Author

Paul Petersen

Browsing
In Investing

Reasons Why You Must Consider Multi-family Home Investing

No Comments
2021 Kansas City Market Report — Multifamily Market | M R Capital Advisors LLC

Do you find home purchasing a daunting task?

Well, purchasing a house with numerous apartments is significantly more difficult. On the flip side, multi-family home investing is a stable, low-risk investment that can provide you with financial security and many potentials to increase property value!

Whether you’re looking to make your first multi-family investment or are a first-time buyer looking to make a wise financial decision, the unique market offers you the chance to earn passive income, create equity, and take advantage of unique tax incentives.

Real estate can be purchased in several ways. Residential multi-family (or small multi-families) properties with two, three, or four units are a good investment since they provide additional rental income that you wouldn’t obtain from a single-family home without falling into the category of commercial real estate.

Even though residential multi-family residences can provide additional revenue, the government treats them similar to single-family homes and offers low-down-payment mortgages and tax breaks to encourage homeowners to explore these investments. Investing in residential multi-family property has a variety of advantages and tactics.

Let’s check a few of them more closely.

  • Opportunities for Loan

Purchasing a multi-family property may appear to be a financial risk, but it does not have to be. Even though a multi-family home is more expensive than a single-family home, there are conventional and government-backed credit choices that allow you to make a lower down payment.

  • Mortgage Assistance

Your mortgage payment will be more stable if you invest in a residential multi-family property. If you calculate your value-to-rent ratio accurately before buying a home, the rental income can cover your whole mortgage payment. Your property can create passive income that enables you to live rent-free and even cover maintenance costs if you make a purchase that considers the rent pricing in your area.

  • Equity

Residential multi-family homes also allow you to build equity in your home without having to pay for it out of pocket. As your mortgage is paid off, you gradually accumulate equity. You do this personally in a single-family home, but rental revenue helps a property to grow equity.

Since you can get messy repairs done without surrendering all of your revenue, multi-family properties are excellent prospects for home remodeling. If you want to renovate a single-family kitchen, you’ll either have to leave it empty or give up the use of one for the project’s duration.

However, if you want to upgrade your two-flat, you may easily rent out one unit while renovating the other, allowing you to pay off part of your mortgage with rental revenue. This flexibility helps increase the property’s and each unit’s worthwhile still receiving financial support from the rented units.

  • Tax Benefits

Investing in real estate comes with a variety of distinct tax benefits. You can deduct upkeep, repairs, property taxes, mortgage interest, legal fees, and even travel expenditures from travelling to and from your rental property for repairs, showings, and meetings if you own a rental property. Remember to keep your receipts!

Conclusion

Private equity real estate firms like MarketSpace Capital present you with a fantastic opportunity for residential multi-family investing if you’re looking for a low-risk, hands-on way to invest. To help you narrow down your options, you can start by searching the neighborhood, list price, and the number of units and go ahead with your multi family investing decision.

by
Read More
In Finance

Here’s the #1 Reason to Pay That Judgment Entered Against You

No Comments

It has been a long day. You spent all morning waiting for your court hearing. When the time finally came, it took about an hour for the judge to find in the plaintiff’s favor and enter a judgment against you. Now you are sitting and waiting for the plaintiff’s attorney. As you ponder how you’re going to answer questions about your employment and assets, you seriously consider trying to avoid payment.

This scenario is all too common in the arena of civil law. Plaintiffs win judgments against defendants, only to never collect on them. Why? Because defendants use every trick in the book to avoid paying. Eventually, plaintiffs give up and walk away.

If you ever find yourself on the wrong end of a judgment, pay what you owe. Do not thumb your nose at the creditor like a spoiled rich kid who gets away with misbehaving because mommy and daddy have money. If you need further motivation, here is the number one reason to pay that judgment entered against you:

It’s the Right Thing to Do

Civil judgments are not entered lightly. When they are entered, they constitute a legal recognition of an existing debt. With that legal recognition comes a moral and ethical responsibility to pay. In the simplest possible terms, paying up is the right thing to do.

