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MyFinanceOnline
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In this personal finance video series on real estate and rental property, Tim Taylor, author and real estate investor, covers topics such as the importance of doing your research before buying rental property, don't get emotional about your property as it can affect your judgement, the importance of location, financing and selling a home, should you use a realtor and much more.
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Tim Taylor wears several labels very well-author, consultant, entrepreneur, real estate investor and family man. We think that you will enjoy his thoughts and ideas on personal finance and financial management. |
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Don't let your past define your future and be passionate about what you do for a living are two great ideas on working towards financial independence. It also helps to keep your debt low and to increase your earnings. |
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Studies show that most people spend 30% more when using credit versus cash. In addition to cash management, we also cover how much home should you own and financing for rental property. |
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Just as with other forms of real estate, Location, Location, Location is important for your rental home. Rental homes can create passive income. In this personal finance segment, we cover purchasing real estate. |
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In this personal finance segment, we cover the keys to owning real estate and rental homes. Just remember, don't get emotional about your home or property, it's just real estate. |
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When looking for a good investment property, stick to the types of real estate that you are comfortable with. Just because someone else made money in land speculation, doesn't mean it is right for you. Staying power and longevity are important to make money from rental property. |
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To find out a growing or upcoming area of town, you may want to find out where your city is going to be installing stop lights. Most towns put stop lights in areas that have a good infrastructure. In addition to making money from your rental property, it can be gifted to a family member or charity and may offer some tax breaks. |
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When you are trying to find financing for your home, should you take the first quote you get or should you get multiple quotes to see who has the best deal? What are some important tips to consider when you are trying to sell your home? This is a great personal finance segment for someone looking to buy or sell a house. |
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Many people try to sell their home without using a realtor to save some money. Some have success, but if you haven't had any luck within 30-60 days, you may want to bring in a realtor that is familiar with your area. Many real estate agents will want to sell your home quickly and may not be as price sensitive as you are, so you need to be realistic about the price of your home and how much you will take for it. |
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You really need to do some research before you buy any rental property. Once you have decided on a rental home, you must insure that rental property. Should you have a separate checking account for your rental home to take care of maintenance and repairs? |
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