Author: Ingramuniversal.com

Ingramuniversal.com is a multi-faceted blog that touches on topics such as home buying, personal finance, fitness, and everyday lifestyle. Created to encourage people to invest, save, be healthy, and live your life to it's fullest!

Don’t let the Corona Virus stop you from investing in Real Estate! Use the Stimulus Bill to your advantage!

Advertisements
Photo by Pixabay on Pexels.com
Advertisements

Real estate is one of the most simplistic ways to earn money. With a relatively small monetary investment and some sweat equity, you can turn a substantial profit. The future outlook on real estate investing is positive and constantly evolving. For new investors, one of the most difficult hurdles to overcome is learning the ropes of the real estate business. Real estate transactions are complicated, and if you are not educated on the ins and outs of the business, you potentially could lose large amounts of money, fast. Before you get started in real estate investing, spend some time thinking about the best approach for your financial situation, personality, and risk tolerance. One in four residential homes is bought as investment property. Many real estate investors are regular people just like you who make impressive side incomes. Some people even earn enough to make real estate investing their primary income. 

Advertisements

This website will teach strategies you can use when investing in real consider – like real estate law, tax implications, and non-traditional real estate investment options. While being a real estate investor is, at times, stressful, it also can be mentally and financially rewarding. 

Advertisements

Your First Real Estate Investment 

Making your first real estate transaction, either as your primary residence or as a 

planned investment, can be profitable and exciting, but it can be overwhelming 

too. Follow these steps when starting out in real estate investing. 

1. Educate yourself. This doesn’t mean that you need to go back to school, but you do need to take responsibility for what you need to know, and learn it. Study the market you’re interested in entering. Use the internet, local land records, and area real estate agents to find the sales prices of comparable properties. Learn about the transaction process, each person’s role and responsibility, the legal requirements, and insurance. Each component carries fees that vary, and by researching prices you can avoid losing money. 

2. Get your financing in order.

A common mistake made by first time investors is to find the property first, then get financing. Before you go out to find that hidden gem, get pre-approved for financing. Decide on a lender by choosing a bank, mortgage company or online loan company. When talking with your lender, tell them how much you are looking to invest. They’ll gather lots of financial information about you – income, credit history, liabilities – and give you an idea of how much they’ll finance. With the many different financing choices available today, you’ll need to decide which option works best for you. Financing plans have different variables including different rates, initial cash investment, and tax implications. 

Advertisements

3. Look for your property.

Finding real estate that you can make a profit with can be tricky. Use the internet and local newspaper’s “Real Estate” section. Look for abandoned and “For Rent” homes. Drive around the area you’re interested in and try to find “For Sale by Owner” properties. 

4. Negotiate a fair deal.

Once you’ve found the perfect house, you’ll need to negotiate for the best price. Don’t expect that you’ll get a steal. Sellers are trying to the most money for their property, and buyers are trying to pay the least amount. Negotiating well involves working together with the seller to find a win-win situation. Be assertive, but plan to make concessions. Inflexibility often causes expensive delays and added stress. 

Is Real Estate Investing for You? 

Real estate is an intricate business that involves many different legal, financial, and interpersonal aspects. Are you ready to jump into this complicated business? Think about these essential questions before you make your first move. 

Advertisements
Photo by winrood lee on Pexels.com

1. How much money can you invest? 

Investing in the real estate market requires capital. The initial outlay of cash needed upfront to acquire a property may be large or small. Whether, it’s cash coming from your pockets, or cash that will be coming very soon, in the form of the stimulus bill, that millions of Americans will be receiving. You can use some of that money to put towards your down payment.But be sure you can afford to invest by looking closely at your personal financial situation. How much cash do you have? What amount of debt and how much interest can your finances handle? Think about how much you can lose. 

Advertisements

2. Are you risk tolerant? 

Risk and capital go hand-in-hand. How much risk are you comfortable taking on? A large loss to a small investor has a much larger impact than the same amount to a wealthy investor with deep pockets. While risk-taking can be exhilarating, be honest about your finances and think about the level of risk that will be comfortable to you. Do you naturally enjoy taking chances, or do you tend to be more risk adverse? It’s essential to success to know your comfort zone. 