Admittedly, morality and ethics are sorely lacking in modern culture. You may be of the mindset that the judgment against you is invalid because the original case was invalid. You are entitled to that opinion. However, understand that the plaintiff and court both disagree with you.

Think of it this way: how do you feel about people who owe you money and don’t pay up? If you are normal human being, you do not take too kindly to that. You expect your buddy to repay that $100 you loaned him last month. If he doesn’t, you consider him a deadbeat. How is that situation any different from you refusing to pay a civil judgment?

Judgment Collectors Are Relentless

If doing the right thing is not enough reason to motivate you to pay, consider this: specialized judgment collection agencies are relentless. Salt Lake City’s Judgment Collectors is one example. They will pursue you to the ends of the Earth if necessary. And make no mistake about it, judgment collectors are more skilled than general debt collectors.

Specialized judgment collectors are experts in skip tracing. They are experts in asset discovery. They know how to find deadbeats no matter where they try to hide. They know how to look for assets that general collection agencies would never discover.

You’ll Hurt Your Own Finances

If you still don’t have enough motivation to do the right thing, consider one last proposition: skipping out on a judgment will only hurt your finances. The judgment alone will cause problems for as long as it shows up on your credit report. But consider the fact that judgments can be enforced for up to 10 years in some states. They can remain on your credit report for another seven years after being settled.

Doing the math paints a pretty ugly picture. If it took nine years to enforce a judgment against you, and the judgment stayed on your record for another seven years, you would be looking at 16 years of poor credit that would affect everything from your ability to get a mortgage to the rate you would pay on a car loan.

Judgments are no light matter. If one is entered against you, do the right thing and pay it.

by
Read More
In Business

How Covid-19 has changed the US Housing Market

No Comments
Covid-19 Second Wave: Impact On Property Prices And Real Estate

The North American housing market has seen significant shifts since the start of the COVID-19 pandemic. US real estate prices were already high and have seen a peak in the last year unlike anything the market has witnessed in many years.

An Insurify analysis of the cities with the greatest pandemic real estate booms found that between April and July 2020, the average rate of home sales had increased, exceeding the previous year’s rate by 66 percent.

Likely homeowners have been relocating to the suburbs in record numbers. That’s partly because housing preferences have shifted: more people are choosing a larger living space over proximity to the “action” of a city center.

Driven partly by Millennial mentality, the market has become a battleground for dream homes – buyers are being bullish – and the result is skyrocketing real estate costs.

The pandemic has also prompted a renaissance in real estate technology as fintech companies like Nobul gain traction in an effort to facilitate those sales.

As the virus distrurbed the economic stability of entire nations, the housing market in North America remained remarkably stable, seeing a 13 percent increase last year. 

The 2020 real estate market has proven that many interested homebuyers will invest in a new home even during a time of economic pessimism, often by looking for homes in more affordable areas.

To understand the changing priorities of home buyers and those preferences are reshaping the real estate market, the research team at Insurify examined data from Zillow.

On average, those who moved to a new city in 2020 ended up in a ZIP code with average home values nearly $27,000 lower than in their previous ZIP code, according to Zillow.

Those who changed homes in 2020 also moved to ZIP codes where the average home sold was 33 square feet bigger than their previous home, Zillow reported.

“What that suggests to me is more movement away from the more expensive housing markets in the country,” Jeff Tucker, a senior economist at Zillow, said in a KXAN story.

But what will the remaining months of 2021 mean for the market?

There are some signs that the US housing market is moderating after months of surging prices. Now that inventory is near record lows and prices are climbing at the fastest rate ever, buyers have had enough, according to Business Insider, and are forcing the market to cool by simply saying “no” to high prices.

Although sales of new and previously owned homes are still above pre-pandemic levels, the numbers have slowed from the peaks in fall 2020 thanks to a dwindling housing supply.

“The steady decline suggests the market boom could be normalizing,” the article said. “It also comes as median selling prices for new and existing homes sit at record highs, presenting an affordability problem for buyers just entering the market.”

