The Top Home Selling Myths You Should Know About (and Avoid)

home selling myths you should know about

Selling a house is a big alteration to your life. Regardless of your reasons for selling, there is always one objective when you try to put your house up as a listing — to be able to sell your house for the most amount of money possible in the least amount of time. And because of this principle, a lot of home sellers should educate themselves with the top home selling myths you should know about…

The Top Home Selling Myths You Should Know About (and Avoid)

Luckily for buyers, things are much simpler. The most that they have to worry about is how to figure out where to live. Sellers, on the other hand, aren’t as lucky. These are some of the most common myths that you should avoid if you’re planning on selling your house.

1) You Can Sell Your Home Yourself

While I can definitely see . . . → Read More: The Top Home Selling Myths You Should Know About (and Avoid)

Can’t Sell Your House? Here Are Your Options

options if you can't sell your house

The housing market is white hot right now. Some houses are selling in less than a day…and then there’s your house…which has been on the market for months and is still not selling. You’re desperate to know – what are your options if you can’t sell your house?? Lucky for you, there may still be a light at the end of this tunnel!

Here Are Your Options If You Can’t Sell Your House

This post contains affiliate links.

You might think that you only have one or two options to actually get some interest in your house at this point. You’re feeling desperate, but you don’t have to go there yet. Based on my research, you’ve actually got at least 11 options if you can’t sell your house right now! Let’s hit them one by one and get your house sold!!

1) Make Cheap (But Noticeable) Improvements

The absolute cheapest, . . . → Read More: Can’t Sell Your House? Here Are Your Options

Flip House Completed! Before and After Videos – You Won’t Believe It!!

project house flip house complete

I can’t believe I’m saying this, but the project house is done!! We bought this place in October, tore everything out of it by the end of November, and then spent MONTHS putting it all back together. I never dreamed it would take this long (both my wife and I are SO over this house), but we’re officially done-zo. Our realtor is walking through the house today and it hits the market tomorrow. The entire experience hasn’t been great, but hopefully we at least make a big pile of money! 😉

Flip House Completed! Before and After Videos

This is the “Before” video. Please make sure you view at least part of this video to get a full understanding of just how terrible this house looked before. In all honesty, I figured we’d have this house all fixed up by March….but it took 2 extra months of INCREDIBLY hard work . . . → Read More: Flip House Completed! Before and After Videos – You Won’t Believe It!!

Am I a Hypocrite? We’re Going Back Into Debt

whole life insurance sucks - sun setting

I’m dead serious. This isn’t a guest post where someone comes along and rants about good debt vs. bad debt. This is me, Derek Sall, and all the reasons why I’m about to go back into debt after 3.5 years of complete debt freedom.

Am I a Hypocrite? Why We’re Going Back Into Debt

“Whoa, Derek. You just blew my mind a little. You, Mr. No Debt, are talking to the banks about taking out a loan? What happened?”

I know, I know. Never in a million years did I think I’d write a post that was titled, “We’re Going Back Into Debt”… I vowed to myself that I would never take on debt again. But you know what? This site is called Life And My Finances for a reason. Not every decision can be made based on financial common sense. Surprisingly enough for some of us math nerds, life . . . → Read More: Am I a Hypocrite? We’re Going Back Into Debt

Is Home Ownership As Great As It Seems?

home ownership as great as it seems

You’ve probably seen all of the “get rich by investing in real estate!” posts while scrolling through social media the last few years. You also most likely heard the argument that most millennials can’t buy houses because they splurge on avocado toast (newsflash, that’s not the reason). But in a time where many people can barely afford to put a down payment on a house, let alone pay for all that a house needs, is home ownership as great as it seems?

Is Home Ownership As Great As It Seems?

This post has been written Kimberly Studdard

We’ve long been a society where home ownership is the epitome of “making it” in America. If you own a home, your life is perceived to be stable and your future is bright…but not everyone shares this viewpoint any more.

But why?

Let’s dive into the details. Is home ownership as great as . . . → Read More: Is Home Ownership As Great As It Seems?

