Gulf Life Now: Recent Episodes
William
A variety of topics surrounding real estate and life on the Mississippi Gulf Coast. Tips about personal finance, investing in residential rental real estate, and vacation rental property on the Mississippi Gulf Coast. This podcast is featured on the Logan-Anderson, Gulf Coastal Realtors websites.
There is always someone who wants to skirt the law. People contact property owners who have listed their property with real estate agents under contract. They don't care that the real estate agent and the property owner have an agreement. They know it exists that is how they found the property by scraping the internet listings.
They also know that interfering with a contract is a violation of law with heavy penalties. The risk of getting caught must be low enough because they continue to make these approaches. Usually through text messages and the internet, rarely in person. Learn about this tactic and what to do if you are a victim.
Visit our website and check out our blog articles and homes for sale: Https://GulfCoastalRealtors.com
No one knows where mortgage interest rates are headed. There are some indicators that we discuss in this podcast. Interest rates are not the only factor in your decision to refinance or buy a new home. You need to balance the various factors to make a decision.
We hope this podcast can help you move along in your decision-making process with some knowledge.
Please visit our website https://loganandersonllc.com read some of our blog articles on real estate, finance and mortgages.
Everything is changing in the Real Estate industry. After August 17, 2024, if you want representation in buying a house, you will have to agree to pay your agent for their efforts if the agent is not being compensated by the seller.
For decades sellers have been paying both sides of the commission. The Justice Department believes that sellers have been coerced to pay the buyer's agents against their will. Real estate agents disagree with this assumption but the government is not in charge so they are telling real estate agents what they can and can not say to their clients.
Learn more in this podcast. This is a developing story so check in for additional podcasts on this and similar topics. Check our website at https://gulfcoastalrealtors.com
Apparently, some bureaucrats in DC have not learned their lesson from the massive real estate market failures of 2008-2010. Freddy Mac a government buyer of mortgage paper is starting a new pilot program to buy second mortgages. They want to help people "unlock" that equity in their homes.
When I say the government, I mean you and I will be responsible for those loans if they default. Also pumping more money into the economy will likely push up inflation further causing interest rates to climb.
Listen as we discuss this plan and the potential consequences.
On average homeowners insurance rates have gone up 20% from 2021-2023 with a further 6% increase forecasted for 2024. You know the drill, inflation, government spending, etc. have caused insurance companies to raise their rates.
What can you do about it? This podcast attempts to explain the current situation with homeowners insurance and provide recommendations for ways to help control the cost of insurance for your property. There are a few things you can do to not only retain your insurance coverage but keep it from increasing at the national rate.
Understanding the insurance business and how they price policies will help you better plan for future increases.
Visit our website at Gulfcoastalrealtors.com
Real estate commissions are often misunderstood. We discuss the concept, of who gets what and when plus who actually pays. This is the first part of a longer discussion on how real estate is sold in the United States. Our process has been in place for generations and there are those who want to change it.
Please listen and understand if you are in the market to buy or sell real estate, you need to listen to this and the next part on this topic.
Logan Anderson LLc. is a Real Estate Brokerage located on the Mississippi Gulf Coast. Please visit our website and read some of our blog articles on this and other topics.
When you bought your house, it is very likely that the rating of the school district had an effect on the price you paid for your house. Many people with school-age children shop for a new home based on school ratings. But how does that affect retired people and others without school-aged children?
That is the point of this podcast, we explore what is in effect school quality and how it impacts the prices of homes in the area. Along with other factors on your list such as a number of bedrooms, perhaps looking at school ratings could be a factor to consider.
Please visit our website to read some of our blog articles. LoganAndersonLLC.com
New houses come with warranties. Older homes should be evaluated not just on their selling price but on the quality of the entire property. Look at the useful life of the air conditioner, heater, water heater and more. What about that plumbing? The wiring can be old and in need of repair. How about that fence?
Is the foundation in good condition even with tree roots growing up to the house? We discuss some key things to compare from house A to house B. Sometimes there is a reason why a house is priced lower than others.
LoganAndersonll.com check out our website for blog articles and to view properties on the Mississippi Gulf Coast.
Many people love the idea of owning an escape from the day to day in the form of a second home. Listen as we discuss the concept of a second home, how and where to buy it and the process involved with financing and owning.
You may want your adult children to be part owners by creating a family project. This will help share the costs and provide some ownership opportunity for your adult children who may not actually own their residence.
Logan-Anderson Gulf Coastal Realtors offers information and suggestions on a variety of topics usually related to real estate. If you are interested in living by the beach, please visit our website at LoganAndersonllc.com and take a look at properties available. Call us or use a contact form on our site.
Before you decide to buy that RV or boat, you should listen to our suggestions and recommendations on the topic. There is nothing better than to listen to the voice of experience before you spend tens of thousands of dollars on an RV.
After listening, you will decide that you will not move forward with buying or you will buy but now you are armed with good information about how to get the best deal.
The point of this podcast is to inform. The more you know the better your decision.
Please visit our website and read our blog. LoganAndersonllc.com
Considering starting a small business? You need to listen to this podcast. We cover the essentials of the financial side of starting your small business in some detail. You will probably not hear this topic presented elsewhere in the same way. Mr. Anderson has years of personal experience to pass along.
The key takeaway from this article is to separate your personal finances from your business finances when starting a small business. Failure to follow this simple suggestion may lead to frustration, business failure, and potential liability.
Visit our website https://loganandersonllc.com
Lots of people have a second home which was partly purchased for tax deductions. Changes in the tax code starting in 2018 have eliminated much of the property tax and interest deductions available to second-home buyers.
The very large standard deduction is great but why not take advantage of tax law to save more of your income? Create a business to rent your second home. Flip that property into the business and you can file a business tax return reinstating the lost opportunities the tax code changed.
Learn how this is done by listening to this podcast. Why not make a few dollars on your vacation home and save even more?
Check out our website: LoganAndersonllc.com
Is it ok to follow the herd to Florida for retirement? Did you come up with the idea of going to Florida because your friends are moving there? Did you see it on TV? Have you considered any place that is not at the end of a long trail from Blue states?
Listen to this podcast as we discuss that there is much more to consider before selling your house in California and moving to Florida. Look out into the future after millions more have relocated. How will the traffic be? What about the cost of living?
Visit our website at LoganAndersonllc.com
Stop using your checking account for your small business. Use an accounting system to track all income and expenses plus allow people to pay you by credit card. And do it for free.
We recommend a free online accounting system called Waveapps.com to track your business. Even if you have a part-time or side gig, do it right, put everything into an accounting system.
If you have a rental property or multiple rental properties this is an excellent system to help you track activities with your investments.
You need not have any prior experience to use Waveapps.com If you make a mistake, delete it. At the end of the year, a simple report provides everything you need to know to complete IRS tax forms for business activities.
Regardless of what product you use to track expenses and income, this podcast will help you understand the things you need to do to take full advantage of the tax code regarding deductions.
Please visit our website at LoganAndersonllc.com
You have a magic wand. Every time your checking account or credit card is tapped out, you wave the wand and there is more money to spend. So how do you get one of those? Unfortunately, you can not. Only governments, Federal, City, and Local have those wands.
You and I must balance our spending with our income or be in trouble. Our government does not see it that way. If they want to buy something, they just do it. You and I get the bill. If we could do that, the world would be a utopia.
Listen while this discussion goes into thy we have high inflation and your groceries are more expensive. Understand that these problems are caused by spending more than you earn and it's getting worse at all levels of government.
Check out our website at LoganAndersonllc.com for more articles on this and other topics.
Most people do not understand what impacts mortgage interest rates. The typical response is the FED rate affects mortgage rates. While there is some truth to this, it's the 10-year treasury bond that most lenders use to determine long-term mortgage interest rates.
The reason for this discussion is in part to inform you about how long-term mortgage interest rates are set but also to discuss how this system affects future interest rates.
Some people are waiting to buy a house until mortgage interest rates fall. Hopefully, this podcast will enlighten you about this.
Please visit LoganAndersonLLC.com our website to read more about this and other topics on our blog. Check out great properties that you may be able to afford.
Smart door locks are great until you can't get into your house because of dead batteries. Listen to our podcast as we go into some solutions that can help you select the best batteries, and lock, and understand what you can do to extend battery life. This podcast was made from actual real-world experience by the author Bill Anderson who manages vacation rental properties using smart locks.
Visit https://retirecoast.com/the-best-guide-for-electronic-smart-lock-battery-life/ for a full article on this topic. Stop by https:loganandersonllc.com and read our blog articles. Shop for your new home on the Mississippi Gulf Coast.
It is a nice feeling to pay off your house. Not everyone should pay off their house even if they can afford it. Consider the interest rate you are paying. If it's 2-5% or even 6%, you could be going backward financially.
Cash is king and we are in turbulent times now. Everything costs more and it's important to be in a position to pay for living expenses and have funds set aside for emergencies.
Investments are paying well today, even money market funds are paying more than 5%. Consider if you have a 4% loan on your house and you can invest at 10% or more. If you have the funds to pay off your house then you can do it at any time.
Many people pay off their houses just to finance them later with all of the costs involved and perhaps a higher interest rate. If you have plenty of money, this may not apply to you. If you have an 8% interest loan today and you can pay off your house without making you cash-poor, that's another strategy.
The most important takeaway is to do critical research to compare investments against the idea of parking your funds in your house. If you need money and it's all in your house, it will be hard to obtain immediately when needed.
Please visit our website Https://loganandersonllc.com
One of the most popular questions I answer on Quora. Listen to this podcast about buying a house as a senior. Should you buy a house at age 60 or greater? If you are considering what to do preparing for retirement or in later years, listen to this podcast for some facts and suggestions.
Renting vs buying is always a challenge but for older Americans, that decision is critical. You need as much input as possible to help make the best decision for you.
Visit our website https://loganandersonllc.com read our blog articles and listen to more of our podcasts.
