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6 Reasons for Rentals

Mario Gonzalez - Wednesday, October 21, 2015
Property Management Blog
Rental homes have several distinct advantages compared to alternative investments. These advantages coupled with the opportunity for a higher yield make it a clear choice for some investors.Most investments must be paid for in cash. Stocks can be purchased with 50% cash but if the value goes down, more cash has to be used to keep the marg...

Your Best Investment

Mario Gonzalez - Wednesday, October 14, 2015
Property Management Blog
According to a Federal Reserve report on Consumer Finances, homeowners' net worth is 36 times greater than that of renters. Building on that study, the National Association of REALTORS® believes that by the end of 2015, the factor will grow to 41 times greater. There can be several factors that contribute to this disparity bu...

The Cost of Co-Signing

Mario Gonzalez - Wednesday, October 7, 2015
Property Management Blog
It seems fairly innocuous; a friend or family member wants you to co-sign on a loan because they don’t qualify. They assure that they’ll make the payments; they’re quite convincing and very appreciative. You don’t want to disappoint them and after all, it’s not like it’s going to cost you anything&helli...

Finding the Best Mortgage

Mario Gonzalez - Wednesday, September 30, 2015
Property Management Blog
As rates are inching up but still very affordable, buyers should remember that there is an alternative to a fixed rate mortgage that can provide the lowest cost of housing for the homeowners who understand the parameters.  A $300,000 fixed-rate mortgage at 4% has a principal and interest payment of $1,432.25 per month for the entire ...

Cut Mortgage Insurance

Mario Gonzalez - Wednesday, September 23, 2015
Property Management Blog
Making additional payments toward the principal of your mortgage will do three things for the homeowner: save interest, build equity and shorten the term on fixed rate mortgages.  These things should be beneficial enough to justify the extra payments but another huge advantage is available to those who have private mortgage insurance...

Lower the Rate & Deduct the Interest

Mario Gonzalez - Wednesday, September 16, 2015
Property Management Blog
A home can easily be a person’s largest personal asset and it can be a powerful tool to increase financial stability also. Since most mortgages are amortizing, the loan becomes a forced savings account that reduces the unpaid balance with each payment. The equity could be used to improve a homeowner's financial position involvin...

Things That Kill Your Credit

Mario Gonzalez - Wednesday, September 9, 2015
Property Management Blog
Some people take their credit for granted and don’t start paying attention to it until they need it. The problem with this is that it could delay if not altogether cause the loan to be denied.  The most common issue is not correcting items on your credit report. A large majority of credit reports have errors but not all of them...

Checking for Water Leaks

Mario Gonzalez - Wednesday, September 2, 2015
Property Management Blog
An unexpected, larger-than-normal water bill could lead a person to think that they might have a leak. Before incurring the cost of a plumber, it is fairly easy to run your own test.  Locate your water meter. They’re usually in the front of the house, near the street. In some cases, you might need a meter key to open it; they c...

More Home for a Lower Cost of Housing

Mario Gonzalez - Wednesday, August 26, 2015
Property Management Blog
What if you could live in a larger and possibly newer home for less than you are currently? Would you consider moving? Do you want to hear more? Interest rates, while they’re expected to go up, actually took a small dip and are still hovering at the 4% or below mark for a 30 year mortgage and almost one percent less for a 15 year te...

Get Ready for College

Mario Gonzalez - Wednesday, August 19, 2015
Property Management Blog
One of the important things as a parent is to plan for their children’s education. Let’s look at two different approaches: a savings account or investing in rental real estate. Assuming your child is five years old and you start putting $250 a month in a savings account earning 2%, in 13 years you’d have $44,497.41 to pa...

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