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Category Archives: Real Estate
In the military, we face this decision more than most folks. We buy a house because we intend to stay in it for a while. We hope that we can hold it long enough to actually have prices rise over … Continue reading
Just because you joined the military, you shouldn’t have to give up the right to buy a house. While there are many things to consider, you may: Buy a starter home Purchase a home that you plan to live in, … Continue reading
Welcome to Day Nine of the 30 Day Financial Transition Challenge. Today’s article focuses on your rental real estate exposure, specifically if you’ve become an accidental landlord at some point in your career. You might not own any rental property, … Continue reading
Welcome to Day Four of the 30-Day Financial Transition Challenge. Today’s article focuses on the concept of owning the right-sized home, which is the fourth of the Five Fundamentals of Fiscal Fitness. Bottom Line Up Front (BLUF) Owning your residence, … Continue reading
One of the most common questions that I’ve been asked (and one of the most popular debates that I’ve seen), is the question about whether it’s better to have a 30 year mortgage or a 15 year mortgage. There are … Continue reading
Five Fundamentals of Fiscal Fitness #4: Own the Right-Sized Home (and Mortgage) This article, “Own the Right-Sized Home (and Mortgage),” is the fourth in a five-article series that discusses the Five Fundamentals of Fiscal Fitness, designed as a basic starting … Continue reading
Real Estate Lessons Learned This is the story of my first house, which my wife and I bought in our twenties. It’s not really as bad as the cool Star Wars picture to your left. Things worked out in the … Continue reading
When you make the decision to sell your home, it can be for any number of reasons: relocation, buying a bigger home, downsizing, or because it makes financial sense to do so. In fact, I previously wrote an article about this here. However, there are times in your military career where you just can’t sell your home as soon as you leave it: you’re underwater, you might move back into it later on, it’s got potential to make a lot of money as a rental, or timing issues. From the moment you have a tenant move into your house, it’s no longer your home…it’s a rental property. Whatever the reason for selling your home, let’s take a look at three tax considerations you should take into account: Continue reading
I wrote this article a couple of months ago, which you can find here. However, I’ve made some changes, because there are some things you should consider when buying a house in the military. The largest purchase most people will … Continue reading