Real Estate
The best time to buy a home is always fiver years ago.
Ray Brown
Real estate transactions usually affect your finances with the largest impact. Most often, the home a person owns is one of his biggest investments. Understanding the various aspects of real estate allows you to make good decisions as they affect your own net worth your ability to provide for yourself and others.
Prosperopedia.com has done the research on how real estate works. We’ll do whatever we can to educate you and keep you informed of real estate news that might affect you. Whether you’re interested in learning how to buy a home in Texas or invest in a real estate group, we hope you find what you’re looking for here.
Debt Service Coverage Ratio (DSCR)
In the world of finance and investment, understanding key financial ratios is essential for sound decision-making. Financial ratios offer valuable insights into a company’s profitability, liquidity, solvency, and overall financial health. They serve as critical tools for lenders, investors, and financial analysts, allowing them to make informed decisions based on quantitative data. One such crucial…
USDA Rural Development Program Overview
Article Summary The United States Department of Agriculture’s Office of Rural Development provides grants, loans, and loan guarantees to help rural communities, along with providing technical support and other resources. Access to grants, loans, and loan guarantees is dependent upon the qualifications of each program offered under the Rural Development agency. In addition to providing…
Buying a Home In New York City
New York City obviously has a lot going on. Its economy is the largest regional economy in the United States. New York is often considered the most financially powerful city in the world and the leading center of the world’s financial industry. Unless you’re just kind of a small town kind of person, there are…
VA Ebenefits Military Veteran Benefit Portal
Prosperopedia.com is dedicated to helping people understand what they can do to be prosperous, to save money, build wealth and enjoy an abundant life. For those who have served in the armed forces of the United States of America, there are benefits that come with being veterans of those institutions. Access to those benefits is…
FHA Recommendations for Home Ownership
The Federal Housing Authority, a division of the United States Department of Housing and Urban Development and the world’s largest insurer of home mortgages, was created to help people in the US achieve the goal of owning a home. To that end, FHA is heavily involved in helping people have access to home ownership, everything…
Property For Sale Near Me
There are several reasons why you might be looking for property for sale near you. Maybe you’ve been renting, but you’re now ready to get serious about being a home owner. Maybe you’ve outgrown your current home, and you need something bigger. Maybe you’ve decided to build your dream home, and you need to find…
Greenbelt Laws Can Lower Taxes for Qualifying Agricultural Properties
If you’re thinking of buying a rural property, you might want to consider the local greenbelt laws in the area where you’re planning to buy. It may be worth making sure that your property and the way that you intend to use it will qualify for greenbelt exemption from local property taxes. For instance, I…
How Accurate are Zillow’s Zestimate Home Value Estimates?
Article Summary Zillows Zestimate home value estimates are calculated using a combination of historical transactions for each piece of real estate (nearly 100 million homes and lots) included in its database and a proprietary algorithm developed by Zillow that uses hundreds of data points to predict real estate values for properties in each of the…
How to Invest in Construction Hard Money Lending Backed by Real Estate
One of the benefits of working hard and getting ahead is having the opportunity to invest some of your hard-earned money into something that will produce more money. As my career developed, my businesses grew over a 10 year period, and I found myself having more and more cash available, it occurred to me that…
When is the Best Time to Buy a House?
