Welcome to part 4 of this 4-part series on building wealth through real estate. Last, but certainly not least, tax savings are a huge benefit of real estate investing. The IRS allows real estate investors to deduct certain expenses, one of the most significant being depreciation. Depreciation allows you to deduct the cost of your …
Two Ways to Ensure Your Pool Will Be a Positive Thing; Not a Problem By Jennifer Kirby – Guest ColumnistAugust 30, 2024 A pool is a great investment. It’s an investment in your enjoyment, health, entertainment, and memories for years to come. It keeps the kids and grandkids coming back. Also, if you don’t have …
According to the National Association of Realtors® (NAR), 7% of homes sold last year were For Sale By Owner. This ties the all-time lowest percentage recorded in 2021. Clever Real Estate recently did a survey of 1,000 sellers to find out why they chose not to have an agent. Sellers who opted to sell their …
I believe buying real estate in Johnson County, KS is a fantastic way to build long-term wealth. It’s an especially great place for first-time home buyers, because of how relatively affordable it is to buy a house here. You can usually depend on home appreciation in Johnson County to stay just above inflation. Plus, the …
Having the most accurate home sale info is important for many reasons. If you live in the Greater Kansas City Metro and are curious what’s going on in your neighborhood, or want the quickest, most accurate info for homes coming on the market, I suggest having your real estate agent set you up with notifications …
There is a shortage of multi-family properties available for sale right now in Johnson County (i.e. duplexes, triplexes, and fourplexes). Why? It’s because multi-family properties are selling fast in Johnson County! As I type this, there are currently only 8 active multi-family listings on the market right now in Johnson County. That’s insane! To …
equity – noun eq·ui·ty | \ ˈe-kwə-tē \ The value of a mortgaged property after deduction of charges against it. Merriam-Webster.com. https://www.merriam-webster.com Equity is the difference between what your house is worth and what you owe on it. For example: a $400,000 house with a $250,000 mortgage, has about $150,000 in equity. This number increases …
You’ve likely heard the old saying “You never get a second change to make a first impression.” This is especially true when selling your house. Buyers are often bombarded with information during the home buying process. That means they can sometimes be quick to eliminate houses they don’t like for the smallest of reasons. As …
Virtually everyone who sells a house wants sell it for the most money possible. A good real estate agent can make that happen. However, pricing your home too high can actually do the opposite. Let’s talk about how overpriced homes cost sellers money. Most people have certain preconceived notions about real estate. There’s a desire …
Qualifying for a mortgage often requires some very specific criteria. And any time you make changes to your financial situation, your ability to qualify can change. That’s why it’s crucial to be careful regarding your finances throughout entire processes of buying a home. This includes from the time you receive your loan approval, all the …