It’s easy to get suckered in by a beautiful house. “I can afford it, but just barely…” you might say. But, as the largest expense on most people’s budgets, housing is the number one factor determining whether you will be able to save and invest enough to retire early - or at all.
It takes a big pot of money to retire early. And if you want to have a nice lifestyle as well, it takes millions to safely retire early. But, if you are smart about your taxes, you can reduce those numbers significantly. Here's the smartest ways to keep your income taxes low for FIRE.
Mortgage recasting is a little known but useful trick that allows you to pay down your mortgage balance and secure a lower monthly payment while keeping your original loan and rate. Read on to see when mortgage recasting makes the most sense.
Getting your house appraised can be a little intimidating if you have never done it before. Here’s a quick introduction into how the process starts, what information it is attempting to obtain, how much it will cost, and how it will end.
Real estate investing is one of the more profitable and accessible ways to invest your money, but being a landlord comes with a lot of responsibilities. Today I am going to take a look at some ways to mitigate the biggest challenges of being a landlord.
Happy Holidays! Now, a short break from our regularly scheduled programming. RFG is officially over 70 posts old! It’s time for me to thank my readers, and ask the most important question of all: where do I go now?
I’ve repeatedly seen two narratives told over and over again. First of all, debt is bad. Second, although debt is bad, having a mortgage is alright because it acts like a forced savings plan, slowly enabling borrowers to build wealth. But can't the “forced savings plan” idea can be extended beyond simply mortgage debt, if executed intelligently with low interest, short term debt?
Congrats! You are entering the insane world of being a landlord. The only rub? How much to charge. It's a very important question, and one that is a little more complicated to answer than it may seem at first.