Getting Started in Real Estate: Why Waiting Isn’t the Best Option When you think about the Kansas City Royals, it’s easy to imagine a team that hits home runs to win games. But if the Royals only relied on home runs, they wouldn’t be very successful. While home runs are exciting, they are not the …
You’ve certainly heard about house prices going up over the last several years. When that happens, your property taxes are likely to go up. However, that doesn’t mean the value assessed by the county is correct. If you believe the county’s assessed value is too high, you have the option to appeal it. Here’s how …
The holidays are over and the new year is here! Spring will be here before you know it. Spring is a popular time of year to sell your home, but there’s a lot that goes into it. If you’re planning on selling this spring, NOW is the time to start making your plans. Here is …
In the world of real estate, the term “as-is” can mean different things to different people. When buying real estate, you might think “as-is” equates buying to some dilapidated money pit. When selling real estate, you might think “as-is” means you’re able to pass on your problems to the next person without any repercussions. However, …
What questions do you have about real estate? More importantly, what questions have you never thought to ask? Famous jazz composer and trumpeter Miles Davis once said “Don’t play what’s there, play what’s not there.” There are a couple ways you could interpret what he said. 1. Micro Level: Musicians have to know what belongs and what …
In real estate school, they taught us to determine a property’s value using price per square foot (PPSF). Essentially, dividing the average sale price for a neighborhood by the average square footage to determine an average PPSF. Multiply your PPSF by the house’s square footage to determine it’s value. It’s simple enough way to value …
In the age of the internet, it’s very easy to have information overload. It’s definitely true in real estate. There are over 800 single family homes for sale in Johnson County right now; 211 in Overland Park alone. Inventory is relatively low, but that’s still a lot of houses. So, it’s very easy to spend …
Welcome to this 4-part series on building wealth through real estate investment! In this series, we’ll explore the four key ways rental properties can help you grow your wealth: cash flow, debt paydown, appreciation, and tax benefits. When done correctly, real estate is a powerful tool for diversifying your retirement portfolio. Plus, with four distinct …
Welcome to part 2 of this 4-part series on building wealth through real estate. One of the key strategies in real estate investing is leveraging debt to increase your returns. In simple terms, leveraging means borrowing money (a mortgage) to fund the purchase of a property. This give you the benefits of owing a more …
Welcome to part 3 of this 4-part series on building wealth through real estate. The next crucial pillar in real estate investing is appreciation. Over time, property values tend to increase due to inflation, demand for housing, and the inherent value of land itself. This rise in property value means that the asset in which …