|Real Estate Information|
Why You Should Rent To Live And Buy To Invest
Why you should Rent a place to live in and Buy a place for Investment - Did you know that in your Bank's Accounts "Your House" is placed in "Their Asset Book." That means that the house you own and live in, is a "Liability."
Rent Your Home; Don't Buy It;
From the desk of Colm Dillon ...
Hello Colm here ...
So Why Do The Majority Of Us
Countless articles have been written over the years on the wealth 'make up' of the richest people. While the percentage may vary depending on the individuals leaning, the real estate proportion will vary between 20% to 35%.
Here's a thought for the day; It's the basis of this report; It's one of the Tools you should use to create Wealth; so think about it before moving on!
In The Banks Accounts,
That Must Mean, That In Your Personal Accounts Your Home
"IS A LIABILITY"!
I want you to keep that thought in your 'open mind' as you grapple with this new concept. I write these articles to make you THINK and that can sometimes make you uncomfortable.
It's Hard to Justify Borrowing Money To Buy A "HOME."
Sorry, but it's economically very difficult, in wealth development terms, to justify buying real estate for you to live in, if you have to borrow money to do it, unless you put a massive monetary value on your emotions.
Please understand my purpose in writing this report and associating it to a site about real estate development.
A lot of us have to be financially smart to be able to accumulate enough capital to do our first development ... so this is for those people ... but maybe there are a few ideas in it for the rest of us as well ... so read on.
This wealth development concept, based on renting, was given to me many years ago by one of the most interesting and provocative speakers on economics I have ever heard.
He's name is Phil Ruthven and he created a company, Ibis International, an economic analysis and forecasting company. Phil also writes for the Financial Review and is in high demand as a speaker on economics.
By any reasonably observation, Phil is successful; both professionally and financially and so can buy a home, if and when he wants.
He doesn't, he chooses to rent and his reasoning goes something like this.
"When I started life as an adult," he said, "I was a 'single person' and my single status defined my real estate accommodation needs.
Later I became a 'twosome' and my real estate housing needs changed for the first of many changes.
When the twosome became threesome or foursome, by definition, our housing needs changed yet again.
Later in life, when kids grow up I will become a twosome again."
Now Phil contends that on top of our family profile changing, our work situation also changes; maybe a move interstate, which further complicates this equation.
In a scenario like this every time real estate is bought or sold and not rented, there are Stamp Duty, Legal Fees and agents Commission to be paid PLUS the costs you expended on decorating each home.
Add it up! You are talking about 'many' tens of thousands of dollars paid by you as a direct result of the choice you made to Buy Real Estate To Live In out of your net after Tax Income.
So Phil told his audience, "he has rented his real estate accommodation for more years than he cares to remember."
"Renting," he continued, "allows me to change my place of residence, at the lowest cost, having regard to my family's changing needs."
He further improves the deal by pre-paying his rent, sometimes for a number of years, and getting a handsome discount from the landlord. When his needs or mood changes again, he just moves on and repeats the process.
"But what about all that lost rent he had to pay?" I hear you say, "that surely reduces your wealth development."
And I say, "what about all that interest you pay on your non tax deductible home loan?"
Understand 'Rent and Interest' are money that comes out of your 'net after tax' pocket, we just call them different names; that's all!
In Phil's case he has clearly segmented his personal real estate accommodation, as rental, from his real estate investment ownership accommodation, maximizing the benefits of the wealth growth tools and enhancing his wealth development with little interruption to his lifestyle.
