Financial Literacy

Buying a home isn’t for everyone. Homeownership makes more sense in some professions than others, and it usually isn’t advisable to buy a home unless you’re planning to stay in your city or geography for at least a few years. But for young professionals with stable jobs, starting a family, or planning to live in the same area for a while, a house is more than just another appreciating asset. A house is an important part of your net worth, a stronghold against financial risk, a source of passive income, and a financial milestone worth being proud of.

Real estate investment trusts (REITs) are companies that own or finance real estate assets, and make ownership shares available to investors. In order to hold the classification as such, REITs are are required by US law to distribute at least 90% of their taxable income as shareholder dividends.

All right folks, it’s that time again. Go ahead and grab some popcorn and a beverage, get some friends together, and sit back for another showdown of epic proportions with this week’s episode of Birgo Battles. Today’s contest features two familiar characters, each of which are beloved by their devoted fan bases. We’re talking about the classic residential real estate investor’s conundrum: single-family vs. multifamily. It’s an age-old debate, and while both of our contestants have merit, in life there are winners and losers. Today we’re going to look them up and down, side by side, and determine who we’re voting off the island… and who we’re going to keep on the squad.

As a real estate agent, investor, or someone who works in the real estate industry, it’s important to keep up-to-date with the latest industry news and trends. With there now being over 850,000 active podcasts, it can be difficult figuring out which ones are worth your time. We’ve listed some of the most popular podcasts with the Birgo Realty team. From real estate investing to marketing, we mention a slew of podcasts we think you’ll enjoy listening to.

At Birgo Capital, we know that an understanding of cap rates is essential. For new investors in real estate, picking the right property to start an investment portfolio can be a daunting task. After all, purchasing an investment property is no small feat. Any time you’re putting your money on the line, it’s important to make an informed decision.

You’ve just moved all of your sweaters, dishes, electronics, and (mostly) useless sentimental gifts from your grandma into your new apartment. Surely, they survived the most dangerous part of their lives in the back of that moving van, and you don’t have to worry about them anymore, right? If anything should happen, your belongings are covered by your new landlord’s insurance, right?

Our team is looking forward to volunteering at Makes Cents 2019, a financial literacy event geared towards high school students. This is the first year that the event is being organized by Mission C, Go Realty’s non-profit partner. In past years, Makes Cents was organized by the Global Shapers community hub in Pittsburgh.

Is there a good answer to this question? We know a common belief – buy your home because you’ll pay it off over time, and in 30 years, you’ll have something to show for it. Renting is just throwing your money away, right?

Andrew Reichert recently spoke at the Pittsburgh Soccer’s Financial Management event and talked with the attendants about personal finance, living on a budget, paying off debt and planning for the future.

Buying a property is a major decision. Whether you are an aspiring home owner looking to buy that perfect dream house or a real estate developer looking for your next big project, buying a property needs careful considerations. Before you take the plunge, do your homework. A big investment like a property needs to be thoroughly investigated to save you the heartache, financial woes, and legal issues at a later stage.

We recently facilitated Makes Cents Financial Literacy event through Mission Commision, in a partnership with University of Pittsburgh, Global Shapers Initiative, and other partners.