I previously wrote an entire post strongly encouraging you to buy a home if you can afford to. In my humble opinion, owning your primary residence is the cornerstone of building massive wealth in the United States of America. Now I want to explain how you build massive wealth after buying your first home to…
As a first time home buyer it is important to be aware of the very expensive additional costs that you will incur at closing. Many first time home buyers get a rude awakening when it comes time to close because closing requires much more cash available than simply the down payment. You must have extra…
Renting vs. buying a home is a common problem most first-time homebuyers face when deciding on their living situation. Many people find themselves asking the question “should I rent an apartment or buy a house?” On the one hand, renting is ideal for young professionals and is typically a more affordable option. But on the…
It’s no secret that owning a home is expensive. Heck, that’s why we created Kabinet. The benefits of homeownership far outweigh the minuses but we always want to give you the full picture so you can be an Above Average Homeowner. When I say “Owning a Home” of course I mean any type of home,…
As the Kabinet CPA I can tell you that paper records have gone by the way of the dinosaur and Kabinet is a major part of this more efficient new world. When I started out as a CPA the world was entirely paper so I know the drudgery first hand. Back then there was no…
Buying the right home goes far beyond the home itself. We were very lucky to buy a home we liked and stumbled upon a wonderful neighborhood as well. Looking at my own experience I have created a list of the five biggest benefits of my neighborhood and why I’ve liked it so much after all…
There is no place better than the United States of America when it comes to creative finance and a reverse mortgage is one of those creations. Unlike a refinance of an existing mortgage or home equity line of credit (HELOC), the reverse mortgage borrower does not make any loan repayments until their death. At this…
In the interest of fairness, I must let you know that I no longer live in a Homeowners Association (HOA) community. An HOA is an organization in a subdivision, planned community, or condominium building that makes and enforces rules for the properties and residents. Those who purchase property within an HOA’s jurisdiction automatically become members…
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