Buying or Renting an Apartment: Which is the Better Choice?

If you live and work in the city, should you buy or rent an apartment? Buying allows you to have a place to call your own while renting gives you the flexibility to transfer if a particular location is no longer appealing.

buying or renting house

Making a choice between the two options will depend on your current financial situation, what your current career situation is, and what your priorities are.

This guide will assist you in evaluating the pros and cons of apartment rental or ownership and which one would be the best for you.

Why Renting is a Good Idea

The following are the reasons why renting an apartment is an ideal choice to make:


One of the advantages of renting an apartment through sites like Property Guru is the amount of flexibility it gives you.

Yes, purchasing an apartment does give you a sense of security and stability, but what happens if your company relocates you to another part of the city, or even to another region in the country?

You could tell them no and jeopardize the possibility of getting a promotion, or you can agree and find yourself having to pay for an apartment that you are not using. It is due to instances like this that renting seems to be more advantageous for people that are still in the early stages of their career.

If you are just renting a unit, it wouldn’t matter if your company decides to relocate you, since you can just give sufficient notice to your landlord and transfer to another apartment. There are also instances where you may want to resign and transfer to another company that is offering you a higher salary and better position.

Do you believe that staying with your old company, just because your apartment is closer to their office, is the right decision to make?

Of course not! You need to advance your career via whatever method possible. Instances like this show that flexibility trumps stability for young professionals that are still in the early days of their career.


If you are a new hire at a company or are still at the beginning of your career, renting an apartment is far more affordable than buying one.

Yes, people state that you should start investing in purchasing an apartment as early as possible due to rising home prices; however, the problem with this idea is that you are making a long-term purchase based on a small income. As you get promoted within your company, your salary is going to increase which will enable you to make larger purchases.

Starting the purchasing process at the beginning of a career could be a foolish and premature decision, you will be stuck making payments on a small apartment when you could have gotten a much larger one.

There is also the matter of how much of your salary will go into paying for an apartment per month. If you are just renting, the payments are much smaller which enables you to utilize the excess cash towards other pursuits such as taking a vacation or investing in stocks.

Why Buying an Apartment is a Good Idea

The following are the reasons why buying an apartment is an ideal choice to make:

Peace of Mind

The good thing about taking out a long-term loan to pay for an apartment while you are still young is that after 10 to 15 years, the apartment should be fully paid off.

The only bills you would need to worry about are your utility bills and association dues which are much cheaper than the monthly rent that you used to pay. Having a place to call your own also gives you peace of mind since, in case you are ever in an accident, you could take a few weeks of non-paid leave to get better without having to worry about paying the rent.

Long Term Investment

Owning an apartment is also an excellent long-term investment since you can rent it out for the first 10 to 15 years of its economic life and then you can sell it at a later date for a much higher price than what you paid for it.

The rental income would help to pay for the monthly loan payments while the proceeds from the sale of the apartment could go into your retirement fund. You could even choose to rent out the apartment fort he entirety of its economic life and live off the rental income that it generates.

Choosing between renting or owning an apartment is all about where your priorities are. Either choice has its pros and cons that need to be considered carefully before committing to them.

In the end, choose based using your financial capability and what other people say you should do. If you can’t afford to buy an apartment, then you should definitely not do so.

Top 5 Best-Kept Home Buying Secrets

One of the most important decisions you will ever make in your life is buying a home. The task can be daunting especially if this is your first time. In all this excitement, you might end up taking the first home you come across. This might turn out to be a huge mistake. You need to prepare for the process to end up with the right house that will accommodate your needs not just for now, but 20 years to come. Here are valuable tips to make the process flawless.


1. Choose the Right Neighborhood

The neighborhood you select will be a determining factor in the price of the house and accessible services. Consider the security, transport networks, essential services, and your work. For instance, if you are planning to switch jobs in the near future, make sure you buy the home near your workplace. Consider the setting too, decide whether you want a rural or suburban setting.

2. Get an Expert to Show You the Way

The real estate market is vast and complicated. To maneuver this market, you need the services of a realtor. The realtor is a professional who has the experience and training to sell houses. This professional understands the local market and will help you locate several houses that suit your needs. The realtor will help you choose the best house that suits your needs. Using a professional saves time and money. You will get advice on how to negotiate for the best deal, make an offer, get financing and complete the paperwork.

