Once upon a time, there was a wise old man named Harold. Harold had lived a long and fruitful life, but he was worried about his financial future. He had saved up a good amount of money, but he wasn't sure how to make it last for the rest of his life.
One day, Harold heard about something called a reverse mortgage purchase. He was intrigued and decided to do some research. He learned that a reverse mortgage purchase is a way for seniors to use the equity in their homes to purchase a new home without having to make monthly mortgage payments.
Harold was skeptical at first, but the more he learned, the more he realized that a reverse mortgage purchase could be just what he needed. He had always dreamed of living in a warmer climate, but he didn't want to spend all of his savings on a new home.
With a reverse mortgage purchase, Harold could use the equity in his current home to purchase a new home in a warmer climate. He wouldn't have to make any monthly mortgage payments, and he could still keep his current home as a rental property.
Harold was thrilled with the idea, but he wanted to make sure he understood all of the details. He spoke with a financial advisor who explained that a reverse mortgage purchase is a way to leverage your money.
By using the equity in your home to purchase a new home, you are essentially using other people's money to make the purchase. This allows you to keep more of your own money in the bank, where it can earn interest and grow over time.
Harold was impressed with the concept and decided to move forward with a reverse mortgage purchase. He found a beautiful home in a warmer climate and used the equity in his current home to make the purchase.
He was thrilled to be living in his dream home without having to make any monthly mortgage payments. He was also happy to have his current home as a rental property, which provided him with additional income.
Harold realized that a reverse mortgage purchase was a smart financial move. By leveraging his money, he was able to make a big purchase without depleting his savings. He was also able to enjoy his retirement years in a beautiful new home.
In the end, Harold was grateful for the opportunity to learn about reverse mortgage purchases. He knew that he had made a wise decision and was excited to see what the future held. He continued to live his life to the fullest, knowing that he had made a smart financial move that would benefit him for years to come.
How mortgage recasting can lower your mortgage payment
You took out a $400,000 mortgage loan at a 5% interest rate with a monthly payment of $2,147. Ten years later, your outstanding balance was $325,368. You decided to recast a mortgage for a $250 fee. You put $60,000 toward the principal balance to re-amortize the loan, reducing the balance to $265,368.
After recasting, your monthly payment decreased to $1,751 — $396 less than what you used to pay. In this scenario, you’ll pay $34,000 less in total interest throughout the rest of the loan’s life.
Redfin housing market report shows home prices, inventory levels and more. Housing market supply is still low which is keep home prices elevated. Real estate investors are still buying but are slowing down the amount of homes they are buying. Will home prices drop this fall and winter. Some economist do see home prices falling in the housing market during the fall and winter months.
With the funds rate at 5 percent-5.25 percent and both consumer and producer inflation on a downward path, interest rates are now positive in real terms.
In this episode of the AZREIA show, host Marcus Maloney and co-host Mike Del Prete are joined by Mark Zinman, an attorney from Zona Law Group, to discuss all things law and legislation related to landlord-tenant and real estate matters.
The episode covers issues such as tenant complaints, risk management, and creative financing options for real estate investors.
The conversation is helpful for anyone who owns and rents out property, from single-family homes to multi-family complexes.
I highly recommend giving it a listen. And as always, don't forget to subscribe to the AZREIA Show for more great content every Friday at 8 a.m. Thanks for tuning in!
Key Takeaways:
[00:03:01] Landlord-friendly state or not. [00:06:09] President's blueprint for renters' rights. [00:08:05] Renter's rights and fair leases. [00:13:27] Tenant's right to an attorney. [00:13:41] Eviction and rental assistance. [00:18:53] Tenant screening is critical. [00:19:55] Property management and liability. [00:25:49] Protected class source of income. [00:26:18] Discrimination against a source of income. [00:29:15] Small landlords impacted by policies. [00:32:24] Section 8 and Rental Contracts. [00:36:11] Anti-manufactured home communities. [00:39:00] Take Action and Generate Awareness.
Connect with Mark Zinman at: www.zona.law | (480) 949-1400 | mark@zona.law
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☑️ Everyone new to Real Estate Investing Our Entrepreneurial Self Assessment is designed for you to understand if Real Estate Investing is right for you and if so, if you are best suited for active or passive investing.
Our membership is a community consisting of independent real estate investors who invest in: 🏡 SINGLE FAMILY 🏙 SMALL MULTI-FAMILY 🏡WHOLESALERS ✍️ NOTES
Educational opportunities are plentiful and delivered through AZREIA’s own education program and in collaboration with outside education providers.
