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Month: October 2017

55 Years Old – Don’t Buy A House

If you have owned a house and paid off the mortgage over the years you know the first 10 years is almost all interest payments with very little equity. There is nothing wrong with buying a house as long as you can qualify. That means a good down payment and a steady job. None of that no-down-payment nonsense. The buyer must be serious about making those monthly mortgage payments and have a good job. Banks are checking these days. The financial community in the recent past has been required to make mortgages for those who did not qualify with no down payments and had no serious intention of paying if it became economically uncomfortable. It is too easy to walk away. The true cost of home ownership is not just the monthly mortgage payment. In a new house all the appliances, plumbing, roof, pool equipment, window frames, etc., etc., everything has an estimated life expectancy after which they need to be replaced. Buying an older home means all of the above will occur sooner. Replace or repair can be expensive. The true cost of keeping the house is the mortgage payment plus upkeep. Oh and let’s not forget taxes. Then there is a little thing called insurance that is required by the mortgage holder. The industry calls it PITI = principle, interest, taxes and insurance. Depending upon the length...

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Reminder Phoenix Lunchtime ActiveRain Meetup Thursday November 9, 2017

Hosted By Tony and Suzanne Marriott WHEN: Thursday, November 9, 2017 from 11:00AM to 1:30PM WHERE:         Greekfest Restaurant1940 E. Camelback Rd.Phoenix, AZ 85016(Northwest Corner of 20th Street and Camelback) There is covered parking behind the restaurant, and some spaces in front of the restaurant. Great Menu – Reasonable Prices! Some photos from our recent August Meetup there!                Suzanne Marriott and Richard Bazinet                               Anna Banana and Tony Marriott          Richard Bazinet, Steffy Hristova and Jeff Jones            David Dion, David...

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Google Wants Content, But People Get Bored…

Tammy Emineth “Do you like reading a wall of words? Probably not. We get eye fatigue and bored. We need something fun for our brain to process. Even if it seems unimportant, that image that breaks up the text gives our brain a little recess so we feel we can continue the article.”Right on target – and – re-blog! You’re online, you’re writing, but are you getting anything in return? We’ve all heard content is King so why are people not responding to the gazillion blog posts I’m putting out there? Google is the King and we all want to...

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The Truth About Timeshare – How Will I Be Sold

You’ve waited your whole life to invest in a vacation property, so you deserve to have all of your questions answered. Real Property is just that; it is either land or improved with a single dwelling or multifamily unit (condos). A deed is recorded at the local courthouse and you pay real estate taxes and other holding costs each year. You have the sole right to use the premises and dispossess it (sell) at any time throughout the year. If you choose to derive some income from the property, then you can lease it or rent it on a vacation rental program. Under those circumstances you will loose the right to occupy at any time; however you still remain in control over the entire unit and can dispossess at will (so long as you are not violating any liens on the property, which include leases and management agreements). Most people look for a vacation property in an area that they are familiar with and have visited often. Of course, because you are comfortable with the resort and you have a desire to continue returning again and again. So, once you make the decision to purchase a vacation home, you have done at least a small amount of research and are familiar with the price ranges. At most resorts that range would be $250,000 (condo unit) to millions (oceanfront or...

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