Real estate investing has various benefits and challenges not associated with other investment vehicles. There are specific tax codes made just for those investing in real estate, whether they are commercial or residential.
We all need a place to live. From a financial point-of-view, where we choose to live can be the most important decision we make. Whether it’s a mortgage payment, rent payment, or the fuel and maintenance to keep a van running (see below) the monthly cost of housing is usually the biggest bite out of our income. Choose wisely and we manage to have an affordable way to live comfortably and to improve our chances of building a stronger financial future. Choose poorly and we risk throwing thousands of money away needlessly and sabotage our financial security going forward. While we can’t [...]