Tony Casmirri's (tonycasmirri) Blog

Look At These Numbers! In practice, it works like this. Let's say your family income is $70,000 and you pay $1200 in rent. If you buy a home for $240,000 with 20% down, your payment might be $1558 a month. Don't get upset about the 20% for now, just follow me here for the sake of discussion. The ...

But I Can't Afford A Home! Let's say you'd like to buy a home of your own, but think you can't afford to do it. I would say just the opposite - that you can't afford not to do it. Let's see if I can make it easier for you to swallow. The government doesn't want you to pay rent your whole life and...

Become A Millionaire So how do you become a millionaire? Buy a house for $250,000 and pay it off in 20.6 years and you'll be one. How? In 10.3 years the house will be worth $500,000 and in another 10.3 years it'll be a million. Oh, you haven't paid off the loan yet? That's right, you still owe ar...

The Rule of 72 The Rule Of 72 Now might be a good time to bring up the "rule of 72". This rule tells you how long it takes your money to double at a given interest rate. For example, if the interest rate were 5%, it would take 72/5, or 14.4 years for your money to double. Did you know that home p...

How To Stop Paying RentAs you know, renting has two big problems - the rent can go up, and you don't have anything to show for it except a pile of rent receipts. Me, I like knowing that every month I'm $50 or $100 richer, no matter what. That doesn't sound like much, but if you saw a $100 bill ly...

Why Do You Need an Inspection? Why Do You Need an Inspection? An inspection is an opportunity to have an expert give you an oral and written report as to the condition of the property you are purchasing. After researching recent sales in the area, you decide that 30 year old home for $180,000 is ...

How to Use Contingencies How to Use ContingenciesEveryone is familiar with the conversation where the other person says, "Yes, but.." This person is agreeing with you but only if certain conditions are met. A purchase agreement is similar in that you are agreeing to buy a property subject to cert...

Counter-Offer Strategies with Tony Casmirri.The art of the deal is negotiating. The goal, when you're countering a buyer's offer, is to get the highest price and best terms possible. Once you reject the initial offer, you must decide how much to counter. The answer is easy when the market is hot....

Limit the Deadline to Your Advantage with Tony Casmirri.When it comes to real estate contracts, time is of the essence. In many cases, placing time constraints on your offer can often work to your advantage. If you've ever seen a telethon fund-raiser, you would notice that over 90 percent of the ...

FEW POINTS ABOUT INTEREST RATES! Let Tony Casmirri advise you on interest rates.Less is more If you're new to investing or real estate and don't know the first thing about interest rates, here's a good tip: the higher the interest rate, the more expensive it's going to be. High interest rates mea...