3. Understand what you can afford

After you get an experienced real estate agent, you need to know the type of house you can afford. What you can afford will depend on your income and how much the lender can give you. Factor in monthly payments, the down payment, property taxes, cost of maintenance, insurance, and closing costs. These will determine how much you can spend on the house. It won’t be useful if you get a house yet file for bankruptcy a year down the line.

4. Understand Your Financing Options, and Secure the Right Finance

You have several financing options to use for your home purchase. You can use cash or opt for a mortgage. A realtor will help you understand the various options and the pros and cons of each. If you opt for a mortgage, make sure you are preapproved because this will direct the way your home purchasing process proceeds.

5. Work with a Lawyer

The home-buying process has several legalities you need to be aware of. The contract you sign with the seller is a binding contract and is recognizable by the law. A lawyer comes in to protect your interests as a buyer. The contract has several clauses you might not be able to interpret as a non-professional. A lawyer has the knowledge to tell you whether to sign or not, and what you are getting into. The lawyer assists you to get a genuine certificate of occupancy, the title and mortgage contract.

Final Thoughts

Nothing beats the thrill of buying your first home. However, it isn’t such an easy process, and you might find yourself taking a home not suitable for your future plans. Follow these tried tips to get your dream home.

Tulsa Property Managers is a Jenks property management company offering professional property and real estate management, consulting and sales services throughout the Jenks and Broken Arrow, Oklahoma area.

Introducing Making Homes Affordable Programs

Addressing the problems that arose from the housing bubble’s burst, President Obama implemented his Making Homes Affordable strategy under the Housing and Urban Development sector of the government. The goal of MHA is to assist home owners with bloated mortgages from facing foreclosure and a strained living through various means. MHA is broken down into different sections to address different situations.

home for sale
home for sale

Major programs like HARP and HAMP are there to provide opportunities for those up on their mortgages but struggling. They work, in part, with major federal lenders like Fannie Mae and Freddie Mac to offer assistance to Americans who are struggling to keep the American Dream alive. However, despite the wide reaching benefits from programs like HARP, HAMP, HAUP, and their Second Lien Motification Program, few people are fully aware of MHA‘s existence, what it does, and how to take advantage of it.

Refinancing Opportunities

HARP‘s primary function is to offer refinancing to homeowners who are and have been current on their mortgage payments but are suffering from high interest rates or are paying off houses who have subsequently become underwater since the housing bubble’s burst. Loans covered under Fannie Mae and Freddie Mac may be eligible for restructuring or refinancing. The advantages are typically a lower interest rate dependent on the amount of depreciation homes have suffered from the effects of the bubble bursting. The two main points of HARP are that lenders are covered under federal loan programs and that they are current on their financial obligations. Working with a HARP servicer will determine how much of a refinance your home is worth and put into place the changes necessary to lower interest rates and adjust for premiums imposed prior to the bubble’s burst.

HAMP, on the other hand, is the government’s primary modification program. HAMP is aimed at helping homeowners with high mortgages modify their current mortgage to avoid foreclosure or just reduce the amount of stress placed on homeowners with inflated mortgages and high interest rate. HAMP helps both home owners who are up-to-date on their mortgages as well as those who are starting to fall behind. A major advantage to loan modification through HAMP is that costs and fees are either waived or greatly reduced.

HAMP is also a good opportunity to avoid foreclosure. Servicers under HAMP’s umbrella must give homeowners the opportunity to pursue all avenues before a foreclosure is complete. HAMP is able to stall foreclosures and potentially offer homeowners a way to modify their loan, buy some time to prove that they are willing and eager to pay back the loan, and stop the foreclosure altogether.

The Making Homes Affordable strategy has many facets, covering a great deal of situations based on the individual homeowner’s situation and needs. Its wide reach means that many can be protected and assisted through its programs.

A Beginners Guide To Selling Your House

Selling a house is not as easy as many people might think. In fact, it can be quite stressful if you have never handled such kinds of transactions before.  If you are seeking to sell your house today, there are many options that you can go for.   To be able to make the sale process easier, get the house noticed and start attracting many buyers as soon as possible, follow these simple steps.


Use a real estate agent

Many people might tell you to do the selling by your own. Much as the for sale by owner arrangement sounds good, it is just but an exception. Many people who have been successful in selling and buying property before are those who made use of the services offered by real estate agents. Therefore, if you are selling your house, these are the kind of experts that you cannot choose to overlook.  You just have to count on their input.

