Residential real estate is the single largest physical asset class. In the U.S. alone, the aggregate value of houses exceeds $45 trillion. As such, this sector attracts investors and entrepreneurs alike and spurs a huge ecosystem.
Yearly transactions are measured in the trillions, and with such staggering amounts at play, one is reminded of the apocryphal story of bank robber Willie Sutton. Upon being asked why he robbed banks, he said, “Because that’s where the money is.” The money is in real estate — for sure.
This statement is certainly a truism but it’s worth examining the matter with more nuance. Questions worth posing include:
Who is investing in real estate?
What is the position of the ordinary family in this sector?
Are houses affordable for most Americans?
Who benefits the most from the rise in real estate prices?
Answering the questions
The National Association of Realtors (NAR) predicts that approximately 4.8 million homes will be bought in 2023. Of that share, institutional investors are likely to purchase about 20%. This number is brought into bold relief when we consider that the U.S. is “short” circa 5 million housing units — both single and multi-family units.
Add this to another double-whammy, housing prices are near historic highs in the U.S. and mortgage interest rates have doubled over the last 18 months. This situation creates an impossible burden for tens of millions of American families.
When considering all of these facts, there are three straightforward conclusions to be drawn:
1. There are vested interests in creating the crisis of permanent renting. Today, 45 million American families rent their homes.
2. Capital talks. The “activation” capital that people need to become homeowners eludes tens of millions of American families while flush institutions can buy entire neighborhoods and convert them into rentals.
3. A large portion of these renters could become homeowners with just a little nudge. This is borne out by the fact that 45% of renters spend 30%+ of their gross household income on rent. With the right methodologies, that money could be spent on a mortgage.
What all of this comes down to is, you guessed it, capital. The crisis is so deep that it affects even families that would be considered well-off by otherwise sensible standards. In some markets like San Francisco, San Jose, Seattle, Boston and New York, even families with incomes upward of $200,000 per year have a hard time achieving homeownership. Mind you, these lofty numbers apply to only 7% of all households.
The crisis is not only about affordable housing but about housing affordability
Real estate has two mantras: “location, location, location” and “money, money, money.” Capital, however, does not live in isolation from other factors. It’s a major disservice not to discuss other valences that have brought us to where we are today with regard to housing. The most decisive parameter is race, which cannot be seen as discrete from class. Rather, they are intertwined in powerful ways.
In the U.S. today, approximately 65% of people live in houses they own. The Non-Hispanic, white homeownership rate is 73.3% while the rate for Black households is 42%. The average household income for the former group is $75,000 while for the latter it is $51,000.
Given the low rates of homeownership and income disparities coupled with the fact that home equity is the main source of generational wealth transfer for most families, historical trends weigh heavily on the present. This is not simply a product of individual bias. Redlining and “housing racism” has been enshrined in the law for the entire history of this country.
Wealth disparities are hard enough to overcome, but disparity combined with an abetting ideology creates a boundary that appears to be insuperable.
Houston, we have a problem
To extend the NASA analogy, societies are known to make moon shots and are often taken, even kicking and screaming, into a new reality. That reality requires a new paradigm of capital.
Let’s call this new paradigm “Community Capital” while the traditional/ incumbent I’ll label as “Wall Street Capital.” The latter category should be understood as a partnership between institutional money and government agencies. So what is the difference between the two? Community Capital can be seen as a form of altruism or as a form of long-term, sustainable business with positive externalities.
These externalities include both those realized at the personal or family level and also those realized on a societal level. Strong communities with economic and social “happiness” tend to be healthier, safer, more democratic and better at problem solving. These factors benefit everyone, including those who ordinarily are on top of the hierarchy. In this way, housing inequality is like air pollution — it is toxic for everyone.
Community Capital can be the wave of the present and the harbinger of a positive future. Housing is one sector that can benefit from this paradigm. No doubt, others can as well, like healthcare.
This is a clarion call for a new paradigm whose time has come. Some companies have answered the call, but voices in the wilderness need amplification.
This piece was originally published in the June/July issue of HousingWire Magazine. To read the full issue, click here.
Romi Mahajan is the president of KKM group and adviser to Rook Capital.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
It is no secret that the internet is changing how money is made forever.
This has caused a boom in many businesses and people the ability to make money online, which is a huge benefit for you!
This trend will only continue as technology improves. If it feels daunting to jump onto this new bandwagon right now, don’t worry; we have some tips that can help you double your 10k in the next few weeks or years.
I am going to show you how to double your money so that you can retire early, pay off debt and invest in the stock market.
A lot of people would say this is impossible, but I’m not just showing it–I’m proving it!
We all have said it takes money to make money and while that is true. It is easy to start doubling your money with just $10K.
What if, right now, you decided to double your 10K by the end of the year? Maybe, you want to hit a major goal and make a huge change in only 8 short weeks?
Making money is not a difficult task. Too often, people become impatient and think that they can simply make money without putting in the effort. This is not true.
Cash is a tool and nothing more. Once you understand this concept, you can begin to figure out how to make more money. Additionally, it’s important to appreciate that it takes time to make money – don’t expect to become a millionaire overnight.
Here is a realistic guide to help you work towards that goal.
Be sure to decide which strategic way to double $10k quickly works best for your personality.
The 10K of your dreams seems impossible.
How can I double $10000 fast?
There is no one-size-fits-all answer to this question, as the best way to double your money will vary depending on your individual circumstances and goals. However, some general tips include developing a growth mindset around money, finding ways to make more money, and investing in yourself and your skills.
Keep in mind that $10,000 is not a lot of money to double in a short period of time.
How long does it take to double 10k?
The answer to this question is dependent on a number of factors.
The most important factor is the amount of time it takes for your investments to double.
If you are investing in stocks, you can quickly double 10K with an options contract within 2-3 days. If you are looking at other avenues, it will depend on how you choose to double your money.
Typically, people start seeing results in approximately 4 to 6 months to double 10k.
If your eyes are set on this, then make sure to write down one of the millionaire quotes for motivation.
What to do with 10k?
Now that you’ve earned an extra 10k, you may be wondering what to do with it.
You could save it, spend it, or invest it, but there are a few other things you could do as well.
Here are some ideas on how to make the most of your money and grow it even more.
How can I Double my Money?
There are many ways you can double your money in a short amount of time.
I am passionate about exploring the best ways to make money online. In this article, I will share some tips on how you can double your money relatively quickly. However, please keep in mind that these are general ideas to get you started.
Specifically How to Double 10k Quickly?
If you are serious about how to double your 10k fast, you will need to dedicate time on a regular basis to the tasks needed to reach your ambition. The key is to do it daily in order to keep the momentum of your progress going.
Earning money is a mindset.
To double 10k quickly, learn how to change your mindset about money.
Although doubling $10,000 may seem difficult, it can be done with the right approach.
If you have $10,000 and want to double it within a month or a few months, here are a few realistic strategies to help you reach your goal.
Idea #1 – Swing Trading with Stocks
Swing trading is a technique that allows investors to hold onto stocks for a period of time, typically two to four days. During this time, the trader watches for specific price patterns and buys or sells shares based on their analysis.
One former assistant principal, Teri Ijeoma, changed her life when she left her job as an educator and become an active trader.
Check out: My Personal Trade and Travel Review
This type of trading can be very profitable if done correctly, as it allows the trader to make twice their investment in a short amount of time.
The key is you must learn how to invest in stocks for beginners. This is one step many people overlook when they are focused on doubling their money. Either you will get lucky or you will have a huge loss. Take time and become educated on swing trading stocks.
