Share This Story! Let friends in your social network know what you are reading about Facebook Email Twitter Google+ LinkedIn Pinterest Slain rapper Lil Lonnie wanted to use first 'mega check' to buy a house for his family The interviewer says, "What are you doing, selling drugs or some sh-t?" "I don't do none of that," Taylor said. "I've got morals that I stand by." Sent! A link has been sent to your friend's email address. Posted! A link has been posted to your Facebook feed. Join the Conversation To find out more about Facebook commenting please read the Conversation Guidelines and FAQs Subscribe Today Log In Subscribed, but don't have a login? Activate your digital access. Therese Apel, Clarion Ledger Published 10:29 a.m. CT April 30, 2018 | Updated 1:59 p.m. CT April 30, 2018 CONNECT TWEET LINKEDIN COMMENT EMAIL MORE Well-known Jackson rapper Lonnie "Lil Lonnie" Taylor had big plans for the money he planned to make … [Read more...] about Slain rapper Lil Lonnie wanted to use first ‘mega check’ to buy a house for his family
Advice buying a house
Q: Our daughter just started college and we are seriously considering buying a house near the campus. Our plan: Assuming she stays in college for at least four years, when she finishes her first year, she can move into the house, and we can rent rooms to other college kids. We believe our daughter is capable of managing the property.Our problem: Her college is in a different state, and while we have experience buying property where we live, we want to make sure we are doing the right thing. Any suggestions? A: Without knowing all the facts, it sounds like a good plan; it will save you money on college expenses and hopefully make you some money at the same time.You should immediately retain a local attorney. If you don’t have any names, you can contact the local bar association in the county or state where the college is located, and they will provide you with some names.Once you have a lawyer on your side, she or he should assist you in getting a local real estate agent that will … [Read more...] about Is it smart for parents to buy a house for their college kid, then rent out the rooms?
For most people, owning a home is one of the centerpieces of financial independence. If you can buy a home and set a floor on your housing costs, it gives you a great deal of financial freedom, especially when you retire. But housing these days is getting expensive, particularly in cities like Denver. According to Zillow, the average cost of a home in Denver is about $400,000, which is around 8 percent more than last year. In early 2012, the average cost was roughly $215,000, which means prices have been appreciating at about 10 percent a year. For most people, their household income hasn’t risen 10 percent a year. Thus, housing just keeps getting more expensive. This is true in many cities that become hubs for technology and high-skill jobs, as Denver is becoming. Places like San Francisco, Seattle, Washington, Boston and New York simply have not gotten cheaper. Given what we know about rising housing costs in attractive cities, if you want to stay here, you … [Read more...] about It’s easier to qualify for a mortgage, but should you really stretch to buy a house now?
Let's just be clear: It can't be done. Millennials cannot save enough to buy a house by foregoing avocado toast. (Unless, of course, a particular millennial is ordering avocado toast every day, three meals a day, which even another millennial is likely to acknowledge is a bit excessive, not to mention tedious.) But let's say you're a fairly normal millennial with a reasonable penchant for superfoods, and you order two avocado toasts per week – eight per month – at a whopping $22 each. If you gave up every healthy smashed avocado sprinkled with creamy Feta, it would save you a mere $176 per month. At today's paltry interest rates, that's likely to net you just $11,000 in five years, which isn't enough for a car, much less a house. Of course, if you gave up smashed avocado permanently, you could, perhaps, have enough for a traditional down payment on a house in 20 to 50 years, depending on average home prices in your area and the rate of return you're able to earn on your … [Read more...] about Buying a house with avocado toast
WHEN the Government launched the Lifetime Isa last year, I opened one straight away in the hope of buying a home in the next few years. I'm 35 now and plan to keep paying in the maximum annual contribution of £4,000 to get the full £1,000-a-year Government top-up. Once I've used my savings and the Government bonus to buy my first home can I continue paying into my Lifetime Isa to build up a new bonus? I've read that the Lifetime Isa can also be used to save for later life, but if I've already used the Government bonus to buy a home can I still do this? Rachel Jones, Leeds Leah Milner replies: "Yes you can. It's brilliant that you are planning ahead and thinking about your long-term future as well as your short-term goal of getting on the property ladder. "Even though there is nothing on the Government website about this scenario, the Treasury has confirmed that you can continue saving into a Lifetime Isa after you've made use of the bonus to buy your first home. "But - you'll … [Read more...] about ‘Can I use a Lifetime Isa to buy a house AND save for later life?’