A real estate agent understands the current market situation. This means that they are best placed to value your property and find you the right kinds of buyers.  The same agents are perverse and know the various types of marketing techniques that they can use to make sure that you are selling your house as fast as possible. For  instance, they make use of signs,  the internet, and many other advertisement tools that will definitely help to ensure that your home is noticed.

Live in the house when it is up for sale

Unless it is really necessary, it is advisable to stay intact in your house before you sell the house.  Moving out of your house does not fetch you any more money. If any people are interested in it, they can still view it with your property intact. You can then move out once they have finalized the purchase.

When you decide to leave your house, many people will see it as being abandoned.  So, to make sure people don’t perceive you as being desperate to sell it, you should just stay put.  Again, many buyers are turned off by dirty houses. If you leave your house empty, it will get dirty and even suffer water damage because of lack of close attention. This is definitely not good for business.

Improve the appearance of your home

The appearance of your house is a major success determinant when selling your house.  It is the first impression that potential buyers would get about your property.  Therefore, you should make sure that your house is well designed both on the inside and the outside. Do not just leave long grass to grow. The lawn should look good. You should also make an effort to plant some fresh flowers in flower beds and flower pots if there are any.

Trimming the hedges and planting shade loving grass also helps in beautifying the compound. The house then becomes clean, fresh and freshly designed to attract many customers. Themed painting on the interiors also serves to attract many customers to your house.  Therefore selling your house is not just about posting advertisements on the internet or on newspapers.  There is more to that.

Contributor Profile:

An article contribution provided by Sell My House privately – a real estate agency based in Australia. You can visit their Face book Profile here



Tips To Avoid Common Home Buying Mistakes

Most first-time homebuyers would find the experience quite exciting, but it can come with its share of intimidation and challenges. If you are thinking of buying a home for the first time in your life, you should understand that there is a lot you ought to learn alongside a myriad of mistakes, most of which are rather inevitable.  However, with a bit of knowledge on how these transactions work, you can be rest assured it would be easy for you to side-step any pitfalls which you encounter in your way.  There are three main elements which you can never dare to make a mistake on: location, budget and the hidden costs.

home buying
home buying

Have a budget

You might want to buy a big house with many rooms in it, the best swimming pool, Jacuzzi, hot shower, gourmet kitchen and five bathrooms.  The question, however is, can you really afford it?  If you are approved to borrow the price of the home, this might not be the best choice for you. You should find a house which you can afford.

In many instances, having to borrow in full capacity is an arrangement that can backfire.  If you find that you are basically hitting the limits of your financial ability anytime you pay for the mortgage, what can happen if your spouse lost their job or kids lacked school fees?  This might lead to foreclosure meaning that all that will just be a lose-lose situation for you.  It is therefore important to ensure that you are buying within your limits.

Before you even start thinking about buying a home, you need think about your financial picture.  Make sure you know what you can afford in terms of monthly mortgage repayments; this helps to ensure that you don’t overstretch your finances.  Look for houses that are within your price range.

Visit the neighborhoods where these houses are

Before putting pen on the dotted lines, you have to make sure that the house you are buying suits your needs and preferences.  Try and visit that neighborhood from time to time and check the noise levels, traffic patterns, drainages, availability of general infrastructure and availability of recreational facilities. Are there any hospitals or schools in the neighborhood? This is a question you have to get answers in such cases.

When you are doing these searches prior to buying a home, you should also factor in your lifestyle.  Do you want to be driving or walking to access shops, public transport or parks?  You have to make sure that the neighborhood you will be relocating to is safe and conducive for living; basically, you should he comfortable living there.

Prepare for any additional/ hidden costs

Many people normally underestimate the amount of money they have to pay when making their first home purchase.  When buying a home, there are many extra costs which you will have to account for, just like when selling a home. Make sure you have some extra cash to pay for them. These include:

  • Home inspections
  • Property valuation
  • Property surveys
  • Pest inspection
  • Loan fees
  • Legal fees
  • Moving costs

This is just but a selection of some of the hidden costs which you might be called upon to pay for. You have to make sure that you have enough money to settle these and other bills if you want your purchase to go on smoothly.  In many cases, like in this one where you are buying a house for the first time, things are bound to go wrong. You will only get out of the fix if you have some cash outlay.