Related Reading: How Fast Can You Make Money in Stocks?
Idea # 2- Cryptocurrencies
Cryptocurrency is a digital or virtual asset that uses cryptography for secure transactions. Cryptocurrencies are growing in popularity and may become a major part of society. Bitcoin, the first and most well-known cryptocurrency, has seen its value skyrocket in recent years.
Cryptocurrencies are often unstable because they are not regulated by any government or financial institution, and thus their value can change rapidly. However, the potential for reward is high, making cryptocurrency an attractive investment option. Because of this, cryptocurrency investments are often seen as riskier than traditional investments, but also have the potential for greater returns.
Before investing in cryptocurrency, do your research and be sure you understand the risks involved. There are many educational resources available to help you get started.
Idea # 3 – Flip Items for a Profit
Retail arbitrage is a practice where an individual or company purchases a popular product at a discounted price and then resells it for profit at another online retailer. This can be done on marketplaces like Craigslist, eBay, and Facebook Marketplace.
This is a great way to make some extra money on the side. You need some time and a willingness to invest, but if you find the right deals, you can make a good return on your investment.
Many people have great success by flipping items from auctions, free groups, or local goodwill store.
Check Out: Flea Market Flipping
Idea #4 –Resell Products on Amazon FBA
Amazon FBA is a service for independent entrepreneurs who want to start their own e-commerce business. They can offer products on Amazon and work with Amazon directly to fulfill orders, collect payments, and provide customer service. By doing this, they don’t have to worry about the inventory and can focus on other aspects of their business.
This is another avenue for selling your flipping treasures.
There are a few ways to make money through reselling products. You can either find products to sell on Amazon or Ebay, or you can dropship products from a supplier. If you want to find your own products to sell, you’ll need to do some research on what is selling well and what prices are competitive. If you want to dropship, you’ll need to find a supplier and create an account with them.
Idea #5 – Start a Business or Invest in a Franchise Company
Starting a business is not easy. It requires a lot of work and effort, but if you’re willing to put in the time and effort it can be very rewarding.
Starting your own business is one of the most difficult things you can do, but it’s also one of the most rewarding. There are many different businesses you can start that have low overhead costs, so it’s a great way to get started.
Think of the things you enjoy doing or any hobbies you have. Look for business opportunities that line up with your interests. Then, it makes working much easier.
Here are great ways to make money on the side:
It is possible to make more money on your business than you make more money in your current job or career.
Idea # 6 – Real Estate Portfolio
Real estate is a recession-proof business.
There will always be people who need to rent or buy dwellings in boom or bust economic times.
Real estate can be a lucrative investment, but it is not without risk. A lot of people have invested in real estate and lost money, but an investor who does their research and finds a good deal can make a lot of money.
Idea # 7 – Increase Your Income
If you’re not happy with your current income, don’t worry! You can increase it this year.
This is the year that many experts are predicting will see the biggest wage growth in years. So start planning now and you could see a significant increase in your take-home pay.
More than likely, this could be your seed money of $10k to fund the start to doubling your money and making $20k.
Related Reading: How Much Do I Make Per Year?
Idea #8 – Advertise and Gain Clients
If you are a small business owner, then this one is for you. Start advertising as a way to gain more customers.
There are a number of ways to make your services more accessible and appealing to potential clients. One way is to spend money on promotions and advertising. Advertising can be effective in reaching your goals, surpassing your double your money goal of $20,000 in revenue.
There is no doubt that advertising your services will increase the number of customers you have. The more people who know about your business, the more likely they are to use it. And as we all know, the more customers you have, the quicker you earn more money.
It’s a simple equation: More customers equals more money.
Idea # 9 – Invest in Stock Market – ETFs & Index Funds
Investing in the stock market is a process that requires careful consideration and research. Index funds have become an increasingly popular investment option for many investors. ETFs are known as Exchange Traded Funds, which are also a popular investment option.
Both index funds and ETFs provide investors with the ability to invest in a diverse range of stocks, making them ideal for any investor who is looking to diversify their portfolio.
Investing in an index fund is one of the best ways to build wealth over time.
This is probably the slowest way to make money quickly in the stock market, but it comes with less risk.
With a mutual fund, you are essentially investing in many different stocks, which means that you get to choose how much your investments grow each day. This can be a great way to ensure that your money is working for you – and growing – even when you’re not able to actively monitor it yourself.
Just to know, investing in bonds will eventually double your money, but it will take more time as the rate of return is less.
Idea #10 – Start a Mining Farm
Cryptocurrency mining is a process by which new coins are introduced into the market. In order to do this, miners use computers to solve complex mathematical problems in order to receive rewards in the form of new coins. A cryptocurrency mining farm is a way to pool together multiple computers in order to increase the chances of solving these problems and receiving rewards.
Starting a mining farm is a process of investing in cryptocurrency or blockchain technology.
Mining farms can be started with as little as $500, and they are commonly used to mine cryptocurrencies like Bitcoin, Ethereum, and ZCash. Although the process of mining cryptocurrency is not always easy, it can be lucrative for those who invest in the process.
Starting a cryptocurrency mining farm can be lucrative, but it’s important to do your research first. The farm will require a lot of power and will have a rate of return of around 18% (source).
Idea #11 – Share Cash with P2P Loans
Peer-to-peer lending is the act of lending money to borrowers through a P2P lending website. These websites act as an intermediary between lenders and borrowers, and most sites allow you to lend money to a dozen or two applicants. The interest rate you earn on your loan depends on the P2P website you register with, but it typically falls between 3% and 36%.
When considering a P2P loan, it is important to remember that you are entrusting your money to a stranger. Because of this, it is crucial to take the time to review and assess as many applicants as possible in order to find someone who you feel is most likely to pay back their loan.
P2P loans can be arranged without any collateral or credit check.
Idea #12 – Buy Initial Public Offerings
When a company decides to go public, it sells shares of its stock to the public. This is a way for the company to get more money, and it also allows people who invest in the company early on to make a lot of money if the stock prices rise.
The share price of a company can be very volatile when it first goes public. This can lead to significant growth for the company as investors buy and sell shares rapidly. However, this volatility can also lead to losses if the share price falls abruptly.
You must know the underlying stock value before looking at IPOs as a way to double your money. Many current stockholders are required to hold their stocks for a certain number of days after the IPO. Typically, the stock price falls after the hold period expires.
Idea #13 – Make Money with Airbnb
There are a number of ways to make extra money, and renting out a room at Airbnb is one of them. You can also learn how to make money from home by becoming an Airbnb host.
By doing this, you can provide a valuable service to people who are looking for a place to stay, and you can also make some extra money on the side.
Learn how to start hosting with Airbnb today.
Idea #14 – Flip Some Furniture
Flip furniture is very trendy right now. There has been a recent resurgence in popularity for antique and vintage furniture, and people are buying pieces and restoring them themselves. This can be a great way to make additional money without spending a lot of money.
There are a number of ways to quickly turn a profit by flipping furniture.
Spend some time researching the best methods and finding a niche in the market that you can exploit. With a bit of hard work, you can easily double your investment in no time.
When you are looking for furniture to flip, it is important to do your research and become familiar with the different places you can find quality pieces at a low cost. Local antique stores will often have hidden treasures, so be sure to check them out. Additionally, watch for yard sale notices in your area; people are often willing to sell high-quality furniture at a fraction of the price. Finally, estate sales can be a great place to find unique furniture pieces that you can resell for a profit.
There are many ways to sell furniture, but when you are starting out, it is best to use popular platforms like Facebook Marketplace, NextDoor, Craigslist, and others. Once you have more experience, you may want to create a website and online storefront.
