Tag: Real Estate
Breaking Down the Numbers: A Comprehensive Guide to Understanding How Much House You Can Afford
March 21, 2015
Purchasing a house is one of the most significant investments you’ll make in your lifetime. However, before you start browsing through real estate listings, it’s essential to understand how much house you can realistically afford. Many factors go into determining how much you can afford, such as your credit score, income, debt-to-income ratio, and savings. It can be overwhelming and confusing, which is why we’ve put together a comprehensive guide to breaking down the numbers and understanding how much house you can afford.
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The Basics – Real Estate Investing
December 10, 2014
What is Real Estate Investing? Traditionally many people have regarded real estate investing as investing in your own home, and making profit through selling the house after it has increased substantially (capital appreciation). This is certainly a tax advantaged approach, as the first $250,000 profit if you are single or the first $500,000 if you are married, is not taxed as capital gains, giving you huge savings. However, this is also a risky proposition, as house prices can go down as well as up, and so requires good market timing (or maybe luck). Continue Reading