🎓AZREIA’s Core Education Classes are specifically designed for new investors to develop their critical skills quickly and effectively.
🎓Our strategy classes are provided through AZREIA and others and deliver an advanced level of knowledge.
Join the Deal Finders Club, NOW! http://www.azdfc.com 🤝 Struggling to get your real estate business off the ground? Short on time or do you just feel stuck? The Deal Finders Club is a community of like-minded individuals committed to holding each other accountable, signing more contracts, and closing more deals so they can achieve financial freedom and live life on their own schedule.
The Solo 401k: Real Estate Investing’s Secret Weapon by | Apr 27, 2023 | Investment Strategy, IRAs, Webinar Categories | Investment Strategy | IRAs | Webinar Tags | IRAs Related Posts What to Consider When Establishing Commercial Real Estate KPIs by | Jun 14, 2023 | Article, Commercial,...
This segment originally aired on June 15, 2023. Barbara Corcoran is probably best known as a "Shark" on the show Shark Tank. But her big start came when she founded the real estate firm The Corcoran Group, which gives her a unique perspective on the state of real estate. In an interview with Yahoo Finance's Seana Smith, Corcoran says that right now is "the absolute best time to buy a home." Corcoran gives two reasons why. First, mortgage rates will eventually come down and, when they do, homeowners will be able to refinance. Second, once rates do come down, buyers will flood into the market and push home prices up. Once rates fall "substantially," Corcoran says, "everybody's going to charge the market." For those who are looking to renovate, Corcoran says it's still a good time to do that too because the cost of materials has come down.
After several years of double-digit percentage increases, apartment-rent growth is falling for only the second time since the 2008 financial crisis.
WSJ’s Will Parker joins host J.R. Whalen to discuss why rents are declining, and what could drive them higher again.
0:00 How much rents have risen over the years 0:56 Rent declines 1:40 Economic factors causing the shift 3:58 What this means for landlords 5:15 Factors that could cause rent to rise again
Your Money Briefing WSJ's personal-finance podcast features the news that affects your money and what you do with it, breaking down complicated money questions from spending and saving to investing and taxes.
Tucson AZ Real Estate: Market Update & Forecast | June 2023
Join real estate agent Kimberly Mihalka in this video while she shares the market update for Tucson AZ Real Estate. She discusses the current market conditions and give you a forecast for what may be in store for the future.
If you're looking to buy or sell a property in Tucson, be sure to watch this video! We'll give you an overview of the current market conditions. This will help you make the best decision for your real estate needs!
CONTACT REAL ESTATE AGENT Kimberly Mihalka about Buying, Selling, and Investing in Real Estate in Tucson, Arizona, or Contact Kimberly about Becoming A Real Estate Agent:
▻ CALL OR TEXT: 520-235-2011 (Please leave message if I do not answer right away; I will respond quickly).
▻ SUBSCRIBE to My YouTube Channel To Learn More About Tucson, Arizona, Its Surrounding Areas, and Real Estate In General: https://www.youtube.com/channel/UCqVw1S3jI0XugX9lzR-HCAg ___________________________________________________
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DISCLAIMER: Some of these links go to one of my websites or affiliate links. If you make a purchase, I may earn a small commission at no additional cost to you.
The videos on this YouTube Channel are all for Entertainment purposes only. Please consult your Real Estate Agent, Tax Accountant, Attorney, Financial Advisor, and Mortgage Lender before you invest in Real Estate or any other financial venture.
2024 presidential candidate Robert F. Kennedy Jr. tells Tucker he seeks to put an end to corporate control of government on 'Tucker Carlson Tonight.' #foxnews #tuckercarlson
FOX News Channel (FNC) is a 24-hour all-encompassing news service delivering breaking news as well as political and business news. The number one network in cable, FNC has been the most-watched television news channel for 18 consecutive years. According to a 2020 Brand Keys Consumer Loyalty Engagement Index report, FOX News is the top brand in the country for morning and evening news coverage. A 2019 Suffolk University poll named FOX News as the most trusted source for television news or commentary, while a 2019 Brand Keys Emotion Engagement Analysis survey found that FOX News was the most trusted cable news brand. A 2017 Gallup/Knight Foundation survey also found that among Americans who could name an objective news source, FOX News was the top-cited outlet. Owned by FOX Corporation, FNC is available in nearly 90 million homes and dominates the cable news landscape, routinely notching the top ten programs in the genre.
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