Real Estate Blog
Investing For Dividends
This article was sent to me and I thought it would be a good piece of information for my readers. Enjoy!
Rule of 72
Rule of 72 is an easy way to figure your return on investments. To use this simple equation, divide 72 by the interest rate. This will give you a very close forecast of how long (in years) it will take for your investment to double. 72 divided by 4% takes 18 years to double, 72 divided by 12% takes 6 years, etc.
Mortgage 101
Mortgage 101 is for those of you who are new to the world of money. This should explain some details about a mortgage. When you are in the market for homes for sale, the first thing most people do is get pre-qualified from a bank. IMPORTANT: If you don’t like the terms from one bank, you can shop around. Most banks have different terms and rates in order to compete with others. Going to a mortgage broker can be helpful, just ask if they are a captive agent. Captive agents have contracts with certain mortgage companies and are not out for your interests. You want a non-biased, non-captive agent who can give you many options.
Attention Real Estate Investors
Real estate investors, planning for your future is a big deal. No one wants to work until they die. Having a good investment portfolio is a must to get out of the rat race. Real estate has been responsible for more millionaires and higher returns consistently than any other investment asset. The best part is there are literally dozens of ways to grow your portfolio with real estate without being an active landlord.