The Real Estate Development Coach
Author of "Residential Development Made Easy"
Copyright Colm Dillon, October 2003
Colm Dillon author of "Residential Development Made Easy" the only 'How To' Become a Developer eBook, selling in 38 Countries, has developed $1.2 Billion worth of real estate - read more on his web site http://realestatedevelopmentcoach.com/realestatedevelopment.html
Associa Vice President Co-Hosts Real Estate Radio Show GlobeNewswire
Sold: Search the latest Macon County real estate transfers Herald & Review
Real Estate: Office still a question mark as industrial remains strong in 3Q - Fort Worth Business Press
Real Estate: Office still a question mark as industrial remains strong in 3Q Fort Worth Business Press
Tampa real estate overview msnNOW
Dallas is 2020's top commercial real estate market The Dallas Morning News
Look who’s Arrived: Tech vets launch Seattle real estate startup to crowdfund rental home investing - GeekWire
Look who’s Arrived: Tech vets launch Seattle real estate startup to crowdfund rental home investing GeekWire
Real Estate: Make These Moves in a Tight Market http://www.huntingtonNow.com
Houston-based real estate company Stewart posts bump in sales Houston Chronicle
Southern California real estate investor purchases one of San Jose's first skyscrapers - Silicon Valley - Silicon Valley Business Journal
Southern California real estate investor purchases one of San Jose's first skyscrapers - Silicon Valley Silicon Valley Business Journal
Historic downtown San Jose tower is bought by veteran real estate firm Marin Independent Journal
Commonwealth relocates a court from Cambridge to Woburn—again Boston Real Estate Times
Second Wave: What Real Estate Can Expect if NYC Goes Through Another Lockdown Commercial Observer
4Q will be commercial real estate's big reveal, M&T says American Banker
Real Estate Sales Breaking Records, With Leelanau Leading The Way Traverse City Ticker
Real estate broker confidence plunges to another record low, REBNY says Crain's New York Business
XIN: Xinyuan Real Estate, a developer of large-scale residential projects in China, benefits from China's growing economy and positive demographic trends - Zacks Small Cap Research
XIN: Xinyuan Real Estate, a developer of large-scale residential projects in China, benefits from China's growing economy and positive demographic trends Zacks Small Cap Research
New Suburbanites Fuel Rising Winnetka Luxury Real Estate Market Winnetka, IL Patch
Real Estate Minute – 10-22-2020 KFDX - Texomashomepage.com
Prominent real estate agency names new chief marketing officer Business Observer
Cautious movement in U.S. commercial real estate Mortgage Professional America
Commercial real estate appraiser urges lenders, landlords to work with tenants to keep them in place - KITV Honolulu
Commercial real estate appraiser urges lenders, landlords to work with tenants to keep them in place KITV Honolulu
Real Estate Transfers For Oct. 15-21 The Chattanoogan
Real estate transactions: Nearly 20 Houston buildings sell in separate portfolio transactions - Houston Chronicle
Real estate transactions: Nearly 20 Houston buildings sell in separate portfolio transactions Houston Chronicle
Memphis industrial commercial real estate market awash in construction, both build-to-suit and speculative. - Memphis Business Journal
Memphis industrial commercial real estate market awash in construction, both build-to-suit and speculative. Memphis Business Journal
Martha's Vineyard News | Recent Real Estate Transactions: Week Ending Oct. 16 - The Vineyard Gazette - Martha's Vineyard News
Martha's Vineyard News | Recent Real Estate Transactions: Week Ending Oct. 16 The Vineyard Gazette - Martha's Vineyard News
Fast 50 — No. 38: Linville Team Partners, Winston-Salem, real estate brokerage - Triad Business Journal
Fast 50 — No. 38: Linville Team Partners, Winston-Salem, real estate brokerage Triad Business Journal
Karla Murtaugh Local Real Estate Market Report: 358 Homes Sold in 2020 Outpacing 2019 by 39% - HamletHub
Karla Murtaugh Local Real Estate Market Report: 358 Homes Sold in 2020 Outpacing 2019 by 39% HamletHub
Ohio Police & Fire nabs Oaktree for real estate Pensions & Investments
Suddenly, the Hartford area’s real estate market is red hot; home sales are third highest in nation - Hartford Courant
Suddenly, the Hartford area’s real estate market is red hot; home sales are third highest in nation Hartford Courant
'We Were Moving Money': Real Estate Lawyers Describe Surprising Boon of 2020 | Connecticut Law Tribune - Law.com
'We Were Moving Money': Real Estate Lawyers Describe Surprising Boon of 2020 | Connecticut Law Tribune Law.com
Asana Partners & Capital Real Estate Group Repositioning Original Coca-Cola Bottling Co. Building for Single-Tenant Office - PRNewswire
Asana Partners & Capital Real Estate Group Repositioning Original Coca-Cola Bottling Co. Building for Single-Tenant Office PRNewswire
