Why We Don’t Use Escrow
We bought our first house in 2014. However, we didn’t have enough for a 20 percent down payment, so we had to take out private mortgage insurance (PMI). Therefore, we also had to have an escrow account for our homeowner’s insurance and property taxes. We didn’t realize that our property tax would go up the following year, and we’d have to either pay a lump sum for the difference or increase...
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My Wealth Building Strategies-Personal Investment Update
My First Real Estate investment:
Four Family Apartment in St. Louis Missouri
I Fell prey in 2005 to the real estate craze with this purchase. Hindsight tells me that I made this purchase as we were cresting the height of the market, so it has been a struggle to turn it into an asset rather than a huge liability. This was in rather poor shape in 2005, it needed serious tuckpointing, had...
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