You need to talk with a qualified real estate agent if you need any guidance for when you are buying a home for the first time. Nevertheless, you should not just take any information you get at face value.  Try to investigate and research so that you are convinced you are up to the task.

Contributor Profile:

An article contribution provided by Sell My House privately – a real estate agency based in Australia. You can visit their Face book Profile here


Government Home Buying Programs

Buying a home is considered to be the American Dream. In difficult economic times, however, that dream doesn`t always become a reality. Luckily, there are several government programs in place to help struggling buyers purchase a home, paving the way to home-ownership for those that never believed it possible.

right mortgage
home buying

Federal Housing Administration (FHA)

FHA mortgages are offered by HUD, the U.S. Department of Housing and Urban Development. This means that they are offered by the government itself, providing borrowers with very low down payment offers. These mortgage rates are also lower than average, with an easier qualification process that doesn`t consider credit as much of a factor, as with most traditional loans. In addition, they`re not restricted to first-time home-buyers.

Another great thing about FHA loans is that refinancing is easy, but they do come with a couple of downsides. For one, processing and appraisal may take longer because the house must be sold at the price it`s worth. There is also a cap on how much a person or couple can borrow.

USDA Rural Development Housing & Community Facilities Program

Looking to purchase property in the country? The government has set up a program for low- to very-low income home-buyers in rural areas under the umbrella of the Rural Housing Service (RHS). This service also provides financing opportunities to the disabled, the elderly, or lower-income residents living in multi-unit housing as a way of helping them pay rent.

Not just anyone can qualify for this assistance, but if you`re a farmer or living on a very low income in a rural area, it`s worth checking into.

U.S. Department of Veterans Affairs Home Loan Guaranty Service

VA government loans are available for military service members. Whether you`re currently on active duty, a member of the reserves, a veteran, or a widow or widower, these government-guaranteed loans are designed for you.

Similar to FHA loans, VA mortgage guidelines are less strict than traditional loans so more people can qualify. Many of these loans don`t even require a down payment and they are generally large enough to purchase a moderately-priced house. Keep in mind, however, that there are limits on the size of these loans and the loans are serviced by private lenders backed up by the government guarantee.

The HUD HOME Program

The HOME program works on a local level and isn`t available to just anyone. HUD provides grants to states and communities that then decide how best to use the funds. Working with local nonprofits and affordable housing efforts, the lowest-income residents may he assisted on the path to home-ownership.

There is no one way to define eligibility for the HOME program since each community deals with it differently, but most families benefiting from rental assistance must not make more than 60% of the local median family income. Other local programs may exist in your area, so take the time to research opportunities at every level.

Closing on a home is one of the most exciting times in every adult life and these programs make it easier than ever to make that dream a reality. Money management and budgeting after closing are imperative if you wish to avoid losing that home, so consider visiting Money Tips to discover ways to stay on track with your finances.

Buying a Home After Foreclosure

A foreclosure isn’t that bad as you’ve been expecting. Of course you are going to be stressed out from spending tons of time dealing with it, as well as hitting your finances. Even though it might change your personal views on the future, it wouldn’t take that long to begin chancing your life. Moreover you have a great opportunity to start out looking for a new home and move in a very short time period.

property purchasing
property purchasing

After you overcome the foreclosure and everything, related to it, it’s time to purchase a new house and start over. Here are some important things to be done to make your life easier.

1. Taking a break.

Remember that it’s going to be a very bad idea if you will be purchasing home right after you did the foreclosure. Even though you might have good financial situation, it’s worth waiting at least 24 months before taking another mortgage. The thing is that your credit score is much lower after the process of foreclosure: it can get down on more than 200 points, which can work only if you apply to this fast borrowing service, but not for a home loan. Waiting 2 years is going to work out well, as your score will get stable again, so that you will have greater options on the mortgage plan with nice rates.

2. Correcting.

Credit reports often contain errors and wrong personal information, which can affect your credit or so. To prevent this happening, check out a credit report, if it has some errors. Ask your creditors to correct anything that is mistaken to prevent possible misconceptions.

