How to find the Hidden Wealth in Land Banking, with Dean McConkey!

Ever heard of it? Well, “Land Banking” is the practice of buying pre-developed land in the path of growth. Historically, some of the largest fortunes have been southsidemade in Land Banking by the Vanderbilts, Rockerfellers, and in California. Peter Lynch of Fidelity Magellan recognizes Land Banking as one of the best places for your Real Estate asset allocations. Read More

What You Need to Know About Lease Options

Starting Point Home Solutions is familiar with the lease option process, which is a document that varies from state to state. Buyers should seek the advice of a professional before entering an agreement with a seller. Starting Point Home Solutions can guide you through process that can be beneficial if you are looking to eventually buy a home. Read More

Building Equity

Equity is the difference between the value of your home and the balance of your loan. Equity includes the down payment on the home as well as any other money put towards paying off the home. Zulika Van Heerden discusses the importance of equity in her article. The difference between what is owed on the property and what the property worth is the equity. According to Van Heerden, it is important to build equity because it helps your credit in the future and keeps from falling behind on the mortgage. The amount of equity increases with each mortgage payment. The amount of principal will decrease with every mortgage payment. Read More

Investing In Cash Flow Properties

Cash flow refers to the amount of money coming in compared to the amount of money going out. For the most part, this is an uncharted territory. It is a wise choice to invest in a Moderately Priced Property (MPP). Owning a property and renting out can create a positive cash flow if the monthly rent payment is more than the monthly mortgage payment. Read More