According to the National Association of Realtors, approximately 5.51 million existing homes were sold in 2017. While many of these homes were undoubtedly purchased to house the buyer’s own family, others were certainly flipped or turned into income properties. If the thought of residential real estate investing excites you, you’re definitely not alone — but you need to be smart about it. In order to ensure that your investment is a truly sound one, you’ll want to follow these three “musts” before you sign on the dotted line.
Archives for August 2018
Oklahoma City Real Estate
If you want to invest in the heartland, Chicago is often the default choice because it is so big. Texas gets attention as home of several of the fastest growing and appreciating markets in the country. However, it is worth your time to look at smaller metropolitan areas that have similar potential without the same degree of risk. Let’s look at the Oklahoma City real estate market as a whole before discussing why you should consider investing in the Oklahoma City housing market.
I’ve frequently written about how savers are losers. And it’s true. In an economy that runs on debt and thrives on inflation, there is nothing more financially dangerous than thinking your savings will provide a secure financial future.
Well, almost nothing.
The optimism bias
A new report issued by bankrate.com reveals something even more financially ignorant than relying on savings—thinking you don’t need any savings at all.