As a responsible homeowner, you are likely familiar with the term PMI, but since it gets thrown around a lot, I thought I’d discuss what PMI is, when you need it, and how to get rid of it. PMI stands for private mortgage insurance. Lenders require homeowners to get this when they purchase a house... Continue Reading →
Why Diversification (of Your Portfolio, Financing & Everything Else) Truly is the Only Free Lunch
by Jay Strickler Did somebody say free lunch? “Diversification is the only free lunch” is a saying normally applied to mainstream investing to protect an investor from risk if an asset goes south. Buy stocks and bonds. Add gold to your portfolio. Buy a REIT. Choose an index fund. Smart folks use this thinking to come to the conclusion that... Continue Reading →
The New Investor’s Guide to Jumpstarting a Real Estate Portfolio (Even With Limited Capital)
by M. Ian Colville Real estate rentals have been good to me, my company, and our investors. And I know they can be good to you, too—if you know how to put the right strategies in place and leverage your resources. We now have a portfolio that has created significant wealth for our investors and a... Continue Reading →
Professional Property Management vs. Self-Management: A Look at the Pros & Cons
If you have never owned a rental property before, the thought of doing so can be as tantalizing as this: Rental Income – (Mortgage + Expenses) = Profit What is not often factored into the equation is the actual management—or what you could call landlord duties. On the face of it, managing property may seem... Continue Reading →
Cash Flow vs. Equity: Which Pays Off for Investors in the Long Run?
As I’ve been searching for topics to write about, in terms of finance and real estate investment are concerned, I keep running across the different ongoing conversations regarding equity and cash flow. Specifically, which one is better and why? I thought this would be a good topic to analyze from a financial perspective, especially in... Continue Reading →