Real Estate Information |
|
Why You Should Rent To Live And Buy To Invest
Why you should Rent a place to live in and Buy a place for Investment - Did you know that in your Bank's Accounts "Your House" is placed in "Their Asset Book." That means that the house you own and live in, is a "Liability." Rent Your Home; Don't Buy It; From the desk of Colm Dillon ... Hello Colm here ... So Why Do The Majority Of Us Countless articles have been written over the years on the wealth 'make up' of the richest people. While the percentage may vary depending on the individuals leaning, the real estate proportion will vary between 20% to 35%. Here's a thought for the day; It's the basis of this report; It's one of the Tools you should use to create Wealth; so think about it before moving on! In The Banks Accounts, That Must Mean, That In Your Personal Accounts Your Home "IS A LIABILITY"! I want you to keep that thought in your 'open mind' as you grapple with this new concept. I write these articles to make you THINK and that can sometimes make you uncomfortable. Here goes! It's Hard to Justify Borrowing Money To Buy A "HOME." Sorry, but it's economically very difficult, in wealth development terms, to justify buying real estate for you to live in, if you have to borrow money to do it, unless you put a massive monetary value on your emotions. Please understand my purpose in writing this report and associating it to a site about real estate development. A lot of us have to be financially smart to be able to accumulate enough capital to do our first development ... so this is for those people ... but maybe there are a few ideas in it for the rest of us as well ... so read on. This wealth development concept, based on renting, was given to me many years ago by one of the most interesting and provocative speakers on economics I have ever heard. He's name is Phil Ruthven and he created a company, Ibis International, an economic analysis and forecasting company. Phil also writes for the Financial Review and is in high demand as a speaker on economics. By any reasonably observation, Phil is successful; both professionally and financially and so can buy a home, if and when he wants. He doesn't, he chooses to rent and his reasoning goes something like this. "When I started life as an adult," he said, "I was a 'single person' and my single status defined my real estate accommodation needs. Later I became a 'twosome' and my real estate housing needs changed for the first of many changes. When the twosome became threesome or foursome, by definition, our housing needs changed yet again. Later in life, when kids grow up I will become a twosome again." Now Phil contends that on top of our family profile changing, our work situation also changes; maybe a move interstate, which further complicates this equation. In a scenario like this every time real estate is bought or sold and not rented, there are Stamp Duty, Legal Fees and agents Commission to be paid PLUS the costs you expended on decorating each home. Add it up! You are talking about 'many' tens of thousands of dollars paid by you as a direct result of the choice you made to Buy Real Estate To Live In out of your net after Tax Income. So Phil told his audience, "he has rented his real estate accommodation for more years than he cares to remember." "Renting," he continued, "allows me to change my place of residence, at the lowest cost, having regard to my family's changing needs." He further improves the deal by pre-paying his rent, sometimes for a number of years, and getting a handsome discount from the landlord. When his needs or mood changes again, he just moves on and repeats the process. "But what about all that lost rent he had to pay?" I hear you say, "that surely reduces your wealth development." And I say, "what about all that interest you pay on your non tax deductible home loan?" Understand 'Rent and Interest' are money that comes out of your 'net after tax' pocket, we just call them different names; that's all! In Phil's case he has clearly segmented his personal real estate accommodation, as rental, from his real estate investment ownership accommodation, maximizing the benefits of the wealth growth tools and enhancing his wealth development with little interruption to his lifestyle. The Real Estate Development Coach Author of "Residential Development Made Easy" Copyright Colm Dillon, October 2003 Colm Dillon author of "Residential Development Made Easy" the only 'How To' Become a Developer eBook, selling in 38 Countries, has developed $1.2 Billion worth of real estate - read more on his web site http://realestatedevelopmentcoach.com/realestatedevelopment.html
MORE RESOURCES: Vince Vaughn's Rental Real Estate Portfolio Has Allowed Him To Weather Hollywood. Here's How He Invested His Money Yahoo Finance Dubai feeling the strain of explosive growth as real-estate prices soar and roads are choked with vehicles New York Post ‘Unfiltered’: NAR lawyer on settlement do’s, don’ts — and risks Real Estate News Brookfield Asset Management closes two real-estate deals in Japan for $1.6-billion The Globe and Mail Ellen DeGeneres relists LA home at major discount realestate.com.au Remembering Norine Shima-Fojt, editor and real estate agent who loved and fought fiercely Berkeleyside How does Seacoast real estate market look in 2025? Lower expectations, experts say. Seacoastonline.com Countertrends: 70-year-old retail real estate operator sets construction record in 2024 Chain Store Age 2 brokerages seek settlement approval; Nosalek hearing scheduled Real Estate News China Vanke Forecasts $6.2 Billion Loss, Replaces Top Executives The New York Times Naples area residential real estate inventory continues