This can be a fun and lucrative way to grow your money.
Idea #15 – Pay Off Debt Strategy
This idea of getting out of debt may seem backward, but this is one of the fastest ways to find extra money in your budget.
There is no doubt that paying off your debt is one of the smartest things you can do for your financial future.
Not only does it reduce the amount of interest you are paying each month, but it also frees up more money to save and invest. Additionally, by paying off high-interest debt first, you are essentially making an investment with a very high return rate.
Once your debt is paid off, you can save your first $10000 which you can now use to quickly double to $20000. This will help you achieve your financial goals faster.
Idea #16 – Online Courses & Coaching Programs
Coaching is a huge business – reaching $11 billion in 2022 (source). People are actively searching for coaching and online courses for personal development.
Coaching programs are designed to provide guidance and support for individuals in order to improve their skills, knowledge, or habits. Coaching programs can take the form of one-on-one sessions or group sessions. Some coaching programs are designed for specific topics like career development, personal growth, or relationship issues.
If you don’t want to work one-on-one as a coach, you can create an online course that can be viewed at any time.
If you have passion, you can likely find people that want coaching.
Idea #17 – Buy a Fancy Car and Uber
You could buy a new, luxury car and become an Uber driver. This would allow you to make money while driving people around in your fancy car.
If you’re looking to make some extra money, driving a luxury car for Uber could be a great way to do it. Not only will you make more per trip, but you’ll also get to drive a nicer car. Keep in mind that if you drive full-time, you could easily double your $10,000 investment.
Driving a luxury car for Uber can get you up to 50% more fares. The extra money can be great for those looking to upgrade their lifestyle or simply want to make some extra cash on the side.
If you want to buy a fancy car and use it for Uber, make sure you have the appropriate insurance. This will protect you in case anything happens while driving.
Idea #18 – Learn a New Skill
A new skill can help to increase your income by allowing you to do things that you couldn’t do before. For example, learning how to code can allow you to start a new career in tech or programming.
Additionally, many skills have the potential to double your income quickly if you are able to find a way to use them in high-demand areas.
It is always a good idea to invest in learning new skills.
There are many places where you can learn, including online and in-person courses. The key to success is jumping in with both feet and really dedicating yourself to learning the skill set. Once you have it down, new opportunities for income will be available.
Idea #19 – Work More Overtime
Working overtime is a great way to earn extra money. You can earn up to double-time pay for working more than 8 hours in a day or 40 hours in a week.
Overtime is becoming more common, so be sure to ask your employer if you can work some extra hours.
In order to make $10,000 in one month from overtime, you would need to figure out how many extra hours per work you need to work.
Idea #20 – Some Gambling?
This is the RISKIEST option of all of them. And highly not recommended as a strategic way to double $10k quickly.
Gambling is a way to risk cash in the hopes of making more cash.
While it can be thrilling and exciting, it’s important to remember that gambling is also a form of entertainment that comes with risk. If you’re able to afford it, gambling can be a way to double your money- but be aware that you could also lose everything you put in.
What is the quickest way to double your money?
How to double your money quick is simple. You need to side hustle and start a business.
Also, the stock market is a simple way to double your money with the rule of 72.
Following billionaire morning routines can be helpful in setting up solid habits for success.
How can I double my money in 24 hours?
The answer to this question is simple… Doubling the money in 24 hours is not practical or doable. You might be able to double your money in 24 hours, but it’s also possible that you could lose everything in one day.
Pay attention to scams if you think you can double your money in 24 hours.
You are better off learning how to make 10k a month.
Which investments are the safest and which are the riskiest?
First of all, it depends on your education, experience, and background.
The best way for someone to double their income is by leveraging their time with the right strategies.
Investments that are considered safe are investments that have an average return on investment of about 8-12% per year. Investing in index funds and ETFs typically have a lower risk. Investing in individual stocks is riskier, but they have an average return on investment of about 10-75% per year.
The riskiest option is the idea that you don’t understand how to double your money and you could end up losing more money.
Best Way to Invest 10K
The best way to invest 10,000 is through stocks. Investing in stocks can be risky and make you lose money, but it also has a high potential for gaining value.
As such, this topic needs to be done in more depth to understand how investments in the stock market work. For now, here are some articles to start to understand the returns of stock investing.
Learn all of the ways you can learn how to invest 10k.
You must do your research on companies, know your risk tolerance, understand the volatility of the markets, and be wary of the news.
Which Strategic Ways on How to Double my Money Quickly will you Pick?
You can choose from many classic way and options, but here are a few that we think would be the most effective.
Thankfully, there are many ways to make money online. But when it comes to making a quick buck, which approach should you take?
In this post, we have outlined the 20 popular routes to double your $10k fast. Your retirement plan relies on your investment of 10k.
However, any of these options is a time-consuming process that takes a lot of hard work and dedication. So, you cannot quit halfway through when things get tough.
This is what you want to do in order to be financially secure and take care of all your needs.
Be successful in doubling your 10k by setting a deadline to make it happen.
Then, your next goal will be how to turn 10k into 100k.
Know someone else that needs this, too? Then, please share!!
The mortgage and real estate industry is no stranger to disruptors, especially over the past few years as scores of companies have tried to change the way we buy, sell, and obtain a home loan.
One of the latest examples is “Tomo,” a venture-backed fintech with some big-name founders and investors, including former Zillow employees Greg Schwartz, Carey Armstrong, and Spencer Rascoff.
What’s unique about this mortgage lender is they only originate home purchase loans. No refis. That means they’re completely committed to home buyers.
Like other lenders, they’re attempting to level the playing field between cash buyers and those who need a mortgage, an especially relevant concern in today’s ultra-competitive housing market.
Started by former Zillow executives Greg Schwartz and Carey Armstrong
Do not charge lender fees and offer both a low rate and closing guarantee
Will also pair you with a real estate agent for an additional mortgage rate discount
Tomo Exists Because Buying a Home Can Be Terrible
Tomo was created because purchasing a property can be a real pain in the neck, and instead of relying on old technologies, they’re going the digital route.
This means you can get started right from their website in minutes, whether by desktop computer or smartphone.
They’re also streamlining the process, simplifying how you can complete tasks, and throwing in a bunch of guarantees along the way.
It all starts with a mortgage pre-approval, which they break down into two options: verified and an underwritten pre-approval.
The verified pre-approval assesses your credit score, income, and debt, and turns around the paperwork in no more than three hours after they receive your information, without a hard pull.
The more robust underwritten pre-approval does all that with a hard credit check and a complete assessment by an underwriter, backed by their Closing Guarantee.
The second option takes about 24 hours to complete, once you’ve uploaded all your necessary documents.
Tomo commits to closing on time, and are confident they can do so by moving critical steps earlier in the process.
But if there is a delay on their end, they guarantee your closing date will not change.
It’s unclear what happens if they aren’t able to meet their obligations, but they appear to not let that be an issue.
The Tomo Price Match
While all that sounds good, there’s even more to like about Tomo when it comes to their pricing.
For one, they do not charge lender fees, similar to companies like Better Mortgage, Filo Mortgage, and PenFed Mortgage.
On top of that, they offer the Tomo Price Match if you happen to find a better mortgage rate elsewhere.
Just provide a valid, comparable Loan Estimate (LE) dated within one business day of submission to Tomo and they’ll lower their rate if need be to match it.
But they’re confident they can offer some of the lowest rates around because they’ve simplified the home loan process and made it more cost-efficient.
Speaking of mortgage rates, they’ve got them on full display on their website, so they’re not hiding anything.
