…plumbing was ancient. The scope of work ballooned, which created four types of costs: Labor Costs Material Costs Permit & Inspection Costs Vacancy/Lost Income Cost How did these costs pile…
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Real Estate Investment FAQ HQ
…comes from zooming out and looking at the big-picture view. For example: Windows cost $12,000 to replace and last for 24 years; this costs $500 per year. Carpet costs $2,000…
We Bought House #4! Check it Out!
…its monthly rent is at least 1 percent of its purchase price. (For this house, the monthly rent is 1.1 percent of the purchase price). As long-time Afford Anything readers…
Iβm Trying Something Insane: My $30,000 Experiment
…Next? “Remove and replace” – the cheapest option – would have probably cost about $15,000, rough ballpark estimate. (We’d still need to reinforce the house’s foundation, which is not an…
#126: Ask Paula – Should I Buy a Beachfront Rental Property?
…that. Then, hire an accountant and give him or her access to the bookkeeping software. And voila — you’re organized. But what if you haven’t done this yet? 1: Start…
#124: Ask Paula and Joe – Should I Sell My Brand-New Car (and Lose $6,000 in 4 Months)?
…is 57 years old. She likes the peace-of-mind that comes with knowing it’ll be there to cover funeral expenses, if needed. But she recognizes that there’s a huge opportunity cost…
#238: How to Stop Making So Many Money Mistakes, with Jeff Kreisler
…We often overprice belongings we want to sell. This can cause us to lose a sale. For example, homeowners overprice their homes because they overvalue their emotional experience of living…
I’m Investing 100 Percent of My 2012 Income
…gains. You can own houses, which create income though rental payments. You can give out loans, which create income through the interest you receive. You can own businesses, which create…
#288: Ask Paula – How Should You Invest a $1 Million Lump Sum?
…higher cost-of-living area, and we need $150,000 above the profit from our home sale to buy a new home. We’re not sure where to pull the $150,000 from. We don’t…
How Julia Makes $250 Per Hour as a Caricature Artist
…calling her back but she wouldn’t pick up, so I immediately emailed her with an apology. When you screw up like that you just accept full responsibility, make no excuses,…