Posts from October 12th, 2023
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Answers to Common Questions About Homeowner Associations
Homeowners associations — more commonly known as HOAs — are neighborhood organizations that are responsible for the care and upkeep of the area, and require residents of the community to pay fees (either monthly, quarterly, or annually) to cover the costs of that care and upkeep. Not all neighborhoods have HOAs, but they're pretty common, especially in new-build communities.
But if you've never lived in a community with an HOA, chances are, you have questions.
A recent article from realtor.com answered common questions about HOAs, particularly about new-construction communities, including:
- How mu...
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Want to Buy an Investment Property but Don't Have a Large Down Payment? Fannie Mae Just Made It Easier for You…
It's often said that the majority of millionaires made their money investing in real estate.
That's certainly inspiring, but it can also seem entirely out of reach. After all, it's also often said that you need money to make money. And when it comes to real estate investing, the money you need in order to make money comes in the form of a down payment.
So you probably picture real estate tycoons as people who came from money and simply inherited portfolios of property, or bought them with family money passed down over generations. But the truth is, 88% of millionaires are self-made according to a 2017 survey