Seeley-Swan real estate - What just happened? Seeley Swan Pathfinder
See how the Spring, Klein real estate market fared in August 2020 Community Impact Newspaper
Fifth Third makes second investment in Cleveland real estate firm Cincinnati Business Courier
Oak Hill Advisors Announces Appointment Of Matt Borstein To Lead The Firm's Real Estate Investment Activities - PRNewswire
Oak Hill Advisors Announces Appointment Of Matt Borstein To Lead The Firm's Real Estate Investment Activities PRNewswire
Real Estate Transactions 10-22-2020 St. Charles Herald Guide
Recent Commercial Real Estate Transactions The New York Times
REBNY presents PropTech Challenge at Connected Virtual Tech Event Connected Real Estate Magazine
CRE - California Commercial Real Estate News ConnectCRE
Public Record: Coshocton County Real Estate Transfers Coshocton Tribune
Haute Residence Real Estate Network Continues Partnership With Blue Zone Realty International - Yahoo Finance
Haute Residence Real Estate Network Continues Partnership With Blue Zone Realty International Yahoo Finance
North Jersey poised to become one of U.S.'s hottest real estate markets in 2021, survey says - NJ.com
How to Buy Real Estate by Paying the Back Taxes Motley Fool
How savvy investors leverage mineral rights to diversify their real estate portfolio - Houston Business Journal
How savvy investors leverage mineral rights to diversify their real estate portfolio Houston Business Journal
Real Estate Review Friday, October 23, 2020 Davis Enterprise
Fast 50 — No. 46: GEMCAP Development LLC, Winston-Salem, real estate Triad Business Journal
Whoever Wins the Presidential Election, It Won't Upend Commercial Real Estate Returns - Commercial Observer
Whoever Wins the Presidential Election, It Won't Upend Commercial Real Estate Returns Commercial Observer
Chicago ranks 44th in annual 'Emerging Trends' real estate survey Crain's Chicago Business
Amazon, Rexnord building openings boost local 3Q real estate performance - Milwaukee Business Journal
Amazon, Rexnord building openings boost local 3Q real estate performance Milwaukee Business Journal
COVID-19: Real Estate - A 50-State Guide to COVID-19 Property Policies and Regulations - October 2020 #3 - JD Supra
COVID-19: Real Estate - A 50-State Guide to COVID-19 Property Policies and Regulations - October 2020 #3 JD Supra
Uber Founder Turns Real-Estate Mogul for Ghost Kitchen Startup The Wall Street Journal
Welcome to Real Estate Friday! theberkshireedge.com
Darien and Rowayton Real Estate Report: Oct 15 to 22 darienite.com
Real-estate transactions: Oct. 23, 2020 - News Peoria Journal Star
New York City real estate leaders talk about what they want in the next New York City mayor - Crain's New York Business
New York City real estate leaders talk about what they want in the next New York City mayor Crain's New York Business
Is medical real estate immune to COVID? Modern Healthcare
Some Real Estate Investors Are Putting More Money in One Basket The New York Times
Travis Kalanick cooks up a real estate empire The Real Deal
3rd quarter Ferndale real estate market summary My Ferndale News
Adaptive Reuse is the Future of Commercial Real Estate Commercial Observer
Martha's Vineyard News | September Real Estate Sales Shattered Records - The Vineyard Gazette - Martha's Vineyard News
Martha's Vineyard News | September Real Estate Sales Shattered Records The Vineyard Gazette - Martha's Vineyard News
Purchasing Land: What To Look For
It doesn't take long to realize that finding the right piece of property is the most important aspect of new home construction. In a development, restrictions and easements have already been sorted out, but if you are looking for a stand-alone piece of vacant land, you're on your own.
Property Investment: Spoiled for Choice in Europes Emerging Markets
You could be forgiven for thinking that property is the new dot.com.
Why Canadian Real Estate is Such Good Value
Real estate agents, Canadian citizens and foreign investors interested in the Canadian property market are all in agreement - as Canada becomes a more desirable place to live year on year so property investment in Canada becomes a more attractive prospect year on year.Furthermore, because property in Canada is high quality, plentiful, incredibly affordable and easy to purchase, real estate in Canada is good value across the board.
Estate Agents on the Costa Blanca Spain
Properties for sale or to rent on the Costa BlancaAs a general rule of thumb, newly built properties on the Costa Blanca are generally cheaper than existing or re-sale properties - cheaper still if you buy 'off plan' (before the house has been started). Property prices have rocketed here over the last five - ten years and many fortunate people have found that their properties have grown in value enormously even before they had moved in! Even though the market is now leveling out, a property in Spain is still an extremely good investment.