to increase Gulfshore Business Set real estate goals for the new year - Clayton Pioneer Clifford Chance Loses Two More Key German Real Estate Partners As Focus Shifts to Cross-Border Deals Law.com International Real estate demands soar after fires Spectrum News 1 Real Estate Spotlight: 2025 could be another challenging year for development, but some projects inching toward ground breaking BizTimes Milwaukee New telemarketing rules on hold after appeals court ruling Real Estate News A strong finish for new home sales in December Real Estate News Commercial Real Estate Archives D Magazine Wilton Real Estate Report: Jan. 1-23, 2025 Review — 12 Homes Between $305,000 and $2.1 Million Sold Good Morning Wilton Real estate market puts squeeze on first-time buyers Northern Virginia Daily Real Estate Transactions, Jan. 27 edition Hopkinton Independent Prime Palestinian real estate: Trump’s proposed Gaza ‘clean out’ mixes policy and profits People's World REAL ESTATE: Braverman Los Angeles Business Journal Terravet Real Estate Solutions Expands into Atlanta Metro Area with $5.37 Million Acquisition of Three Veterinary Facilities Business Wire Man convicted of killing real estate entrepreneur in 2021 sentenced to life in jail The Times of Israel Death to Excel: The silent killer in your brokerage Real Estate News Why Real Estate Tokenization Isn't Working Yet - "The Defiant" The Defiant - DeFi News An In-Depth Look at California’s Real Estate Market Using ATTOM ATTOM Data Solutions Attorney General Bonta Files Charges Against a Southern California Real Estate Agent for Price Gouging Eaton Fire Victims California Department of Justice Christie’ s International Real Estate Expands into Mexico’s Yucatan Peninsula with Leading Brokerage Firm Yahoo Finance Real Estate Transfers: January 27, 2025 The Owensboro Times Alexandria Real Estate Equities: Q4 Earnings Snapshot The Washington Post Downtown Columbus projects among proposals landing 'transformative' state tax credits The Columbus Dispatch Stock Market Crash: Nasdaq 100 Tanks 3.5% Amid AI Concerns Norada Real Estate Investments Get Real Estate Investing Right With REIT ETF Trends Standard Real Estate Investments, Arrow Street Development close sale of 244-unit apartment building in downtown Indianapolis REjournals.com Even China’s Property Stalwart Isn’t Immune From the Crisis The Wall Street Journal Analysts Estimate KKR Real Estate Finance (KREF) to Report a Decline in Earnings: What to Look Out for Yahoo Finance East Cobb residential real estate sales, Jan. 13-17, 2025 East Cobb News Real Estate Matters WAGM Luxury Real Estate Summit Returns with Power-Packed Speaker Lineup Amid Record Market Growth PR Newswire Real estate professionals discuss call to action for 2025, and how to leverage investments newsindiatimes.com Real estate deal raises $850 million for AT&T’s network transition Dig Watch Updates 'Cheapest money you’ll ever get': House hacking flips the real estate script - Mortgage Professional 'Cheapest money you’ll ever get': House hacking flips the real estate script Mortgage Professional Rialto, CA real estate market update NewsBreak Top real estate CEO says California is now battling a ‘triple threat’ no one has seen before Fortune Prolman Realty Brokers 63,797-SF Office & Warehouse Lease Renewal in New Hampshire Boston Real Estate Times Camber Real Estate Partners and Invesco Real Estate acquire five-building industrial portfolio in Southwest NJ American Journal of Transportation Trump administration 'uniquely qualified' to solve housing problem, real estate expert says Fox Business GlobalLiving Companies Launches New FloridaLiving Real Estate Team at KW Suburban Tampa Business Wire Real Estate: Featured Property-3314 Volta Place NW Georgetowner Year kicks off with $13.5M sale Las Vegas Review-Journal Real estate: Alabama’s traditional seasonal slowing offers opportunities for homebuyers News Courier Paradise Valley's Real Estate Market Heats Up with Two Multi-Million Dollar Mansions Listed Hoodline Alexandria Real Estate Q4 FFO rises, revenue slips; maintains 2025 FFO guide (ARE:NYSE) Seeking Alpha Housing Market and Mortgage Outlook January 2025: A Positive Trajectory Norada Real Estate Investments Dealer news: Sky doubles its Iowa stores; real estate investor enters auto retail - Auto Remarketing Insider Stock Buying Reaches €550.0k On Prodea Real Estate Investment Company Société Anonyme Simply Wall St Marcus & Millichap Closes $10.75 Million Sale of Multifamily Property in Winthrop, MA Boston Real Estate Times Kris Lindahl publishes 'Arms Out' entrepreneurial memoir Minneapolis / St. Paul Business Journal |
RELATED ARTICLES
Purchasing Land: What To Look For It doesn't take long to realize that finding the right piece of property is the most important aspect of new home construction. In a development, restrictions and easements have already been sorted out, but if you are looking for a stand-alone piece of vacant land, you're on your own. Property Investment: Spoiled for Choice in Europes Emerging Markets You could be forgiven for thinking that property is the new dot.com. Why Canadian Real Estate is Such Good Value Real estate agents, Canadian citizens and foreign investors interested in the Canadian property market are all in agreement - as Canada becomes a more desirable place to live year on year so property investment in Canada becomes a more attractive prospect year on year.Furthermore, because property in Canada is high quality, plentiful, incredibly affordable and easy to purchase, real estate in Canada is good value across the board. Estate Agents on the Costa Blanca Spain Properties for sale or to rent on the Costa BlancaAs a general rule of thumb, newly