Utah Real Estate Magic June Newsletter

Please click on this link to view  JUNE -2011 Newsletter  Housing Trends eNewsletter: http://kibjensen.housingtrendsenewsletter.com/?Newsletter_ID=273 

Comments

Post a Comment

Popular posts from this blog

House-Hacking Rental Property

Image
House-hacking refers to buying a multifamily property on an owner-occupied mortgage, living in one unit and renting the others.  If you're thinking about becoming a rental mogul, starting early is an advantage.  Not only will you have longer to accumulate a larger portfolio, you can increase the leverage on the first acquisitions if they are owner-occupied.  Leverage is the use of other people's money to finance an investment.  The higher the loan-to-value, the greater the leverage which can increase the yield. A $200,000 rental property with an 80% LTV at 4.5% for 30 years producing a 16.88% before-tax rate of return would increase to a 23% return on investment by increasing the mortgage to 90%.  A typical down payment on an investor property in today's market is 20-25% but, in some cases, a higher loan-to-value is possible. Owner-occupied, multi-unit properties, two to four units, allow a borrower to occupy one of the units and rent the others out. ...
Read more

Are You Covered?

Image
A home warranty is a service contract that protects your home's appliances and some systems from repairs or possible replacements.   A convenient benefit of a home warranty is that when you report an item, they will assign a service provider to evaluate whether it should be repaired or replaced without the owner having to act like a middleman. Homeowner's insurance is required by most mortgage lenders when there is an outstanding loan.   This coverage protects the structure and the dwelling and the homeowner's personal property from named occurrences like theft, natural disaster, or accident.   Homeowner's insurance does not cover the systems and appliances for repairs or replacements due to normal wear. The fees for home warranties can vary based on deductibles and how much of the risk the homeowner is willing to accept. Additional items can be included to the standard coverage to include pool, spa, additional refrigerators, septic tanks, and other items.   Th...
Read more

Awareness is Key to Safeguarding Against Scams

Image
When it comes to safeguarding against scams, awareness is key. By being vigilant and recognizing consistent red flags, you can effectively thwart scammers in their tracks. Stay one step ahead and keep an eye out for these warning signs to protect yourself from falling victim to fraudulent schemes. Unexpected contact - You receive unanticipated contact by phone, text, or email from an individual or organization regarding an invoice, order, delivery, or charge that you don't know about. Sense of Urgency - Scammers employ tactics to manipulate and create a fabricated sense of urgency, resorting to rude or aggressive language to pressure you into taking immediate action. Unusual Payment Requests - Be cautious if someone asks you to make payments or send money through unconventional methods such as gift cards, cryptocurrency, payment apps, or online wire transfers to deceive you into paying for something, resolving a fabricated issue, claiming fake sweepstakes...
Read more