What Should You Do If Your Home Isn't Selling?
It can be very frustrating to put your home on the market, expecting a fast sale, only to find that after six months you're still waiting for an offer. What can you do?First, determine if it's a result of timing.
Real Estate Bubble Adding Price and Risk to Location, Location, Location Mantra
Real estate investors familiar mantra location, location, location are nervously replacing the second and third locations with price and risk. As home prices rise to new levels daily and worries that some markets homebuyers are jumping into might start to loose air, their appetite for risk is creating some sleepless nights.
Home Owner Association Restrictions - Read Before Buying
Many communities have associations for homeowners, property owners, condo owners, or similar associations. The presence of a homeowners association, also known as "HOA", introduces another layer of rules and regulations to consider when buying a home.
Real Estate Investing - "The Neighborhood Factor"
Real estate investing can be a dream career when the process of buying and selling is mastered. The biggest challenge in real estate investing is not the money to get started or the availability of the product.
The Art & Science of Property Valuation -- Automated Valuation Models
It is no secret that sellers want to sell high and buyers want to buy low. But they often arrive at the negotiating table with very different ideas on price.
A Real Estate Primer
There are a great many books and web sites devoted to real estate investing out there, but most of them concentrate on one specific area of investing. It's often hard to find a general description of real estate investing, one that lists the various real estate investing strategies and how to get started.
Industrial Income Property Financing: Part 3 of 3
Financial ConcernsOf the three types of income property, industrial property requires the greatest degree of technical expertise and experience. Likewise, financing the acquisition of an industrial income property can be, at best, very risky without adequate planning and know-how.
How To Find An Experienced Monticello Illinois Realtor
Finding a professional Monticello Realtor in Illinois is thebest way to find the perfect property or home. A licensedrealtor can assist you in locating the type of property youwant in the price range you desire.
Unravelling The Real Estate Buying Process in Canada
If you're a foreign national thinking about investing in the real estate market in Canada here's a run down of the typical buying process you should expect to encounter together with a general explanation of mortgages available to assist with the purchase.First things first though, you have to find your ideal property of course!But let's assume you've done that with the help of a good estate agent and you're ready to move forward with an offer.
Boston Real Estate - You Still Have Considerable Control Over the Sale of Your Boston Home
Boston real estate is a hot topic. Daily newspaper articles comment on whether or not a bubble exists in the Boston real estate market, when and if it will pop, how interest rates affect the market, why Boston residents are snapping up interest-only loans, and how foreign investors in our treasuries keep interest rates low.
Zero Down Real Estate Investing
Zero down? Why would a seller want to walk away from closing with nothing? Well, they wouldn't, and that brings up the most important point about real estate investing with no downpayment: The seller almost always needs cash at closing, but it doesn't have to be YOUR cash.A Zero Down ExampleI'm selling a small rental property right now, with payments of $400/month.
10 Important Tips to Successful Real Estate Investing
When it comes to investing, everybody has certain goals and aspirations. However, we have found that there are certain guidelines every aspiring real estate investor needs to know:1.
How to Qualify For 90% Plus Commercial Financing!!!
There are three important questions that you must understand and answer correctly in order to achieve 90% plus commercial financing! Where to go to locate it? What type of project will qualify? And last, how to negotiate for it?To start, you must understand the lender's mindset?..
Russ Whitney and Real Estate Investing Gurus
There is curently a huge real Estate boom in America today. Little does the world know that this boom has some to do with all of the real estate guru's out there.
Refinancing Your Home Loan? When Should You Refinance Your Home?
If you have a current mortgage and are unhappy with the interest rate or the amount of the monthly payments, it is possible to refinance your home and eliminate your problems. But before you call your lender, there are some questions that you should ask yourself in order to determine whether or not it's the right time for refinancing your mortgage loan.
Internet Battleground for Future of Residential Real Estate
Real estate agents are gearing up to face the biggest shift in their industry since it's beginning. No longer the first in the path of homebuyers and sellers, agents have gone from top feeders to the bottom feeders with real estate consumers in just a few years.
|home | site map|
|© 2006 TIGER MEDIA|