Step 1: Real Wealth: Real Estate – Introduction and Necessary Documents
So, now we have discussed all twelve steps of Money Fundamentals. You have been keeping your steady job or income producing business (Money Fundamentals, (Step 1 and ), have been saving and keeping 10% of your income (Step 3 and ), gotten good and tracking your money and your time ...
Step 2: A Fistful of Dollars — The Money
Thus far we have been talking about the type of documents you need in order to go through the process of buying a house. Now let's talk about the money. Down Payment This is where rule number three of Money Fundamentals begins to pay off with dramatic results! You know ...
Step 3: The Holder of Title — The Loan
In this chapter, we will be talking about the all important loan. Only Get a Fixed Rate Loan! In looking for a loan, go for a fixed rate loan. Repeat after me, Avoid the Adjustable Rate Loans! All of them. With a fixed rate, you have a set payment every ...
Step 4: Magic Your Castle.
How to Look for a House Schools, Crime Rate and Shopping It isn't only the house that you should consider. If you have children, you should definitely look into what schools are in the area. Test scores are one way to analyze the quality of a school. There is a ...
Step 6: From Homeowner to Real Estate Investor
So, you have been living in your home for some years. The place is beautiful because you have been fixing it up and making it a cool spot. You have been faithfully reducing the principal balance on the loan as much as possible and the total loan is much lower ...
Step 7: And the Beat Goes On – Buy Another Property!
Go Back, Jack, Do It Again! So, what is the next move? Now you are going to buy another house! That’s right – you’re gonna go back, Jack, and do it again! Look for a house that is in your price range – again, roughly twice the amount of your ...