Tag: income property investing
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Can Cybercurrency Change the World?
Digital currency keeps on making news – and making financial experts worry. In what appears to be the perfect marketing move, the Bitcoin – an electronic currency – was recently used to buy the Tesla, an electric car. And while many hail the move as another step toward the Bitcoin’s eventual dominance of world money…
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Fake Financial Advising Targets Older Investors
With taglines like “Can you afford to die?” and “How will you spend your retirement?” financial planning programs aimed at older investors appear everywhere, promising peace of mind and security – for a price. But, as the Consumer Federal Protection Bureau reports, all too often these “financial advisors” targeting seniors with money to spare have…
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Invest to Protect Investments
Smart investing creates opportunities for building wealth over the long term, and that’s what makes investing – and real estate investing in particular — so appealing. But there’s another kind of investment that many would-be entrepreneurs miss – the smaller investments needed to protect those wealth-building assets. One of those initial investments that protect a…
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Mortgage Lending: A New Direction for 2014?
After nearly five years of ups nd downs following the massive housing collapse of 2008, the mortgage industry may be facing a watershed year in 2014 – and the shift from refinancing to purchases could mean good news for the economy as a whole. According to a new report from HousingWire, real estate industry professionals…
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Is Foreign Investment Driving the Recovery?
By several major benchmarks, the economic recovery appears to be on the upswing. The employment picture is rosier and the housing market –always the backbone of economic stability – is humming too. But a recent report by the National Association of Realtors reveals that much of that growth is fueled by foreign investment – a…
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Ten Quotes In Praise of Property
In a volatile world filled with economic uncertainty, real estate endures. That’s why a healthy housing market supports a rosy outlook for other indicators such as employment and consumer purchasing. The value of real estate as a stable commodity that supports the economy as a whole has long been known, as we see from this…
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Are Big Banks in the Government’s Cross Hairs?
Last week, JP Morgan Chase settled yet another banking fraud case for a cool $18 billion – the largest single settlement ever for an individual company. As the US Department of Justice readies yet more criminal charges against Chase and other megabanks, some financial experts question whether the government’s targeting of the nation’s largest financial…
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When Banks Say No, Private Loans Open Doors
By some key benchmarks, this is a good time to borrow money. Interest rates are staying relatively low and more consumer protections are in place to help borrowers avoid becoming victims of bad baking practices. But in spite of – and in part because of – those conditions, loans are harder to get. And that…
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Mortgage Lenders Send Mixed Messages
It’s been five years since the housing crash of 2008 and the subsequent unfolding of widespread malfeasance in the banking and mortgage lending industry, but the dust hasn’t settled yet. The complex interplay between bank fraud lawsuits, government-backed legislation and the self-interest of individual lending institutions means that loan applications can be accepted – or…
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Do Bank Fraud Settlements Help Customers?
Another day, another bank fraud settlement. This time it’s Bank of America again, as the US Justice Department seeks damages to the tune of nearly $864 million in an October 23, 2013 verdict involving the “Hustle” – a loan trick practiced by its subsidiary Counrywide. Banks are paying up big in these cases – but…