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Should YOU Buy a Boat?

Prairie Eco-Thrifter

They took me for the weekend and helped me learn how to water ski. A few years ago, when selecting a vacation home to buy, one of my criteria was that it had to be at a lake or on a beach. No one was buying used boats during the recession. We rent it out during the hot season. So why buy?

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Rent vs Buy Calculator: Should I Rent or Buy?

Savings Corner

How to use the Rent vs. Buy Calculator The renting-vs.-buying buying question is not something that people usually ask and answer just once. You can see, for example, that we assume your security deposit for renting is equal to one month’s rent, and that you’re making a 20% down payment.

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Buying A House In 2023: A Step-By-Step Guide

Savings Corner

Whatever the economic state of the real estate market, buying a house can be an exciting and emotional process. Buying a house: A step-by-step guide 1. Determine why you want to buy a house Purchasing a home is a major decision that shouldn’t be taken lightly. Other things to consider Is it the right time to buy?

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5 Books with Insights that Changed the Way I Think About Money

Prairie Eco-Thrifter

Buy a house, since it’s an investment. Along the way, as I was writing about money and trying to decide how to improve my financial situation, I read some books that changed the way I think about money. We have to pay for maintenance and property taxes and the interest on the loan. Get a good job.

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Selling Your Investment Property?

Prairie Eco-Thrifter

They might include things such as fees charged for obtaining a mortgage; cost of home inspections; homeowner’s insurance; title insurance and settlement fees; property taxes or transfer taxes. Deductible closing costs include points or prepaid interest on your mortgage and your share of the prorated property taxes.

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

Our small business was going well, so we said so long to renting office space and purchased a commercial property in the summer of 2012. Also to top it off, I had a huge property tax due that month for our office building that was going to be difficult to pay for in light of the circumstances. Yep, life was good.

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How We Paid off Six Figures of Debt

Family Balance Sheet

We had been renting for over 10 years and we were ready to find a property to move our business to and eventually build our net worth. Our business was doing very well, and we were excited about the opportunity to own a property outside of our home. Also, the monthly mortgage payment was less than our rent payment.

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