built properties on the Costa Blanca are generally cheaper than existing or re-sale properties - cheaper still if you buy 'off plan' (before the house has been started). Property prices have rocketed here over the last five - ten years and many fortunate people have found that their properties have grown in value enormously even before they had moved in! Even though the market is now leveling out, a property in Spain is still an extremely good investment. What Should You Do If Your Home Isn't Selling? It can be very frustrating to put your home on the market, expecting a fast sale, only to find that after six months you're still waiting for an offer. What can you do?First, determine if it's a result of timing. Real Estate Bubble Adding Price and Risk to Location, Location, Location Mantra Real estate investors familiar mantra location, location, location are nervously replacing the second and third locations with price and risk. As home prices rise to new levels daily and worries that some markets homebuyers are jumping into might start to loose air, their appetite for risk is creating some sleepless nights. Home Owner Association Restrictions - Read Before Buying Many communities have associations for homeowners, property owners, condo owners, or similar associations. The presence of a homeowners association, also known as "HOA", introduces another layer of rules and regulations to consider when buying a home. Real Estate Investing - "The Neighborhood Factor" Real estate investing can be a dream career when the process of buying and selling is mastered. The biggest challenge in real estate investing is not the money to get started or the availability of the product. The Art & Science of Property Valuation -- Automated Valuation Models It is no secret that sellers want to sell high and buyers want to buy low. But they often arrive at the negotiating table with very different ideas on price. A Real Estate Primer There are a great many books and web sites devoted to real estate investing out there, but most of them concentrate on one specific area of investing. It's often hard to find a general description of real estate investing, one that lists the various real estate investing strategies and how to get started. Industrial Income Property Financing: Part 3 of 3 Financial ConcernsOf the three types of income property, industrial property requires the greatest degree of technical expertise and experience. Likewise, financing the acquisition of an industrial income property can be, at best, very risky without adequate planning and know-how. How To Find An Experienced Monticello Illinois Realtor Finding a professional Monticello Realtor in Illinois is thebest way to find the perfect property or home. A licensedrealtor can assist you in locating the type of property youwant in the price range you desire. Unravelling The Real Estate Buying Process in Canada If you're a foreign national thinking about investing in the real estate market in Canada here's a run down of the typical buying process you should expect to encounter together with a general explanation of mortgages available to assist with the purchase.First things first though, you have to find your ideal property of course!But let's assume you've done that with the help of a good estate agent and you're ready to move forward with an offer. Boston Real Estate - You Still Have Considerable Control Over the Sale of Your Boston Home Boston real estate is a hot topic. Daily newspaper articles comment on whether or not a bubble exists in the Boston real estate market, when and if it will pop, how interest rates affect the market, why Boston residents are snapping up interest-only loans, and how foreign investors in our treasuries keep interest rates low. Zero Down Real Estate Investing Zero down? Why would a seller want to walk away from closing with nothing? Well, they wouldn't, and that brings up the most important point about real estate investing with no downpayment: The seller almost always needs cash at closing, but it doesn't have to be YOUR cash.A Zero Down ExampleI'm selling a small rental property right now, with payments of $400/month. 10 Important Tips to Successful Real Estate Investing When it comes to investing, everybody has certain goals and aspirations. However, we have found that there are certain guidelines every aspiring real estate investor needs to know:1. How to Qualify For 90% Plus Commercial Financing!!! There are three important questions that you must understand and answer correctly in order to achieve 90% plus commercial financing! Where to go to locate it? What type of project will qualify? And last, how to negotiate for it?To start, you must understand the lender's mindset?.. Russ Whitney and Real Estate Investing Gurus There is curently a huge real Estate boom in America today. Little does the world know that this boom has some to do with all of the real estate guru's out there. Refinancing Your Home Loan? When Should You Refinance Your Home? If you have a current mortgage and are unhappy with the interest rate or the amount of the monthly payments, it is possible to refinance your home and eliminate your problems. But before you call your lender, there are some questions that you should ask yourself in order to determine whether or not it's the right time for refinancing your mortgage loan. Internet Battleground for Future of Residential Real Estate Real estate agents are gearing up to face the biggest shift in their industry since it's beginning. No longer the first in the path of homebuyers and sellers, agents have gone from top feeders to the bottom feeders with real estate consumers in just a few years. |
home | site map |
© 2006 TIGER MEDIA |