Advertisements

3. What are your future financial plans? 

Are you interested in investing to maintain capital or to get the highest return in the shortest amount of time? Consider the amount of time, money, and risk associated with each scenario. Be logical. A straight 15% profit over a couple of weeks is not realistic. If you are interested in a high return, this usually means there’s a longer time commitment, which means your money will be tied up. The value of property can change quickly, leaving you in a higher risk situation. 

4. Do you have what it takes? 

To be successful in real estate investing, you need to be detail oriented, a quick learner, and have excellent interpersonal skills. You need to have the self-management skills required to determine what you need to know, then go out and learn it and apply it. 

Advertisements

5. How much time can you spend? 

Think carefully about how much time you can commit to the day-to-day tasks required to be successful in this business. In the beginning, you’ll need to spend a lot of time researching and learning about the business. With every endeavor you’ll need to spend time working on legal issues, zoning and town issues, insurance, tax concerns, contracts, market research, financing. If after considering these questions you are still interested in real estate investment – congratulations! This field is one of the most exhilarating ways to make a living. 

Advertisements

Thank you for so much for reading! Feel free to comment, like, and share to others to inform them of the vast benefits of Real Estate Investing.

How to Save Money for a Down Payment on Your Future HOME|Create Wealth for Yourself

Paying rent for the rest of your life, isn’t all that it cracked up to be. Having a roof over your head is fine and all, but not having that security of that roof over your head being yours is honestly really stressful. Because lets face it, what if you cant pay rent, you get evicted, what if you make a hole in the wall, do you lose your security deposit. There’s a lot that comes with renting that’s extremely negative. Now when it comes to owning your house, its yours. You can do whatever you want to it, depending on how expensive it is and what your down payment is, it is usually less expensive.

Advertisements

Paying rent for the rest of your life, isn’t all that it cracked up to be. Having a roof over your head is fine and all, but not having that security of that roof over your head being yours is honestly really stressful. Because lets face it, what if you cant pay rent, you get evicted, what if you make a hole in the wall, do you lose your security deposit. There’s a lot that comes with renting that’s extremely negative. Now when it comes to owning your house, its yours. You can do whatever you want to it, depending on how expensive it is and what your down payment is, it is usually less expensive.

Advertisements

Instead of using that security deposit on a rental put it towards a mortgage. Save up for that down payment on your house, and build up equity within in. For those who don’t know what equity is, it’s a homeowner’s interest in a home. It can go up over time or it can decrease over time. Now once you have enough equity in your home, you have a plethora of options available to you, you can take out a heloc loan and buy more properties. You can refinance, and decrease your interest rate and also take out money for home improvements. Or you can sell and reap the benefits owing less than the total value of your home and selling. But the only way you can do this, is if you take that first leap, and start saving for your down payment, put away at least

Advertisements

$100 per month, and let it add up. You can take my strategy and put $100 to $500 into an investment account and let it grow. Earning you extra money for your future home.

Advertisements

But wait let’s not forget about closing costs!

When it comes to buying a home you don’t only factor in the down payment, you also have to include closing costs, These are usually your appraisal fees, attorney fees, inspection fees, etc. Closing costs are generally 3 to 6 percent of the total cost of the loan.

Advertisements

There are ways to not pay some or any closing costs, you just have to get a little creative and negotiate your way through these fees. One way to do that is to roll some of the closing costs into the life of the loan. I haven’t personally done this, but i feel like it may give you a little breather as far as having money left over after closing.

Advertisements

Although it does make your monthly payment higher at the end of the day, you could always refinance at a lower rate. The second option is asking for seller concessions. All you have to do for this option is include it into your offer. You would just communicate with your agent that you are interested in receiving sellers concessions. There is a limit on how much you can get when asking for concessions, but whatever you do get, if you are lucky, can go a long way. I have been lucky enough to receive $3500 from the sellers of my first deal, part of this is because i had a very good agent. With this information you won’t need to rely on a good agent, you would just bring this up yourself right off the bat, be patient, and reap the rewards. To learn step by step how to buy your first home check out my e-book using this link https://payhip.com/b/729x. Purchase a copy for just 99 cents.

