by G. Brian Davis | Last updated Jan 12, 2024 | FIRE, Fun & Travel, Personal Finance, Spark Blog |
No matter how much you earn, you won’t build wealth if you spend every penny you bring in. A person who earns $75,000 and saves $25,000 per year will create wealth faster than someone who earns $1,000,000 and spends $995,000 of it. Flashy cars and imposing homes may...
by Guest Author | Last updated Jan 12, 2024 | Personal Finance, Spark Blog |
We talk all the time about investing in real estate to reach financial independence and maybe even retire early. But where does the money come from to invest? Unless you’re an heiress or a lottery winner, it comes from your own savings rate. If your income falls...
by Guest Author | Last updated Sep 9, 2024 | Active Real Estate Investing, Personal Finance, Spark Blog |
Sure, it’s easier to sell your home or investment property as-is. But you can also expect a lower sales price, and usually a lower profit. Learn how much you can lose selling a house as-is. There are plenty of reasons to sell your home quickly. Maybe you...
by G. Brian Davis | Last updated Mar 14, 2023 | Active Real Estate Investing, Personal Finance, Spark Blog |
Real estate investments come with several huge drawbacks. Diversification poses a problem when a median home in the US costs over $400,000. Even when you leverage other people’s money and make a minimum down payment on an investment property, you still tie up tens of...
by Christopher Murray | Last updated Jan 12, 2024 | Active Real Estate Investing, Personal Finance, Spark Blog |
Sure, property taxes aren’t fun while you own a home or investment property. But what about taxes on real estate sales? Do you pay taxes when you sell a house? Are taxes on real estate sales different for homes versus investment properties? Selling properties isn’t...
by G. Brian Davis | Last updated Nov 28, 2022 | Personal Finance, Spark Blog |
Just 39% of Americans could cover an emergency expense costing $1,000, per a 2021 study by Bankrate. The other 60% would be up the creek without a paddle. Because emergencies do happen, and not just to other people, either. Three out of ten Americans say they or an...