Three tips here: Good Buy or Goodbye, Making Money in Your Sleep, and Interest Rates Aren't Why It's Time To Buy - Building Equity Is.
When someone asks, “Is this property a good buy?” Or “Should I be saying goodbye and invest elsewhere?” It’s not as easy as giving a quick yes or no. Most of the time there's not a straightforward answer because each person is starting from a different place have different long term or short term goals. So what is a great property for one isn't necessarily the best for someone else.
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The single most considered factor of any investment is Cash Flow. I am often asked, “What is a good cash flow?”. My answer is always the same...Positive. How much cash-flow is needed is subjective. Maybe you’re living in the property and house hacking so you don’t have to pay rent, or it could be a multi-unit that is cash-flowing so well it will pay itself off in 15 years instead of 30. Maybe it’s earning just enough cash to cover the mortgage, insurance, taxes, and maintenance, and nothing more....but it’s a long hold investment strategy...and that works too.
With a positive highlight from this year being consistent low-interest rates, you may not realize how your home is working for you already. You may be making money in your sleep. And if you haven't purchased a home yet or refinanced the one you want to stay in, this is the time. Align yourself with an experienced Realtor so they can help you realize your dream of owning real estate, or making more money in equity from the property you already own.
Listen to this valuable round up to shift your thinking and start building wealth.
Supply Isn’t the Story, Demand Is.
Be a leader for your clients.
Financial Independence for Early Retirement through House Hacking
Don't Be Afraid of No from Your Lender
Buyers, Sellers, Agents, this is not the time to rest.
Forbearance and Unemployment Numbers' Effect on Denver Real Estate Market
Giving Agents the Tools to Be Essential Human Resources for Buyers and Sellers
Resurgence of HOME and how it affects the Denver real estate market
Know Your Loan Options Renovation, CHFA, Jumbo, Conventional, FHA, USDA, and VA
Making Your Professional Memberships Work for You
Use Your Extra Time to Learn All You Can and Add Value
Daily Disciplines and Increasing Your Value
Celebrating the Resiliency of Agents
DMAR for August - Real Estate Did Not Surprise; It Delivered
Getting Out of Your Own Way
Zoom Logic for Beginners and Gems for More Advanced Users
Succeed During Change With Excellence and Ethics
Agents - avoid being annoying online - be of value to community.
Virtual Home Tours to Give You an Edge Over Your Competitors
Be willing to fail and think of your agents as your clients.
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