Homeowner Traditions You've paid off your mortgage. Now what? Burning Your Mortgage Papers Paying off your mortgage is a huge personal and financial milestone that brings a profound sense of financial security. Whether you are a residential homeowner, a property manager, or a real estate investor, achieving this milestone is a testament to your financial...
Read MoreCat Picks Stocks Creating an ETF by having my cat pick value based stocks has been interesting to say the least. But hey, making money online in 2020 is a strange time. I recreated the famous Chimpanzee stock broker experiment from the book “A Random Walk Down Wall street,” where a monkey throwing a dart at a list of stocks actually beat the...
Read MoreWill Tenants Not Make Rent? Rental Housing Market Update for August 2020 In order to predict how much rent collection may be affected, we will cover the following subjects: HEALS Act stimulus bill, tenant mentality towards paying the rent, landlords’ ability to enforce the lease, local market re-openings, unemployment levels and benefits, and...
Read MoreHousing Market Holds Steady: Why It Hasn’t Collapsed. It seemed the real estate market would tank along with the stock market. However, the fundamentals of the real estate market are far more solid than they were in 2008. Here’s the key fundamentals that have kept afloat so far. For more in depth explanations of the following, please...
Read MoreWhat is the HEROES act and will it pass? A lot of people are wondering, ‘Will HEROES act pass’ and ‘What is the HEROES act?’ The HEROES act bill, if passed by the Senate, would give people a 1200 stim check – otherwise known as ‘economic impact checks’ – just like how the Cares act gave people a stim check. More stimulus checks. They basically...
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Mortgage Forbearance There’s a lot going on with the stimulus bill including being able to request forbearance for your real estate rental properties. This will affect single family homes, multifamily, and tenants. Under this bill your lender or service provider will now have to allow you to request 180 days of forbearance on your single family mortgage...
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