True Facts About 4 Real Estate Reality TV Myths

True Facts About 4 Real Estate Reality TV MythsMany of us are guilty of plopping on the sofa and binge-watching reality TV home flipping shows. The allure of buying and selling homes for big profits with no boss looking over our shoulders has major lifestyle appeal.

Shows like “Love it or List it,” “House Hunters,” “Flip or Flop” and others make it look incredibly simple. Even when they face adversity such as rotted wood or bad pipes, the way the reality TV stars overcome adversity is more of an inspiration than a deterrent. And plenty of everyday people do manage to succeed in the house-flipping industry.

But many of the myths these ratings-driven shows perpetuate could use a little busting.

Consider these four common house-flipping myths and the true facts behind them.

1: Three Viewings And A Closing

Reality TV shows tend to show viewers the industry professional looking at no more than three homes before making a flipping decision. That may play into the limited time slot they have but it’s far removed from reality.

True Facts: It’s not uncommon for potential home buyers to fall head over heels for the first property they view. After all, buyers often already like the neighborhood, school system, and home style. But the National Association of Realtors reports that the average person looks at about 10 properties before making a decision. Home flippers are additionally tasked with developing a return on investment plan. Three and done is not reality, it’s just TV.

2: Homes Linger On The Market

TV shows follow home flippers who seem to have all the time in the world before making an offer.

True Facts: Most of the purchase and sale process is simply staged for television. The homes have been pre-purchased before filming. Today, we are experiencing a seller’s market, meaning there are more buyers than inventory. Homes move quickly.

3: Open Houses Are A Sure Thing

On real estate reality TV shows, the fully renovated home is amazingly staged and sells during the first open house. Multiple offers are often floated.

True Facts: Only in a perfect world or on TV does this happen. Matching properties with potential buyers requires hard work from real estate agents. They must align purchase limits, pre-approved house shoppers, family size, school systems, location, and other expectations. Most homes are sold by real estate professionals setting up appointments and making multiple showings.

4: Homeowners Make Fast-Sell Decisions

On real estate reality TV, homeowners seem to take just moments to decide whether to love it or list it. This certainly doesn’t mirror the process of ordinary homeowners.

True Facts: Homeowners sell their properties for a wide range of reasons. These may include downsizing, retirement, relocation or an expanding family among many considerations. The vast majority of people mulling over a sale also take a long look at their next home options. It’s completely unrealistic to think someone made such a major life decision in five minutes or less.

Reality real estate TV shows are wonderfully entertaining to watch. So is science fiction. Enjoy your binge-watching and speak to real-life mortgage and real estate professionals before making any major decisions. 

5 Things To Know About Severe Weather And Homeowners Insurance

5 Things To Know About Severe Weather And Homeowners InsuranceThe average homeowner feels secure knowing they have insurance in the event of a severe weather calamity. Most people believe that no matter what happens, they have paid for protection against disaster.

Unfortunately, not every homeowners insurance policy provides full reimbursement from severe weather losses. Hurricanes, tornados, earthquakes and other rare catastrophes may not be covered under your current policy.

Consider the impact of these extreme events and whether you are fully insured for the subsequent losses.

1: Hurricane Damage May Not Be Fully Covered

The recent national mobilization to deal with the fallout from Hurricane Florence highlights just how catastrophic severe weather can be to people and property. That being said, homeowners generally anticipate calling their insurance carrier to file a claim after returning home and assessing the damage.

It may come as a surprise, but many policies limit reimbursement to damage attributed to high winds. For example, a tree falls on a garage or vehicle and the insurance outfit writes a check.

But damage attributed to water can be tricky. Many policies do not cover flood insurance. That could mean that water backed up in the street or a stream, lake or pond overflowing into your home might not be covered. That’s why homeowners are advised to clarify water-related coverage.

2: Floods May Not Be Covered

People living near bodies of water may be required to carry flood insurance when applying for a mortgage. Flooding represents a high risk that can result in a total loss. Lenders are often apprehensive about approving mortgages for properties in so-called “floodplains.”

FEMA offers coverage through the National Flood Insurance Program. Homeowners living just outside a flood zone may not be required to buy additional coverage. However, you are taking a significant risk.

If your policy does not cover flooding, you could be on the hook for the full cost of the home’s repair or replacement. Considering the average flood insurance policy runs about $700, it may be worth the expense to protect your investment.

