Author Archive
Definition of a Traditional IRA
A Traditional IRA (Individual Retirement Arrangement) is one of the most popular methods Americans use to save for retirement since it is an extremely versatile and simple. A Traditional IRA is a personal savings plan that gives you tax advantages for setting aside money for retirement. Taxpayers want to invest in an IRA, but when […]
Definition of an Interest Only Mortgage
The interest only mortgage is a relatively new term, and not many home buyers are aware of its existence. An interest only mortgage is the only type of mortgage loan that has regular monthly payments that are only applied towards interest on the loan, and not the principal for the first years of the term […]
Myths and Reality of Guaranteed Car Finance
Guaranteed car finance companies have helped thousands of customers who have different past credit problems to finance the purchase of a new or used car. Some people need guaranteed car finance simply because they have no credit history. So, thank goodness for guaranteed car finance arrangements whereby you can find a car you like and […]
Simple Guide to Real Estate Investment Property Evaluation
In this post, I am going to show the exact steps I take to evaluate a potential real estate investment property. The focus will be on single family residences, but this method can be applied to other types of property. Also, I am going to include the actual spreadsheet I use to input the obtained […]
The Debate Over Buying a New or Used Car
Deciding whether to buy a new or a used car can be difficult. When considering your options, which of these three do you fall under:
1. I am looking for a particular car, and am not concerned with its depreciated value over time.
2. I am looking for a balance between […]
Definition and Benefit of a Roth IRA
The Roth IRA is relatively new to the investment world, having only been on option since January 1, 1998. It was created as a result to the Taxpayers Relief Act in 1997 to help Americans better save for their retirement.
For some people (I generally think that in the long run, the Traditional IRA is the […]
Basic Steps to Repairing Your Credit
Credit Repair is generally the process of bringing “back to life” your credit history and raising your credit score. Credit repair is the process of restoring your financial reputation. Credit repair is completely legal as long as you follow the rules and guidelines provided by The “Fair Credit Reporting Act”. The “legal” steps to credit […]
You Must Know This Before Investing in Real Estate
Sound too good to be true? It isn’t it. The concept and recipe for success in real estate investing is very easy to understand, but very difficult to do. Forget everything you have heard from the “gurus”, and the promise of making sweet deal after deal with no money down that is going to pay […]
How to Choose a Partner for Real Estate Investing
Now don’t misunderstand me here. I am not trying to say that having a partner(s) is a bad thing when investing in real estate, in fact, many times it is a great thing. Partners help to limit the risk of a particular real estate deal, and can provide alternate opinions, and bring needed capital to […]
To Consolidate or Not to Consolidate Your Student Loans
Find it hard to find unbiased information on student loan consolidation? Let me help with that. When I graduated from college, I had somewhere around $12,000 in student loan debt. Seeing how I would have multiple payments to different lenders, and fearing increasing rates over time (yes, your rate can vary depending on the loan […]