Prices are lower now than they have been for the past few years at many vacation rental properties. Fewer people have taken vacations which has caused many owners and managers to reduce their rates. There is a good possibility with the pending election next year that more people may feel good about taking vacations.
Higher bookings usually mean higher prices in future months. This is the time now to plan your 2024 vacation on the beach while prices already posted for 2024 are probably lower than they were in 2022 and 2023. Booking now gives you more opportunities to find what you want.
ChristiesGulfBeachRentals.com is one site that will negotiate with guests for 2024 rates if you book early. As the year moves on, rates will increase and owners may not be willing to negotiate a better rate than the one that is listed.
https://christiesgulfbeachrentals.com is the site to check out a variety of vacation rentals on the Mississippi Gulf Coast. You can book on Airbnb and VRBO, send a message, and tell the host that you would like a better rate for that two-week stay.
A hint; the longer the stay, the better the price. Stays of over a week are good but two weeks are great and the sweet spot is a month. Actually in Mississippi, if you stay for 90 days, there are no sales taxes. This may be the case in other areas.
Please visit our website LoganAndersonllc.com for more information about vacation rentals even buying your second home and using it to generate some income.
You thought that Mardi Gras was only in New Orleans. Wrong. The official Mardi Gras celebrations started in Mobile Alabama and spread to Louisiana after it had already started along the Mississippi Gulf Coast.
Most of the cities on the Mississippi Gulf Coast host Mardi Gras parades starting in late January 2024 and ending on Fat Tuesday, February 13, 2024. Some of the parades are as big if not bigger than in New Orleans.
Come stay on the Mississippi Gulf Coast in a vacation rental property and see multiple parades. Drive over to New Orleans and see a parade there if you have to. Staying on the Mississippi Gulf Coast is far more cost effective and our food is as good if not better than that offered an hour away.
Check out our website for more information about the Mardi Gras 2024 schedule.
https://loganandersonllc.com
Living on the Mississippi Gulf Coast means access to 12 casinos. Learning more about how slot machines work can help you understand things such as the return-to-player calculations.
Listen to this at your own risk. If you have your system and do not want it to conflict with outside information avoid listening to this podcast. If you have always been curious about how the machines work and there is a better way to plan to win more, listen to this podcast.
https://LoganAndersonllc.com check out our website for more information.
That 3% loan is a once in a lifetime gift. Mortgage companies are trying to get you to refinance with them to get them out of that loan which is not making any money for them. They want you into a 7%+ loan that does. Plus they can charge fees and tack them on to the loan.
Listen while we fully explain what happens if you take their bait. Understand that you will be bombarded with offers from here on out. They hate those low-interest loans in a high-interest environment. Before you jump at a chance to get your hands on $$$$$$$, listen to this podcast.
Visit our blog site at LoganAndersonLLC.com https://loganandersonllc.com
It's past time for you to take an inventory of your "stuff". Dispose of anything you do not need, not want but need. The garage is full along with the basement and attic. What about that storage facility?
Boomers and Xers are getting older, do not leave your junk for others to clean up. The process that others go through is very difficult and a tremendous burden. Consider that if you moved, what would you take and what would you give away? Start that process now.
Earn money from selling things you do not need. Give away keepsakes to family members and start what you have been putting off. The main thing is that most people do not want other people's stuff unless it is usable. That toy collection you have is just sitting on shelves, it is time to sell it.
A clean house is one of the best gifts you can give to your survivors. Why not sell stuff that people want and use the money now?
Visit our website at LoganAndersonllc.com read some of our blog articles and listen to more of our podcasts.
This is a very common question. Listen as we explore the idea of preparing for retirement and giving notice. Bill Anderson has managed a national company with many employees and over the years some of his employees have retired. Mr. Anderson also went through the planning process using all of the information he had learned for many years.
Hopefully this podcast will help you learn more about the actual act of retiring. Please visit our blog at LoganAndersonllc.comhttps://loganandersonllc.com
If you want to sell your house fast and make more money on the sale, listen to this podcast. The advice offered may sound simple but it works every time. Your host has decades of experience working with buyers and sellers and as a buyer and seller.
Learn from experience how to get the most for your home and sell it faster.
Visit our website, LoganAndersonllc.com check out our blog articles and listen to more of our podcasts.
You have poor credit and little money for a down payment. There are options. Rather than obtain a typical mortgage loan which you may not qualify for, work with a seller to have that seller finance the property for you.
Are you a property owner about to lose your property through foreclosure? There is a way to get your property sold without losing it through foreclosure.
This unconventional financing program is discussed because it's become popular recently. It's been around for a long time but with the high interest rates and people who bought second homes they can not afford, it's back.
Read our article on this topic: https://gulfcoastalrealtors.com/the-best-last-minute-solution-to-avoid-foreclosure-wraparound-sale/
Visit our website at LoganAndersonllc.com for blog articles and more podcasts about real estate and life on the Mississippi Gulf Coast.
A discussion about how to make the most of your casino loyalty programs. Earn more points and advance in the programs. The higher you get, the more you get. Some casino loyalty programs are better than others particularly for your individual tastes.
Some give household items weekly just for showing up. Others offer dinners and events with entertainment. If you like to eat free, check out the loyalty program that offers more for "comps" to pay for your meals. Some provide periodic allowances, others accumulate funds you can use anytime.
Listen to this podcast to learn more about how you can get the most from these programs.
Please check out our website: Logan-Anderson Gulf Coastal Realtors
It's time to consider paying less in federal taxes by creating a strategy that works for your situation. Why not take advantage of all of the changes made in tax laws during the past few years? These are not "loopholes". If you have a legitimate deduction, take it.
You have a few months left to take action to benefit your individual situation or business this year. Keep in mind that many of the tax benefits passed in 2017 may go away in 2025, just a little over one year away.
If you are retired, this applies to you. If you own investment property this applies to you. Listen and start the process. Taking advantage of tax breaks is as important as earning through your goods and services.
Please visit LoganAndersonLLC.com to read some of our blog articles. Take a look at some good investment properties or your retirement home on the Mississippi Gulf Coast.
You would think that all of the talk about the "housing market" being tight is the case everywhere. It is not. There is no housing market, each area is its own market and many are far different than others.
During the last year the inventory of houses on the market has increased 17% on the Mississippi Gulf Coast while the national market has gone up about one percent. At the same time, housing prices are stable on the Mississippi Gulf Coast.
You would think with more houses hitting the market that prices would be dropping fast. This is not the case, at least now. Listen as we discuss what is happening not only on the Mississippi Gulf Coast but also how this area compares with others.
Please visit our website LoganAndersonLLC.com and read more in our blog articles. Check out houses at our site. Register and let us know what you are interested in.
Once again, Cruisin the Coast is coming to the Mississippi Gulf Coast on October 1, 2023. Each year more and more participants come to the biggest event in the state of Mississippi. More than 9,000 classic cars arrive and become part of a large party that stretches all across the Mississippi Gulf Coast.
Bands, food, entertainment plus thousands of great cars. What more do you want? Downtown areas of most cities are designated event zones for people to walk around and look at the cars. They drive up and down U.S. 90, Beach Blvd.
Join us this year. Book your reservations ahead at ChristiesGulfBeachRentals.com You can read more about the event at RetireCoast.com
Please visit our website at LoganAndersonLLC.com read our blog articles and search for your next home on our site.
Self employed, part time worker, retired? There is a loan program just for you. It's called a DSCR loan.
A DSCR loan, or debt service coverage ratio loan, is a type of loan that is used to finance the purchase of investment properties. The DSCR is a measure of the cash flow that a property generates, and it is used by lenders to determine how much debt a borrower can afford.
The DSCR is calculated by dividing the net operating income (NOI) of a property by the total debt service (TDS). The NOI is the amount of money that a property generates after all operating expenses have been paid. The TDS is the total amount of money that is required to make the mortgage payments on the property.
For example, if a property has a NOI of $100,000 and a TDS of $60,000, the DSCR would be 1.67. This means that the property generates enough cash flow to cover the mortgage payments by 1.67 times.
Lenders typically require a DSCR of at least 1.25 for DSCR loans. This means that the property must generate enough cash flow to cover the mortgage payments by 1.25 times. However, some lenders may require a higher DSCR, depending on the property and the borrower's financial situation.
DSCR loans are a good option for real estate investors who have a strong property but may not have strong personal finances. These loans can be used to finance the purchase of investment properties, even if the borrower has a low credit score or limited income.
Please visit our website LoganAndersonllc.com for blog articles and to look at real estate for sale on the Mississippi Gulf Coast.
Have you ever seen a sign on a telephone pole or tree "I will buy your house for cash now in any condition"? This is the topic of our podcast. You should understand what is happening here incase you are tempted to make a call or are approached by someone.
These people are often called "wholesalers". They are really not in the real estate business because they have no equity interest in anything. They are not investors and they are not real estate agents.
These people are "bird dogging" for investors. They have you sign a sales contract with a provision that they can sell the contract to someone else. That's the plan. Find someone who is must sell quick then sell their contract to a real investor.
There are a few potential problems with selling your house to a wholesaler:
- Lower sale price. Wholesalers typically make a profit by buying properties at a discount and then reselling them for a higher price. This means that you may not get as much money for your house if you sell it to a wholesaler as you would if you sold it to a traditional buyer.
- Less transparency. Wholesalers often don't have to disclose all of the information about their buyers to sellers. This can make it difficult for sellers to know who they're selling their house to and what their plans are for the property.
- Risk of contract falling through. There's always a risk that a real estate contract will fall through, but this is especially true when selling to a wholesaler. This is because wholesalers often have less experience and resources than traditional buyers, and they may not be able to close the deal if they can't find a buyer for your property.
- No fiduciary duty. In most states, wholesalers are not legally required to act in the best interests of sellers. This means that they may not be as motivated to get you the best possible price for your house.
If you're considering selling your house to a wholesaler, it's important to do your research and understand the risks involved. You should also get everything in writing and make sure you understand all of the terms of the contract before you sign anything.