3. What type of loan do you have?

Each type of the mortgages offers different polices and guidelines. To be aware of every detail of it, look through the documentation real quick to make sure you know specific rules and terms. For example, some mortgages won’t allow you to take a loan right after you dealt with foreclosure. Some of the other ones, though, can’t be taken unless it’s over 16 months since you’ve been finished the process of a foreclosure.

4. Requirement about down payments.

Some lenders make their customers pay at least 20 percent of the whole amount of money to be lent or even 30. Federal funded companied, though, would be able to allow you to pay through your insurance.

Moreover, there might be some new requirements you should fit in to be approved. Besides you need to have the same employment for more than 2-3 years, you must always get the same amount of paycheck or maybe higher. Because you’ve been stable for all those years, it means lender can trust your ability to pay down the mortgage.

Besides of the option of purchasing a house, here are other things to be done after a foreclosure process. One of them is rent-to-own homes, which is a special program, which is a good alternative as well. Once you pay rent for it, a small part of that money goes to your down payments for the house. After some time, when there a certain amount being saved, the person is able to buy a home, using them. It seems like not so great idea, however a bunch of lenders agree on those terms, because they would know their customers have a goal of staying in the house till the very end.

Tips To Buy Property in India

India is really developing as a country with many real estate hotspots. A big portion of the boom came from the recent investments in the property market of India.

india property
india property

The country is getting big investments from all over the world and even the domestic investment is reaching a new peak mostly because of the increased interest of the middle class people in realty investment. The boom is the real estate market is providing a good exposure for the domestic investors and is also a major attraction for foreign investment.

There are many big names involved in the real estate development scenario of India and many of these are having global shareholders as well.  The projects that are under development in the country are both kinds- commercial and the residential ones. For the bigger cities and the metropolitan areas, the concentration is on the rental properties too, besides the earlier mentioned categories.

The commercial projects are attracting the traditional buyers while the residential projects are getting high popularity in the current market scenario of India. The youth is seeking great options in the residential flats and even the rental properties as they are generally away from their home for work. The property market of India has seen some great growth rate in the past 5 years and according to the trade analytics, the peak is yet to come in this sector.

How to Invest in Property?

Investing your money in a property is considered a good option as the market is on a peak now, but it is never an easy task to make profit from it. It is a beneficial purchase only if it ensures you great profit and for that you need to know a few key things about the business. This problem is bigger for the people who are naïve in this industry and want to invest their money in properties. Unless you get familiar with the trade facts and the various aspects of it, it is very likely that you will end up purchasing a property that is not profitable enough.

You need to pay great attention on the market scenario and the latest trends to actually make a good investment. If you make a decision without knowing all the facts about property or the location then you are simply assuming that you are doing everything right and that is not going to help you with your investment. Making maximum profit is all about the right timing and without this you will end up settling for a less profitable deal. Keep an eye open for the best opportunities to make sure that you don’t miss on the opportunities you get to earn good profit.

Some expert tips are always helpful in making the right decision. Before you buy a property in India always take care of the following things:

  • Always make sure the property you are thinking about investing in, is approved by all means and the governing departments validated the property.
  • Check the various documentation that verifies the legal issues with the property and the documents clearing that it followed all the rules set by government.
  • Always check for the facilities that are provided with the property. Lack of facilities always turns down the prices immediately such as no parking facility, etc.
  • If there is a dealer in between the property owner and you then always check to see if he is registered properly or not. Decide his cut carefully as it affects the total price of property.

These are some of the tips, which will help in buying or investing in real estate.

Richa Madan being a corporate trainer and a professional writer has catered various professional sectors. She carries a sound knowledge of diverse fields and has the aesthetic sense of observing and relating to a lot of things. The descriptive style of writing makes it worth reading. She gives complete insight into the subject in the real sense.


Your Dream Mansion: Steps to a Luxury Home Purchase

If you’re finally feeling like you’ve made it and have started eying the realty section of the classifieds for your dream home, life is probably pretty exciting right now. Homes come in all sorts of shapes and sizes, with all kinds of price ranges. But you’ve made it, and you want the best. Shopping for high-end homes can be different from regular house shopping—and not just because they cost more.

First Step: Get a Real Estate Agent

Not just any agent, but one who specializes in luxury real estate. Imagine flopping down a huge wad of cash for a dream mansion, only to discover that you paid a half million too much. Or that underneath the shiny exterior there was a major water damage problem. Getting an agent will help you get your ducks in a row—their experience will help guide your decision and make sure you make the right decision.