Project House Update!! Photos, Expenses, and Projected Rental Income!

project house update - stairwell comparison

Liz and I have had a financial (real estate) plan since before we got married. It went something like this:

I pay off my house She sells her house We get married (and move into my house) Use the equity from her house and cash that we’ve been saving (this didn’t take long since we were both working and our expenses were practically nothing) to buy a cheap $80k rental house with cash Fix it up, rent it out, then save up another $80k (over the course of roughly 2 years) to buy another rental house…fix it up, rent it out Save up aggressively to buy our long-term primary residence – one with acreage, 4 bedrooms, and 2 bathrooms, and a nice barn for my wife’s future horses

So far, we’re doing pretty good! We’re on step 5, fixing up rental property #2 and hopefully finishing everything by the end . . . → Read More: Project House Update!! Photos, Expenses, and Projected Rental Income!

Wealth Comes From Where You Live…Not Your Salary

success comes from where you live

Want to be wealthy? Well before you start dreaming about luxury cars and huge houses, you might first want to take into account where you live. That’s right, wealth comes from where you live…and NOT your salary.

Wealth Comes From Where You Live…Not Your Salary

Have you ever known a doctor that owned a huge house, had a Mercedes convertible in the third stall garage, and cruised around the lake in a sweet boat on the weekends…but was in debt up to his eyeballs and a net worth of zippo??!! Well, they’d probably never tell you about their financial troubles, but there are plenty of docs that have a huge salary and absolutely no savings or investments to speak of.

Why is this?

It’s because a high salary does not equal wealth. Sure, it can help, but just because you make a lot of money at your job doesn’t mean . . . → Read More: Wealth Comes From Where You Live…Not Your Salary

Top Strategies to Get More Profit From Your Rental Property

options if you can't sell your house - for rent

Making the most out of a real estate investment requires landlords to reconsider their rental strategies on a regular basis. If you stop learning, your profits will likely suffer over time.

Top Strategies to Get More Profit From Your Rental Property

If you’re interested in getting more profit from your rental property or properties, incorporate these habits into your 2018 real estate management plan.

1) Decrease Turnover and Vacancy

As most landlords will tell you, fewer things are more trying in property management than constant turnover. If you want to save yourself from headaches and frustration—and a loss of profit—do all you can to reduce turnover and prevent vacancies in your rental property.

Turnover costs you more in the long run than you might think. You’ll lose rental income as long as the property remains unrented, which depending on cleaning and repair needs, could be longer than two months. . . . → Read More: Top Strategies to Get More Profit From Your Rental Property

4 Ways to Buy Your Next House Without a Mortgage

Are you a no-debt person like me? Have you dominated your finances over the years and even found a way to pay off your house?! That’s awesome! But here’s the thing…Let’s say you’ve paid off your house, you don’t want to go back in debt….but you want to move. How on earth can you buy your next house without a mortgage?

I mean, sure you have equity in your home and you might have a nice pile of cash in your savings to put with it, but how can you sell your house and get the equity out of it to pay for the next house? Is it even possible?

How to Buy Your Next House Without a Mortgage

This is the question Liz and I are asking ourselves lately. We have our primary house near the city as well as our two rentals – all of which we own . . . → Read More: 4 Ways to Buy Your Next House Without a Mortgage

The Rental House Progress – Two Months In!!

rental house progress

Have we really owned this house for two months already?? Sheesh… It feels like 2 weeks. There is still so much to do, I bet we’ll still be at this 3 months from now. BUT, it will all be worth it once we sit back and collect our $1,300 rent check each month! 🙂

For those of you that are just recently joining us, you can quickly catch up on our rental house progress with these posts:

How We Just Scored a $100,000 House for $75,000 Our New Rental House Project – Video Walk Through! Our Rental House Progress – 3 Weeks In The Rental House Progress – Two Months In

This is definitely a bigger project than we initially thought it would be (in our minds, we were going to tear down the paneling and patch the plaster – a 1-2 week job….and now all we see are 2×4’s…), . . . → Read More: The Rental House Progress – Two Months In!!