Here are some additional tips for selling your house to a wholesaler:
- Get multiple offers. Don't just accept the first offer you get from a wholesaler. Get multiple offers so you can compare prices and terms.
- Ask questions. Don't be afraid to ask the wholesaler questions about their business, their experience, and their plans for your property.
- Get everything in writing. Make sure you have a written contract that outlines all of the terms of the sale, including the purchase price, the closing date, and the contingencies.
- Do your research. Before you sign anything, make sure you understand all of the terms of the contract and that you're comfortable with them.
If you're not sure if selling to a wholesaler is the right option for you, it's always a good idea to talk to a real estate agent. An agent can help you understand your options and make the best decision for your situation.
Please visit LoganAndersonLLC.com and read our blog articles. Listen to our other podcasts on similar topics.
100% no cost to camp on Deer Island across from Biloxi on the beautiful Mississippi Gulf Coast. This island has forests and various terrain. It is located a five minute canoe ride from Biloxi Beach yet it seems far away. There are no facilities on the island. You need to bring in what you need.
There are no permits required and no cost to camp on the beach. You are permitted to have a camp fire near the beach. This is a primitive island even though all of the conveniences of life are just a few minutes away.
There are dozens of varieties of fish available and you can watch many species of birds some of which are endangered. Hike in the forest and walk along the beach. See dolphins and possibly deer.
Listen as we describe this great place for your next camping vacation. Check out our blog articles on GulfCoastalRealtors.com or LoganAndersonllc.com
Join the club. COVID provided some opportunities for many to buy a property and rent it as a full-time vacation rental. Equity growth was great and income was flowing in. This is a new day, many things have changed over the past two years including too many vacation rentals on the rental market without additional guests to fill them.
Equity growth has ground to a halt in most areas so without equity growth and current income, many investors are finding that they are paying out of pocket for the upkeep of their investment. Not an ideal situation.
There are some solutions to this issue and that is the point of this podcast. Listen as we talk about the market, where it is going, and what you can do.
Please visit LoganAndersonllc.com and read our blog articles. Check out properties for sale at the same time. Should you wish to buy a second home, sell your existing vacation rental or buy a primary residence, feel free to contact us through our website. Logan-Anderson Gulf Coast Realty covers the Mississippi Gulf Coast.
Confused about what you can and can not deduct with an investment property? Join the club. Many are not sure if they are a passive or active investor and what is and is not deductible.
We try to clear this up a bit for you in this podcast. Your CPA will be the final decision-maker for you but it's good to know the general direction before you see the CPA or make an investment.
Visit our website to learn more about this topic and others regarding real estate. Logan-Anderson Gulf Coastal Realty
This is going to be a controversial podcast. If you love summer BBQ's, you need to be aware that not everyone may see that BBQ the way you do. So how do you handle the BBQ? How do you behave at the BBQ. What happens when someone puts XXX on a hot dog.
This podcast will help you calm down when you seem to be offended by another person at the summer bbq.
Please visit our website: Logan-Anderson Gulf Coastal Realty
Yes, you can build a new home on/near the beach for about the same cost as buying an existing home. The difference is that your new home is yours. You designed it, it's exactly what you want.
Logan-Anderson Gulf Coastal Realty has created a youtube video "The Proctors New Home on the Beach" showing the building process as it happens. Each segment shows the next stage in construction.
Building a new home on the beach or almost anywhere is not hard. Forget the rumors and propaganda about the hassle of building a home. The process is actually interesting and fun. This is a great project for a couple. As the buyers, your interaction with the architect and builder is as much as you want to be involved.
Listen as we discuss the process. If you want more information please check our blog articles and contact us. We can help you find a house, builder, loan broker, architect, and place to furnish your property.
Visit our website at Logan-Anderson, Gulf Coastal Realty
You can afford this beautiful beach house located on the Mississippi Gulf Coast. A three-bedroom, three-bathroom craftsman house on more than half an acre near the beach. The house comes fully furnished. Yes, that's right it has everything you need to live there.
$349,000 is all that's been asked for this property. There are at least $20,000 in furnishings and decorations included in the price. The property has been profitable for the current owners.
The property is currently used as a vacation rental and people love it.
Sit on your porch and watch the people at the beach and the boats on the Gulf of Mexico. This wonderful house was renovated in 2015 with new electrical, plumbing, AC, metal roof and much more. A white picket fence surrounds the property including the RV parking area with 2 x 30 amp outlets.
Large live oak trees over 100 years old on the property. Fire pit on its own concrete slab and a separate horseshoe pit. The house sleeps 12 with the sofa sleeper. Lots of parking. Low property taxes.
Check this out on ChristiesGulfBeachRentals.com vacation rental site.
Visit Logan-Anderson Gulf Coastal Realty to view the property. Sign in and keep up with any changes. If this property is not what you are looking for, check out others on our site.
People who have never been in a hurricane, earthquake, or tornado have perceptions of what that is like. The news media usually hypes these natural disasters and make them seem worse than they are.
People who live on the Mississippi Gulf Coast and experience hurricanes laugh at the coverage they hear from their friends in Illinois or New York. Speaking of that, did you know there are more hurricanes in New York than in Mississippi? True.
This episode gives you the truth about hurricanes and compares them to other natural disasters. The bottom line is that you should not avoid buying your home on the Mississippi Gulf Coast because it is subject to an occasional hurricane.
Please visit our website Logan-Anderson, Gulf Coastal Realty read our blog articles, and check out our low-cost properties.
July 4th is our greatest holiday, one that should be celebrated by all Americans. Regardless of what part of the political spectrum you are from, it's time to celebrate the bravery of those 56 individual signers of the Declaration of Independence.
It's time for hamburgers, hot dogs and beverages. Families and friends take time to have some fun and perhaps think about how good we have it in the United States.
The Mississippi Gulf Coast celebrates July 4th in a very big way. There are celebrations along the coast and they are all offered at no cost. Free parking at the beach. We discuss the events and what to see. The list below includes fire work displays on the Mississippi Gulf Coast for 2023.
https://retirecoast.com/best-guide-to-july-4th-on-the-mississippi-gulf-coast/
CityDateTimeLocationPascagoula | July 1 | 9:00 PM | Back Bay
Gautier | July 4 | 9:00 PM | Gautier Municipal Complex
Vancleave | July 4 | 9:00 PM | Vancleave High School
Ocean Springs | July 4 | 9:00 PM | Fort Maurepas Park
Biloxi | July 4 | 9:00 PM | Biloxi Beach between Margaritaville and Hardrock Casino
Gulfport | July 4 | 8:45 PM | Jones Park
Long Beach | July 1 | 9:00 PM | Long Beach Town Green
Pass Christian | July 4 | 9:00 PM | Pass Christian Harbor
Diamondhead | July 2 | 9:00 PM | Diamondhead Boat Launch
Bay St. Louis | July 2 | 8:30 PM | Jordan River Beach
Waveland | July 4 | 9:00 PM | Garfield Ladner Pier
Please visit our website LoganAndersonllc.com read our blog articles and check out our low cost housing.
This podcast will give you some good information about how a home air conditioner works. Why you may have problems and what causes them. Parts that fail and why. Operating information and maintenance to keep the system working as long as possible.
Everyone with a home should listen to this podcast before they spend big dollars on buying a new air conditioning system or choosing a repair technician.
Look for a blog article with more details in the future at LoganAndersonllc.com
Home values are dropping. It's time to look at the value of your house and determine if the tax rate is fair. When values increase tax rates reflect those increases and go up. The law states that they should go down when values drop.
For most counties, this is not an automatic adjustment. Owners must petition to have their property tax rate adjusted for the lower value.
Listen as we discuss this process and when it's best to do it.
Please visit our website LoganAndersonllc.com Check out some of our blog articles. If you live or will live on the Mississippi Gulf Coast, check out home values on our website.
HOAs need a lot more real information before they start setting up fees and fines for short-term/vacation rentals. This podcast is addressed to HOA managers, board members, and residents.
Get the facts on the damage that can be done to all properties in the HOA for badly thought-out rules. Rules that are vindictive and created to eject investors will backfire.
Listen to this podcast, it explains some basics and offers solutions.
Visit our website at LoganAndersonllc.com and read our articles on the topic.
We all love a great looking lawn. As a real estate broker, I know that a great lawn can help sell a house and potentially for more.
If your lawn is looking poorly, there are ways to improve it without going into an extensive and expensive effort. Some of our suggestions are counter to what others on the internet may suggest but they work for me.
Please visit Logan-Anderson Gulf Coastal Realtors to read some of our blog articles and if you are in the market for a house or wish to list yours on the Mississippi Gulf Coast we are here to help.
This is National Police Appreciation Week. It's time to thank those individuals who put their lives on the line so we can sleep at night. With all of the talk about defunding the police and focusing on the extremely few who violate trust, it's time to say thanks to the good guys.
We need more police and not fewer. Officers are retiring at a rapid rate as Boomers and older Gen-Xers hit retirement age. That's in addition to officers in large cities who have given up.
Most communities in the country outside of the big metros appreciate their police officers. Crime rates are impacted by the lack of effective policing and prosecution. This is not a political topic.
Check out our blog at LoganAndersonLLC.com for more articles on this and other topics.
People over-bought during COVID, they are now offering their fully furnished vacation rental properties at discounted prices. True, vacation rental income is down from last year and 2021. If you are looking for a property for your family to use as a true vacation home, now is the time to buy vacation rental property.
You can earn some income from your vacation home while you are away but current economics do not work well for financed properties. It's best that you pay cash or understand that any income should be considered extra. Imagine, you walk into a renovated property fully set up and the prior owner "gives away" the furnishings.
Appraisals can not take furnishings into consideration for valuation purposes. This means you can save the time and effort of buying a property, rehabbing it, and furnishing it. At closing it's all ready to go. Now is the time to buy vacation rental property.
There are five on the market in one townhouse development as this is written and other single-family homes too. Visit our website and take a look. LoganAndersonllc.com Call 228-215-3234
Love bugs are flying insect found in the deep South. They swarm twice a year from the end of April through May and from the end of August through early October. They don't bite but can cause some damage to your car.
