This question just came in as a comment to the post “College Student House Buying Guide“. Remember, the basic principles of this process involves borrowing (or earning) a down payment, finding a seller willing to sell their house on a land contract, negotiate terms, buy the house, and then either rent it out to friends,…
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If you have decided to sell your house on Craigslist … good on you! Craigslist in my mind is how the savvy home seller sells their house. If you’re really good, you can totally forgo the real estate agent and save yourself 6% of the sale price. Now, let’s say you’re going to sell your…
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What a deal! Real estate pays you in 6 different ways! Yep, that’s a lot of streams of income. So even if your property is “cash flow neutral”, which I would definitely try to avoid, you’re still making money in at least some of the other 5. And here they are in no particular order….
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Treadmills …. sure. Lawn mowers …. maybe. But a house? Definitely! Craigslist is an awesome tool for buying anything from juicers to concert tickets and even houses! When I am on the search for houses to buy as rentals, Craigslist is my first and often only destination. Sure, you can search the local real estate…
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Social Credit Score Your creditworthiness amongst those that you have a relationship with. The willingness of your friends, family, and acquaintances to lend you money. An alternate way to think about your credit score that does not reduce you to a three digit number. Today’s banking industry would have us believe that you are defined…
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Does it bother anyone else as much as it bothers me that the federal government controls who gets loans and who doesn’t. Let me say that again …. the FEDERAL GOVERNMENT sets the lending standards for the vast majority of the loans that get issued by banks. It’s just another example of extreme governmental overreach…
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AKA – How to buy a house as a college student. Before you start If you are in college and have bought a house or bought one while you were in college, I would LOVE to hear your story since I have never talked to anyone else that has done this. Please either comment at…
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