Advertisements

Is It A Good Time To Purchase A Home Today in America?! To Buy Or Not To Buy That Is The Question.

Implications like these tell us that a Buyer’s markets, within the next couple of months, could possibly be coming. Inventory may come on the market at much more accurate prices. The people who will benefit from this, will be essential workers, who have strong cash reserves on hand

Advertisements

undefined De-listings are up way over 100 Percent this quarter, that is the highest it has been in history today so what does this mean to us Real Estate Investors and Home Buyers. The corona-virus has put a wrench in this years real estate market —but don’t expect buyers to lower their prices. Today’s Sellers are simply not giving in to the temptation to lowers prices accordingly. Along with the Sellers making it hard for buyers, Lenders are also making it harder to close new loans even though rates are low, staff are laid off or working from home, and the Covid-19 environment makes things like getting inspections and appraisals much more difficult.

Advertisements

Implications like these tell us that a Buyer’s markets, within the next couple of months, could possibly be coming. Inventory may come on the market at much more accurate prices. The people who will benefit from this, will be essential workers, who have strong cash reserves on hand. Potentially you may actually have less competition and a more level playing field when it comes to offers and closing cost concessions, because showings are – No pun intended- virtually limited.

Key Takeaways

  • It’s a Great time to buy if you’re not at risk of being laid off
  • You have an ample amount of cash reserves to use as a safety net
  • Get a Number or Price you can work with, Negotiate the price down

Advertisements

The work from home experiment has proven to workout for the economy, this means that the demand for homes with office space will be up. So when scouring the market for a home be sure to add extra space/ home office as a requirement to the menu.  Evidently the big winners will be home-buyers who have patience, however if you can get a discounted deal in today’s market with a low interest then your in the game.

90 Percent of Millionaires become so through owning real estate

– Andrew Carnegie

Negative Interest Rates May Be Happening – This Is What To Expect If They Do – Cheaper Loans And Higher Bank Fees

Negative interest rates are something the United States has never seen before, I repeat never have seen or done before. When rates dip below 0, there are three things that generally happens. One major effect of negative rates, is banks will have to pay you to take out a loan. This is one thing I’m looking forward to as a real estate investor, because I’m currently paying 4 percent interest on my $111,636 mortgage that I owe. Which is historically low, a couple years ago you couldn’t get an mortgage rate lower than 15 percent! However these rates are hovering around 3.38. The second effect, would be that you would be charged a fee to save your money in a bank. In the long run, I would expect people to pull all of they’re money out and invest all it. The Third effect, would result in stimulating the economy.

Advertisements

Negative interest rates have been around for years, just not in America. Countries such as Japan and a few other European nations have implemented the idea but in limited form. “Negative interest rates are inevitable in the U.S.,” said Bankrate’s Greg McBride. President trump has also tweeted numerous times that he suggests some form of negative rates would benefit the United States, especially in a time like this.

With the possibility of these types of rates coming, the economy may benefit from stimulation due to a increase in lending. As a result it would become more affordable to borrow, and more expensive to save. You may see a increase in gold investing and even bitcoin being that there have been talks out creating a digital dollar in the past couple of months. It is uncertain whether this would affect the nation in a positive or negative way, because simply; this has not been done.

Advertisements

For more of my posts follow me on Pinterest at Ingramuniversal. Also, your comments are more than welcome!

Pinterest

ITCHING TO LOSE THOSE LAST STUBBORN 5 POUNDS | FREE DIET PLAN & ONLINE FITNESS CLASS INCLUDED WHEN YOU SIGN UP

Advertisements

In fitness the most important aspect by far, is your diet. As we age our metabolism starts to slowdown and decrease, making it easier to gain weight rather than lose. When we’re kids its easy for us to lose weight because we’re so active, and constantly moving around. Kids are not worried about food, they eat less than adults and play more; it’s their cardio! Fun fact, an average adult needs to do at least 30 minutes of cardio everyday if they want to be considered healthy.

