July 30, 2013 rummy

Here are three great reasons to consider buying a home today instead of waiting. 1.) Prices Will Continue to Rise The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report released last week projects appreciation in home values over the next five years to be between 12.3% (most pessimistic) and 32.8% (most optimistic). The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes any sense. 2.) Mortgage Interest Rates Are Increasing As reported by Freddie Mac,…

July 19, 2013 rummy

Good Neighbor Next Door (GNND) is the new name for an old program. Most of you may know it as Teacher Next Door or Officer Next Door. In 2005 the program was changed to include firefighters and emergency medical technicians (EMTs). Highlights: • Specifically for designated HUD homes in revitalization areas • $100 down • 50% discount (provided by HUD as “silent second”) • “Silent second” released after buyer occupies as primary residence for 36 months • Active Duty Military Deployment is not considered an occupancy violation • All equity/profit is buyer’s after initial 36-month period • HUD doesn’t pay…

July 3, 2013 rummy

When you are Returning the Security Deposit DO wait until the tenant has moved completely out before returning any deposit money. DON’T have a “walkthrough” with the tenant before moveout to determine the condition of the rental. Tenants like to do this to reassure themselves that they will get all their security deposit back. Instead of calling it a “walk-through”, I like to call it the “AMBUSH” because that’s really how it is when you are put on the spot. The tenant is still in possession of the rental and is insisting on getting the full deposit back. DO Obtain…

June 4, 2013 rummy

-Paying bills on time will improve my credit score – While it is definitely a good start, it is not the only thing that needs to be done. Since 35% of your score is based on your payments being on time, it is essential but it will only continue to raise your credit score slowly over time. Remember that if payment history only accounts for 35%, there is still 65% of your score that has nothing to do with missing payments. -Cancelling credit cards that you haven’t used in a while will increase your credit score – Cancelling unused credit…

May 7, 2013 rummy

1. “We can have my wife sign the lease. Her credit is OK.” 2. “Why do you need our credit reports? That doesn’t tell you what good people we are.” 3. “We’re moving because our landlord is a jerk.” 4. “You won’t need a security deposit with us. We’ll take good care of your home.” 5. “I’m an attorney and more than qualified to rent your house. By the way, I found 3 illegal questions in your rental application.” 6. “Wait till you see the place when we’re done with it. You won’t recognize it.” 7. “What is your policy…

April 26, 2013 rummy

Avoid The Easy Life AT ALL COSTS   There has never yet been a man in our history who led a life of ease whose name is worth remembering. – Theodore Roosevelt Never in history has the easy life led to a great life. Not in one case has something great come without tribulation, struggle, or failure. Instead of fearing struggle, strain, and tribulation, you should embrace it; nay, seek itat every opportunity, and incorporate it into your life daily. It’s in struggle that you experience growth. It’s in conquering obstacles that you experience life. A Case Against the Easy Life Ease isn’t living, it’s dying….