3: Tornado Insurance Coverage Can Be Murky

Although most policies cover damage from tornados, premiums can run higher in regions prone to these severe weather storms. But, like hurricanes, tornados that additionally bring about flooding can pose a problem for homeowners who make a claim. A carrier may conclude that the high wind and impact damage enjoys coverage. Water, however, can be a very gray area. 

4: Earthquakes Often Not Covered

Like people who live in flood plains, earthquake riders may be required in certain areas of the country. Without additional coverage, the destruction caused by these catastrophic events may not be reimbursed. It’s imperative that people living in or around regions prone to earthquakes carry specific coverage. Imagine losing your home and still owing a monthly mortgage payment.

The important thing to glean from this overview about severe weather claims is that homeowners are wise to dig deep into their policies and have a clear, concise understanding about coverage. Keep in mind that water damage from flooding, rain and even sewer back-ups pose a significant threat to your home. For a few dollars more, enhanced severe weather insurance may be worth every penny.

Homeowner’s insurance is a requirement for most home loans. It’s important to note that some properties at high risk may not qualify for financing or you may find that insurance for high risk properties adds too much to your bottom line. Consult your trusted home mortgage professional to find out what specific insurance is necessary to finance your new home.

What Are The Housing Market Projections For 3rd Qtr 2018 — And Beyond?

What Are The Housing Market Projections For 3rd Qtr 2018 -- And BeyondThe National Association of Realtors (NAR), in its ongoing analysis of home sales statistics, believes that prices will continue to rise during the third quarter, but that uncertainty over elections could be a factor during the second half of the year.

However, NAR’s report noted that in July, a typically lackluster month, home prices rose by about nine percent, and days on market decreased significantly, perhaps signaling a strong start for the third quarter.

National statistics don’t necessarily tell the whole story, however. In addition, what will happen in the fourth quarter is, at this point, a bit more difficult to predict. Assessments about how home prices and real estate will end the year differ from one part of the country to another.

Looking Ahead

In 381 of 500 markets that were tracked, homes stayed on the market for fewer days in July 2018 than the median time on market the previous year, even in the highest price markets, typically a sign that demand is still outpacing supply.

Dallas-Fort Worth area mortgage lenders report a noticeable slowdown over the past several months, and the inventory of homes on the market has grown. But another Texas town, Midland, ranked as the nation’s hottest market for the second month in a row in July, based on continued high demand and the speed at which homes have been selling.

The list of fast-moving markets, compiled by by Realtor.com, also places Columbus, Ohio, Boston and Fort Wayne, Ind., at the top; Dallas-Fort Worth, interestingly, ranked 17th of 20 hot markets in the Realtor.com survey.

Potential Benefits

Some housing analysts note that even slight slowdowns in select markets, coupled with rising mortgage rates, may signal a wider downturn in sales nationally, adding that it is not entirely unexpected. Many real estate and mortgage professionals, however, view any potential “adjustment” as a good thing, with the explanation that the double-digit appreciation is unsustainable over the long term.

Prevailing wisdom is to take a wait and see approach leading up to midterm elections. Pollsters and pundits have widely variant opinions and, to date, trends are not sufficiently clear. In addition, the housing industry is seemingly healthy at this point and, barring unexpected major interest rate increases, demand for housing is likely to remain strong.

As one researcher at Texas A&M University explains, even a modest slowdown will likely only bring the real estate market down to 2016 levels and, in retrospect, that was a very good year! Other analysts are more positive, saying that an expected slowdown is positive and will prevent “a new bubble.”

As always, contact your trusted real estate and mortgage professionals to discuss the current situation in your local market.

It’s Pumpkin Spice Season: Plan A Neighborhood Potluck

It's Pumpkin Spice Season Plan A Neighborhood PotluckFall is the time to get back into a comfortable routine, but it’s also a great time to incorporate social events into weekend work parties, and gather friends to offer neighbors a helping hand — or just moral support — to spruce up their property.

While building a new sense of community may be a side effect, it can’t be denied that giving homes in need of minor repairs a little TLC is good for the dollar value of the neighborhood as well as for the soul. REALTORS agree that the overall appeal of a neighborhood adds value to individual homes.

Police departments and security companies also note that cohesive communities are less prone to crime than neighborhoods where residents don’t really know one another.