Americans’ attitudes about housing have hit rock-bottom. In a survey from the University of Michigan about consumer sentiment, 54 percent of Americans polled said it was a bad time to buy homes in May. That’s the most pessimistic outlook since 1982.

This slowing down of the housing craze of the last 12 months is leading economists to believe that 2022 will be a markedly more modest market.

Also among economists’ varied concerns is housing price inflation – and the belief that inflation could be tempered by a number of factors as the dust settles from COVID.

Still, some believe that Millennials – who now have buying power and are in the hunt for their first homes – will help cushion the market.

by
Read More
In Finance

Pinance Review, a Cryptocurrency Trading Platform to Help You Grow

No Comments

Over the course of time, the cryptocurrency trading industry has grown bigger and bigger. With time, people are getting used to cryptocurrencies and are investing a lot of money in the industry. However, the industry has been plagued by below-standard and scamming cryptocurrency traders. Today, majority of the new cryptocurrency trading platforms claiming to offer the best services are nothing more than scammers. If you are confused due to such firms and platforms, then there is no need to worry anymore, I am about to talk about the Pinance in my Pinance review. I will share important information about the platform for your enlightenment. 

Pinance’s Customer Support is Available 24/7

The customer support that Pinance offers is available 24/7 and is always ready to support you no matter the query or concern you may have. The customer support team at Pinance is available through email as well as landline. They are professionally trained to cater all your queries and concerns in the most efficient and effective manner. Whenever you have a query, you can get in touch with them and experience how prompt the customer support at Pinance is.

Making Deposits Could Not Get Any Easier

When you open an account for the first at Pinance, you will be required to make an initial deposit. Pinance makes things very easy for you by offering you the option of doing it via Visa Card, MasterCard, Discover, and American Express. The minimum deposit requirement is $250 for the initial run but later on, you can deposit different amounts and cryptocurrency wallets are also added to your payment methods.

Pinance’s Asset Provision

Pinance deals in cryptocurrencies and has arranged for you a vast list of the cryptocurrency assets considered prominent and profiting among the rest. When you start trading through Pinance, you would realize that he teams at platform share their expertise and insights around crypto with you to make your journey smooth and convenient. Some of the major cryptocurrencies that Pinance supports include Bitcoin (BTC), Litecoin (LTC), Ripple (XRP), Ethereum (ETH), and many more.

Trading Platform Offered by Pinance

Unlike other cryptocurrency trading service providers, Pinance does not rely on third party trading platforms. Instead, it offers you its own trading platform that it has developed and launched in-house. The trading platform is equipped with top-notch trading tools, equipment, and a user-friendly trading environment. The platform offers services/tools such as algo-trading, trading signals, price alerts, market news/reviews, historical reports, advanced reporting system, and so much more. The trading platform offered by Pinance can be used via iOS, Android, Desktop, and Browser.

Regulatory Compliance at Pinance

Pinance is a regulated cryptocurrency trading platform that offers you a complete peace of mind when performing trades. It does it by complying with regulatory guidelines provided by the regulators in terms of know-your-customer (KYC) and anti-money laundering (AML). The firm aims to operate in the same manner as no matter the circumstances to provide you an ethical and trustworthy crypto-trading environment.

Transaction Security at Pinance

The transaction security at Pinance is phenomenal and competes with security system offered by the industries. The platform aims to keep all your personal and financial information concealed and safe from bad actors. This is the reason why it has adopted SSL Security Protocol, which conceals all your transactions with the help of encryptions.

Trading Account at Pinance

Pinance does not offer you with a list of trading accounts, and provides you with all the benefits in a single go. It does not confuse you with many trading accounts, and offers a single account that offers you all the benefits and services you need in order to progress in the crypto-trading markets. Pinance provides you with support via tools, services, and real-time support in order to empower you and help you trade in cryptocurrencies.

Are you ready to Trade in Cryptocurrencies?

