Sell the Rental and Invest the Proceeds?

With the real estate market on fire, should we sell our rental and invest the proceeds, or just stick with the rental income?

Have a money question? Email us, ask jill [at] jill on money dot com.

Please leave us a rating or review in Apple Podcasts.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Are We Crazy to Jump Into the Housing Market?

Yes, the housing market is beyond stupid right now, but that doesn't mean you shouldn't get in on the action. That said, you want to make sure you're doing it from a position of strength, not weakness.

Have a money question? Email us, ask jill [at] jill on money dot com.

Homebuyer With Heartache

I'll tell you what, I'm quite content being on the sidelines given the current state of the totally wacky and crazy housing market. Unfortunately, many of our listeners aren't so lucky.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Should We Buy or Keep Renting?

In this absolutely insane housing market, does it make sense to buy or keep renting? It depends.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Jill on Money Radio Show: Strategies in Retirement

One week away from Memorial Day weekend. Hard to believe, right?

Speaking of time passing by, getting to retirement can often seem like it’ll take forever. But once you’re there, many questions can often pop up, such as whether or not it makes sense to start doing Roth conversions or which retirement accounts to tap first. That’s the gist of our call in hour one.

In hour two it’s time for a deep dive on the spring housing market.

Joining us this weekend is Maria Fregosi, the Chief Investment Officer at Homepoint Financial.

Where is the housing market going next? Despite the fact that we are coming to the end of the pandemic with accelerated vaccinations, many companies have announced that employees working from home may continue to do so permanently. 

That may allow some to seek out more affordable areas like Austin, Charlotte, Miami, and Nashville. 

Some smaller cities have launched cash initiatives, home buying allowances, tax credits and money toward local goods and services to induce pandemic movers to relocate there. 

If you are in the market to buy, you will need to run the basic numbers, including mortgage principal and interest, homeowners' insurance, and taxes. Add a line item for upkeep and maintenance, depending on the age of the house and its condition, factor in 1-3 percent of the purchase price annually. 

And for the transaction itself, don’t forget about closing costs, which averaged more than $6,000 last year. It’s easy to gloss over things like mortgage loan application and appraisal fees, the title search and insurance, as well as legal and recording fees, because they seem to be built into the legal process, but you should ask for discounts along the way to see if you can push them down.

Finally, even if the numbers appear to work, consider whether buying could preclude you from addressing other important financial issues in your life, like paying down student loans or saving for retirement. Just because a lender will fork over the dough, doesn't mean you should take it.

Have a money question? Email me here.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Spring Housing Market Part Two

I think it's officially time for a deep dive on the spring housing market.

Joining us this weekend is Maria Fregosi, the Chief Investment Officer at Homepoint Financial.

Where is the housing market going next? Despite the fact that we are coming to the end of the pandemic with accelerated vaccinations, many companies have announced that employees working from home may continue to do so permanently. 

That may allow some to seek out more affordable areas like Austin, Charlotte, Miami, and Nashville. 

Some smaller cities have launched cash initiatives, home buying allowances, tax credits and money toward local goods and services to induce pandemic movers to relocate there. 

If you are in the market to buy, you will need to run the basic numbers, including mortgage principal and interest, homeowners' insurance, and taxes. Add a line item for upkeep and maintenance, depending on the age of the house and its condition, factor in 1-3 percent of the purchase price annually. 

And for the transaction itself, don’t forget about closing costs, which averaged more than $6,000 last year. It’s easy to gloss over things like mortgage loan application and appraisal fees, the title search and insurance, as well as legal and recording fees, because they seem to be built into the legal process, but you should ask for discounts along the way to see if you can push them down.

Finally, even if the numbers appear to work, consider whether buying could preclude you from addressing other important financial issues in your life, like paying down student loans or saving for retirement. Just because a lender will fork over the dough, doesn't mean you should take it.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Spring Housing Market Part One

I think it's officially time for a deep dive on the spring housing market.

Joining us this weekend is Maria Fregosi, the Chief Investment Officer at Homepoint Financial.

Where is the housing market going next? Despite the fact that we are coming to the end of the pandemic with accelerated vaccinations, many companies have announced that employees working from home may continue to do so permanently. 

That may allow some to seek out more affordable areas like Austin, Charlotte, Miami, and Nashville. 

Some smaller cities have launched cash initiatives, home buying allowances, tax credits and money toward local goods and services to induce pandemic movers to relocate there. 

If you are in the market to buy, you will need to run the basic numbers, including mortgage principal and interest, homeowners' insurance, and taxes. Add a line item for upkeep and maintenance, depending on the age of the house and its condition, factor in 1-3 percent of the purchase price annually. 

And for the transaction itself, don’t forget about closing costs, which averaged more than $6,000 last year. It’s easy to gloss over things like mortgage loan application and appraisal fees, the title search and insurance, as well as legal and recording fees, because they seem to be built into the legal process, but you should ask for discounts along the way to see if you can push them down.

Finally, even if the numbers appear to work, consider whether buying could preclude you from addressing other important financial issues in your life, like paying down student loans or saving for retirement. Just because a lender will fork over the dough, doesn't mean you should take it.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Desperate for a House

The housing market is bonkers, so much so that it has people considering all kinds of desperate maneuvers to get in on the action. Please hear what your Aunt Jill has to say before making any silly decisions.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.