A Community Work Day

While it’s not uncommon for some subdivisions to sponsor periodic get-togethers, or hold multi-family garage sales and social events, the idea of a day to share work and expertise to tidy up individual homes is less common. But it represents an ideal solution for residents who could use a helping hand to accomplish minor upkeep and repair projects.

Especially if you live in a neighborhood with some older residents, planning a coordinated “home improvement day” can be a unique and wonderful way to bring different generations together. Community work days are a great way to complete seasonal maintenance projects before the weather turns bad. It’s also a way to make light work out of required tasks and to have some fun as well.

Here are some ideas on how to do it right — the results can be greater than expected.

  • Talk the idea up with your neighbors: Set a tentative date and divide up the planning tasks.
  • Start a checklist of neighborhood skills. Chances are you’ll find engineers, carpenters, painters, and neighbors with plumbing and electrical skills among the residents. And there are also apt to be artists and craftspeople, master gardeners and children who love to rake leaves or pull weeds!
  • Plan block party, potluck dinner or homemade ice cream social for the culmination of the workday or weekend, and get as many people as possible involved.

A weekend work project is reminiscent of old-fashioned barn raisings. It’s also a way to build a new sense of community, as well as to add neighborhood appeal and value. The food and the fellowship are bonuses!

There are, however, some cautions: Help should be freely offered, and readily accepted. But leave costly or complicated repairs to professionals. This kind of event should be strictly for easy DIY labor needs.

Done right, this kind of ongoing community effort can become a lasting and honored tradition. It’s worth a try, right? In the end, the entire neighborhood wins.

If you are interested in buying a new home or refinancing your current property, contact your trusted mortgage professional to find out about current financing options.

 

 

5 Things To Do This Fall To Get Ready For Winter

5 Things To Do This Fall To Get Ready For WinterSimple home and yard tips don’t have to take a lot of time, but can save a lot of headaches if that first winter storm catches you unaware.

Here’s a checklist to help you prepare:

Assess Your Windows And Doors

Take a walk around your interior, preferably on a windy day. Check for drafts and air leaks; replace weatherstripping, align door thresholds. and repair window frames and sills if they’re damaged. If you have storm windows, make sure they’re ready to install. Replace the screens in a storm door with glass panels. Also check your garage door to make sure that it operates properly.

According to the U.S. Department of Energy, nearly half of a home’s total energy use is for heating and cooling, so it makes good financial sense to assure that your systems are as efficient as possible for every season.

Check Your Furnace And Fuel

Before cold weather arrives, schedule or perform any necessary routine maintenance on your furnace or HVAC systems. Clean ducts, replace filters, calibrate the thermostat, and fill the fuel tanks as required. This is also the time to clean the flue and check the chimney if you have a fireplace or woodburning stove. If your home doesn’t have a carbon monoxide detector, consider installing one to assure your safety during the winter.

Prune Trees And Shrubs

Working outside can be a pleasant weekend task during the cooler autumn season. It’s also the time to do some prep work on your landscaping so that your plants will be at their best for the next growing season. Depending on your location, and your commitment to your yard, now is also the time to prepare new garden beds and plant spring bulbs, or tackle projects like brick walls, planters and stone pathways.

Undo Outdoor Hoses

Burst outdoor hose bibbs can be the source of serious interior water damage, and the most common cause is a hose left attached when the first freeze occurs. Eliminate that possibility by undoing your outdoor hoses early in the fall. If you still must water the lawn or your garden, it’s easy enough to reattach the hose as needed. Also, remember to store coiled hoses in the garage or in a shed during the winter. They’ll last longer!

Check Roof Shingles And Gutters

Although it’s not a bad idea to check your roof and clean gutters and downspouts at least quarterly, it’s especially important before winter. Take note of cracked or curling shingles; check to make sure no daylight is visible from the attic, and make sure that all gutters and downspouts are clear of debris prior to snow and ice buildup.

Owning a home requires ongoing maintenance to assure that it will truly be a haven during foul weather, but it doesn’t have to be an unending task or cost a lot of money.

If you are thinking about buying a new property or large home improvement projects this winter, be sure to contact your trusted mortgage professional to find out about current financing options.

Common Misconceptions About House Flipping

Common Misconceptions About House FlippingReality TV shows have energized everyday people to dive into the real estate market and make money flipping houses. The dramatic presentation and profitable end results make the industry seem like a sure thing. But house-flipping, like any industry, has its share of challenges.

