As of this month, I’ve officially been a landlord for two years. Becoming one wasn’t exactly planned, but once Kellie and I made the decision to leave Salt Lake City for Star Valley, we couldn’t bare letting go of our first home: a nice condo in a great part of the city. So we decided to find renters.
Is There Any Such Thing as "Good Debt"?
In my Financial Essentials class, Week 2 often covers the topic of debt. It starts with a conversation about compounding interest, and how this “Eighth Wonder of the World” can either hurt you or help you through “good” or “bad” debt.
But a recent conversation with a friend has me thinking: Is there really any such thing as good debt for the typical family?
I’d like to discuss two forms of debt which we gladly justify--or label as “good debt”--and for a moment take a contrarian view as to why these commonly accepted forms of good debt may not be so great.
5 Pointers for Every First-Time Homebuyer
I recently wrote a blog post about the costs of homeownership. These costs are real and should be strongly considered by any homeowner.
But if you’re just starting on the path to buying your first home, there’s even more to consider. Despite what HGTV might portray, the homebuying process is not easily condensed into a 20-minute episode. Before leaping into the fray, here are 5 tips that every first-time homebuyer should try putting into action.
Why Homeownership May Not Be Worth The Costs
Being homeowners and landlords has given us a new appreciation for using real estate to build wealth. It’s been a great experience so far, but there are both material and unseen costs involved which take a toll. Here are a few thoughts based on our own experiences, and why homeownership sometimes isn’t all it’s cracked up to be.