The GURU Guide — Real Estate. Wealth. Legacy.

A rental property can look like a great deal and still become an expensive lesson. Before you focus on finishes, curb appeal or the asking price, get comfortable with the numbers that determine whether the property can actually perform. 1. Total acquisition cost Your real cost is more than the purchase price. Include closing costs, inspections, immediate repairs, lender fees and any cash needed before the property is rent-ready. 2. Realistic monthly rent Use current comparabl

If you are paying $1,500, $1,800 or even $2,000 in rent, it is tempting to assume your future mortgage payment should be about the same. Home affordability does not work that way. Your buying power depends on several numbers working together—not rent alone. What lenders actually look at * Your gross monthly income and debt-to-income ratio. * Your credit profile and the loan program you qualify for. * Your available funds for down payment, closing costs and reserves. * Propert

An inherited home can bring financial decisions, family emotions, paperwork and property responsibilities all at the same time. You do not have to solve everything in the first week. A clear sequence can make the transition much easier to manage. Start by securing the property * Confirm who has legal authority to make decisions for the property. * Secure keys, doors, windows and access points. * Confirm insurance coverage and whether the home is considered vacant. * Keep esse