There is a lot to consider when determining whether you should rent out your primary residence. I have been getting this question more frequently of late, so let’s look at some things I discuss with my clients. First on the list is to determine the market rental rate for your property. Use Realtor.com, Zillow, contactContinue reading “Should I convert my primary residence to a rental?”
Tag Archives: why buy a rental property
Breaking the 5 for 2 for life thinking
What is the rat race, the matrix, the trap, the deception? Simply exchanging 5 for 2 for life. Work for 5 days to get 2 days if you’re lucky. We are trained from school age to exchange 5 days for 2 days. T.G.I.F. But, how does this happen? Most people are enticed into school debtContinue reading “Breaking the 5 for 2 for life thinking”
Is real estate really passive investing?
In short, “No.” Similar to driving, you have to steer, accelerate, brake when necessary and so on, but do you really need to lay the asphalt or paint the lane markers? Both are involved and interacting with the road, but from very different roles. Ultimately you have to decide how much work you are goingContinue reading “Is real estate really passive investing?”
How inflation affects real interest rates and investment returns
Let’s discuss an interest rate of 3.4% and an inflation rate of 6.8% (according to BLS.gov/cpi for December of 2021) and look at the outcome. Inflation eats away at the future purchasing power of a dollar. In other words, it buys less because it has been devalued. The same $1M today, will not buy $1MContinue reading “How inflation affects real interest rates and investment returns”
Why invest in Real Estate
Investing in real estate is not a scary as you have been thinking, and with a little bit of understanding and planning it can become a path to wealth. Over 20+ years ago my father-in-law, a real estate broker, gave me the basic vision for investing in real estate (or as I like to callContinue reading “Why invest in Real Estate”