Simply navigate to “Find your rate” and you’ll see a list of rates and corresponding costs (discount points) or rebates (lender credits).
You can also fine-tune the rates by entering in your borrower and property information for a more accurate gauge of pricing.
Tomo Brokerage Partner Agent
Speaking of pricing, to sweeten the deal even more, they’ll throw in a .125% (eighth) discount in mortgage rate if you use a Tomo Brokerage Partner Agent.
This is essentially their real estate referral network that pairs you with a local real estate agent, which makes a lot of sense because both Schwartz and Armstrong worked on Zillow’s Premier Agent product previously.
In truth, Tomo might be even more similar to Redfin Mortgage, which doesn’t charge fees and has an obvious real estate agent affiliation.
It also plays into the trend of controlling more of the home buying process instead of just the lending piece, or merely the agent portion.
Assuming you don’t already have a real estate agent, you could save some money by going with one of their recommendations.
This is known as “Tomo Perks,” and on a $300,000 loan amount could save you more than $7,000 over the life of the loan.
To get paired up, you simply provide your info to Tomo and they’ll send video profiles for three local real estate experts they love. Then it’s up to you who to pick, if any of them.
For the record, it is possible to take advantage of both the Tomo Price Match and Tomo Perks.
Where Is Tomo Mortgage Available? And What Loan Types Are Offered?
Currently serve just five states: CO, CT, FL, TX, WA
Offer home purchase loans only
Fixed-rate mortgages: 15- and 30-year loan terms available
Minimum loan amount of $150,000 and min. credit score of 660 required
Jumbo loans available with loan amounts up to $3 million
Single family homes, townhomes, condos, and 2-4 unit properties acceptable
Do not offer FHA/VA loans
At the moment, the company is licensed in just five states, including Colorado, Connecticut, Florida, Texas, and Washington.
And currently only operates in three markets, Dallas-Fort Worth, Houston, and Seattle. My assumption is they’ll expand fairly quickly with their big venture cap backing.
They also only offer home purchase loans, as stated above, though it’s possible they may expand into mortgage refinances in the future.
In terms of loan choice, you can get a conventional mortgage starting with loan amounts of $150,000, or a jumbo loan up to $3 million.
You can’t yet get your hands on an FHA or VA loan, though that could change in the future.
A minimum 660 credit score is required, and they only offer 15- and 30-year fixed mortgages. No ARMs just yet.
While it seems like a limited product menu, something like 90% of home buyers go with the 30-year fixed, and most home loans are conforming.
In summary, Tomo is yet another mortgage/real estate startup looking to shake up the status quo.
While it’s a crowded place, their low rate guarantee and on-time closing guarantee, combined with their fresh modern look, might be enough to help them stand out.
Too many people are afraid of their credit scores.
Many don’t know what their credit score is, many don’t know how to have a good credit score, and many just have an overall negative attitude about them.
This doesn’t have to be true for you, though.
I believe a credit score can be used to a person’s advantage. A good credit score can help you earn great rewards through credit cards, it can help you get certain jobs, it can help you buy your dream home, and more.
Related article: How Your Credit Score Affects Your Life + Credit Sesame Review
Plus, the great thing is that it doesn’t have to be hard to increase your credit score.
However, it can sometimes be easy to ruin your credit score if you’re not careful.
Below are four ways you may be preventing yourself from having a good credit score.
1. You spend too much on your credit cards.
If you have a credit card, you have a credit limit. However, just because you are given this limit doesn’t mean you should try to reach it.
In fact, you should always try to be below 30% of your credit limit if you want to have a good credit score. So, if your credit limit is $1,000, you do not want to spend more than $300 as this can impact your credit score.
It’s also important to note that even if you are paying your balance in full each month that going over 30% of your credit limit can still negatively impact you. This is because your balance is reported on a monthly basis to the credit bureaus. In this case, it is best to pay off your balance or at least some of it before your next credit card statement goes live so that your utilization rate stays low.
2. You cancel old credit cards.
According to FICO, 15% of your credit score is from the length of your credit history. The longer your credit history then the higher your score may be.
If you have old credit cards that carry no annual fee, you may want to think twice before you cancel them. Yes, it can be great to simplify your life, but that old credit card may be lengthening your credit history and, therefore, improving your credit score.
I have one credit card that I signed up for the day I turned 18. The credit card stinks and pretty much offers no benefits. However, it’s the card I’ve had the longest. To keep it active, I just buy one thing a year (such as gum)!
Side note: There are many reasons for why you may want to cancel your credit cards, though. If you are horrible with credit cards and can’t seem to have them without having credit card debt, then it may be your best idea to cancel them.
3. You pay your bills late.
According to FICO, 35% of your credit score is from your payment history. One or two late payments most likely won’t prevent you from having a good credit score, however, continually missing payments most likely will.
No matter what the bill is that you are paying, you should always pay it on time. Paying a bill late may lead to interest charges, late fees, and a drop in your credit score.
Yes, companies can report late payments to credit agencies. If you do happen to accidentally pay a bill late, do not panic, though. If you are quick enough you may be able to ask for some leniency from the company and ask them not to report it.
I once underpaid my monthly mortgage payment by $10. I must have clicked the wrong number because I’m still not even sure how that happened. Luckily I caught it quickly enough and my mortgage company realized that it must have been a mistake. They waived any late fees and also did not report it to anyone.
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4. You never check your credit report.
When was the last time you checked your credit report?
Sadly, many don’t ever check theirs!
You want to check your credit report at least once a year because there may be errors on it and this may be preventing you from having a good credit score. Errors can then lead to your score dropping and that’s a big reason to check!
You can receive your credit report for free each year so there is no reason for why you shouldn’t do this. You can get one free credit report from each of the credit bureaus once each year, so you may even want to time that out so that you can receive one every four months and stay as up-to-date on your credit report as you can.
How have you damaged your credit score in the past? Do you have a good credit score? Why or why not?
It probably isn’t your first go at searching for life insurance if you are age sixty four and in the market. However, if you have never obtained life insurance, there are a few things that you should keep in mind. Believe it or not, you can still receive a very reasonably priced policy. Even if you’ve purchased life insurance in the past, there could be a lot of things that you’ve forgotten that could impact your search.
As a sixty four year old it is very important to start seriously considering a solid life insurance plan. It is shown that the more you age from this point on, the more likely your rates are to skyrocket. Despite your level of physical well-being, life insurance companies place more risk on this age group.
Though obtaining life insurance at 64 is very feasible, we do recommend starting to seek life insurance coverage at a younger age, even beginning at 50 and seeking life insurance will increase your chance of lower rates, and most likely you are in better health as well. But, if you’re already into your 60’s and looking for a life insurance policy, don’t worry, there are still plenty of options for affordable life insurance that will give you and your loved ones the coverage you need.
Which Life Insurance is Best for a 64 Year Old?
There are different groups of people shopping for life insurance, and every group has different needs. The two main kinds of life insurance are whole life insurance and term life insurance. These two types of insurance vary in some pretty significant ways so it is important to understand the differences before jumping into one type.
Term plans are purchased for a specific set of time. Once the time is up, the plan is useless and it doesn’t give coverage. At that point, you will have to either renew that policy or stop paying premiums on it. These plans are the cheapest choice for coverage.
The other main type is whole life. These plans are effective until you reach the maximum age limit of the particular company. Most companies cap their whole life plans at around 90 or 95 years old. Until that point, you have coverage.
The two plans have different advantages that you have to consider. Everyone is different and wants different things from their insurance policy. Whole life insurance is more expensive, but you should still consider them as options.