Television often props up ratings by showing industry pros overcoming adversity and getting a big win. But reality, unlike Reality TV, is filled by behind-the-scenes unknown obstacles. While house-flipping has emerged as a viable niche profession, these are some of the common misconceptions entrepreneurs may want to consider before wading into the business.

Perfect Properties Are Available

On television, the home-flipping team often settles on that perfect property that will yield amazing results. It’s important to understand that’s a Hollywood formula designed to improve viewership.

In reality, the perfect home is like finding a unicorn. Most flipping projects deal with less-than-perfect properties. What remains important for home-flippers is that the property enjoys structural integrity and the basic elements are in place.  

Projects Run On Time

Watching a home-flipping show makes the process seem quick and easy. After all, many of the shows run between 30 minutes and one hour. Your project time will be considerably longer.

Starting with a listing search through the initial buy, even industry insiders spend months securing a property. After that, the permitting process can be onerous and renovations are commonly met with unforeseen setbacks. Whether you discover mold behind walls or structural issues, remodeling generally experiences delays. Once you get everything copacetic, inspection waiting periods can be excessive. Projects rarely run on time.

Construction Budgets Are Just Math

Watching a TV personality whip out a calculator and add up remodeling costs makes it look simple. There are square footages, materials, labor and other tangibles. Home builders and remodeling professionals are quick to dispute such simplicity because too many “intangibles” exist.

Consider replacing the clapboard on the exterior of a home. One might expect to calculate the square footage and order an equal amount of material. But an experienced contractor might tell you to start by ordering an additional 10 percent to account for waste. That’s because a percentage of material that gets cut might not be reusable.

After accounting for that 10 percent, add another 10 for human error. Many types of clapboard require builders to set the commercially-cut end to the interior only. When inexperienced workers make erroneous cuts, increased waste can be produced. This theme runs across a variety of materials and other aspects of construction. It’s unlikely your crew will be filled with 25-year veterans. Mistakes are more common and costlier than you might expect.

ROI Can Be Measured Accurately

Beginner home-flippers tend to look at the cost of the property, add updating costs and the average market value of similar homes as the basis for determining return on investment (ROI). But selling prices can be more fickle than one might expect.

Today’s home buyers are looking for certain things from newly renovated properties. The math no longer amounts to adding total rooms, bathrooms, square footage and location. While the country is in the midst of a seller’s market due to a significant inventory shortage, home-flippers would be wise to calculate ROI based on a sliding scale.

If the property lacks the conveniences favored by Millennials or other groups buying up homes, it could sell for less than expected. That’s another reason why home-flippers are wise to enlist the guidance of a local real estate professional to gain a reasonable grasp on home trends and pricing.

Don’t forget to calculate in the costs of financing your project. Most often, people utilize a lender to help carry costs. It’s important to meet with your trusted mortgage professional to find the best terms for financing prior to starting your new endeavor.

Pros And Cons: Older Homes Versus New Construction

Pros And Cons: Older Homes Versus New ConstructionOpinions differ about whether home buyers are best served by purchasing an older home or new construction.

New homes enjoy that “new home” smell and the idea that you are the very first occupant can be very appealing. On the other hand, older homes resonate with nostalgia and many architectural design elements are no longer commonly used.

While some people feel strongly one way or the other, it’s a lot like comparing apples and oranges. The right home for any home buyer is the one that fits your lifestyle. Consider these pros and cons of new and older homes when making your decision.

Construction Differences

Home builders often tout the state-of-the-art aspects of new construction. Perhaps the biggest pro to new construction is the integration of smart and energy efficient technologies.

Today’s homes often come tech-ready with the ability for homeowners to control the environment through mobile apps. Solar panels are more common than ever, and new kitchen, HVAC and other necessities benefit from the latest advancements. Aside from being tremendously convenient, many of the new technology and materials can save you a significant amount of money.

On the flip side, older homes often require updating to include smart technologies. Gaining those conveniences could mean laying out a substantial amount of cash.

But don’t think for a moment that new construction somehow outpaces older homes in terms of energy efficiency. Materials used to build houses decades ago tend to be more durable. Items like thick, hardwood flooring were once commonplace. Today, they are considered high-end materials.

The Bottom Line: New construction offers modern conveniences while older homes showcase vintage materials.

New And Older Construction By The Numbers

One argument for buying new construction leans on the cost of upkeep.

