Recently, FICO introduced a new scoring model that could potentially make a big impact on housing—if mortgage lenders ever use it. The FICO 9 score would limit the impact of paid medical collections on a consumer’s credit score, potentially lifting scores by 25 points on average, the company says. That’s good news to anyone who’s [...]
We’re officially entering the fall selling season, the best season for real estate after spring. As kids head back to school, parents can turn their attention to buying before the new semester starts in January. Fall is the sweet spot for families because if you close the deal by Thanksgiving they have the holiday break [...]
Would you buy a place to live for your kids in college? Would you make the purchase while your kids were in middle school? Apparently some overeager parents are buying their college-bound kids apartments near some top ivy schools, long before they’re even accepted. Real estate agent Ed Feijo of Coldwell Banker Residential Brokerage in [...]
On a recent weekend, I visited the Malibu, Calif. area for brunch and a play. The restaurant had a rack of freebie publications, including a glossy homes-for-sale magazine. Wow! The homes and estates stunning—and so are the prices. The advertised monthly rental prices for Malibu homes and estates ranged from $20,000 to $100,000 per month. [...]
More and more homebuyers need to be prepared for bidding wars in today’s real estate market. When they arise, people can end up paying much more than the original listing price. Real estate bidding wars are often the result of first-time buyers and investors looking for the best price and coming across a deal that [...]
In the go-go housing market that prevailed leading up to 2008, many people came to believe that they couldn’t go wrong investing in a home (i.e., buying a house and throwing as much money as possible into maintaining and improving it). When home prices were rising steadily—one could say precipitously—for nearly 35 years leading up [...]
I remember buying my first home. It was a Victorian cottage on Long Island that I painted creamy yellow and carnation pink. I didn’t think about the cost of insurance when I bought it. I was young and naive; I only saw the beauty of that house. I didn’t even consider the insurance costs. As [...]
Kristi Ross, Amanda Setili, Austin Allison and John Heithaus join Ilyce this week to discuss how to improve your small business on August 17, 2014 on WSB radio. Kristi Ross - CEO, President of dough, Inc In April 2014, tastytrade and dough combined to form a new company: dough, Inc. Formerly president of tastytrade and CEO and president of [...]
Getting an inheritance can be such a bittersweet experience. You might receive lots of money or special mementos from the deceased, but the person with whom you’d like to share the experience is gone. During this trying time, it’s likely that the last thing on your mind is taxes. But taxes are an important consideration [...]
Every real estate investor makes mistakes, myself included. But you learn from them and ultimately build experience for the next time. On my radio show this week, I asked Brandon Turner, the vice president of marketing and communications at BiggerPockets.com, a real estate investing social network, about some of the biggest mistakes investors make. “The [...]
