Should I Buy a Home and Land Package?

Should I Buy a Home and Land Package?

Real Estate
Have you ever thought about purchasing a home and land package? The packages can be a great investment because you are acquiring both the land and the construction of the home in one purchase with a fixed amount. It is two separate contracts with a combine price, however, there are two types of packages. Build homes and sell them as a complete house and land deal Offer a choice of land and the buyer can choose the features you would like in your new home If you want to build your dream home and design it yourself, it can turn into one of the best assets in your life. The initial purchase includes buying a ‘lot’ of land and then selecting a builder and home design, however, once you become…
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What Real Estate Should I Invest In?

What Real Estate Should I Invest In?

Investment, Real Estate
A property is land, or any building attached to it and it is one of the most important financial investment a person owns. Buying a house for things such as rent and property appreciation can help build your wealth, however, it can be a long-term process. Some of the benefits of investing in property include having a physical asset, it can increase your income and you can receive tax deductions. There are four different types of property a person can invest in such as residential, commercial, industrial and land. Residential Residential property is building or reselling houses with the intention to create a home. Its primarily used for people who want to buy homes for their families, however, it can be a great investment strategy. A person can make money…
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Are Investment Apps Making Investing Easier?

Are Investment Apps Making Investing Easier?

Finance, Investment
Are you new to the investing world and are unsure where to start? It’s a confusing time trying to understand the stock market or what the different is between a mutual fund and a managed fund is. (Believe me, that took a lot of time). With the introduction of apps such as Raiz and Spaceship, investing has become easier to understand and more accessible. These apps can help kick start your career and diversify your portfolio with one click of a button. Even if you have been investing for years and are an expert, these apps can also help you make money. Here are 4 investing applications to help you build your wealth for the future. Raiz Raiz is a micro investing app that allows you to invest small change…
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What Is My Credit Report?

What Is My Credit Report?

Credit File Repair
Our credit file determines our financial future. It is full of the personal and financial information that credit providers use to assess our level of risk. This Information Includes: Our credit history consists of our financial records that includes our previous loans, related businesses, credit cards or varies other payment plans.   If you have made a prior attempt to gain finance, it would be recorded and placed on your credit file to be reviewed by any credit lender. Your credit rating is derived on a scale that determines your level of risk. The higher your credit score, the lower the risk to the lender.                                   Conduct of repayment is the record of how consistent you have been with payments you have been making towards any previous finances. In your credit file,…
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Beginners Guide: Where Should I Invest?

Beginners Guide: Where Should I Invest?

Finance, Investment, Real Estate
"Higher the risk, higher the reward" This is the main thing everyone knows about investment. However, when it comes to investment, it is important to reiterate "Don’t invest more than you are willing to lose" Here is a guide into some of the places where you can invest and what the advantages and disadvantages could be. Savings Account Savings account is a guaranteed way of getting a return on your investment, however, it doesn’t yield a high return. Advantages Having a savings account is low risk, whatever money you put into your account will generate interest overtime.Savings account is one of the most secure ways you can invest in due to the stability of banks and there is little possibility that you would lose the savings account. Disadvantages A savings…
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Do You Know The Basics of Investing?

Do You Know The Basics of Investing?

Investment
This week is World Investment Week! To most people this doesn’t mean anything however, investing is a great way to make money! Let ECON Business Solutions turn you into the next successful investor! What is Investing?   We’ve all heard of the term investment, but what does investing actually mean? Investing is when you put money towards an outside avenue such as stocks, a savings account or property for the intention of gaining a financial return. It can potentially be a gamble because of the unforeseeable factors of the future. It does not guarantee the amount of return you will generate due to the risks it may involve; however, some high-risk investments can yield high profit returns. Why do we Invest? The aim of investing is to gain a financial…
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