What’s the Easiest Way to Invest in Real Estate?

A friend of mine recently asked me about investing in a REIT, which is a Real Estate Investment Trust. There's been a lot of them poppin' up over the last 15 to 20 years - especially online. This particular one that she was looking at had $1,000 minimum. My friend asked, "I don't have the $1,000 now, but if I did is this a good idea?" The online REIT that she's looking at is so super-hipster right now too (because my friend who asked is also a hipster). The site talks about crowd-sourcing and how you can become a real estate mogul just like everyone else! It's real sexy, amazing, gnarly, yadda yadda yadda. A lot of REITs invest in … [Read more...]

Interest Rates Rise for the First Time Since 2006

Told ya... As expected, the Federal Reserve announced that short-term interest rates would rise by 25 basis points (0.25%), the first time the interest rate has increased since 2006. For seven years,  the Fed held short-term rates near zero to apply the paddles to the cardiac crisis that hit the US economy back in 2006, and nurse it back to health. Although the US economy isn't exactly ready for an iconic post-recovery marathon, it is at least at the 10K stage where economic experts agree that a little return to normalcy will do us all some good. Now, the interest rate we are talking about is NOT the mortgage interest rate. The Feds … [Read more...]