Love Bugs are a nuisance but not one that requires pesticides or removal methods. Want to learn more about Love Bugs listen to this podcast.
Want to learn more about Gulf Live listen to our other podcasts and visit our website at LoganAndersonLLC.com
Mortgage interest rates in the 6% range are normal! During the past five decades mortgage interest rates have gone from a low of about 3% to a high of about 17%. The typical range is between 6-8%.
Depending upon your generation, you may think rates are very high, high, normal or low. Don't let your past experience dictate if you will or will not buy a house now.
Listen to this podcast to learn more about interest rates, where they came from, where they are and where they may go.
Read our blog articles about buying a house at GulfCoastalRealtors.com or LoganAndersonLLC.com
How is it possible that as your credit score increases you will pay more in interest? That's because someone else who did not care enough to keep a good credit score needs your help. Your government just decided without legislation that they want to put more lower-income people into houses, somewhat can not afford them.
You will be subsidizing these other people by paying more for being a better credit risk. This is an oxymoron. What planet are we living on? Listen as we discuss the issue.
Please visit our website at Logan-Anderson Gulf Coastal Realtors
Why pay rent at a rate that is higher than the cost of a mortgage payment? It makes no sense when you are 20 years from retirement and trying to save money. Not only can you save tens of thousands of dollars by owning your own home but the equity is part of your retirement nest egg.
This episode exposes some of the differences between renting and buying. Facts prove the point that after 20 years renters have zero equity and will almost always have paid more for their mortgage payment. It's hard to speak for California, and other high-cost states so it may be time to move to a more affordable place.
This podcast is part of a series about "Generation X 20 Years to Retirement" Please read more about this at Https://retirecoast.com and visit our website at Logan-Anderson Gulf Coastal Realtors .com
I am taking a break from bugs and critters and back to something more serious. Gen-Xers who have twenty years to retirement. It's not too late to plan. This podcast discusses some aspects of retirement planning for Gen-X ers, it's good advice for anyone.
Please visit our website at GulfCoastalRealtors.com to learn more about this and other topics. Our blog articles are often in-depth on serious topics. We are working with RetireCoast.com which is producing a series of blog articles and videos about Gen-X retirement in 20 years. Several articles are set to drop in a few days.
This series along with our contribution on housing will be the definitive knowledge base for Gen-X to get started.
Most of us see how fast weeds can invade your property as Spring and Summer arrive. Many products on the market are ineffective at removing tough weeds, particularly those that grow around your property line. There are effective products on the market that will do the job without damaging the environment or your plants.
Listen as we discuss how to use one of these effective products around plants without damaging the plants yet killing the weeds at the root.
Logan-Anderson Gulf Coastal Realtors is here to help you by providing suggestions and information about real estate and your home. Please visit our website at LoganAndersonllc.com or Gulf Coastal Realtors.com listen to our other podcasts and visit our youtube site. Sign in at our website to view property on the Mississippi Gulf Coast both for your own home and as an investment.
If you have seen one of these grasshoppers, you will know what we are talking about. Some say they are so big that a few of them can carry away your kids. They are big, and ugly and serve no purpose except to eat your plants.
These grasshoppers have no natural enemy. They can kill birds that eat them including small animals as well. As adults, they are almost unkillable. You will have to pour a pint of pesticide on one to kill it.
Listen while we tell you how to get rid of them before they become a problem. This is the fourth episode about creepy, crawly things you don't want in your home. Please listen to other podcasts from Logan-Anderson Gulf Coastal Realtors and visit us for our blog articles.
This is spring and the entire wasp family is looking for their summer home. It could be under your porch. Before you think that these critters are bad, listen. Yes, prevent them from building a nest but do not kill them if you can help it.
Wasps are extremely beneficial for food production and flower pollination. They help us control bad insects by eating them. Listen and learn how we can live with them.
This is the third episode about creepy, crawly things you don't want in your house. Please listen to our podcast on roaches, wood bees, and ants and our second episode expanding on termites.
Visit our website to read some of our blog articles. If you are in the market for a home or want to sell one, please contact us. LoganAndersonllc.com
Are you aware that leaking water heaters are a leading cause of flooding in a home? True. Water heaters have a life and that life can be very long if it is maintained properly. When is the last time you even looked at your home water heater?
We are going to discuss what some call a "hack" to practically double the life of your water heater for an extremely small investment. Maintaining your water heater will prevent leaks and subsequent losses. The topic came from personal experience which makes it even more important for you to listen to.
Please visit our website GulfCoastalRealtors.com or LoganAndersonLLC.com to learn more about maintaining your home to protect its value.
Don't wait until you have an emergency before you make a list of people who can fix things. Perhaps you can locate a good handyman who does everything. Great, be sure that everyone in your household knows who to call for such things as plumbing leaks.
Logan-Anderson works with several people who between them can fix or build anything. We will be pleased to share our contacts with you.
Always get your agreed job in writing before work starts. Many local contractors work on a cash basis and expect actual dollar bills at the end of the job. Checks and credit cards must be agreed upon in advance if they will take them at all.
If you are building a fence or deck, best to buy the materials and pay the contractor for the labor. You will save money on materials and the contractor will not need a big retainer to start.
Visit our website and read our blog articles GulfCoastalRealtors.com
Your homeowner's insurance rates for 2023 will be adjusted to reflect inflation which according to at least one insurance company is 10%, not the advertised 6-8%. Plan ahead for this rate increase.
There are some things you can do to help mitigate a future increase, we discuss this and other facts about homeowners insurance. Please listen to our podcast on this topic for Millennials which works for everyone. Visit our website and check out our articles about insurance which are far more detailed and can really help you.
GulfCoastalRealtors.com
The first installment titled Termites, Roaches, Ants, and things you don't want in your home was so popular that I decided to provide more information about Termites and a product that breaks the egg and growth cycle for good.
I have had more experiences with termites since the last episode and have developed a plan with my contractors to deal with the critters when we find they are in residence or were there.
Listen to the first installment and this one as well, you will become a termite expert. A word of caution, use professionals when possible. If not, be careful with any products you use to treat them.
Listen to more podcasts from Logan Anderson Gulf Coastal Realtors read our blog articles this topic and others all things real estate.
The roof of your house is a potential liability. Roofs can leak and cause severe damage to the interior of your house including causing mold. Insurance companies use the roof as a gauge of the price they charge for wind and hail policies. If it's over ten years old, it will cost you more. If it's over 15 years old they may not renew your policy.
We discuss how to protect your house and make that roof last as long as possible without leaking. Further, if you are going to sell a house or buy a house, what should you be looking for?
Please visit GulfCoastalRealtors.com our website to read more about this topic and similar topics. Everything real estate and investing.
Are you considering a move out of your crowded, crime-ridden, expensive state to another place where the quality of life is better and less expensive?
Don't follow the herd to Texas or Florida without listening to this podcast or reading our blog article at Logan-Anderson Gulf Coastal Realtors
Too many have moved to these same places and now they look like the place they moved from. Overcrowded, crime, water, electrical, and other issues. Don't make the mistake of following everyone else there, you have options.
Please visit our website and listen to our articles on this and similar topics.
If you love trees, you will agree that the Southern Live Oak is a magnificent tree. These evergreen trees can grow as much as 150' wide and 60' tall. One of their important aspects is that they can live for many hundreds of years. The trees provide food and shelter for animals and humans.
Indigenous peoples have eaten acorns from these Southern live oak trees for hundreds of years. The wood is extremely dense and contributed to the winning of the Revolutionary War.
Visit the Mississippi Gulf Coast and see these trees which are part of our heritage. Visit our website to read this article about the great Southern live oak trees.
Thanks for listening to Gulf Life Now, a feature of Logan-Anderson Gulf Coastal Realtors
Almost everyone has seen roaches, ants, and at least termite damage. This podcast discusses how to prevent infestations and what to do when you have them. Wood destroying insects and live destroying insects like roaches love to live with us.
It's time you deal with these pests. If you have them there are ways to eradicate them and if you don't there are methods to prevent them from visiting.
Gulf Life now is a service of LoganAndersonLLC.com please visit our website for many blog articles on topics like these. Look for the property if you are considering buying or selling a house. Contact us at 228-215-3234 or Bill@loganandersonllc.com
Why does your AC/heating system always break down on a hot Saturday evening? Or, the temperature is in the 30s and the heater stopped working on a holiday. Murphys Law, what can go wrong will go wrong at the wrong time.
AC systems need preventative maintenance just like your car. They must be cleaned internally regularly as your car needs an oil change. If the system gets clogged up, the air will not cool and your electric bill will skyrocket.
Our podcast explains how these systems work and why they maintenance and how to get them. You will learn more than you thought you knew about air conditioning by listening to this podcast. We hope it will save you money.
Please visit our websites GulfCoastalRealtors.com and LoganAndersonllc.com
You are a Millennial in the process of buying a house. It's time to obtain a homeowners insurance policy. Where do you start? What's the actual cash value? And how much do I need for medical bills? The homeowner's insurance puzzle for Millennials made simple 2022. If you are confused, join the club. Buying a homeowners policy is like listing to metal grating on metal.
When you receive the final printed package and I do mean package (20-40 pages), good luck reading it. This article will enlighten you to the point that you should be able to understand everything you need to know about home insurance coverage.
The foundation article is: Millennials Are Buying Homes Near The Beach: Buy Yours Now
Budget Calculator and planner: Millennials Need This Now – You need to know what these required programs mean for those putting less than 20% down. This article explains your choices and what each means to the cost of your new home.
23 easy ways Millennials can improve their credit scores: 2022 it’s time to get that credit score higher. This article goes into all things credit report and credit score to help you pay the lowest interest rate possible. Use our tools and learn how you can keep your score high and improve it if it’s low.
