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On March 21, the Federal Reserve raised its benchmark interest rate from 1.5% to 1.75%, the highest it has been since the Great Recession. It was, most likely, a big mistake. The Federal Reserve has a dual mandate to keep employment high while keeping inflation low and relatively stable. It pegs this around a goal […]

A 12-room Minnesota bed-and-breakfast on the market for $495,000could be an ideal second chapter for a restless urbanite. With repeat guests and a budget-friendly price point, it’s a real steal for a savvy buyer who can embrace the home’s interesting past. Because a gem like the JailHouse Inn—yep, it’s a former jail—doesn’t land on the market every day. “It’s such […]

My household has finite income. It turns out this is a common problem. When you have a limited amount of money coming in each paycheck, it can be very easy to have conflicting financial goals. My wife and I find ourselves in this situation. Here are our top two long-term financial goals: Achieve financial independence through property […]

Everyone loves to save money, but sometimes mindset can get in the way of doing what’s most efficient. While it’s common knowledge that doing certain things yourself saves money, that isn’t necessarily always true. People think outsourcing is a luxury only available to large operations that can easily afford it. But the truth is that […]

A mortgage isn’t free — there are fees associated with getting the loan. Those closing costs usually total thousands of dollars. Besides writing a check to pay those fees at the closing table, there’s another way to pay them when you get a mortgage or refinance your existing one: by adding them to the loan amount. […]

In the current world of the yes man, the win-a-million TV show insanity—a trophy for all ages and players no matter the results— we, as a culture, have gotten soft. As humans, we are more and more lax in our abilities to handle stress, failure, and temptation. Giving in to those things then limits our […]

Being an entrepreneur takes skill and focus, as well as a good sense of timing. Without skill, you’re not offering the market anything it will value. Without focus, the host of options and paths forward will send you in dozens of directions, wasting time and resources on projects that could have worked — if they […]

How to Build a Home Renovation Team You Can Trust When you’re updating your home, the last thing you need is a lousy contractor. Whether you’re a professional real estate investor or a homeowner with dreams of renovating to update and improve your house, having a quality home renovation team you can trust is absolutely essential. […]

When you apply for a home mortgage, you have a lot riding on successfully completing the process on time. Not securing that mortgage on time could mean losing your due diligence money, increased moving expenses, and even becoming responsible for seller expenses. That’s a lot of extra stress (and expense) piled on top of an […]

I’m a big fan of buy and hold and the BRRRR method. That being said, if you’re going to go down this path, you will want to know how to increase the rent and the return from your rentals. Doing so encompasses all factors of property management. Leasing faster and to higher quality tenants will increase your return. Renting […]