Tuesday, August 14, 2018 / by Nicole Solari
In a CNBC article, self-made millionaire David Bach explained that: “Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if you pay your mortgage off.”
Bach suggests that homebuyers should, “Take out a 30-year mortgage, but with the intention of paying it off in 25, 20 or ideally, 15 years.”
How does he suggest you do this? Here’s the secret:
“…If you were paying $1,000 a month, now you’re going to make $1,100 payments every month. Inform the bank that you are doing this and that you want the extra $100 a month to be applied to the principal (not the interest).”
What will happen to your mortgage?
Bach explains that, “If you keep this up, you’ll wind up paying off your 30-year mortgage in about 25 years. Increase your monthly payment by 20 percent, and you’ll have that mortgage ...
Friday, May 19, 2017 / by Nicole Solari
I’ve finally found paint I love, and I use it over and over and over again – saving me time, money, and hassel. Do you have a favorite paint yet?
Whether you are a buy-and-hold landlord, a house flipper, a commercial investor, or just starting out – paint is one of the expenses that come up time and time again. Perhaps you have a paint you absolutely love, or perhaps (like I did) you switch constantly, never quite content with your choice.
I thought it would be a fun post to talk about the paint I use in my day to day real estate investing. Obviously, since I do both flips and rentals, the material can differ – so I’ve included information on both, including the general cost that I pay. Before I get into the actual items, there are a few things to keep in mind:
This is not the only way to do things, this is just my way. If you disagree with me – that’s okay, but let me know in the comments below. Maybe my mind can chan ...
Wednesday, February 1, 2017 / by Nicole Solari
Your Real Estate Update
FROM NICOLE SOLARI
Nicole Solari, RE/MAX Gold / BRE #: 01952567
4820 Business Center Drive #170, Fairfield, CA 94534
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7 Mistakes That Cost Homeowners BIG Money During Cold Weather
Wintry weather is great at turning up problems you didn’t even know you had. Like that first snowy nigh...
6 Things Everyone Should Do When Moving Into a New House
When I bought my first house, my timing couldn’t have been better: The house closing was two weeks befo...
Infographic: Stop, Thief
Infographic: Making Sense of Community
PET ODOR CHASING BUYERS AWAY? 8 WAYS TO CLEAR THE AIR
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WHY SPENDING MONEY ON FANCY BATH SALTS CAN HELP SELL YOUR HOUSE
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DOES YOUR HOME HAVE LEAD PAINT? HOW TO FIND OUT
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Friday, November 18, 2016 / by Nicole Solari
When purchasing a property, buyers can choose between a traditional house or a condominium. Aside from location, housing type is one of the most important decisions to make when buying. Homeowners purchase the house and the land underneath, whereas condo ownership includes only the living space inside of the condo unit and a portion of the common area of the condo building. Even though there are advantages and disadvantages to both types of housing, lifestyle and cost can help determine whether a single-family house or a condo is a more suitable dwelling for your needs.
More buyers are deciding to purchase condos over houses in recent years due to a resurgence in urban living. Condos are usually located in urban areas and within walking distance to shops, restaurants and other places of interest. Some also have resort-like amenities, such as pools and fitness centers, that would be cost-prohibitive in a house. With people living busier lives, condos are an ...