Out of the 24 hours in a day you only need to workout 30 minutes, its not that difficult, you just have to have the desire and motivation. Sometimes we hire personal trainers because we need that extra push to make it to a workout. Trust me I know, I’m a Certified Personal Trainer and have trained well over 1000 people, including one on one sessions and group classes. If you want that extra push to hit your goals,  have a workout pre-scheduled in your day, and feel like you finally did something other than sit down. Sign up for a FREE DIET PLAN and FREE VIRTUAL FITNESS CLASS! 

Advertisements

Photo by Ella Olsson on Pexels.com
Advertisements

Coronavirus| How to Get Mortgage Relief during the Covid-19 Epidemic

Advertisements

2020 has been an interesting year nonetheless. From raising our newborn and bringing her into the new year, to dealing with a global epidemic. The real estate market has been in a frenzy, with the covid-19 preventing people from paying their mortgage payments on time. Luckily, I’ve been able to adjust accordingly to these new changes going on.

First things first, I advise you if you haven’t already put your mortgage into forbearance and get some type of relief… Do it! Millions of Americans are blowing up lenders phone lines to the point where you won’t get through and will have a hard time. You may just give up, procrastinate, and not do it at all especially since the percentage of requests to postpone mortgage payments jump nearly 2,000%.

Advertisements

Fortunately after what seemed like 15 to 20 times, I was finally able to put my investment property into forbearance for 3 months. I believe in the phrase, It’s better to be safe rather than sorry and if we get passed this whole epidemic faster than we expect, then i can just take my mortgage off of forbearance. If you happen to also be putting your mortgage into forbearance, beware of rules that may come into play. Your lender may not allow to forward your mortgage payments to the end of your loan. So after your 3 months of forbearance is up, you may have to pay those missed payments in full. Put your money to the side, and be ready to pay in full. 

Advertisements

Banks such as Wells Fargo, Bank of America and Chase have outright said that customers have to repay those postponed payments in a lump sum once three months are up. It all depends on who your lender is, this unexpected demand could put homeowners deeper in debt as millions are laid off and watching their retirement savings plunge with the stock market. So if you do plan to enter forbearance please be smart, and have reserves to tap into.

Advertisements

After being allowed to put my mortgage into forbearance, I took advantage of current mortgage rates being super low, and I refinanced my primary residence. This drops my mortgage a little under 200 dollars, putting less pressure on my wallet. From doing this refinance, I was also granted a month void from paying mortgage. One free month, to save money  and add to my emergency fund. 

Advertisements

This was definitely a win- win situation because I’m off the hook from paying my 1st mortgage, and because of the refinance I’m lowering my monthly payment and also able to skip a months payment. If you’re in this predicament where you have one or two mortgages, follow this case study and get ahead of the curve, until we flatten this curve.

Top 5 Most Affordable Places you Can Buy a House for Cheap (Close to New York City)

Advertisements
  1. Newark NJ
Advertisements

2. Jersey City, NJ

Advertisements

3. Upstate NY Poughkeepsie

Advertisements

4. Connecticut bridgeport

Advertisements

5. Parkchester Bronx

Top 5 places you can buy a house for cheap, while working in NYC!

Get a free sample of my Ebook on my social media, which will go into extreme detail on how to buy real estate. Or go to the link below and get the full book

A book that helped me in journey was “rich dad poor dad” and it may help you! Link below

https://amzn.to/2shwsGi

#Howtofindahomeonzillow #homeinvestor #facebook #buildwealthwithinvestments

Coronavirus is making everyone rethink where to live|Should you as well


Owning a home in the big apple, has always been a huge dream of mine with being born and raised in lower Manhattan all of my life. What’s more convenient than living in an area that you know like the back of your hand. Your jobs are there, your friends are there, and your memories so what could possibly make me change my mind now. 

