Days of summer – are you ready to celebrate?

Summer begins in 2023 on June 21 with the summer solstice, the day when the Earth’s
axis tilts our northern hemisphere most prominently toward the sun. On this day, the sun
will reach its highest point in the sky, and afterward the daylight hours will grow shorter.

The solstice has been a time of celebration and ritual in cultures around the world
throughout history. At Stonehenge, a visitor standing in the center of the stone circle can
see the sun rising directly over the Heel Stone, located just outside the ring of stones.
The Egyptian Great Pyramids were built in such a way that an observer standing near
the Sphinx can watch the sun set directly between two of the Pyramids.

Celts and Slavs celebrated the event with bonfires and dancing to help the sun increase
its strength. The Native American Hopi tribe had males dress as dancing spirits of rain
and fertility known as Kachinas— messengers between humanity and the gods who left
the villages at midsummer to live in the mountains, where they were said to visit the
dead.

The ancient Druids’ belief that the solstice represented the wedding of heaven and Earth
is responsible for the tradition of brides planning a lucky June wedding.

─── ･ ｡ﾟ☆: *.☽ .* :☆ﾟ. ────── ･ ｡ﾟ☆: *.☽ .* :☆ﾟ. ─── ･ ｡ﾟ☆: *.☽ .* :☆ﾟ. ────── ･ ｡ﾟ☆: *.☽ .* :☆ﾟ.

Get Your Mortgage Down, and Your Profit Up!

Real estate has a few things going for it that other types of investments don’t. You’ll recall that we’ve already talked about some of them, like the neat way that banks will help you out in investing in real estate by financing you via a mortgage. 

But mortgages aren’t all fun and games. Not only do you have to pay off the principal part of the mortgage (the actual amount borrowed), you also have to pay interest. Doesn’t sound great? Well, a great thing about real estate is that there’s a way around it. As the previous post mentioned, your tenants will be the ones paying the mortgage, not you. But there’s more to it than that. 

Most of the payments you make to your bank for the mortgage will be, at least in the beginning, going towards interest, rather than the principal. You want to get that whole mortgage, both principal and interest, paid off ASAP in order to reduce the expenses associated with the building and increase the profit margin of your cash flow. 

So, here’s what you gotta do. In addition to the regular payments you have to make towards the mortgage, it’s a good idea to make some extra payments to the bank, at least in the beginning, in order to knock out that interest as quickly as you can. That way, you can start chipping away at the principal portion of the mortgage, and start seeing your profits soar. 

And you’re not doing this alone. As previously stated, it’s your tenants’ money, not yours, that covers this bill. You just need to make sure you’re putting the cash where it needs to go.

Paying down your mortgage is a secret towards maximizing your real estate profits. It doesn’t seem as obvious at first as other profit centers like cash flow, but mark our words, if you play your cards right, you’ll be seeing some big savings on your property. And that, friend, is money in your pocket.

KENDAL

A LAUGH OR TWO FOR GOOD MEASURE

HELPFUL LIFE HACK #2

WHY INVEST IN REAL ESTATE?

Diversification

Adding real estate to your investments boosts your diversification, which can protect you in times of economic turmoil. Say certain stocks are suffering because of an economic downturn. The investment properties in your portfolio might still be increasing in value, protecting you from the losses your other investments are taking.