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Category:

MONEY

  • MONEY

    Don’t Sell Your Rental Property If You Don’t Have To

    by MISSISSIPPI DIGITAL MAGAZINE July 10, 2024
    by MISSISSIPPI DIGITAL MAGAZINE July 10, 2024

    If you own a rental property and are thinking of selling, don’t do it unless you absolutely have to. To build great…

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  • MONEY

    Having Cash Could Make You Poorer In Many Ways – Be Careful

    by MISSISSIPPI DIGITAL MAGAZINE July 7, 2024
    by MISSISSIPPI DIGITAL MAGAZINE July 7, 2024

    During a recent liquidity crunch, I kept thinking how nice it would be to have more cash sitting in my bank account.…

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  • MONEY

    The Grind Back To Financial Independence: Early Stages Complete

    by MISSISSIPPI DIGITAL MAGAZINE July 5, 2024
    by MISSISSIPPI DIGITAL MAGAZINE July 5, 2024

    In the second half of 2023, I significantly impacted our passive income, causing our household to technically lose its financial independence. Prior…

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  • MONEY

    The Challenges Of Living And Working In Honolulu, Hawaii

    by MISSISSIPPI DIGITAL MAGAZINE July 2, 2024
    by MISSISSIPPI DIGITAL MAGAZINE July 2, 2024

    After taking my family on a nine-day vacation to Honolulu, Hawaii, my plan to relocate there is back in the cards! Since…

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  • MONEY

    The Most Important Personal Finance Ratios To Build Wealth

    by MISSISSIPPI DIGITAL MAGAZINE June 30, 2024
    by MISSISSIPPI DIGITAL MAGAZINE June 30, 2024

    As an investor, understanding financial ratios is important to help assess the current state of a company. For example, we have P/E…

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  • MONEY

    Buy The Dream Home Now Or Wait For A Better Price

    by MISSISSIPPI DIGITAL MAGAZINE June 27, 2024
    by MISSISSIPPI DIGITAL MAGAZINE June 27, 2024

    A large part of building wealth involves delaying gratification. Therefore, you might find yourself wondering whether to buy your dream home now…

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  • MONEY

    Letting An ARM Reset Is Similar To A Free Mortgage Recast

    by MISSISSIPPI DIGITAL MAGAZINE June 25, 2024
    by MISSISSIPPI DIGITAL MAGAZINE June 25, 2024

    If you bought a home during a high-interest rate environment, it’s wise to prepare for either a mortgage refinance or a recast.…

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  • MONEY

    The Perfect House To Raise A Family In A Big City

    by MISSISSIPPI DIGITAL MAGAZINE June 22, 2024
    by MISSISSIPPI DIGITAL MAGAZINE June 22, 2024

    Since 1999, I’ve been climbing up the property ladder to find the perfect house in a big city. What I’ve realized is…

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  • MONEY

    Don’t Beat Up Your Opponents Too Badly While Smiling

    by MISSISSIPPI DIGITAL MAGAZINE June 20, 2024
    by MISSISSIPPI DIGITAL MAGAZINE June 20, 2024

    If you want career, financial, and social success, don’t beat up your opponents too badly while smiling. This advice might sound odd…

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  • MONEY

    No Rush To Pay Off Your Adjustable-Rate Mortgage Before Reset

    by MISSISSIPPI DIGITAL MAGAZINE June 17, 2024
    by MISSISSIPPI DIGITAL MAGAZINE June 17, 2024

    During my days of purchasing homes with mortgages, I had a fondness for adjustable-rate mortgages (ARMs). The appeal lay in securing a…

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The state's cities, including Detroit, Grand Rapids, and Lansing, offer a wealth of residential and commercial properties, promising substantial returns on investment. Michigan's economic diversification, lower property costs compared to many others. DSCR loans require a comprehensive financial analysis of the property. This includes evaluating rental income, operating expenses, and the property's overall financial performance. Investors can make well-informed decisions based on this data.

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