Real Estate and Home Investing Blog: Destiny Watson

Making a million dollars from real estate investing can be a challenging but achievable goal. Here are some steps that can help you get there: Educate yourself: Learn about the basics of real estate investing, including property types, market analysis, and financing options. Develop a strategy: Decide on your investment goals and create a plan for reaching them. This might include identifying target markets, setting a budget, and determining a timeline for your investments. Network and build relationships: Connect with other real estate investors, agents, and industry professionals to learn from their experiences and gain access to potential investment opportunities. Start small: Start with one or two properties and gain experience before expanding your portfolio. Diversify your portfolio: Consider investing in different property types and markets to reduce risk. Manage your finances carefully: Keep a close eye on your cash flow and make sure you have enough reserves to weather a

Avoid costly loan churning https://www.hsh.com/homeowner/homeowner-when-should-I-refinance.html If you look only at rates and payments, you can be a victim of loan churning or serial refinancing. Those are scams which stick borrowers with needlessly high costs and bigger debts. Or, you may simply pay too much to refinance. Loan churning is a form of refinancing in which the borrower appears to benefit but does not. For instance, the Smiths have a mortgage at 4.25%. The lender says they can refinance to 3.875%. The new rate is lower than the old one. The payment is lower and the loan broker shows them the "savings" the new loan offers. Sounds pretty good. However, this refinance costs thousands of dollars and in fact it would take decades to break even. The Smiths might not notice this because the lender allows them to wrap the refinance costs into the new loan. So they don't pay upfront to close the loan, and they do see the lower payment right away. But every time the

https://www.investopedia.com/best-mortgage-protection-insurance-5094135 Not required; life insurance is recommended. KEY TAKEAWAYS Mortgage protection insurance (MPI) is a type of life insurance policy that offers dual benefits and helps the family with a mortgage if you die. If you have mortgage insurance, it will help you pay a portion or all your mortgage in case you die. Some insurance companies will let you turn the mortgage insurance into a life insurance policy and some providers let you add riders to help with living benefits. If you’re a senior citizen or have a medical condition, such as a heart condition or cancer, you may be prevented from getting a mortgage insurance policy.

Does Rick Ross ring a bell or wall street trapper. Destinywatson.kw.com How to Buy Land and Build a House (farm land included) Purchasing the lot first and then hiring a builder will be a more complex, but will provide you with more options. Let’s first consider the land itself. Will you be purchasing the land outright, or will you be taking out a loan? If you have the budget to purchase the land outright, then the process becomes a little less complicated. You simply find a piece of land that you want, purchase it and start searching for a builder. If you plan on taking out a loan to purchase the land, obtaining the financing you need will be no walk in the park. Be prepared to pay a higher down payment, higher interest rates and higher fees. These types of loans typically have much shorter term periods as well. There are three types of loans that are generally used to purchase land and build homes: a land or lot loan, a construction loan or a construction-to-permanent loan. Art

Take 5: Gonzalo Mejia FHA Help: https://www.floridarealtors.org/news-media/news-articles/2022/07/fha-homebuyers-you-can-do?utm_campaign=7-5-22+Florida+Realtors+News&utm_source=iPost&utm_medium=email Webinars available and interest rates ease to a 5.7 on average. Depending on who you use and where you are the interest rate can be lower, but be sure to buy down points if you can to decrease the rate. Chat with me. destinywatson.kw.com or book a time for buyers and sellers(investors welcome): https://calendly.com/sounique/15min

https://blog.homekeepr.com/silence-is-golden-quieting-false-alarms ' Are you having issues with false alarms from your smoke detector? If so, here are a few things that might help. Find ways to invest into real estate. The list above is valuable. Shop for a home or sell your home with destinywatson.kw.com Amazon Prime Free Trial