The Homeowner's Insurance Puzzle Made Simple for Millennials 2022 You need this information to make informed decisions about your homeowners insurance policy. Without a policy there is no mortgage. You can overpay for coverage that others will offer for a lower price. When should you make a claim for damage, theft etc.?
Credit Cards – How to get the most out of credit cards and manage them to your benefit.
Mortgage Insurance – You need to know what these required programs mean for those putting less than 20% down. This article explains your choices and what each means to the cost of your new home.
Mortgage Loan Application Process – This article goes through an actual loan application so you can learn the process and how best to complete the form.
Buying your first home: The process – Selecting a real estate agent through the process of selecting a home and making an offer.
Logan-Anderson Gulf Coastal Realtors is here to help you. If you are eventually looking for an affordable house in an affordable market, please go to our leading site LoganAndersonLLC.com where you can look at homes for sale. The Mississippi Gulf Coast is one of the most affordable home markets in the country. Read more about the area at RetireCoast.com
Gulf Life Now is a service of LoganAnderson Gulf Coastal Realtors please visit our blog site at GulfCoastalRealtors.Com and our main site at LoganAndersonLLC.com
You thought that only Boomers can afford to buy a home. Did you ever think you could ever afford to buy a house near the beach? Read further, I will tell you how one Millennial couple did just that. The fact is that Millennials are buying homes near the beach: Buy yours now!
It occurred to me that there is so much bad information circulating about how Millennials don’t want to buy houses. Millennials can’t afford to buy a house and more. None of this is true. This article will serve as a foundation for a series of focused articles I will be adding to my series about Millennials being the greatest holders of real estate in history.
Go to GulfCoastalRealtors.com to read more and use the great tools embedded in our series of articles called Millennial Financial Resources Series
Please listen to episode one, Private Mortgage Insurance PMI, get rid of it now. before you listed to this episode. Episode two continues my own saga trying to get rid of PMI. It's been a long struggle, months in the making. This is good information for those of you who think this will be an easy task.
Please visit our website LoganAndersonllc.com and read our blog articles about all things real estate. Also visit our alternative site GulfCoastalRealtors.com for a wealth of blog articles.
Our brief discussion on how easy it is to get pre-qualified for a mortgage loan will help those who are considering applying for a pre-approval. There are some things you can do to get ready. Listen and we will explain the process.
Visit our website at GulfCoastalRealtors.com
Gulf Life Now is a presentation of Logan-Anderson, Gulf Coastal Realtors. Contact us if you are interested in purchasing property along the Mississippi Gulf Coast. Visit our website to see what is available LoganAndersonLLC.Com
Home buyers will pay a higher price if the house is in good condition, and it is clean and tidy. If you want to earn the listing price for your house it must look attractive inside and out. The value of your home is in part based on its condition. We have listed 75 easy things to sell your house for more money.
There is no need to spend lots of money to prepare your house for sale. Almost all of the items on the list below represent minor repairs that will give you the best bang for your dollar. Follow the items on our list to improve the curb appeal of your house.
The title of this blog, 75 easy things to sell your house for more money is just that, easy. The list below are things you should not do just before selling your house:
-1. Don’t remodel
-2. Don’t replace the AC, water heater, or large appliance unless they are not operable and you can’t repair them
-3. Don’t repaint the entire house
-4. Don’t do anything that personalizes your house
I hope that the 75 easy things to sell your house for more money will improve your ability to sell your house fast without a big investment. Small things can add up and make a great impression. You can buy a new water heater, have it installed and it will not be noticed. Plant a few roses and you can sell your house for more.
Read further
Check out this article about “What is a home appraisal”. and Home Inspections there are many more articles on GulfCoastalRealtors.com I also suggest that you look at a few articles on our main website Logan-Anderson, Gulf Coastal Realtors where there is a wealth of information about buying and selling homes. Since you are moving, you may be interested in this article and the free budget tool. The best retirement-relocation budget tool.
Loganandersonllc.com
Yes, you can afford to retire by the beach on Social Security in 2022. You can even afford to buy a house. The low cost of living on the Mississippi Gulf Coast is the reason why you can afford to live on Social Security alone. Your social security income can pay the median rent, and cover living expenses so you can live a comfortable life. Mild winters and warm summers along with healthcare services attract people from the largest cities.
Our calculations are based on two Social Security incomes. One at the average monthly benefit of about $1,450 per month and another at $2,400 per month. These amounts are typical for full retirement age benefits. The lower cost of living on the Mississippi Gulf Coast permits Social Security retirees to enjoy their golden years.
Mississippi is one of the best states for retirees regardless of their source of income. If you have retirement savings to supplement, don’t worry about the State taking it in taxes.
Mississippi is among a few tax-friendly states where none of your retirement income is taxed by the state. This includes your Social Security check 401k withdrawals, pensions, etc. Let’s get back to the topic which is how you can afford to live in one of the best cities for less.
You have choices along the Mississippi Gulf Coast. You can rent or buy. Housing prices and rents are among the lowest in the nation. The Mississippi Gulf Coast is far removed from the high cost of for example Los Angeles or other big cities. Our cost of living is lower than that metropolitan area you want to move from.
Starting with your monthly budget, we will explore what a monthly rent payment and utility bills would look like. Great news, almost all medical facilities accept medicare and offer good healthcare in exchange. Doctors in some larger cities and metro areas no longer accept Medicare so the fact that healthcare providers in this area do is good news.
In this example, you would qualify for a loan assuming your credit scores were adequate. This is the type of information that you can get from your loan broker. There are several articles on this website that can help you with your decision. A few of those articles are outlined below. Follow the links provided for additional articles that can help you make the right decision. Educate yourself.
Using the budget tool, you should consider all possible expenses. Read the article about the budget tool before you use it. Be sure to download it so you can save it. I am sure you will go back to it on occasion.
If you can save before retirement, do so. Living on Social Security alone can be done with two incomes. Even with one income, a single person can make it work as long as the amount is sufficient.
Thank you for reading our blog. Please our website and read some of our dozens of lifestyle blogs. Listen to our podcasts available on all podcast sites. Click on one of the podcast players to the right of this article. Please leave comments, we love comments.
Check out our website RetireCoast.com. Read the entire blog article with the same title on our website by clicking here As mentioned, there are a few articles below that you may be interested in, just click on them.
Why I decided to retire in Ocean Springs, Mississippi
Why you need to retire on the Mississippi Gulf Coast
You can buy a house on Social Security Alone in 2022
Your best free Debt-to-Income Calculator will show you if you may qualify to buy a new home. Qualify for that loan on the first try with your best free Debt-to-Income Calculator. Follow our easy suggestions below for the best results.
See the results develop as you enter the data. A PDF is produced which you can save for future use. Save as many versions as you need based on potential changes. Your best free debt-to-income calculator will give you a good idea of where you stand from the comfort of your home.
Start with our mortgage calculator to determine what payment you can expect for a house you may be looking at. Click here to use the tool on our site.
Start with Debt-to-Income
Enter data starting with your future housing cost (the new mortgage payment you want). The mortgage amount must include interest, principal, taxes, and insurance. Then move on to other expenses. If you have none enter zero or skip. Only enter numbers that can be found on a credit report about debt.
If you owe money to your sister and it's not a recorded deed or debt, do not include it. Credit Agencies want to match up what you indicate with what they have found. It's a trust but verify thing.
Complete the form by entering your income.
Your Income
A word about the income. Don't forget to enter all income that can be verified. This income should have been reported on your last two years' tax returns. Just because you can verify the income does not mean that the lender will use 100% of that income.
Income from a business may be discounted by 25% or more. The lender will have rules about income stability e.g. If a source of income will stop in six months, it may be discounted. If the source is not consistent e.g. every month, some or all of that income can be discounted.
Lenders are all about reducing the risk they take by loaning you money. They will require documentation on virtually everything including the source of any money you have in your accounts. They will want to verify any monthly income to give you credit for it.
The Calculation
At the bottom of the form, you will see your debt-to-income calculation. If you have asked a lender for their guidelines, enter that number into the calculation. You will notice if you have met their target percent at the bottom of the form.
Now go to the right side of the form and enter the HOA number of any. You will then be able to see the same calculation for the front-end number. You will meet, exceed or not meet the threshold.
What If I do not meet the target?
Use this tool to adjust debt up, down, or eliminate it. Add income you may have forgotten. Change the anticipated monthly payment. Any of the factors can be changed. If for example, you are short on the debt-to-equity calculation, think about paying off a credit card. Change that number and see if makes a difference.
You may be looking for a house with a maximum monthly payment of $1,500 per month with principal, interest, taxes, and insurance. The tool may indicate that you will not qualify. Reduce the $1,500 to a lower number and see how it rolls out. If you can not make other numbers work, you may be required to buy a lower-cost house.
While you are considering buying a house, take some time to prepare a budget. This article will be a great help not only does it discuss the process but it includes a free comprehensive personal budget tool. Just click here to get started.
Visit our blog articles on LoganAndersonLLC.com
Your monthly cost to buy a house can be lower than the cost to rent. With sufficient Social Security income and good credit, you may qualify to buy a house. Yes, you can buy a house on fixed income Social Security alone in 2022, and here is how.
Start with good credit. You will need a minimum credit score in the high 600's but the better credit gets better interest rates are given to scores of over 720. Next, are your ratios. This is your debt to income ratio. Your total debt reported to credit agencies plus your mortgage, insurance, and taxes can not generally exceed 45% of your gross income.
Sample Social Security Income
This assumes that a married couple at full retirement age is both drawing Social Security retirement benefits. One individual receives $1,450 per month and the other receives $2,500 per month. The combined income is $3,900 per month. This would be the gross monthly income. Any income from other sources such as dividends, interest, etc. would be added to your Social Security payments.
With an income of $3,900 per month, you can spend as much as $1,700 per month on your mortgage payment and debt payments. Assuming that you have only a $100 per month credit card payment, you can spend up to about $1,600 on housing costs.
Let's look at a sample mortgage payment for a house that can be purchased for $112,950. Another assumption made here is that you qualify for a USDA home loan which permits 100% financing.
