house realtor Archives

Realtor

Should You Use Doctor Loans to Finance Investment Properties?

Post Author By Rimuru
Post Date September 23, 2024

What Are Doctor Loans?

First, it’s important to understand what a doctor or physician mortgage loan is. This is a mortgage loan you can get that allows you to buy a house with less than 20% down and NOT PAY Private Mortgage Insurance (PMI). Remember, PMI is that insurance that you pay to protect your lender from you defaulting on your mortgage. It’s a nice benefit to not have to pay it.

In addition, these loans will generally only consider your required student loan payment (rather than your true debt-to-income ratio) so, if you are in an Income-Driven Repayment (IDR)

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Realtor

Journal Club 09-9-22 – Passive Income

Post Author By Rimuru
Post Date August 18, 2024

Here’s Journal Club 09-09-22! Every week, I hold a JOURNAL CLUB. After filtering through the articles on the web, I present a few that impacted my life this week. Be safe and stay well!

Whether you’re trying to get out of debt or pursue financial independence, what do you do to better understand where you’re at on your journey? One easy way to monitor your progress could be through budgeting. Would you agree? If you’re looking for some inspiration,The White Coat Investor tracked their spending over the past year and shared the outcome from that exercise in the article

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Realtor

Home Sales to Slow, Prices to Fall, Says Realtor.com

Post Author By Rimuru
Post Date July 21, 2023

Heading into the second half of 2023, the US housing market has yet to see the typical spring and summer boom, as limited inventory and high borrowing costs dampen the market.

Mortgage rates are elevated, leading to low inventory as many potential buyers wait for rates to drop before looking for a new home. Would-be sellers with cheap mortgages are holding off, unwilling to go back into the market and paying more.

As a result, sales have dropped, according to an analysis by Realtor.com. The real estate listing site changed its outlook on prices, now predicting they will gradually fall

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Realtor

The housing market is showing signs of a rebound

Post Author By Rimuru
Post Date June 29, 2023

S&P CoreLogic’s national home price index climbed in April from the prior month, marking three straight gains.
Miami, Chicago, and Atlanta saw the steepest annual price gains in March, data showed Tuesday.
“If I were trying to make a case that the decline in home prices that began in June 2022 had definitively ended in January 2023, April’s data would bolster my argument.”

The housing market is showing more signs of a rebound, with home prices climbing for three consecutive months.

The S&P CoreLogic Case-Shiller national home price index was up 1.3% in April from the prior month

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Realtor

Rattled housing market prompts reversal on 2023 forecasts with home prices and rents now expected to fall

Post Author By Rimuru
Post Date June 27, 2023

Realtor.com has re-examined its prior housing predictions, and now expects a dip in prices and rents.
But downgrading the 2023 outlook does not signal a major wave of relief.
“Home costs are still going to be higher for buyers in 2023 because home price declines are very mild and not universal.”

Realtor.com has re-examined its previous housing market predictions for this year and pointed them in the opposite direction.

The real-estate company now expects average home list prices to drop 0.6% from last year, compared to its prior prediction of a 5.4% year-over-year rise in 2023.

Similarly, Realtor.com now

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Realtor

The Sunk Cost Fallacy – Passive Income MD

Post Author By Rimuru
Post Date June 26, 2023

None of us can be the hypothetical Homo Economicus who makes only rational decisions. Instead, we must contend with the sunk cost fallacy. Here’s all you need to know about it.

PIMD welcomes the White Coat Investor. WCI is a physician-specific personal finance and investing website. The White Coat Investor can help you to become financially literate and disciplined, which will allow you to spend your time and effort on your patients, your family, and your own wellness. WCI truly believes that a financially secure doctor is a better partner, parent, and practitioner. White Coat Investor is an affiliate partner

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Realtor

Journal Club 05-19-23 – Passive Income MD

Post Author By Rimuru
Post Date May 21, 2023

Here’s Journal Club 05-19-23! Every week, I hold a JOURNAL CLUB. After filtering through the articles on the web, I present a few that impacted my life this week. Be safe and stay well!

With all the worrying talks about a looming recession and market uncertainty, does it still make sense to continue investing in real estate? Are you considering purchasing a property but also skeptical about the whole idea and its consequences? Well, in that case, this post is for you… The Physician on FIRE shares more about it in the article – We Bought a House….In This

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Realtor

Wilt Chamberlain’s LA Mansion Bounces Back Onto the Market With Another Big Price Cut

Post Author By Rimuru
Post Date May 9, 2023

This notable Los Angeles estate has rebounded onto the market—with yet another price reduction.

Built for basketball legend Wilt Chamberlainthe massive dwelling is taking another shot at attracting a buyer.

The enormous, five-bedroom residence was listed for $19 million in 2018 and bounced back last year for $14.9 million. Now, it has returned at $11,995,000—a 37% discount on the original price.

architect David Rich designed this special retreat for Chamberlain in 1971. But it was remodeled in 2008 by the owner Dmitri Novikovwho souped up the kitchen with stainless appliances and modified the lower level to include guest

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