Regardless of the type you decide to buy, we always suggest getting the advice of a professional agent who isn’t contracted with one company. Taking this route can end up saving you plenty of time and money. Make sure you research the life insurance agents to make sure you find one that is qualified and with which you get along with well.
The rates that you will qualify for depend largely on your individual health and lifestyle. There are multiple factors that can affect your premium rates that are beyond your control. If you have a pre-existing condition, all hope is not lost. There are plenty of policies that exist that will not break the bank and are still quality life insurance policies. For example, there are some companies that look more favorable towards diabetics or people with cardiovascular complications. Before committing to one particular policy, make sure you research your options that are available to you or seek the advice of a qualified life insurance professional.
The best way to make sure that you get the perfect plan is to compare all of the possible life insurance companies’ options. Each company is different and has a different system for rating applications, even though you’re applying for the same coverage you’ll get very different premium quotes. There are thousands of different companies that you could choose from. Instead of spending hours on the phone talking to agents or researching insurance companies, we can bring those quotes to you.
The longer you wait past the age of sixty four, the higher your premium will end up being. Yes, at the age of sixty-four, you’re going to pay much more than you would have twenty years ago, but continuing to wait is an awful idea. Not only are you premiums going to continue to get higher and higher, but you never know what’s going to happen. Nobody plans to die.
Here are some sample quotes for a $250,000 policy:
Sex
10 Year
20 Year
30 Year
Male
$95.70/month
$129.06/month
$187.44/month
Female
$61.69/month
$82.25/month
$117.48
As you can see, life insurance policies are much more affordable than most people think. You can’t put a price tag on the peace of mind that life insurance brings, but it’s nice to know that your monthly premiums aren’t going to break your bank.
Aside from your age, several other factors are going to impact your monthly premiums. We mentioned that they would look for any pre-existing condition, but they will also look at your overall health. After you finish the paperwork, the insurance company will send out a paramedic to complete a simple medical exam. Unless you buy a no-exam policy, these results can secure lower rates for you, or cause your monthly premiums to go through the roof.
If you want to receive lower monthly rates, you should spend some time improving your health before applying. Take the time to start a healthy diet and a regular exercise program. Anyone that is overweight or obese poses more of a risk to the company, the more of a risk you are, the more they are going to charge you in premiums.
Similarly, if you are a smoker, it’s time to quit the bad habit. Smokers can expect to pay two or three times more than a non-smoker for their life insurance. Want to get affordable rates? Put down the cigarettes.
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Getting Quotes
Not only can our agents help you find the perfect plan for you, but they can answer any questions that you have about life insurance or the different types of policies. We are dedicated to making sure that you make well-informed and educated decisions about your insurance purchases.
Don’t leave your family with debt and no way to pay for it. An affordable life insurance plan can be the perfect tool for you and your family.
Philadelphia is perhaps most known for its historic sites, like the Liberty Bell and Independence Hall. It certainly played a role in the birth of our nation, but it has much more to offer as a travel destination. There’s amazing museums, street art, markets, and more to enjoy, plus incredible food, including those Philly cheesesteaks.
If you’re planning on spending time there, whether a weekend or a week, you’ll want to time it right and do some smart planning to make sure you get the most for your money. Here, you’ll learn about some of the fun things to do when visiting Philadelphia, plus ways to have a memorable trip.
Best Times to Go to Philadelphia
The best time to go to Philadelphia is in the spring, from around March to May. The average temperatures during this time are in the 50s to low 70s. The weather is warm without being too hot, and it’s not too crowded with tourists.
Early fall can also be a nice time to visit before it gets too cold, with average temperatures in the same range.
You might also considering visiting when some of the city’s biggest events are happening:
• The Philadelphia Flower Show in March
• The Kensington Derby and Arts Festival in May
• The Odunde Festival in June, the largest African-American street festival in the nation
• The Philly Bike Ride in October.
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Bad Times to Go to Philadelphia
Winter is the least busy time to go to Philadelphia since it can get very cold and snowy.
However, because of this, hotel prices may be lower, so it may be enticing if you’re looking for how to save money on hotels in Philadelphia.
Summer travel is also a less desirable time to go to Philadelphia because of the crowds and hot weather, which can be in the 80s and humid. But if you don’t mind the warm temperatures, you’ll find plenty of tourists soaking up this historic city.
Average Cost of a Philadelphia Vacation
Philadelphia can be pretty affordable for a city destination. It’s possible to visit Philadelphia at nearly any budget. If you want a central location, Center City is a popular place to stay, with hotel prices around $500 to $600 a night during a weekend in May. If you’re looking for a more affordable place to stay, check out hotels near Fairmount Park, which can run between $300 to $400 for the same weekend.
What about a longer trip? In terms of total costs, not including getting to and from Philadelphia, expect to pay $1,319 for one person for one week, and $2,638 for a couple. If you’re budgeting for a trip and ready to start saving, you should think about where to keep travel funds. A high yield savings account can be a good choice as it keeps your money secure and earns interest; online banks often offer the best rates.
You may want to avoid “book now pay later” travel options if possible, and instead try to save money ahead of time so that you don’t pay extra in interest.
If you’re thinking about booking a trip to Philadelphia but are worried that you may have unforeseen circumstances and have to cancel your trip, you can look into travel insurance. If you pay for your trip with certain credit cards, they may provide travel insurance for certain situations. You should understand how credit card travel insurance works when deciding whether to purchase private travel insurance or use your credit card protections.
10 Fun Must-Dos in Philadelphia
There’s a lot to do in this large, historic city. This list of the top 10 must-dos in Philadelphia includes top-rated attractions and ideas from travelers who’ve been there and done that. You’ll find free activities as well as things that are pricier and that you might want to charge and earn credit card rewards.
Depending where you’re staying, you may be able to visit Philadelphia without renting a car. The city is very walkable, and there are buses, trains and above-ground trolleys in some parts of the city. The city also has an inexpensive shuttle service that stops at historic and cultural destinations around Center City, called the Philly PHLASH.
Now, here’s the list of the top 10 fun things to do while visiting Philadelphia.
1. Check out the Liberty Bell
Although the Liberty Bell doesn’t ring, it’s one of the most famous bells and is an iconic symbol of freedom. Its chime summoned people to hear the first reading of the Declaration of Independence in July of 1776. The Liberty Bell Center is free to visit year-round and does not require tickets. It’s located in front of Independence Hall, the next item on this list.
2. Immerse Yourself in History at Independence Hall
The Founding Fathers signed the Declaration of Independence inside of Independence Hall in 1776. The framework for The U.S. Constitution was created there as well, and it’s now a UNESCO World Heritage Site.
To visit this important site in the founding of our nation, you can tour Independence Hall daily from 9 am to 5 pm. Guided tours are available year-round for a $1 ticket. Also, be sure to arrive 30 minutes before your scheduled tour time to go through security screening. phlvisitorcenter.com/IndependenceHall
3. Chow Down on a Cheesesteak
A trip to Philadelphia is not complete without a delicious, classic Philly cheesesteak, which is said to have originated in the 1930s. What is it exactly? Chopped meat, onion, and cheese sandwich on an Italian roll. Two of the most popular places to get a Philly cheesesteak include Geno’s Steaks and Pat’s King of Steaks. They are both located at the intersection of South 9th Street and Passyunk Avenue in Philadelphia, in South Philadelphia. A cheesesteak will cost you $12 to $15. genosteaks.com/menu/ and patskingofsteaks.com/
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4. Wander Through Philadelphia’s Magic Gardens
One of the best things to do in Philadelphia is to take in the Magic Gardens, a unique indoor and outdoor art installation by local Philly artist Isaiah Zagar. The Magic Gardens contain multiple, brightly colored tiled passages over and underground. The installation includes such surprising, creatively repurposed materials like bottles, ceramic shards, cement and even bicycle spokes.
