Average return on remodeling dollars upon resale of home in the Chicago area. Costs listed are average costs and are dependent on site conditions, amenities, upgrades and scope of work needed to complete project. Read the rest of this entry »
What is the difference between the assessed value vs market value of your home? Which of these values affects your property taxes? Your house market value will differ from your property tax value in most cases. Want to find out why? Keep reading and I’ll explain everything. Read the rest of this entry »
Everyone in life starts out with great intentions, aspirations to make a success of their life. A baby fails on average 10,000 times before successfully walking without falling. That’s how determined we were when we started life. Imagine if a baby tried to walk, fell over a few times and thought, “this is too hard. . . I am just going to take the easy option and crawl the rest of my life!” will the baby ever walked?
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A limited liability company is a business entity registered through the secretary of state. An LLC is not required to obtain an independent Employer Identification Number, using the owner-member’s Social Security number for tax and credit purposes. If an LLC seeks credit independent of its owner-members, it would also elect a corporate tax structure and obtain the EIN. Once the LLC is viewed by the Internal Revenue Services as an independent entity, the credit reporting agencies will also. Read the rest of this entry »
Steve Jobs’ impact on your life cannot be overestimated. His innovations have likely touched nearly every aspect — computers, movies, music and mobile. As a communications coach, I learned from Jobs that a presentation can, indeed, inspire. For entrepreneurs, Jobs’ greatest legacy is the set of principles that drove his success. Read the rest of this entry »
As businesses look for opportunities to grow their companies and gain market share, it is critical that they understand new and emerging demands from consumers. It is also important for consumers to understand the value of their purchasing power as well. Read the rest of this entry »
Half of refinance applications are abandoned or rejected, as are 30 percent of purchase mortgage applications, according to the Mortgage Bankers Association. All told, the Federal Financial Institutions Examination Council (FFIEC) says that well over 2 million mortgage applications were rejected last year.
Want to avoid falling into that number? It’s tough — especially in light of the fact that mortgage lenders have become increasingly restrictive in terms of their lending guidelines since the housing market crash.
Here, as a cautionary tale and primer on what to expect, are the top six reasons mortgage lenders reject applications.
Wise people are rewarded with wealth, but fools only get more foolishness.
-Proverbs 14:24 (New Century Version)
Statistics show that about five percent of the population controls over 90 percent of the wealth. Check, the numbers prove this. What happens sometimes is the others in the 95 percent who don’t have riches, judge those who do. Read the rest of this entry »
1. The broke don’t save. Instead, they mostly spend whatever extra money they have on things they can do without and then wonder why they never have any money when something important comes up. The wealthy, on the other hand, make it a habit of saving their money. 15-20% of your income in the general rule. Pay yourself 1st! Read the rest of this entry »
A common investment is to own rental real estate in your IRA or other types of property that generate income. Now is the time to buy real estate for cash flow and long term appreciation. Why? You can now buy a property at half the $/sqft price of a newly built home in many parts of the country. In addition, the rental rate in most parts of the country have increased which has resulted in a perfect storm for acquiring great income property. Read the rest of this entry »
