Author: ron

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NEWSLETTER
8.00.11

Great Time to Invest in Real Estate Homes cost less, but rental prices are up and still rising
Savings and CD interest rates are the lowest in years, and the stock market is in an iffy position. It could even suffer a second dip.
So where can you invest your money and get a |decent return? Consider buying a home and renting it out. In the United States, the average rent is at its highest level in history and going up every year.
Writing in Kiplinger Personal Finance, one veteran developer and house rehaber says now is the time to strike. You could buy a $120,000 house in the city for $42,000. Add $10,000 for repairs and renovations and, depending on the property, you can rent it out for up to to $1,000 a month.
Some of the rehab costs could be saved if you can patch a few cracks in the walls and do some of the cleaning and yard work yourself.

A rental property offers a big opportunity for people with some time to spend on it, such as a retiree, a teacher who has the summer off, or a man or woman who works part time.
Of course, the rehab only takes place for a month or two. Many people with fulltime jobs are willing to spend weekends and some evenings on it in order to increase their monthly income after it’s rented.
One man with good credit was able to finance the purchase price of a home and improvements at 7.75 percent interest. On that particular house, with little money of his own invested, and after paying for the financing and expenses, he makes a profit of $430 a month.
Because he owns eight other financed properties with various levels of profit, he makes a very nice living.
While being a landlord is not as easy as signing on the dotted line, for many people it is a great opportunity to increase their net worth and their monthly income.

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Refrigerators Give Kitchen a Trim Look
Maybe there’s not a great deal of room in your kitchen and you could use an extra 8 or 9 inches of space between the fridge and the kitchen table. Or maybe your kitchen is large, but it bothers you to have the refrigerator reaching out from the counters and dominating the view.
When shoppers are choosing a new unit, they may not be aware that counter-depth refrigerators are available at appliance stores and department stores. Best Buy and Lowes, for example, have some in their stores. Online, they show a large selection, including French door styles, side-by-sides, and units with the freezer at the top or at the bottom.
They come in white and black as well as stainless steel. Depth, without the door handle, is from 23 1/2 to 29 1/2 inches. The height of various units is from 63 inches to 86 inches.
The GE Profile and others can be ordered with custom doors that will match your kitchen cabinets. They are available for 23 and 25 cubic foot sizes. The panels can be made acrylic, wood or almost any material you want. They slide easily into place.
Though customized counter-depth refrigerators cost less than built-ins, they cost somewhat more than a conventional fridge.

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