After doing your research and reading about cryptocurrencies, if you think it is a good option to trade in crypto, there are few things you must keep in mind. In cryptocurrencies, you need to be very calm and patient. The cryptocurrency industry has the tendency to hit all-time high at one moment and plunge the next. Therefore, you need to be very patient and attentive when performing trades. If you think you cannot manage that, then you need to choose a different trade.

by
Read More
In Finance

Bit-Finance Review, a Customer-Centric Online Trading Platform

No Comments

The online trading industry is constantly gaining more ground in the global trading industry. There used to be a time when online trades were adopted by professional traders. However, with the passage of time, the online trades have been adopted by common people. This is the reason why millions have started shifting to online trades. Unfortunately, majority of the people joining the online trading industry are not making as much as they are promised by their respective online trading platforms. If you find yourself in the same position or are new to online trades, then go through my Bit-Finance review to know how this platform can be a better choice than typical platforms.

Trading Assets Offered by Bit-Finance

Many online trading platforms tend to offer you a single or a couple of trading assets. On the other hand, Bit-Finance offers you with all major trading assets that include commodities, forex, indices, cryptocurrencies, and stocks. Every trading asset offered through Bit-Finance is backed by experts at the firm. They monitor all of your trading activities, help you make better investment decisions, and learn from every trade to become empowered and independent.

Trading Accounts Offered by Bit-Finance

Bit-Finance offers you four different account types, where each account represents different level of trading experience and market exposure. At present, Bit-Finance offers basic, silver, gold, and platinum, each coming with minimum deposit limit of $500, $5,000, and $25,000 respectively. When it comes to the platinum trading account, you can gain access to it only if you receive an invitation from Bit-Finance or recommendation from a platinum trader at the firm. 

Services Offered by Bit-Finance

You gain access to many trading services depending on the type of account you adopt. However, there are many general services you gain access to no matter the type of trading account you have. These services include trading bonus, SMS alerts, widget alerts, lower spreads, trading training, dedicated ARM, market reviews, and loyalty store among others.

Bit-Finance Support via Email and Phone

Bit-Finance is a customer-centric trading platform, which means that it focuses on grooming your trading profile as well as supporting you in every aspect. In order to live up to its reputation, Bit-Finance has put together a customer support team of highly professional, experienced, and empathetic individuals. These representatives are available 24/7 for your help and support, and can be reached out via phone or email.

Bit-Finance’s Vast Educational Content

As Bit-Finance is a customer-centric platform, it focuses polishing your trading skills by providing you with all necessary information around trades. The online trading service provider does it by offering you educational content in the form of trading training, market analysis, trading signals, and economic calendar. You can bring each component into your use to keep yourself up-to-date with market trends and market insights in order to make wise investment decisions.

Bit-Finance’s Trading Platform

Bit-Finance has designed and created this trading platform with your convenience and ease of access in mind. The platform is equipped with latest and top trading tools, to make your trading journey a smooth and a successful one. The platform is easily customizable, offers trading signals, market news, market analysis, reports access, trading charts/graphs, algo-trades, single-click/swift transactions, and trade instructions among others.

Financing Options at Bit-Finance

When it comes to deposits and withdrawals, Bit-Finance offers you with some of the most basic and common payment options that are credit/debit cards, bank wire, and e-payments. The minimum deposit requirement at Bit-Finance is $500.

As for withdrawals, the same methods can be used but with varying minimum withdrawal limits. If withdrawal is through credit/debit cards and e-payments then minimum withdrawal must be of $100. If withdrawal is through bank wire then minimum withdrawal must be of $250. Once a withdrawal request is launched, it may take up 4 to 7 working days for the withdrawal to be processed.

Adherence to KYC and AML Regulations

Bit-Finance strongly adheres to the KYC and AML regulations, which are strongly stressed upon by the regulators. The trading platform does it to ensure you are provided with the most ethical, safe, risk-free, and streamlined trading environment. 

Think Before You Invest

It is true that online trading industry is full of opportunities and profits, but everything comes at a prize. If you wish to make a living out of online trades, then you need to prepare yourself for the worst case scenario even if they never take place. This is something that makes you calm and collected when performing trades so you never end up making a decision in haste. 

by
Read More