Personal Finance

Expectation: To create more than 100% Cash-on-Cash Returns

We started looking for a short term Fix and Flip opportunity with a turnaround time of maximum six months. We

found a 1600sf, 3 bedrooms, 2 baths, 1 carport bank owned property built in 1967 that looked promising

Top 10 Home Showing Tips

Showing your home is essential in the real estate business. After all, who would purchase a property sight unseen? When a potential buyer stops in, here are 10 recommended tips to follow when showing your home:

Tip # 1: Welcome Your Buyers

Cash flow is the money flowing in and out of operating your rental property. Many investors live by the positive cash flow generated from the rentals. You can use the following very simple formula to calculate cash flow. Even before buying a property, you can estimate the cash flow to determine if the property is a good investment. In another article, we also discuss a modified formula that factors in tax deduction, which gives you a true cash flow because of the tax savings allowed by the IRS.

Cash flow formula:

Having good credit is almost a necessity on today's world. In most cases, credit it essential to owning a car or home, and with the proliferation of online shopping it's hard to be without a credit card. Unfortunately, some people get into trouble with their credit. They miss some minimum payments on their credit card, or let a loan go into default. When this happens the creditor will report it a credit reporting agency, who will add it to your credit history.

With so many different types of consumer credit cards available today it can sometimes be slightly overbearing determining which type of card you want or need. The following is a brief guide on the different types of consumer credit cards available today:

Credit Cards

If you own your home and pay a mortgage, you probably already know that there are certain income tax advantages for deductions such as interest payments made each month. And if you use a credit card, you know that there are no such perks available, even though credit card borrowing usually means paying much higher rates of interest, fees, and penalties.

The term CD stands for Certificate of Deposit. A CD is simply a short- to medium-length investment. They are FDIC insured and are available for purchase at banks, credit unions, and savings and loans. CD's are a good way for some consumers to get higher interest rates on their money, but there are some issues associated with them that consumers should know about before signing up for one.

Having some knowledge of how to calculate finance charges is always a good thing. Most lenders, as you know, will do this for you, but it can helpful to be able to check the math yourself. It is important, however, to understand that what is presented here is a basic procedure for calculating finance charges and your lender may be using a more complicated method. There may also be other issues attached with your loan which may affect the charges.

The impact of foreclosure on your credit score is the most frequently asked question we get. The method of calculating a credit score (FICO Score) is proprietary information. What complicates the issue even further is that all credit information is calculated into the individual's credit score as it is entered by creditors and is only updated whenever there is an inquiry.

With the tax clock ticking down lots of people are finishing up their tax returns. A common question that comes up during this joyous time of year is, "How can I avoid an audit?" Fortunately for most taxpayers the question is far more common than an actual audit. Only around 1% of all taxpayers actually end up facing an audit.