Philadelphia’s Magic Gardens is located on South Street in Philadelphia. The attraction is open year-round between 11 am and 6 pm, but is closed on Tuesdays. Tickets cost between $8 and $15. phillymagicgardens.org/
5. Run up the ‘Rocky’ Steps
If you pass the front of the Philadelphia Museum of Art, you may see people racing up the stairs and jumping around with their arms up. That’s because the first of the popular boxing films featured the character of Rocky Balboa, played by Sylvester Stalone, running up the steps to a soaring soundtrack. A statue commemorating Rocky is located at the bottom of the stairs.
The movie is almost 50 years old, but still has a dedicated following. This is a fun stop for film buffs, and read on to learn why you’ll want to go inside after you climb those steps.
6. Explore the Philadelphia Museum of Art
The Philadelphia Museum of Art includes more than 240,000 works spanning 2,000 years. It includes many famous works from the Renaissance, and an array of Impressionist and Post-Impressionist canvases. You’ll see masterpieces by such famed artists as van Gogh, Toulouse-Lautrec, and Klee. Whether your taste in art runs Medieval or modern, you’ll find something to admire.
The museum is open Thursdays to Mondays, and closed on Christmas, Thanksgiving, and July 4. Hours vary by date, but it’s generally open between 10 am and 5 pm. Tickets cost $25. There’s also a Pay What You Wish day on the first Sunday of every month and every Friday night after 5 pm. philamuseum.org/
7. Visit the Barnes Foundation
If you want to see even more art, the Barnes Foundation is another top thing to do in Philadelphia. Although less well-known than the Philadelphia Museum of Art, the Barnes Foundation includes a large collection of French impressionist and Post-impressionist paintings. The Barnes Foundation has an impressive 181 Renoirs, which is more than any other collection. It also includes 69 Cezannes, as well as African art.
The Barnes Foundation is located in the Franklintown neighborhood. Is open Thursday through Monday, from 11 am to 5 pm. Admission ranges from $5 to $25 depending on your age. barnesfoundation.org/
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8. Tour Reading Terminal Market
Reading Terminal Market is 130 years old and located below a former railroad terminal in Center City, Philadelphia. There are many vendors selling flowers, Amish baked goods, spices, Spanish olives, hoagies, books, crafts, and more. Reading Terminal Market is free to enter, and is open daily from 8 am to 6 pm. readingterminalmarket.org/
9. Snap Selfies at the Love Sculpture
Philadelphia is known as the City of Brotherly and Sisterly Love. And the colorful steel LOVE Statue by artist Robert Indiana certainly says it. You’ll find this Pop Art favorite at John F. Kennedy Plaza, with the four letters of the word “love,” stacked up; it’s a popular place to take photos.
There are actually multiple LOVE statues in the city. There’s also another LOVE statue on the University of Pennsylvania campus and an AMOR statue at Sister Cities Park, a few blocks from Kennedy Plaza. The statues are all free to visit.
10. View the Delaware River Waterfront
The Delaware River separates Pennsylvania from New Jersey, and the waterfront area can be a fun thing to do in Philadelphia. It includes multiple attractions and parks, like Cherry Street Pier, Race Street Pier, Blue Cross RiverRink, and Spruce Street Harbor Park. The waterfront has great views of the Benjamin Franklin Bridge, which connects Philadelphia and New Jersey. If you’re traveling with pets, the Delaware River waterfront can be a perfect place to take a stroll with your dog while you’re visiting Philadelphia.
The Takeaway
Philadelphia is a unique destination that brings history to life, but also has an array of art and other attractions to take in. Plus, there’s great food to sample in this city. A trip to Philadelphia can be both fun and educational, as well as affordable, provided you know a few smart hacks.
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FAQ
What are things to do in Philadelphia for free?
There are many things to do in Philadelphia for free, like visiting sites including the LOVE sculpture, the Rocky steps, or the Liberty Bell. Free activities are one way to hack how families afford to travel.
What is Philadelphia most popular for?
Philadelphia is probably most famous for historic sites like the Liberty Bell and Independence Hall. However, other popular and well-known attractions include Love Park, the Philadelphia Museum of Art, Reading Terminal Market and the Rocky Steps.
How can I spend a day in Philadelphia?
Philadelphia’s Historic District has several attractions within walking distance of each other and would be a good way to spend a day in Philadelphia. The Liberty Bell, Independence Hall, Elfreth’s Alley, and Franklin Square are all located in Philadelphia’s Historic District. Or you might visit some art attractions for a day, such as the Philadelphia Museum of Art, the Barnes Foundation, and Philadelphia’s Magic Gardens.
Photo credit: iStock/Ultima_Gaina
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For some, it’s the smell of freshly cut grass and the brush of leaves in the breeze, creating an escape from daily stressors. For others, it’s a competitive arena where precision skills are honed. It’s where business is sealed with a handshake, lifelong friendships are forged, wagers are won—and drinking is not only permitted, but encouraged.
It’s been called “a good walk spoiled” (Mark Twain), “the most fun you can have without taking your clothes off” (Chi Chi Rodriguez), and “an endless series of tragedies obscured by the occasional miracle” (many, many folks).
If the allure of golf has you in its grip, as it does for so many, perhaps you’ve entertained the fantasy of living near a golf course. Affordable real estate with great proximity to a course might sound too good to be true, like hitting a hole-in-one with your first swing of the day (or ever). But we’re here to correct that notion.
The data team at Realtor.com® found the places in the U.S. that have the best balance of great access to golf courses, relatively affordable real estate, and weather best suited for days on the greens. Some of these towns you’ve surely heard of and might assume come with a high price. Others are hidden gems you might not have thought of as great golf markets.
Whether you’re a near pro, a weekend duffer, or someone who just likes the idea of living near a course, you might just find your dream home on the green. Even if you’re not a golfer, these cities offer a lot to appreciate, from excellent weather to a high quality of life.
“In most residential golf communities, it’s only about a quarter of residents who are active golfers,” says Brad Klein, a golf course design consultant and golf journalist. “So what that tells you is that a lot of people are drawn to the golf community, even if they don’t play golf.”
Most golf communities draw a highly diverse group of homebuyers who nonetheless share certain bonds: They’re physically active and crave regular social interaction, says Klein.
“If you have golf, you probably also have pickle ball, swimming, platform tennis, a gym, and a social center at the local clubhouse,” he says. “Even if you don’t play, you have all kinds of options living near this sort of community.”
The cities on our list aren’t just golf havens. Many are also places with a high quality of life, where a cost of living below the national average makes them affordable not just in terms of real estate, but also in terms of everyday expenses.
We found these places by first rounding up all the real estate listings on Realtor.com from the past year within a 10-minute drive (in normal conditions) from one or more of the 6,445 public and private golf courses in the nation that we were able to map out. Then we aggregated home price data for those listings by city.
Then we factored in the number of golf courses clustered in those areas and weighed the climate and weather patterns—favoring places with more warm days to hit the links. Finally, we selected just one place per state, to ensure geographic diversity. (Otherwise, the list would be mostly Florida towns, along with some Mississippi locations and a couple of spots in Arizona.)
Let’s tee off into our top 10 locations for finding affordable homes near a golf course.
