By Lara Spencer
Sturdy Morning the US correspondent Lara Spencer is a self-confessed frugalista with a fondness for procuring at backyard revenues, thrift outlets, and property revenues, and for adorning her domestic and friends' houses together with her really good unearths. In I Brake for backyard revenues, Lara stocks her secrets and techniques for cut price searching and tells you the place to buy, what to appear for, the best way to pay for it, easy methods to restoration it, and eventually, the place to place it at your residence. searching for the latest arrivals at your neighborhood thrift outlets? After busy Saturdays and no-pick-up Sundays, Tuesdays and Wednesdays are mostly the simplest days to buy clean goods. Peppered with knowledge from world-renowned appraisers whom Lara is aware from her past paintings on Antiques Roadshow in addition to contributions from recognized designers, this e-book additionally beneficial properties the home of comedienne and pal Kathy Griffin, which Spencer herself refurbished and embellished.
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Additional info for I Brake for Yard Sales
Every investment has attributes; these attributes define income opportunity as well as risk. Before deciding whether to invest in real estate, you should examine the positive and negative attributes in order to evaluate opportunity and risk—just as you would do with any form of investing. ■ Location, Logistics, and Limitations According to an old adage, the three most important attributes of real estate are location, location, and location. Actually, it might better be restated as location, logistics, and limitations.
In theory, you could change your mind the day after the loan was approved and convert the new property to a rental. But this could be interpreted as making a false claim on your loan application. It is safer and wiser to move into the new home and convert your current primary residence to a rental as a bona fide change of status, even if only for a few months. The decision to treat a specific property as a rental or as your primary residence should be based on practical considerations. If you ask your family to move to a property that is poorly located, too small for your needs, or too uncomfortable, then you are risking personal dissatisfaction and conflict at home.
Of course, the American Dream is home ownership, so the majority of today’s tenants would like to buy a home one day. 04LL-Ch02-03 7/21/04 3:01 PM Page 37 G ETTING S TARTED IN R ENTAL R EAL E STATE 37 Single-Family Homes This desire for home ownership helps to strengthen the market value of single-family rental investments. The home you rent out today will be someone else’s primary residence at some point in the future. The single-family home is also desirable because tenants who can afford the rent can have a yard and garden; it is a better environment for children than apartment living; and if the landlord allows it, they can have a pet.