Second Step: Recognize What You Can Afford

While the agent will help with this, remember that you’re not just purchasing a house. Even if you have millions of dollars in the bank, you’re likely going to use a loan. And interest rates on expensive mansions are high. Use a home loan calculator to see how realistic all the moving pieces are. A mortgage loan calculator showcases how interest rates and timeframes affect how much money you’ll end up having to pay a month.

Don’t forget that you are upgrading—that means more space to fill. Unless the home comes furnished, you’re going to find yourself needing to find furnishings for a much larger building than you’re currently using. This adds up quickly.

Step Three: Get it Inspected

You think you have it—the perfect house for your budget and needs. Before you agree to the purchase, make sure the house passes the appropriate inspections. As mentioned above, everything can look all sparkly and nice on the surface, but nightmares can lurk underneath. You don’t want to find yourself with a lemon.

Step Four: Get Your Loan Approved—and Pay it Back

If you’ve already played around with debt calculators, you’ll know that mortgages are a big commitment. Using a debt elimination calculator will help you see how the specific details impact your new loan will affect you month-to-month. You’ll be able to see with a debt repayment calculator when you can become debt free by plugging in different payment amounts.

At a point down the road if you find you’ve got multiple types of debt on the table, you can use a debt consolidation calculator to see if consolidating your debts is right for you.

Bio: Jacob Gehman is a freelance writer from Lancaster, PA. When he’s not writing about his passions, he’s busy finding the best local eateries and debating what movie or TV show to stream.

Buying a Rental Property: What to Avoid

Benslie Row

If you’ve saved some money and want to put it into a rental property, excellent! Real estate can be a very profitable investment, and renting out a property is a great way to get a consistent income stream separate from your career, which can lead to more savings, a more comfortable lifestyle, and even early retirement. Before you purchase a rental property, however, there are several things you need to avoid to ensure that you’re getting a good property that will make you money instead of suck you dry.

High Property Cost, Low Rents

Before you purchase a rental property, you need to carefully research the area and find out how much houses cost and how much they rent for. Not all locations are created equal, and purchasing in some areas will lose you money. To figure out profitability, look at how much the property will cost you per month if you get a traditional 30-year mortgage after 20 percent down, including taxes and insurance (if you’re purchasing the house without a mortgage or using a different formula, this information can still be useful just to look at your return on investment). Compare this amount to current rents.

You can’t just look at those two numbers to ensure that you’ll be making money, though. You also have to account for vacancies, property management (if you aren’t taking care of it yourself), and repairs. If your monthly mortgage cost is half of current rents, you’re safely prepared for all additional costs, according to conservative estimates. As the gap closes, you’re putting yourself more at risk.

Too Much Damage

A good way to make a property more profitable is to purchase one with some damage and fix it, raising the amount of rent you can get for it and improving its selling price when you eventually sell it. However, these bring up-front costs, which you’ll need to pay for out-of-pocket, and if you want to leverage your money, property damage can make it difficult or impossible to get a mortgage. Before you put on offer on a house with a large amount of damage, ensure that you can pay for the necessary fixes and all costs until you can get it rented and start reaping the rewards.

Bad Locations

In most every area, there are locations that are considered to be better than others, and these areas usually come with higher rental demand, which leads to higher rents and a larger pool of tenants. If you have multiple tenants to choose from, you can be pickier and get someone that has better credit and good rental history, meaning they will be much more likely to pay their rent on time and consistently. A bad tenant can cost you more money and time than you might imagine.

Dana Point, California (3436698285)

Dangers to Tenants

There are certain property problems that can cause tenant injuries, and you want to avoid these as much as possible to keep you out of court. Check that the concrete doesn’t have any large uneven cracks – ones caused by tree roots can get worse over time and should be avoided – any cellars or other dark areas have proper lighting, all stairways have handrails, etc.

It’s also a good idea to avoid properties with pools, even if they’re properly fenced, since they’re expensive to keep nice during tenant turnover and can be a huge liability risk. You can’t guarantee that you won’t get sued, but you can definitely minimize the chances by choosing a property that doesn’t have these types of dangers.

Rental properties can be incredibly profitable and great investments, but you need to know what to look for and choose the right property that will get you a great return on your money and will provide a solid income stream for as long as you have it.

Author Robin Wright is an avid real estate blogger.