Investments
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Avoid financial services that are sold and marketed, rather than delivered. The difference between the two really adds up. The cost of selling and marketing financial services (commissions) add tremendously to the overall cost of managing your financial life.
I am often asked if I advocate selling shares of a good performing stocks. As you might expect I believe some investments can be held for life. However, there are occasions when selling shares make sense.
Adjustable Rate Mortgages
While teaching as a University lecturer, I had a student who wanted to purchase a house to “flip”. He indicated he talked to his real estate broker and she indicated that now is not the time to get an adjustable rate mortgage. Since interest rates are low, it does not make sense to take the risk that rates will rise.
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Should I Remodel My House?
The answer to the question "Should I remodel" is YES if you are remodeling your home to make it more livable, enjoyable, friendlier, or for other emotional and practical reasons.
If you want to make the improvements to increase your wealth or increase the return on your investment, than please read this.
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Construction Calculator
While visiting RealEstateJournal.com I found this quick construction cost estimator by RSMeans. The easy to use calculator allows you to select from 50 building types to estimate the cost of commercial construction. The user inputs the construction site zip code and expected square feet.
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Help with Eminent Domain
Many State governments maintain an online "right of way manual". If you are a property owner impacted by eminent domain or have other right of way issues, you may be able to access the Manual that guides the government agents.
Click on the links from this blog (RW Manuals) or search on the Internet for a manual in your State.
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