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 …
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 …
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 …
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 …
People often ask me: “Is remodeling my home a good investment?”. Other times it’s stated as fact: “Remodeling IS ALWAYS a good investment. Any money I put into my house, I’ll get back when I sell it”. My response is typically the same: “Well, maybe, but not likely”. In our article, Cost vs Value: What’s …
What is Rent-To-Own? If you’re having trouble finding a house to buy, or even getting a mortgage, you might be wondering if “rent-to-own” is a good option. Rent-to-own, or lease-purchase, is where a tenant agrees to lease a home and eventually purchase it from their landlord. Usually, the tenant pays a large down payment at …
Whether you’re buying or selling real estate, how do you know what’s included in the sale of a house? Presumably, you’re buying or selling the house itself and the land on which it sits. But what about the fancy refrigerator, home theater, or smart thermostat? It depends. Typically, anything “permanently attached” should stay. However, it …
What’s An Escalation Clause? The greater Kansas City metro is still a seller’s market. Currently, it’s still very common for sellers to receive multiple offers on their house. When that happens, it’s common to see offers that include an Escalation Clause, also known as an Escalatory Addendum. Simply put, an escalation clause states a buyer …
Cost vs Value: Market Value When purchasing a home, it’s important to understand the difference between cost vs value in real estate. In other words, asking price doesn’t determine market value. The best way to illustrate my point is with an example like this: Buyer #1 pays $350,000 for a house that was listed for …