Nearby golf courses: 28 Median list price* for homes near golf courses: $299,900
Sun City, known for decades as a golf lover’s dream community, has year-round golf weather, a staggering number of nearby courses, and real estate that’s priced about 9% below the national average, vaulting it to the top of our list.
Now, this does come with a caveat: Generally, residents must be aged 55 and up, because this planned community on the northwest corner of the Phoenix metro area is aimed at retirees. The rules for who can live there are a bit complicated, so be sure to read up on the details.
This desert oasis has been drawing golf-minded retirees since it was established in 1960. Sun City was the first active retirement community in the United States, and it earned its pioneering developer, Del Webb, a place on the cover of Time magazine in 1962.
“What’s most impressive about it is how difficult it was to get golf courses out there with so little water,” says golf expert Klein. “The course superintendents getting grass to grow out there, on decomposing granite in the middle of the desert, is just amazing. People must have thought they were crazy.”
The Sun City South Golf Course is one of the most well known of the 28 golf courses in the area.
This 1,700-square-foot, two-bedroom home that backs up to the course is listed for $325,000.
Nearby golf courses: 12 Median list price for homes near golf courses: $245,000
Situated on the edge of the Atlantic Ocean, a little north of Fort Lauderdale, and just south of Boca Raton, Deerfield Beach has great access to golf courses and the shore. (See our annual affordable beach towns list, in case that also strikes your interest.)
The median home price for Deerfield Beach listings within 10 minutes of a golf course is $245,000, far below the national median of around $430,000. That’s because the vast majority of listings are cheaper condos and townhomes under 1,000 square feet.
The climate in Deerfield Beach is classified as a tropical rainforest, with warm, wet summers and mild, dry winters, making it an ideal location for all kinds of outdoor activities year-round.
“I was just in Deerfield Beach,” says Beth Daly, a real estate agent at Re/Max Experience in Fort Lauderdale. “We had the bluest sky, and the ocean was like a glass of water you could see all the way to the bottom.”
Daly says she frequently hears about the golf culture that buyers—especially out-of-towners—are looking for.
“I just had some golfers from Buffalo Grove, outside of Chicago,” Daly says, “They wanted a full-service club to live near, and they had plenty of options to choose from.”
Nearby golf courses: 11 Median list price for homes near golf courses: $215,000
Biloxi is a city that we see often when we look for affordable housing markets with standout quality-of-life features. Homes here are very inexpensive, at just about half of the national median list price.
And the Gulf coast climate means you golfers can hit the links just about anytime of the year. And when taking a day off from playing golf, residents here can enjoy the Biloxi beaches, with the neighboring Gulfport leading our most affordable beach towns list.
This three-bedroom, 2.5-bathroom house on a third of an acre, for $324,900, is near the Sunkist Country Club’s championship 18-hole course.
Nearby golf courses: 11 Median list price for homes near golf courses: $319,000
One of the most iconic Southern cities takes a top spot on our list, with year-round golf weather, homes priced about 25% below the national median, and plenty of opportunities to hit the fairways. The coastal, Gothic city is also known for its antebellum architecture and arts and culture scene.
The whole southeastern Atlantic seaboard is thick with golf culture and an abundance of world-class courses.
“Savannah, and the areas north into the Charleston area—where we hear it called ‘Lowcountry’ golf—is really popular right now,” says Tom Coyne, a New York Times bestselling golf author. “There’s so much more to this area than just the buddy trip for one or two rounds.”
But it’s not just exclusive or high-priced courses that people should think of in the area.
“There’s a sneaky-good public golf course in Savannah, called Bacon Park, which is just really charming and very affordable, and I believe it was designed by Donald Ross [we checked, and it was], a famous golf course tech,” Coyne says. “To be able to play a Donald Ross course for whatever the greens fee is there, it’s just awesome.”
Home shoppers can find a three-bedroom home about a half-mile from the Bacon Park Golf Course for $328,000.
Nearby golf courses: 7 Median list price for homes near golf courses: $194,900
Mobile, located on the Mobile Bay spilling out into the Gulf of Mexico, has the most affordable golf-proximate real estate on our list. Home prices here are less than half the national median of $430,000 in April. And while the home prices aren’t high, the area is rich with golf history.
“Alabama is known for the Robert Trent Jones Golf Trail, where they have a literal trail of courses designed by the great Robert Trent Jones,” Coyne says. The famous golf course architect designed more than 500 courses between the 1930s and the 1990s.
Mobile and the surrounding areas have a subtropical climate, which means lots of rainfall, so it’s no wonder the area has been a center of golf culture since early in the 20th century.
Nearby golf courses: 22 Median list price for homes near golf courses: $290,000
The first thing golf expert Klein asked when he heard about our list: “Do you have Myrtle Beach on the list?”
Myrtle Beach has been referred to as “The Golf Capital of the World” due to the sheer number of courses and the rich golf history in the area. The economy in this oceanfront South Carolina city is driven in large part by the vibrant tourism industry, which is mostly centered on the attraction of the area’s world-class golf courses as well as its amusement parks and famed beach.
Boasting courses from the Pine Lake Country Club to TPC Myrtle Beach, this popular vacation spot is practically synonymous with the sport.
Plus, with home prices per square foot not too far from the national median figure, this golfer’s dream is not just for the well-heeled. And with a population just topping 35,000, Myrtle Beach is the smallest of places on our list, which adds to the homey feel.
For less than $100,000, golfers on a budget can find a two-bedroom condo that’s walking distance from the famous Pine Lakes Country Club.
Nearby golf courses: 13 Median list price for homes near golf courses: $569,900
About an hour east of Los Angeles, in the center of the San Bernardino Valley, you’ll find Riverside. It’s the namesake of Riverside County and the most populous city in what’s called the Inland Empire—a broad swath of Southern California’s noncoastal desert region.
With year-round golfing weather and access to more than a dozen courses within 10 minutes, Riverside has the best combo of prices, nearby golfing, and climate in the Golden State.
To be sure, Riverside is the most expensive place on our list, with homes priced more than 30% above the national average, and even more per square foot. But, in the context of California’s real estate prices, Riverside is cheap. It’s around 20% less expensive than the California average and 40% less expensive than neighboring Los Angeles.
Those looking for a place near downtown Riverside but also close to a golf course might want to look at the Jurupa Hills Country Club, where buyers can find a three-bedroom home near the greens for $455,000.
Nearby golf courses: 35 Median list price for homes near golf courses: $229,000
The last three cities on our list are all in the Midwest, where homes have historically been more affordable than in other parts of the country. In Indianapolis, the capital of Indiana, homes within 10 minutes of a golf course are still 40% less expensive than the national average. And there are a surprising number of golf courses in this region.
Midwestern winters can be brutal, but the average monthly temperature is still above 50 degrees Fahrenheit for more than half of the year. While that might mean residents consider golf more of a seasonal pastime in these final three cities, the prices are less than half of what you would find in a city like Riverside, CA.
One of the most notable Indianapolis courses is built into the site of the Indianapolis 500, mixing golf with another of the town’s iconic draws.
Saddlebrook Golf Club is one of the closest to downtown Indianapolis, and for just shy of $230,000, home shoppers can get a three-bedroom home on a quarter-acre about 1,000 feet from the course.
Nearby golf courses: 26 Median list price for homes near golf courses: $239,900
Cincinnati, located on the Ohio River, boasts low home prices—and low-cost opportunities to play golf on a good public course.
“It’s so much more affordable than golfing in a place like New York or Chicago or L.A.,” says Klein of playing in smaller Midwestern cities.