An American Housing Survey reportedly pointed to new construction homeowners spending less on maintenance than their older construction counterparts.

The report promulgated by the Census Bureau indicates that 73 percent of people who owned a home four years old or less spent under $25 monthly on monthly maintenance. Only 11 percent spent upwards of $100 while 26 percent of older homeowners topped this cost. When routine maintenance exceeds $1,000 annually, that’s significant.

On the other side of the coin, older homes often come at a discounted price.

New home listing prices reportedly exceed those of similar older homes by upwards of $100,000 or 30 percent on average. This initial cost should be a strong consideration when doing the long-term math on homeownership. At $1,000-$1,200 additional cost annually, an older homeowner may have to live in the home for a very long time before it became less cost-effective.

The Bottom Line: Homeowners either pay on the front or the back end.

Homeowners Insurance Coverage

One of the common misconceptions about coverage stems from the idea that higher-priced new homes cost more to insure. This is often not true.

When taking out a policy, homeowners often insure the home based on the purchase price. This may satisfy the lender, but it may not be adequate to rebuild in the event of a total loss. New construction estimates tend to be fairly accurate because materials and labor costs haven’t changed significantly.

On the other hand, older homes are often made from materials that are considered specialty of high-end on today’s market. That means rebuilding an older home to its former luster could far exceed the current value. If that nostalgic feel is important, homeowners may need to insure the structure at a higher replacement cost.

The Bottom Line: Both types of homes could require similar coverage.

Regardless of what experts say about new and older construction, it’s important to consider a wide range of pros and cons and determine the home that’s right for you. Speak with an experienced real estate professional for detailed information on the properties that you are considering. And don’t forget to partner up with your trusted mortgage professional for all of your financing needs.

3 Key Advantages Of Listing Your House This Fall

3 Key Advantages Of Listing Your House This FallHomeowners looking to maximize their return on investment often want to know what season best achieves that goal. Getting near or full asking price can be influenced by a wide range of factors, including market trends, inventory and interest rates to name a few.

It will come as good news to know there are strong indicators that this fall has unique listing advantages. That means listing a home this fall could help sellers get the price they want.

1: Inventory Remains Very Tight

The rules of supply and demand apply equally to the housing market and there are not enough homes to go around.

The single-family housing shortage has been driven by multiple factors. A large population of Millennials have entered the real estate market at a time when new home construction had been stifled for years. Simply put, the supply of new homes has significantly fallen behind the demand.

Although builders are starting to ramp up construction, the economic boom continues to position first-time buyers more quickly than the lagging supply. The real estate wild card may be how quickly construction outfits put more homes in play.

Should the building sector pivot to take advantage of higher prices, inventory could loosen in 2019. That makes this fall a prime time to maximize profitability and avoid the risk of improving supply.

2: Fall Looks Like A Seller’s Market

Although summer was once again a popular time to sell, it appears home sales did not satisfy the high demand. With fewer listings available and plenty of active buyers jumping on properties, listing this fall could put sellers in the driver’s seat.

One interesting caveat is a recent study that says buying a home is currently less expensive than renting in 35 percent of American counties. Talk about motivated buyers. By listing a property now, the odds are on the seller’s side that the home will close at a desirable price.

3: Homes Move Quickly

Market data shows that homes are selling at a fast clip across the country. According to a report by realtor.com, the median days on the market rate continues to decline.

From 2012 to 2017, the number of days a home spent on the market declined by nearly one-third in some comparable months. This year, homes are selling at a staggering rate in traditionally high-priced metropolitan markets. According to research, homes in San Jose, California, were only on the market an average of 28.6 days. In Seattle, Washington, homes sold at an average rate of 34.1 days and Nashville, Tennessee, saw a short 40.6 window. While these areas may be considered hot, they show that homes are moving quickly even in high-end areas.

Sellers may find the elixir they are looking for by listing this fall. Economic and market indicators point to a vibrant seller’s market flush with motivated buyers.

One of the key aspects of listing your home is figuring out where you are going to live when your home sells. Be sure to contact your mortgage professional to learn about all of the financing options available for your next home purchase.

Mistakes Seasoned Home Buyers Often Make

Mistakes Seasoned Home Buyers Often MakeIt’s not uncommon today to move several times during adulthood, whether across town or across the country. Seasoned home buyers have been through the real estate process, often more than once. However, even if the home purchase has become routine, there are mistakes that can be avoided.