Compare to rent
Yes, you can buy a house for less than you may pay for rent when you buy a house on Social Security alone in 2022.
We can help you
All of this is leading up to the fact that Logan & Anderson, Gulf Coastal Realtors can help you find that perfect property. We know the mortgage programs and can recommend lenders who can work with you. We can help you ahead of completing that mortgage application. If you have never been to the Mississippi Gulf Coast, we can help you understand the options available to you based on your limited income.
Call or message us at Logan & Anderson LLC.com, we can tell you anything you want to know about the area. Did I forget to tell you about the very large number of retirees in this area? You will not have trouble creating a network of friends on your own. A good option is to go through the budget, look at our website and contact us. Doing some research is always a great place to start.
Buy a house on Social Security alone in 2022 - Read our references below:
References
RetireCoast.com is a great place to read about the area and retirement.
LoganAndersonLLC.com is another great place to learn about the area and to see houses for sale and rent
Why I decided to retire in Ocean Springs, Mississippi an article about the area
Why you need to retire on the Mississippi Gulf Coast yet another article about the area
22 Things to do on the Mississippi Gulf Coast go here to see what the Gulf Coast has to offer
Serious about buying a home? Getting pre-qualified or losing out a good place to start understanding credit
Considering selling your home? Will it pass an FHA or VA inspection? This podcast was created to help you understand what inspectors are looking for. If you are a buyer and want to finance your home with a VA or FHA loan, be sure the house you are looking at will pass the inspection.
After listening to this podcast, you will understand the basics of what the inspectors are looking for. Health and Safety issues can take many forms. With this new information as a seller, you can fix these issues before you sell. As a buyer, you will know what to look for.
Please visit our website LoganAndersonLLC.com you will find blog articles on a wide variety of real estate topics. Should you consider buying or selling property in Mississippi and specifically on the Mississippi Gulf Coast, please contact us through the website.
One of our Mississippi Gulf Coastal gems. The small city of Bay St. Louis is located on the Western side of the Mississippi Gulf Coast within a short drive of New Orleans. This small coastal community is known for its hospitality.
Having suffered greatly from Hurricane Katrina, the community has bounced back and is better than ever. New construction is everywhere. Restaurants, hotels, and more venues for visitors to take advantage of.
The marina/harbor has been rebuilt and offers several restaurants. Sit at one of the marina restaurants and enjoy the view. Walk around the old town area where you find shops and pubs for your enjoyment.
Gulf Life Now is a service of Logan&Anderson, Gulf Coastal Realtors Please visit our website to read blogs on interesting topics. Listen to more of our podcasts as well.
Why are you renting when you can buy with as little as a 3.5% down payment and a good credit score. Your rent is $1,650 and the mortgage payment is $1,245 per month. This is an example of real rental property and what it would cost to buy that same property? You should buy Vs. rent a home: now.
I just received a notice today about a house that has been offered for rent at a rate of $1,650 per month. This home's value is about $155,500. Read on to see how it was cheaper to buy vs rent this same home.
The required lease/rent payment is $1,650 per month. You can see that the estimated monthly payment is $1,245 per month saving you $355 per month. Interest rates are going up so we used a higher rate in our calculations.
If you bought this house, you would save about $4,260 per year at today's interest rate vs paying rent. Rents will continue to increase while the principal and interest on a fixed rate home loan will not. To be fair, insurance and mortgage taxes can increase and probably will.
The dollar amount of those increases may be competitive with the dollar amount of your rental increase. Year after year. The evidence is adding up, you should buy vs. rent a home: now.
The example above is located in the city of Gulfport, MS. Other properties are less costly to buy than paying rent in this area. I picked this one because it popped up and gave me the idea to write this article.
Read this article about the best places to live on the Gulf Coast.
If you can afford a 20% down payment, the houses are even more affordable without mortgage insurance. The more you put down, the lower the payment. I also suggest that you consider putting down only as much as necessary to make the payment comfortable.
Over the years, your property will work for you repaying you for buying it. As mentioned above the appreciation and build-up of equity are great benefits.
Time to get pre-qualified
If you see what we see in this article, it's probably time to get pre-qualified. See how much home you can afford. Read our article on this site "Serious about buying a home? Get pre-qualified or lose out."
While it's still a seller's market, you need to know that you can buy a home before you can make an offer. When you decide you want that house, as the article will say, move fast with that pre-qualification letter. Read this article "can I qualify to buy a house?"
Click here for a form to get started on your pre-qualification.
Contact us, we can help you find your affordable home
At Logan & Anderson, Gulf Coastal Realtors, we are at your service. Our specialty is helping first-time buyers locate that perfect home, they can afford. We help people relocate to the Mississippi Gulf Coast as well.
Our blog site LoganAndersonLLc.com has lots of articles about things we have discussed above. You can also check out an article about Mississippi Gulf Coast Housing. To learn about qualifying for a mortgage click here.
Mississippi has several valuable exemptions from property taxes. You must apply for them if you qualify. Taxes in Mississippi are almost the lowest in the nation according to TaxRates.org. Learn if you qualify for one of the exemptions and how to apply.
Logan&Anderson, Gulf Coastal Realtors sponsors Gulf Life Now. Please visit our website at LoganAndersonLLC.com
Come visit the Mississippi Gulf Coast if you are not already living here. We can help you buy, and sell your home or investment property.
So you are selling your house and the buyer's house inspector found items. Should I make repairs to my house or offer cash to buyers? This question is asked very often of realtors during the process. A buyer makes an offer usually with a contingency of home and termite inspections.
What this usually means for the seller is that there will be things that the buyer wants to be repaired. This is how the "make repairs to my house or offer cash to buyers" arises. There is no perfect answer because it depends upon what the inspector finds. If the inspector finds small stuff e.g. missing window screen, garage door remote missing then it's probably better to just buy those items.
When that list of "small" items starts to grow, perhaps it's time to take another approach. You can say no to making the repairs and possibly lose the sale or you can agree to fix some, most, or all of the items. At this point, you may want to get an idea of what the cost will be to make that long list of small repairs.
Tell them no
Sellers are under no obligation to fix anything. The buyer can back out of the deal since a successful inspection is a contingency of the sale. If the items are minor most buyers will not back out at this point. They will have paid for the home inspection and are well into the process.
You could tell them no, you will not fix anything. You risk losing the sale but the risk will usually be weighed against the cost of those repairs. Sometimes the inspector finds a long list of small things that most homeowners can fix on their own without professional help.
You may be living elsewhere and not able to do any of the minor work on your own. This means you have to hire someone to do all of the fix-it items. Should you think this is too much effort, you can tell the buyers to take care of it when they close.
Tell them you will give them X$ in closing
Most of my clients either fix the small stuff or give some money in closing. I recently sold a house valued in the mid $400k range. The house was only five years old. There were about 10 very minor things. My client gave the buyers $1,000 in closing to have them do the work when they closed.
There is another good reason to throw money at the problem. Closing is not delayed waiting for a plumber to replace some old pipes. The new owners can have it done with your money after closing. With all of the work people are doing at their homes, it's hard to get workers out and keep the closing date.
While there are several good reasons to throw a small amount of money at this, one is that if the problem is bigger, it's their problem after closing. The best advice here is to make sure you get what you need at the asking price and expect to spend some money after the inspection.
Closing cost assistance
Some agents offer closing cost assistance upfront as part of a response to the initial offer. If the buyers do not ask for it but want a lower price, you can give them closing cost assistance in closing. For example, give them $5,000 at the closing table instead of lowering the cost of the property.
The net result to you is the same but you explain that the closing cost assistance is to cover minor things found in the inspection as well. This can help you and avoid the back and forth with the inspection results.
Make repairs before you list
You should clean the property and make sure the outside is looking good. Mow the lawn, pull the weeds, and replace dead shrubs. If the carpet is stained, get a professional out to clean it. Touch up paint the interior. If you are a smoker, you may need to repaint a room or two.
Do not replace the kitchen counters or flooring. Do not replace any flooring unless it is very badly worn. If you must replace flooring buy the most inexpensive you can find. Some new owners will immediately rip it out and put in what they want.
Clean the bathrooms, and remove stains. Call a
A strategy used by some who are working with a 1031 exchange project. Pull out cash before the exchange making it tax-deferred at present. This discusses why someone would want to sell their home immediately after the cash-out refinance.
Please listen to our other podcasts and visit our website at LoganAndersonLLC.com and read some of our podcasts on similar subjects.
Logan&Anderson, Gulf Coastal Realtors markets properties on the Mississippi Gulf Coast. Please contact us if you are interested in buying or selling an investment or residential property.
Applying for a home loan? That debt-to-income ratio is confusing for someone with a good credit rating. You think with a 720 credit score you are automatically qualified for a loan. If your debt to income ratio is out of balance, you will not qualify. This blog will show you how to improve your debt-to-income ratio now.
The type of loan you obtain, conventional loans, or government loans, all use the ratios as an important factor in making their determination.
What is the debt to income ratio? Take all of your debt from car payments to your expected mortgage payments. Everything that shows on the credit reports. At the same time add up all provable income e.g. pay stub, interest income, investment income, and all sources.
With those two totals, you can calculate your debt-to-income ratio. If your gross monthly income is, for example, $5,000 before anything is taken out of your income (taxes, etc.), and your monthly debt obligations are $2,000. Divide your debt into your income. Your debt to income ratio in this example is 40%.
What is a good debt-to-income ratio?
The recommended threshold is between 40% and 50%. In the example above, the person with a good credit score would qualify for a loan. The $2,000 above included forecasted interest, principal, taxes, insurance, HOA, and PMI/MIP. Let's break down the $2,000.
Your total debt for credit cards and other payments that appear on your credit report amount to $400 per month. The remainder of $1,600 covers the items listed above, your housing expense. $1,600 is what you have to spend on your new home each month to cover those obligations.
Now you know how much house you can afford
Assuming that the amount of house you can afford is lower than your expectations, there are some things you can do to fix the ratio issue. Let's tackle each of them and then you can reenter the data and see how things have changed. The idea here is to allow you to buy a house with a higher selling price.