Advertisements

Well with the way things are going now, living in the city that never sleeps is becoming less desirable to a large group of people. The hustle and bustle of the city has more of a negative tone than a positive one in 2020. With the Coronavirus literally destroying small businesses and other facets of life, it has also single handedly eliminated dreams of one day living in the big city. People are now gravitating towards suburban areas,stepping away from the city, and trading in their convenient commute for more green space.With the coronavirus rampant in U.S. cities and big towns many people are thinking of relocating to less crowded or even rural and country areas.

But in a post coronavirus world where dense city areas are tightly-packed New York has been the epicenter, more and more may favor the suburbs instead.

Scared of the risks they’re taking by living in a city that has been called the epicenter of the covid-19 epidemic. “Why New York? Why are we seeing this level of infection? Well, why cities across the country?” Cuomo stated in a briefing last month.

“It’s very simple,” the governor said. “It’s about density.” 

Advertisements

Density is what’s making people flock to the suburbs. People are willing to just pack up and leave, but can you blame them. Cost wise it makes sense, moving just 20 miles away from the city could save you hundreds of thousands of dollars. Being that you were willing to purchase, we’re talking cheaper property taxes, lower costs of goods, and most of all you’ll definitely save on gas.

NYC Brokers are predicting housing sales will jump dramatically in Staten Island, where things are a little more spread out and less cluttered compared to the city’s real estate.

In my opinion, i do not see a change in population statistics within inner cities. If you take the attacks of Sept. 11th and the 1918 flu pandemic, the city has rebounded time and time again. Will there be more demand in suburban areas? Possibly, but don’t count New York City out just yet. 

“New York loves all of you. Black and white and brown and Asian and short and tall and gay and straight. New York loves everyone. That’s why I love New York. It always has, it always will. And at the end of the day, my friends, even if it is a long day, and this is a long day, love wins. Always. And it will win again through this virus. Thank you.”

– Governor Andrew Cuomo

Free BOX+BURN+ABS Online Fitness Class via ZOOM This Upcoming Wednesday 5/20 at 7:45 PM!

FREE BOX+BURN+ABS ONLINE FITNESS CLASS!

YOUR FREE LINK IS BELOW, PASS IT ON!

Box+Burn+Abs is inviting you to a scheduled Zoom meeting.
Topic: Box+Burn+Abs With Jacob WED Night 7:45PM Eastern Time:

This is a recurring meeting Meet anytime
Join Zoom Meeting

https://us04web.zoom.us/j/75867902241?pwd=cUo5RTRKcy9Jc2lpSVNXWGc2bnJXdz09


Meeting ID: 758 6790 2241

Password: 091120

If you enjoyed the class use this link to sign up https://payhip.com/b/476v to gain access to more classes!

Next week, Box+Burn+Abs we’ll be hosting a Free Online fitness class via Zoom this upcoming Wednesday 5/20 @ 7;45 PM, Everyone is invited. You are free to pass the link on to family members, friends, and co-workers! We are giving back to anyone who has been in distress since the lock down. This is a great way to stay active and reach your fitness goals, during hard times it’s easy to forget how important physical fitness is and how easy it is to get out of shape; fast. Classes are normally only .99 cents per class with a $5 membership which is still a bargain but to give back we cutting that price for next Wednesday and making it free. During the class you are working out with other members of Box+Burn+Abs, but you do not need to be seen or heard! You have your own sense of privacy while taking a Box+Burn+Abs class, plus you have the convenience of doing the workout from home.

The Class is 30 minutes long, no weights or exercise equipment needed during our workout!!

It is recommended that you workout at your own pace, and take breaks during the workout, water breaks, seated breaks etc. Please join in at least 3 mins before to gather yourself and get ready for an action packed workout. After doing the free workout, you can sign up for a membership here by clicking the JOIN NOW button! Spread the news for us, and help get others in shape next Wednesday 5/20 @ 7:45 PM Eastern Time

Join Now!

Advertisements