Money Left Over Excess proceeds is the term used when a creditor is paid off such as the tax collector or a mortgage company, and there is still money left over. In some states, these remaining funds are paid to the previous owner of the property. Investing in excess proceeds involves buying the property just…
The Landlord Business One of the reasons that people invest directly in a rental property versus buying a REIT on the stock market is that they can use leverage. A typical investment property mortgage will require just 20%-25% down. But buying a $250,000 rental house with $50,000 down, even in a good neighborhood with good…
Lottery Winnings are Paid Like Annuities Whenever you see a Powerball or state lottery jackpot advertised, they always mention some large number that is significantly larger than the amount you would get if you won and took one big lump sum payment. Lottery winners win an annuity of government payments that might be spread out…