Monthly payments include anything that shows on the credit reports including monthly debts, personal loans, child support, and any other financial obligations. Try to lower these amounts. Can you pay off any of your current debt?
It's all about reducing your monthly expenses and the total amount of debt you have. Try to get your monthly bills reduced. Pay off anything you can which will put you in a better position to lower your debt. Lower your credit utilization rate which is done by paying down cards to lower than 10% of available credit.
Actions you take now can affect your ability to buy what you want
Don't wait until the day you decided to apply for a mortgage before taking the steps outlined here. This is a long process. We recommend you start at least one year from the date you want to apply for a mortgage loan. Keep at it. Your focus on all of the elements above is required to ensure the best outcome.
Please contact us if you need more information about any aspect of buying a home (or selling). We can make referrals to lenders that use these formulas. Contact us at connect@loganandersonllc.com or call at 228-215-3234 or LoganAndersonllc.com
You are thinking of making a change that is why you clicked on this blog article. Let's get down to it. Do you want to save big on your dream house, near or close to the beach? You have come to the right place both geographically and electronically.
Logan-Anderson, Gulf Coastal Realtors is located in Gulfport, MS dead center on the Mississippi Gulf Coast. We love to help anyone buying or selling a home. Our specialty is working with people who are escaping high-cost states. Life can be a beach on the Mississippi Gulf Coast.
To make this as brief as possible, please listen to our podcast below and stick around on our website. Click here to hit the home page and start searching for your dream home. We suggest that you enter your email address and name to sign in. This will allow you to save your searches.
Health benefits of living on the coast
Lots of people move to Florida, Texas, and other places. They are all looking for beach life. The best thing about the Mississippi Gulf Coast is that it is not crowded. We have largely avoided the crush of people leaving high-cost states. Our ocean waves may not be as high as in other places but the water is warm.
Our well water is naturally soft. This means your skin will not wither as it does in some other states in the West. Medical care is offered at a reasonable price compared to high-cost states.
Frankly, your state of mind will improve. I simply can't recall any riots at the Mardi Gras parades. If you call throwing beads out, well then perhaps.
If you want to live by the beach
Yes, there are homes on the beach for sale. What we mean by on the beach is generally that houses are built on the Northside of U.S. 90, Beach Blvd. The great thing about our beaches is that building is largely prohibited on the sand.
This means an unobstructed ocean view if you own a home on the highway. There are lots to build on if you want a custom home. An example, you can build as of this writing a custom home for under $425,000 within 250' of the beach. You may not have a view but you can walk there in a few minutes. Stand on the beautiful beach and admire the sunset. This is real life.
Want to live on a Bayou?
We can find a home on a bay, river, or bayou for you. These peaceful locations often have docks. If you don't have a boat, get one and join a community of boaters. These homes vary in price but are still a tremendous discount over similar properties in California, Illinois, New York, etc. The entire coastal area is beautiful.
Retired, former military?
Do we have a deal for you? Two military bases are located here. Commissary and exchange privileges are extended to retired and active military. We love veterans. There is a VA hospital and loads of benefits for vets, retired vets, and active duty.
If you are retired and over age 65, you get a big discount on property taxes. And the benefits for retired people do not end there. Try paying less at many restaurants.
Our restaurants are worth a visit
if you want to have a good time visit one of our restaurants located on the beach or bayou. Order crawfish or fresh shrimp. If this is your first time here, try a crawfish boil. Our crabs and shrimp in lots of dishes are a beautiful thing.
Please contact us
You can call us at 228-215-3234 or email us at connect@loganandersonllc.com. You can also leave us a message on our website by clicking here LoganAndersonllc.com
Do not hesitate. We can help you with financing, insurance, and home inspections using our resources. Consider moving here full-time or buying a vacation home. If you want to rent your vacation home when you are not here check out ChristiesGulfBeachRentals.com.
Before you apply for a mortgage loan, you need to read this article. We have included the 12 best tips to qualify for a mortgage loan now. Mortgage requirements are almost universal. Understand that the firm that provides the initial loan will probably sell it.
Before the initial lender can sell your loan, it must meet specific requirements. At a minimum, you will learn 12 valuable tips to help you obtain a loan. These tips will help you facilitate getting the loan in the shortest possible time.
Your loan broker or banker will gather your information and submit it to an underwriter. This person will investigate what you have provided. Provide accurate information, don't guess.
Tip 1: Preparation
At least six months before applying for a loan pre-approval which is the first step in the process, obtain your credit report. You can obtain the report from various sources at no charge including once per year from the government website: Annual Credit Report
You need all three reports: Expedia, Transunion, and Equifax. Each bureau has its system for reporting. Review each item on the report. Check off any items that are not yours.
If there is a bad debt or late item and they are accurate, those are there to stay. Focus on inaccurate things. My name is the same as my father's so we often had each other's items.
If it's not yours, you will contact the bureau and tell them the story. List addresses on the report. Indicate what they mean. The purpose here is t determine that you do not own any of those properties.
Cleaning up your report
Now that you have created a list of addresses and names, get these issues fixed with the bureaus. Don't waste any time doing this. In most cases, the bureau will not remove your misspelled name or even the addresses.
Explain in your letter to the bureaus why the items are not yours or are correct. Do not contest things that are accurate even if you would like to see them gone. Contesting things will stay in the report for a while and you will have to explain them.
It would be good to obtain a copy of your FICO scores as well. You can obtain a copy of your FICO score for a fee by clicking here:
You will not know which score your lender will use until you apply but knowing your score before you meet the broker will help. Your loan broker may be able to help you improve your score.
Tip 2: Pursue credit report corrections
You may need to send several letters, the process is not easy. Don't expect them to remove accurate items. The reason why this is listed as a tip separate from tip 1 is because of the time to send, receive, respond, resend, etc. Since COVID everything is slow.
Retain your final answers, you may need to provide them or explain them in a letter. Create a letter to the lender and address wrong addresses and name misspellings. Address an address where you have never lived like this: "123 Main Street - My office address, never owned or lived there".
Women who were married and used other names will be required to submit proof of divorce. List this in your letter: "Married to Sam Jones, divorced on 1/1/20 at City of Smithville Court." If you retained your maiden name after the divorce it will be included in the documents and should be prepared to provide that.
Go to our website to see Tips 3-13
We are ready at Logan-Anderson, Gulf Coastal Realtors to help you find that perfect home. Use our website to search. Sign in so you can save your searches. Send us a note, call, or text when you are ready to talk about properties.
Logan-Anderson, Gulf Coastal Realtors sponsors Gulf Life Now. This podcast informs the listeners who we are, what we do, and how we can serve you. As Real Estate Agents on the Mississippi Gulf Coast, we strive to serve our clients with the latest technology such as this podcast.
This podcast explains our experience and what we offer to our clients. Please listen and visit our website at LoganAndersonllc.com
Everyone should have a professional support team on standby. Your team includes CPA, attorney, insurance broker, real estate agent, and others from whom you can obtain professional advice. Life happens and when it does, you should be prepared.
Perhaps you have a relationship with a family law attorney but have no relationship with an Insurance broker. Don't wait until you need someone for an important service before you seek out the best person for the job.
Everyone needs a family law attorney at some point in their lives. Family lawyers prepare wills and trusts which most people should have. If you get into trouble such as being involved in a traffic accident and are sued, this person can help you find an attorney who specializes in that type of law. Your family attorney can be a great source of information about many things and refer you to other attorneys.
Research your professional now
Why wait to assemble your professional team. Start asking friends and others for recommendations. Research your prospective choice. Interview that individual in person. If you believe that you click meaning you can get along and value their advice, sign up with them. An attorney may ask for a small retainer to legally list you as a client.
If you have been using a tax preparer and your tax situation has become more complicated with a trust, in; inheritance or even starting a business, time to move to a CPA. The CPA can help you with not only your tax return but a wide variety of financial advice as well. This person can help you plan for tax issues before they occur.
Your insurance broker is an important person as well. Every year you have insurance for your vehicles, house, RV, and perhaps health and life insurance. Get to know a broker with skills who can navigate the details and produce policies that meet your needs and are the most affordable.
Why include a real estate agent?
We as real estate agents can and do provide a great deal of assistance to our friends and clients. Being in this business is not just about selling houses and property. It's about providing a service to our community. The very best agents are focused on their clients and neighbors. Even when there is no money to be made, we are there to help.
Many people wait until they want to sell their home or buy a home before they contact an agent. Your agent should be in contact with you at least through a newsletter or outreach after the sale. This reoccurring contact opens the door for you to ask about the value of your house.
People need to know where they stand on their real estate investment (home) for a variety of reasons including estate planning. So many people decide to sell their homes without much notice. This happens due to many reasons, financial difficulty, death in the family, the job being relocated, etc. Why wait until you are desperate to sell before you call an agent. You already have an agent remember? Call your agent.
The concept here is simple. Assemble your team before you need them. What happens if your home is involved in a hurricane? Do you know who to call? You are arrested in a bar because the police thought you were part of a fight, you can call your attorney. Be prepared for those things that life throws at us. Even if you are young and do not think you have much to protect, you are wrong. Everyone needs a professional team.
If you have already assembled your team and have recently relocated, time to consider rebuilding it locally.
Logan-Anderson, Gulf Coastal Realtors would like to be your real estate agent member of your support team. Please reach out to us on this website or call us. Thank you for visiting our site and reading this and other blog articles.
PODCAST BELOW
Many people come to the Mississippi Gulf Coast for the beaches and casinos. While these are great reasons to visit or move here, there is more. Today, I was invited to one of the many ranches located about 20 miles north of the beach. The experience was memorable.
While I was there, I watched a cow give birth to a calf. What a sight. I drove around with my friend on their side-by-side going from one pasture to another. It seems that almost every cow has a calf following mama around. This time of year Angus cows gives birth to a single calf.
