Tyson Mollotte - Realtor/Broker Coldwell Banker Tomlinson RandH

Why I think buying a Duplex, Triplex, or Four Plex as your first home is a great move. At one point in our lives we have felt the social pressure of, “keeping up with the Jones”. It’s a rat race to see who can have the best car or truck, the biggest house, or the best “toy”. I know I have felt this pressure and even fallen into its trap at times.   When I began to learn about real estate, my perspective changed. I was starting to learn how to use real estate to build my wealth, but in a steady, long-term way. There is no one way to go about it, and everyone has different goals in life. However, one of the biggest expenses early in the journey of life as an adult is your house. Many times, we buy one that’s too big or costs too much. Its tough not to because we want all we can get “right now”. Sure it feels great to move in, but every month when the mortgage bill comes, it’s hard to believe how quick another month has gone by. There is another way! ...

As of yesterday (June 3rd 2019), many traders on Wall Street predict that the FED will reduce the interest rate in the July meeting. According to the Article, there is a 68% chance the reduction will happen. If it does, it will make buying you next home… that much easier as a lower interest rate will reduce your monthly payment. What is the FED and why do they control interest rates? FED stands for Federal Reserve. It is the US Central Bank. It is privately run, but by appointed officials from the President of the United States. The seven governors of the FED serve 14-year terms which makes the influence from an elected president watered down. The FED is responsible for maintaining the monetary policy in the Economy. If they see that inflation is getting too high, then they will vote to raise interest rates which helps keep inflation from getting out of control. On the flip side, if the Economy appears to be stalling, they may reduce the interest rates which all...

Have you ever met someone and then later that day looked them up and “Facebook stalked” them? You know, where you go and look at their embarrassing posts and photos from five years ago that they forgot to take down?  Yeah, well a home inspection is similar in that the buyer gets to see all the behind the scenes wear and tear that has gone on in your home during the past 5, 10, or 20 years.   Often times when you’ve been in your house for a number of years, you tend to forget about small maintenance items that I can assure you, the inspector will find. What exactly is covered in and inspection? First and foremost, banks want an inspection done to ensure that their investment is a good one and that the house won’t fall apart anytime soon. An inspector will go through each of the systems in your house. They will look at the exterior, siding, windows, and roof. They will look for the condition of each of those things and make note of any abnormalities (mi...