invest. Getting the best ROI on your real estate investment means having a flexible investment strategy that adapts to market demands. Are you investing in the best places? Check out our list of best places to invest in real estate for 2017 and see for yourself. Best Places to Invest in Real Estate 2017 1. San Francisco, CA San Francisco topped the real estate charts in 2016, and it's back again this year as one of the best places to invest in real estate. This hot California city is home to some of the highest prices of homes in the nation compared to the national average. What's more, both home and rental prices continue… Read More

72t – How can get you early distributions from your IRA

How 72(t) can get you early distributions from your IRA If someone told you that there was a way to access you IRA funds before turning 59.5, would you want to know more? Tax laws are wonderful in that the better you know them, the more leniencies you can find. There are many routes of maximizing profits or deferring taxes, and in this particular case, there is a way to get early distributions from your IRA using section 72t of the Internal Revenue Code. This provision of code works with series of periodic payments, known formally as a Series Of Substantially Equal Periodic Payments. It can be shortened into acronym format and is often referred to as SOSEPP. Using this section of code you can access your IRA funds before the age of 59.5 First things first   You have to determine the amount of the annual distributions for which… Read More

Refinance your Home – The right time!

Refinance your Home - The right time! Mortgage rates are constantly changing, that is rising and falling with the economy. It’s likely that when you got your mortgage rates were different then they are today. Looking at the numbers, even a 1% rate change can make a big difference on monthly payments. So when is it time to refinance?   Taking a brief look at the history of mortgage rates, they are on a steady decline since the 1980’s, when we were seeing interest rates of up to 17.6%! However, in a more recent comparison rates have continued to drop since 2008, when they were sitting at around 6-7% for a 30 year fixed rate mortgage.   Lower Interest Rates   Now, interest rates are at a record-low, currently sitting around 3.5% for a conventional fixed rate 30-year mortgage. However, that figure can easily change from one day to the… Read More

FHA Loan

FHA LOAN An FHA Loan is a home loan that is insured by the Federal Housing Administration. With this type of loan the homeowner will be paying an insurance premium to protect the lender from any losses in the event that the borrower defaults on their payments. FHA Loans are quite popular due to their lower down payment requirements and easier lending criteria. IF you have ever used an FHA mortgage calculator the numbers can be quite attractive, and you may be wondering if this loan is right for you   FHA vs Conventional   The thought of a lower down payment alone is very appealing to most homebuyers, as it can be difficult to save up a 20% down payment. On a $450,000 home the conventional down payment would be approximately $90,000, which lets face it- that’s not exactly chump change that we have lying around.   It takes… Read More

Mortgage Terminology Continued – HomeBuyers Guide

  Mortgage Terminology - HomeBuyers Guide continued In the previous segment of our homebuyers guide we reviewed the different types of mortgage loans available on the market, ranging from conventional loans, to government insured loans, and also jumbo loans. In this article we are going to take a close look at other variables that will affect your mortgage such as amortization schedules, and rate set up. When it comes to getting a mortgage there are some immediate questions that come to mind regarding how you want to structure the loan. Are you looking for a fixed rate, or adjustable rate mortgage (ARM)? Meanwhile, further variances include options such as 7/1 ARM and 5/1 ARM. If you’re not familiar with these terms it can be very confusing, as each comes with a set of benefits and risks.   Mortgage - Fixed Rate   Perhaps the most popular of the options is the… Read More

Loan – Home buyers Guide

HomeBuyers: Mortgage Products on the Market It is often said that getting a mortgage can be one of life’s more stressful transactions. There are options on top of options, with a never-ending list of required documents, and terminology that you certainly need a translator for. There are many products variances such as FHA mortgages and even jumbo loans. Before you call an agent or brokerage, its good to know the difference between the terms and products available. Knowing the different products out there will help you understand the conversation and furthermore help you make the best possible decision for your future. Type of Loan Your first choice is deciding what type of mortgage product will be suitable for you. This will take into account how much you have available for a down payment, how much income you can prove, and what you credit score is. Some products come with mortgage… Read More