What is an Appraisal?

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When it comes to buying a house, there is so much to do even after you’ve made an agreement and created a purchase contract with the seller. One of the things you may have to do includes having the home appraised. In some cases you won’t, and it will depend on your circumstances. Appraisals are [...]

What is a Home Inspection?

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Once you have made a purchase contract with the seller, your job isn’t done. You cannot sit back and relax until closing because you have several things that you need to accomplish in the meantime. For example, you will need to find a home inspector, and you will need to schedule time for a home [...]

How to Buy Real Estate with No Down Payment, No Mortgage and No Land Contract…Ever!

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I know what you are thinking—just another misleading headline to attract attention. Nope! The Real Estate Investment Trust (REIT) really does allow you to invest in real estate with none of the entanglements you normally associate with owning property and it is as easy as buying  stock. The Real Estate Investment Trust is an indirect [...]

What is a Purchase Contract (in Real Estate)?

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Before you get to the purchase contract, you have to make an offer, which is the exciting part! You’re actually making an offer on the home that you want. Will the buyer accept it? Will he counter? You’ll just have to wait and see.

What is an FHA Loan?

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FHA (Federal Housing Association) loans are insured by the Federal Housing Administration, are available to a number of people, including first time homebuyers.

Reader Question: Closing Costs vs. Mortgage Points

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Do you have a financial question? If you do, you definitely aren’t the only one. I get frequently get financial questions, and I do my best to answer some of them on the site. For example, Tya, recently emailed me to ask a question for one of her friends. She told me, I have a [...]

What is Pre-Approval?

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Are you ready for a home of your own? Would you rather own your house than rent it? It may not be a bad time to buy a home, but before you rush off to find a realtor, you will want to look at getting pre-approved for a loan. Pre-approval is when you approach a [...]

Rental Property Empire Update #1

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Wow. I do not remember the last time I talked about my rental properties on this blog or shared how we are doing income/expense wise. I guess it’s time I fill you guys in on how we are really doing. I tell you this as we close on our 7th rental property.

What is Mortgage Insurance?

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When I said that there are a lot of real estate terms, I really wasn’t kidding. Realtors can seriously sound like they’re speaking another language. Check out the real estate tab at the top of the page to learn about other real estate terms.

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