The setting was beautiful. Tallgrass with stands of trees here and there. The property is a few thousand acres of grassland, forest, and lakes. The lakes are full of fish which provides food for the many birds and geese who frequent the area.
The photo above shows cattle including adults and calves. I was told that a cow will have their first calf at just two years old. Every year each cow can have one calf. This ranch sells the calves every year a few months after they are born. The calves go to a feedlot where they are raised to adults.
During my visit, I watched as two cows (steers are males) chase each other around. One cow had a large branch twisted up in its tail. That swinging tail with branch was enough to annoy another cow so they were in a pushing match.
The ranch raises longhorn cattle as well. The photo below shows how different these cows are from each other. Longhorns have to guess what? Longhorns. The owners don't raise the longhorns to sell, they are pets. Each has a name including the newborn calves.
This ranch is one of many located in one of the three counties that form the Mississippi Gulf Coast. You can go from the beautiful beach and in a few minutes hanging out with cattle. The property that this ranch is located on was once a thick mostly pine forest. The trees were harvested for lumber and the stumps removed.
Ranches here tend to be small by Western standards. Most of the feed comes from the ranch. They allow the cows to feed on the lush grass during most of the year. They will close off some pastures and grow hay for the winter when the grass is dormant.
While this ranch does not have a "certified" organic certificate for the cattle they sell, the cows are raised as mentioned almost entirely from the grass here. Cattle are given minerals and other supplements to help keep them healthy.
When you plan to visit the Mississippi Gulf Coast or even if you live here and did not know this beauty exists, just head north on any of the state's highways or rural roads. You will drive by some of the most beautiful scenery in the country. It's great to visit the beaches and enjoy the sun but when you are sunburned and need a break, take a drive.
Visit our blog site again. Listen to our podcasts that accompany some of our blog articles. You can listen to us as Gulf Life Now on any popular podcast platform or click below to listen to this companion podcast.
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Gulf Life Now is a service of Logan-Anderson, Gulf Coastal Realtors. This podcast explores who we are and how we can be of service to you.
As Real Estate Brokers located on the Mississippi Gulf Coast, Logan-Anderson, Gulf Coastal Realtors can help you find that retirement home. When it's time to move up from that two-bedroom home to a three or four-bedroom house with a yard, we can help.
We are a small brokerage with decades of expertise in all aspects of real estate. We use the latest marketing methods to create most of our blog articles. Our original articles are timely and contain our personal experiences.
Visit our website for more blog articles, podcast and to look at available houses on the Mississippi Gulf Coast. LoganAndersonLLC.com
You just received a notice from your mortgage company that your payment will increase by $300 per month. Why, what does this mean? Should I pay the shortage now or overtime? What is a shortage anyway?
New buyers may just be receiving their first escrow analysis and don't understand how the mortgage company calculates their payment. Shortages in the escrow account can be handled in various ways, we provide some suggestions here.
This podcast explains what an escrow analysis is and how it works. Please visit our website to learn more about this and similar topics. LoganAndersonllc.com
Compare a 1954 build 1,344 sq ft tract house in Garden Grove, CA to a 2022 built 1,992 sq ft house in Ocean Springs, MS. The Garden Grove house just sold for $920,000. The Ocean Springs house is available at $235,000 (est). Save 72% on housing, move to the Mississippi Gulf Coast Now while this property is available.
There are more things to compare than just price. How about the fact that the Ocean Springs house is new and larger by 648 square feet. These homes are built-in developments with similar-sized lots. Both homes have access to beaches, the Ocean Springs house is closer.
Both homes are located near shopping and restaurants. Children attend class in person in Ocean Springs and have done so all but a few weeks at the start of COVID.
The difference in house prices is so large that you could buy two houses in Ocean Springs with money left over for the price of the Garden Grove house. Many people in Orange County and other high-cost states have so much equity in their homes that they could come to Ocean Springs and pay cash for their new home and live on the remainder.
I know, I lived in California where people consider all of that equity in their homes. If you sell your home you need to buy another and if it's in the same area, what's the point. Other homes will cost more. This is your chance to make a lifestyle change. Let's assume that you have at least $200,000 equity in your $950,000 valued home.
Buy the home discussed above by putting down 20% of the cost, a total of $47,000. The total required to close including closing costs is about $53,000 (the seller may offer assistance). Remember you have $200,000 after selling your California home. That leaves $147,000 to invest for future income.
Monthly payment compared
Your principal and interest payment on a current balance of about $693,000 on your California home are about $2,921. Add insurance of about $125 per month and taxes (1.1% of value) $600 per month. The total payment is about $3,646.
The P&I for your new home is $898 per month, add taxes and insurance $490 per month and your total payment would be about $1,388 per month. A savings of $2,258 per month, and $27.096 per year.
Don't forget the income (remainder after deducting buying costs from your $200,000 profit on your Garden Grove house) on your $147,000 @ 10% interest about $1.025 per month. Now add your house savings of $2,558 and your investment income of $1,225 for a total turnaround from your current situation of $3,783. Just a bit more than you are currently paying for your Garden Grove mortgage.
Inflation is taking a toll on everyone. Prices are rising for everything. House prices are not immune as building costs have increased. A brewing problem in California is that prices have gone up so much so fast that incomes have not been able to keep up. The day of adjustments is coming.
I was living in Southern California during the last housing downturn. The reasons are different this time, no liar loans or sub-prime loans. Homeowners in high-cost areas are nearing a tipping point on pricing. Mississippi Gulf Coast pricing has gone up as well but not at the same rate as California. The area has a shortage of properties as does California.
Should you consider a change, you should do so soon, very soon. Of course, the house you live in will be the same when it's worth 20% less but if you decide to move in a few years you will have less leverage.
Please visit the LoganAndersonllc.com website to read more about this topic. Photos and links are available on our blog page with the same title.
Unlike the crowded beaches of Florida and Alabama, come to the Mississippi Gulf Coast and rent a vacation house. Warm temperatures compared to northern states, generally clear skies, and miles of beaches.
Go fishing, wakeboarding, parasailing, or just hang out at the fire pit with friends at the beach. We have 12 casinos to provide entertainment and great food. The lines at restaurants are shorter than at other beach destinations. We have little traffic so you won't spend your vacation stuck in traffic.
What COVID? No place of business requires masks. Beaches are open 24/7. Plan ahead for your spring break along the Mississippi Gulf Coast at one of many vacation rental properties.
Please read more about the Mississippi Gulf Coast on our website: LoganAndersonllc.com
A most often asked question is, "should I pay off my mortgage before I retire?" or at retirement or just after I retire. Let's talk about financial security through the use of other people's money, specifically your mortgage. "OPM", is the term used by many to describe "credit". A dirty word for many including Dave Ramsey.
Our focus here is primarily on your mortgage and why you may or may not want to pay it off before, at, or after retirement. The discussion includes credit in general and why it's a good thing if managed properly.
Please go to LoganAndersonllc.com to read more about this and other topics at Logan-Anderson, Gulf Coastal Realtors website.
This question "Is Ocean Springs, Mississippi a good place to live?" is asked with some frequency on Google. My experience having relocated from California is a resounding "YES". There are so many great qualities to this small city on the Mississippi Gulf Coast, It's hard to know where to begin. For this reason, I have created a podcast to explain in my own voice why Ocean Springs is a good place to live.
I have written about the Mississippi Gulf Coast on RetireCoast.Com many times. Please read our blog articles on the topic and listen to more of our podcasts. Try this article "Why I decided to retire in Ocean Springs Mississippi".
I just retired, my income dropped, I want to buy a house now and I have good credit. Good credit is not enough. You may not qualify on the ratio issue, your total income from retirement is not more than 50% of your monthly obligations. This "ratio" thing gets many people who otherwise are good credit risks.
This podcast explains a potential work around of the debt-to-income ratio issue. At the same time as it may be a solution, it can be a great benefit.
Gulf Life Now is a service of Logan-Anderson, Gulf Coastal Realtors located on the Mississippi
Gulf Coast. Please visit our website for more podcasts and blog articles about this and similar topics. LoganAndersonLLC.Com
2018 happened! Revisions to the tax law reduced the amount of taxes you have to pay resulting in a reduction in the amount deducted from your paycheck. Our podcast covers the changes and how they continue to have a positive effect on most Americans.
Logan-Anderson, Gulf Coastal Realtors is pleased to present this podcast. Please visit our website for more podcasts and blog articles about real estate, finances, and our beautiful Mississippi Gulf Coast.
People should enjoy their life taking advantage of opportunities to have fun. Life on the Mississippi Gulf Coast is vibrant. People attend events, fish, go boating, attend art shows, and more. There are activities all year along the Mississippi Gulf Coast which make life much more interesting. Something to look forward to, a reason to leave the house.
Logan-Anderson, Gulf Coastal Realtors is the sponsor of this Podcast. If you want to LIVE somewhere and have fun, the Mississippi Gulf Coast is the place to be. Logan-Anderson can help you find a new home in the most affordable state in the U.S.
You are considering buying an investment property. Perhaps a residential rental house. It looks simple but the most successful investors know there are some complexities. Learning how to invest in residential rental and other income properties is critical to your success. This podcast covers the essentials to give you a start.
Our website contains some blog articles and we recommend that you visit the Keyladder.com website for some in-depth articles about the various elements involved in successful investing.
William Anderson is a real estate investment expert, he has invested in dozens of properties in several states. Mr. Anderson is a Real Estate Broker and partner in Logan-Anderson, Gulf Coastal Realtors on the Mississippi Gulf Coast. Contact him at 228-215-3234 or connect@loganandersonllc.com.
PMI was created for the lender's benefit, not yours. The second is that your property achieves more than 20% equity through appreciation or principal payments get rid of it. This podcast discusses PMI and MIP insurance for both Conventional and FHA mortgages.
UPDATE: Please follow me through the process to remove PMI from a property. It's been a challenge and not a simple thing to do. As we go through the process, we will update this podcast.
Visit our website LoganAndersonllc.com to read our blog articles on this topic and others.