Stuck In The Past

The real estate market doesn’t stand still. It cycles and shifts, which is why it’s often recommended to rely on a real estate professional for an understanding of the current market. Home buyers with property purchased ten years ago, likely won’t have the same experience buying today. Don’t get stuck in the past, thinking the process will play out the same. It may, but it’s important to be ready for changes.

Skipping Homework

Whether upgrading to a larger home to accommodate a growing family or downsizing as the nest empties, it’s essential to do the homework before placing the current home on the market and committing to a new one. Certain homework needs to be done before beginning the buying process, especially if the purchase is reliant on the sale of the current home.

  • Determine if buying with cash or need to sell current home.
  • If need to sell current home first, will seller of new home offer contingency?
  • Is a flexible timeline needed for closing on current home/buying new?

Working out these types of critical details, even for seasoned home buyers, can be daunting, which is why it can be helpful to have a trusted real estate agent.

Allowing Emotions To Lead

Maybe the current house wasn’t the “forever” home. Seasoned home buyers, just like first-timers, can find themselves lost in emotions when searching for the perfect house. It’s a pitfall every home buyer should work to avoid. The home may have some of the exact features desired or be in the ideal location, but if it doesn’t fit the budget or has other issues, it’s not the right one.

Overextending Resources

Home buying is an exciting experience and it can be easy to become caught up in the process. However, overextending resources can make life after the purchase difficult. To help protect against overextension of resources later, always factor in the following when buying a home:

  • Budget
  • Time
  • DIY Abilities

Overextending on budget can directly affect the ability to make any needed repairs and if schedules are hectic, there might not be enough time for projects. In addition, it’s important to honestly take stock of DIY ability, and it’s okay to acknowledge that some jobs/repairs will require professionals or some level of assistance. 

The key for seasoned home buyers, as well as first-timers, is to never be afraid to ask questions, make lists, and rely on professional help from a real estate agent. 

Lastly, it’s important to meet with your trusted mortgage professional to get pre-approved for your new loan and to learn about your financing options. 

Real Estate Remains A Strong Wealth Management Investment

Real Estate Remains A Strong Wealth Management InvestmentA young long-haul trucker driver once took an elder’s advice and invested all of his money into real estate. Even though he was seldom at home to enjoy the fruits of his labor, he hired a property management company to handle the properties. The advice that stuck with the driver was simple. “They’re not making any more of it, land that is.”

In terms of growing personal wealth, the real estate market may fluctuate, interest rates change, and the GDP can bounce like a ball. But, land is permanent. That may seem like a simplistic view of wealth management. Maybe it is. But that trucker retired early with multiple investment properties and a reasonably wealthy man.

His portrait in wealth management success highlights the notion that real estate remains a strong financial driver. The next logical question is whether or not now is the time to build a powerful real estate portfolio.

Current Market Conditions

Real estate investment does not necessarily follow the popular stock market thinking about buying low and selling high. In fact, investors such as the trucker had no plans to sell at all. That being said, the current real estate trends are widely considered a “seller’s market.” Are they really?

With Millennials and soon Generation Z buying up homes, inventory remains lower than demand. That naturally has resulted in an uptick in listing prices. Couple the supply and demand issue with a Fed raising rates and one might think this is a bad time to buy. Nothing could be further from the truth.

Buying rental properties are long-term investments. Buyers would be wise to do the math on how much the monthly mortgage, insurance, taxes and overhead measure against the potential revenue. Some property owners do their math based on 10 months rather than 12 to account for unexpected expenses. If the math works, it could be a valuable asset.

Real Estate Less Risky Than Stocks

Return on investment in real estate has the potential to far outpace stock buys. Consider that when you purchase a stock, things outside your control impact value and dividends. Think for a moment about how Elon Musk turned Tesla stocks into a roller coaster ride due to a few odd tweets and media interviews.

Owning property insulates investors from many external forces. Over time, rental revenue pays down the note. This allows owners the ability to siphon off money or leverage equity for additional real estate buys. With measured determination, your wealth management portfolio could include multiple properties that are paid off at retirement age. It worked for a truck driver who took some simple advice from an elder.

There’s little doubt that real estate remains a strong asset for increasing personal wealth. If you are considering a purchase, be sure to contact your trusted mortgage professional as soon as possible.