Warren Buffett has a net worth of roughly $87 billion, but you wouldn't know it from the house he lives in. Buffett originally bought his Omaha, Nebraska home in 1958 for $31,500, which is roughly $250k in today's dollars. It's 6,570 square feet, had 5 bedrooms, and 2.5 bathrooms. Despite his $87 billion net worth, Buffett's home is worth only $653k today. His house is a … [Read more...] about Warren Buffett Lives In a Modest House – Here’s What it Looks Like
Real Estate
What is a 1031 Exchange?
Many real estate investors are wondering what a 1031 exchange is. If you want to upgrade your real estate, 1031 exchanges are a great way to do this while keeping your taxes low. There are some requirements and deadlines to keep in mind. We'll walk through the requirements, timelines, and share some examples. What is a 1031 Exchange? A 1031 exchange allows an investor … [Read more...] about What is a 1031 Exchange?
The Consequences of Treating Your House as an Investment
It's easy to think of your house as an investment. As the value of your home goes up, you'll naturally feel wealthier. Homeownership gets drilled into our heads throughout our lives, and rightfully so. It is one of the main drivers to your net worth. While homeownership is a great aspiration, you can fall into the trap of treating your home as an investment. Doing so could … [Read more...] about The Consequences of Treating Your House as an Investment
What is House Poor & How You Can Avoid It
Owning a home is a major contributor to building your net worth. In fact, the median homeowner's net worth is 46x the median renter's net worth. While owning a home is crucial, you need to make sure you don't pay too much and end up house poor. What is House Poor? A person is house poor when they spend a large portion of their income on home ownership. This includes … [Read more...] about What is House Poor & How You Can Avoid It
What Is a Triple Net Lease?
A triple net lease is a common vehicle in commercial real estate, used by landlords who want a steady and predictable income stream. Learn about the benefits and drawbacks, and decide whether this should be added to your hierarchy of savings. A triple net lease (also known as an "nnn" lease) is a lease agreement where the tenant or lessee agrees to pay for the ongoing … [Read more...] about What Is a Triple Net Lease?