SINGLE Brits looking to get on the property ladder may want to head to Newcastle-under-Lyme, North Tyneside or Bradford in their search for an affordable place. Property wesbite Zoopla has crunched the numbers to reveal the most affordable places in England and Wales outside London for those looking to buy by themselves. It found Newcastle-under-Lyme in Staffordshire was the cheapest option, with buyers needing to sacrifice 10.84 per cent of their monthly wage typically in mortgage payments to own a home there. North Tyneside and Bradford came second and third on the list of the most affordable areas, with Kirklees, Blackpool and the East Riding of Yorkshire also in the top 10. In contrast, Cambridge was found to be the least affordable area for single buyers, with mortgage payments taking up more than a third - 36 per cent - of monthly wages. Southern areas including Brighton, Bath and Windsor also appear in the least affordable areas to buy. How to get help buying a houseTHERE are … [Read more...] about The most affordable places to buy a home
Want to know how to build a house cheap? Here's some advice on how to lower your expenses when building a home. Margaret Heidenry, provided by Published 1:30 pm, Monday, January 29, 2018 Photo: BrianAJackson/iStock Image 1of/1 CaptionClose Image 1 of 1 Photo: BrianAJackson/iStock How to Build a House Cheap: 7 Sneaky Ways to Save on Home Construction 1 / 1 Back to Gallery Want to know how to build a house cheap? That's understandable, given the median price of erecting a single-family home is $289,415. That's more than it costs to buy a house that's already built (currently $270,000). Yet if your heart is set on building your own home from the ground up, rest assured that there are ways to lower the expenses entailed. Here's some advice on how to build a house cheap. 1. Expand up rather than out … [Read more...] about How to Build a House Cheap: 7 Sneaky Ways to Save on Home Construction
Is there any way to fireproof a house? Building experts say people can do plenty to mitigate the risks. Here's a rundown of what to watch out for. Judy Dutton, provided by Published 5:00 pm, Thursday, December 14, 2017 Photo: Skipro101/iStock Image 1of/1 CaptionClose Image 1 of 1 Photo: Skipro101/iStock Exploding Trees? 5 Shockers That Can Make a House Catch Fire 1 / 1 Back to Gallery The California wildfires are raging on—by last count, wiping out more than 1,000 buildings across 260,000 acres. And even now, these blazes are threatening 25,000 more homes. So the burning question in our minds is: Is there any way to fireproof a house? That might sound like a tall order, but building experts say that people can do plenty to put a damper on the risks from … [Read more...] about Exploding Trees? 5 Shockers That Can Make a House Catch Fire
Want to know how to sell a house in 2018? It's a new year, and that brings a new breed of buyer to your front door. Here's how to reel in an offer. Rachel Hartman, provided by Published 1:30 pm, Monday, January 15, 2018 Photo: Chesky_W/iStock Image 1of/1 CaptionClose Image 1 of 1 Photo: Chesky_W/iStock How to Sell a House in 2018: 5 Tips to Get the Edge This Year 1 / 1 Back to Gallery If you want to know how to sell a house in 2018, face the facts: It's a new year, and that brings a new breed of home buyers to your front door. Knowing who these buyers are—as well as what they love and loathe in a home—is critical to fielding a great offer. Today's buyers have very particular tastes and turnoffs that could mean your home gets snapped up fast, or sits on the … [Read more...] about How to Sell a House in 2018: 5 Tips to Get the Edge This Year
Sticking to a budget can help you save for a down payment to get you and your family into that new home. (THINKSTOCK) Saving for a down payment on a new home means cutting expenses. (THINKSTOCK) If you’re renting but want to someday buy a home, you know that saving up a down payment is an important first step. Unfortunately, everyday life and its many expenses can make it hard to know how to save for a house — especially when you’re paying rent every month. The trick is to balance paying rent and saving money at the same time. Approximately 36 percent of U.S. households lived in rentals in 2015, according to The State of the Nation’s Housing 2016, a report by Harvard University’s Joint Center for Housing Studies. The same report showed that 21.3 million renters spent more than 30 percent of their income on housing in 2014. Here are 20 ways to save for a house: 1. Use a budget app These days, there are plenty of free or low-cost budgeting apps that … [Read more...] about How to save for a house while renting