The holidays are over and the New Year is well underway! Kansas City’s spring real estate market will be here before you know it. Spring may be a popular time to sell your home, but there’s a lot that goes into it. If you’re planning to sell your house this spring, NOW is the time …
REALTORS® sometimes get a bad reputation, and it’s not entirely undeserved. The barrier to entry in real estate is low, leading to a wide range of skill levels, ethics, and professionalism. But there are plenty of exceptional agents out there, and most I work with daily are outstanding professionals. When the emotions of a sale …
The Housing Affordability Crisis Housing affordability continues to be a problem for many areas throughout the United States. Home prices have surged, interest rates have essentially doubled. Meanwhile, home builders haven’t really kept with demand since coming out of the Great Financial Crisis of 2008. In response, the Donald Trump administration, together with the Federal …
What is Market Value (Cost) When purchasing a home in Kansas City, it’s important to understand the difference between cost and value in real estate. In other words, the “FOR SALE” price doesn’t determine market value. The best way to illustrate my point is with an example like this: Which buyer got the better deal? It depends. To answer …
The Bureau of Labor Statics says that Americans across all income levels spend between 25-30% of their income on housing. That’s a massive portion of your income, no matter who you are. What if you were able to invest that money instead, or take an extra vacation each year? It’s actually possible. It requires a …
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 the team wanting to hit 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 …
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 …
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 …