The decision to buy a home is a big one. Making the best decision on buying a home has a lot to do with timing. But when is the best time to buy a home? There are several factors that will affect the answer for you specifically, but this article should set some background and…
Zillow: the Real Estate Information Portal and Marketplace
The real estate industry has changed a ton in the past two decades, especially when it comes to access to information and tools for both buyers and sellers of land, homes, and other property. If you’ve done much with real estate in the past decade, you’re probably familiar with Zillow. Zillow started out as a…
Homie Review – Selling My Home Using Utah’s New Disruptive Real Estate Broker
If you live anywhere along the I-15 corridor in Utah, specifically in Salt Lake and Utah counties, you’ve likely seen all the signs along the highway popping up touting the ability to sell your home without broker commissions, potentially saving tens of thousands of dollars by going around the traditional process of listing your home…
Real Estate Agent Internet Marketing and Lead Generation Guide
Article Summary This article discusses my experience with real estate agents and the way they typically do marketing, most often online. More importantly, I present a checklist of items any real estate agent can do to build an online pipeline of client leads to grow a business helping people buy and sell homes. Here is…
Top Real Estate Investment Books Recommended by BiggerPockets
One of the resources I’ve begun using as I’ve waded into the waters of real estate investing is an organization called BiggerPockets, which was created to encourage real estate investment by building a community and disseminating educational and other information about how to go about real estate investment. Probably the biggest hurdle (outside of having…
Investing in Nightly Vacation Rental Real Estate: My Own Rookie Experience
The past 20 years of my career (pretty much my entire career) have been spent primarily building online businesses, including projects like this website. I’ve had more success earning money than I could have ever imagined when I started close 20 years ago, but I have had this nagging feeling throughout the last 10-15 years…
Utah New Construction Real Estate Purchase Contract
Normally, when someone purchases a home in Utah, the transaction is initiated using a real estate purchase contract, or REPC. In the majority of home purchases, the home is already constructed and is usually being lived in. The standard REPC document is designed to facilitate the buyer’s offer to purchase, the seller’s acceptance, and several…
Chase Bank Limit on Wire Transfers from Personal Accounts – $50,000
My excitement at buying an investment property ran into a snag one morning when I attempted to send over a wire to pay for the property. Chase bank places has a limit on how much can be wired from a personal account. As any investor knows, when closing day comes, having the funds available to…
How To Buy a Home Foreclosure At An Auction
For several years, I’ve been interested in getting into real estate investing. My internet businesses have done well enough for me to save up some cash that I can use to start looking at properties and getting my feet wet with some real estate investments. I’ve been looking at purchasing some property in Tennessee recently…
Real Estate Agent Fiduciary Obligations: Should I Hire a Realtor?
The majority real estate transactions involve at least one real estate agent. Often, the seller of a piece of property hires an agent to represent his interests in selling the property for the highest price possible while striving to achieve the best terms for the seller. For a buyer or real estate, an agent is…
Tennessee Real Estate Contracts and Forms for Residential Homes
Living in Tennessee is a good decision for lots of reasons. There are several great places to call home in the Volunteer State. Whether you choose to live in some of the more populated areas around Nashville, Memphis, Knoxville, Chattanooga, and other thriving Tennessee municipalities, or if you prefer the country life in small towns…
Getting a Home Loan with Bad Credit
One of the primary factors lenders consider when you apply for a mortgage is your credit score. They normally use what’s called a FICO score, which is a number that ranges between 300 and 850. Lenders use this number to assess your trustworthiness, as it represents your recent and extended credit history. How you have…
FHA Loan Debt to Income (DTI) Ratio Guidelines
FHA Loan Debt to Income (DTI) Ratio Guidelines FHA loans allow first time home buyers and others who are just starting out or who may be financially disadvantaged to purchase homes through a government assisted program that differs from conventional loans. To qualify for an FHA loan, the Federal Housing Authority requires that you meet…
Are We Currently Experiencing A Real Estate Bubble?
Article Summary The current housing market in the US has made its way back to pre-Great Recession levels. Interest rates are rising, which will tend to cool off the increasing housing prices. Significant factors that will cause a market correction in the next two years include the Federal Reserve’s monetary policy and tightening of credit…
What Are Real Estate Disclosure Laws?
When a real estate transaction is taking place, the details of the transaction, especially the agreed upon price for the property, are based upon assumptions made by the buyer regarding the condition of the property being purchased. It can be easy for the seller to hide from the buyer specifics about the piece of real…
How To Become Rich – The Richest Man in Babylon Formula
The Richest Man In Babylon is a fictional story with sound principles that have helped people become wealthy through their application. This first part comes from the part of the book “Seven Curses For A Lean Purse”. Heed the advice in each of these sections, and your “purse” will become fat and overflowing with wealth….
How To Use Facebook For Real Estate Lead Generation
There’s no question that social media has been the go-to for prospecting and lead generating. I will show you how to basically turn Facebook into a lead generating faucet to target buyers and sellers specifically. I will warn you that there is work involved, but making it through the learning curve will pay dividends if…
How To Get Pre Approved For A Home Loan
Buying a home is a lot easier than you might think. Yes, it’s a huge purchase, probably one of the largest purchases you’re going to make in your life, but the hurdles in the process mostly deal with time. If you’ve interviewed some rockstar real estate agents to purchase your home, you’re smart, because not…
How to Use Utah Real Estate Purchase Contract (REPC)
In the state of Utah, real estate transactions are initiated and facilitated by a legal document called a Real Estate Purchase Contract, more commonly referred to as a REPC (pronounced rep-see). The REPC acts as a contractual offer to purchase on behalf of a buyer, and a contractual acceptance of the buyer’s offer (or potentially…