Moreover, the Rust Belt city has an indelible golf tradition, in part due to the golf royalty from the area.
“In Ohio, you have a great golf history,” says Coyne. “Anyone who’s done anything big in the sport of golf has left a stamp in Ohio. And Jack Nicklaus hails from Columbus, so there’s got to be something good going on in Ohio.”
The Camargo Club, on the northeastern end of the Cincinnati area, has been ranked one of the best in the state. While the homes nearest to the course include custom-built, multimillion-dollar mansions, a three-bedroom home can be found about five minutes away for just under $280,000.
Nearby golf courses: 23 Median list price for homes near golf courses: $249,950
Golf might not be the first thing that comes to mind when you think about Omaha, Nebraska’s largest city located on the Missouri River. The city is home to several Fortune 500 companies, including Warren Buffett’s Berkshire Hathaway. It also boasts one of the best zoos and aquariums in the world.
But there are many options in Omaha for those looking for a home near a golf course, says Chris Bauer, a local Realtor at Berkshire Hathaway HomeServices. He’s found buyers are looking for either a more affordable option, usually near a public golf course, or access to pricier private clubs.
“Those are two different sets of buyers,” he says. “For the avid golfers who would only buy on a private course, you have Shadow Ridge, Deer Creek, Happy Hollow, or the Omaha Country Club.”
And for those looking for somewhere to live near a public course: “Pacific Springs, The Knolls, or Johnny Goodman. Those are all popular. There’s a wide spectrum here,” he says.
Watch: The Best Cities in the U.S. for Home Sellers Right Now
* Median list prices are from the last year on Realtor.com.
Billionaire Rick Caruso’s namesake real estate firm Caruso has said it will accept bitcoin as rent payment at its residential and retail properties.
The company said it is both investing in, and accepting bitcoin as a form of payment. It has partnered with Gemini, a cryptocurrency exchange, in order to facilitate those payments.
Caruso validated his belief in the fact that cryptocurrency is here to stay during an interview on CNBC’s Power Lunch show.
“We believe that bitcoin is the right investment for us,” Caruso said. “We’ve allocated a percentage of what would normally go into the capital markets into bitcoin.”
Caruso’s portfolio of properties includes numerous luxury apartments, outdoor malls, mixed-use properties and more. In a statement, the company said that it is committed to bringing decentralized retail payment options to its guests via “uncomplicated, efficient, and safe transactions protected by blockchain technology.”
Caruso stressed in the interview that he believes bitcoin and other cryptocurrencies will play “an important role in our collective feature”, adding that the partnership with Gemini will add “real value” to its guests.
“We envision a myriad of opportunities where we can better engage our guests and enhance their experience on properties like introducing blockchain-enabled rewards and enabling cryptocurrency payments,” he said. “Partnering with Gemini on consumer applications will bring endless options, but we also see a future for how this technology will bring people together.”
Bitcoin has seen its value surge in recent months even as some critics continue to preach against it, arguing that its volatility makes it an unsafe store of value. Bitcoin recently hit a new record high of more than $60,000 per coin, up from around $11,000 in October 2020.
Caruso is the latest in a number of companies that are accepting bitcoin and other cryptocurrencies as payment, including Tesla, Morgan Stanley, and PayPal.
But as regulations continue to evolve in the space, less than 5% of public companies are likely to invest in bitcoin over the next 12 to 18 months, Daniel Ives, a Wedbush analyst, told Insider. Still, there’s a “growing shift for companies to accept this digital currency as a form of payment,” Wedbush says. “Bitcoin mania is not a fad in our opinion, but rather the start of a new age on the digital currency front.”
Mike Wheatley is the senior editor at Realty Biz News. Got a real estate related news article you wish to share, contact Mike at [email protected]
[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Showcase IDX.]
Showcase IDX is a real estate search and engagement platform for agent, team, and brokerage websites. The technology integrates into existing WordPress websites and combines advanced map-based searching with modern search options. Proprietary indexes also allow your site visitors to search across multiple MLS feeds. Other features include lead routing, forced registration tools, and server pre-rendering.
Founded in 2003, Showcase IDX was acquired by eXp World Holdings in August 2020 but continues to operate as a standalone independent company. Scott Lockhart continues to serve as CEO at Showcase & SVP at eXp World Holdings.
What we like: Hitching their future to one of the fastest growing brokerages in the world was a wise choice.
This is a guest post by Carol Parker, content manager at Drugsdb.com. Carol holds a Doctor of Pharmacy degree from Albany College of Pharmacy.
These days, getting sick can be a costly business, especially for those who can’t afford medical insurance. Not only does a person have to worry about paying the consultation bill from the doctor, but the cost of prescriptions seems to skyrocket each time you need to have them filled.
The good news is that there are many ways to save money on your prescriptions. Although they may require some effort on your part, the savings will be well worth it.
Why you should try to save money on your prescriptions There is no doubt that the economy is in a very tight spot at this time. Because of this, it is important for a person to try and save as much money as possible on disposable purchases, especially where prescription medications are concerned. Money saved on prescriptions can definitely be put to better use elsewhere in our already overstretched budgets. By researching and finding ways to cut down on prescription expenses, it is possible to reduce their cost substantially. The good news is that there are many ways in which a patient can reduce the cost of their prescriptions.
The following are my top 10 tips to save money on prescription drugs:
Always inquire about generic options which may be available. Many brand-name medications have generic substitutes which are required by law to contain exactly the same ingredients as the brand name medicines. Whenever you receive a prescription from your doctor for medication,make sure to ask about the possibility of generic alternatives available. The end result could be as much as an 80% savings on the cost of your prescription.
Find out if you qualify for Patient Assistance Programs (PAPs). Certain pharmaceutical companies have put PAPs in place for those who earn below a certain wage or who simply can’t afford any form of medical insurance. PAPs may include assistance in the form of savings cards, assistance with co-pays or levies, and coupons which can be redeemed against the price of certain medications.
When possible, fill all of your prescriptions at one pharmacy. By having all of your prescriptions filled at one pharmacy, you will not only save time (and gas), but your pharmacist will get to know your particular prescriptions. This will come in very handy should you develop any allergies or unpleasant side effects from any of your medication.
Consider the possibility of splitting higher-dose pills. It is a known fact that there is often very little difference in price when it comes to different dosages of pills. A 50mg pill will often cost almost the same price as the same pill in a 25mg dosage. Find out from your pharmacist if the medication you are using comes in different doses and if it is safe to split the larger-dose pills or not. It is important to note that some pills are not safe to split, but your pharmacist will be able to give you reliable advice in this regard.
Communicate with your doctor. When you receive a prescription from your doctor, it’s always important to speak up if you can’t afford any of the medications that have been prescribed. Often your doctor will be able to prescribe alternative medications which may be more affordable for you.
Help reduce co-payments by checking your formulary. Many medical insurance companies will only cover the cost of specific medications for some conditions, as stipulated in their formulary. If your doctor prescribes medication which is not listed on this formulary, it can result in you having to pay a higher co-payment. Check your prescription against the formulary, and if it’s not listed, ask your doctor to prescribe an alternative medication that is on the list.
Shop around. These days it is possible to purchase medication from some supermarkets, via mail order, and at various retail pharmacies. By shopping around, you may be pleasantly surprised to find that prices differ from one source to another. If you find that a particular source has all but one of your listed medications at a cheaper price, ask them if it’s possible to get a discount on that particular item.
Ask your doctor for samples. Thousands of people have allergic reactions to medications every year. Before paying for a full month’s supply or course of a particular medicine, ask your doctor if there are any free samples available. This will enable you to try it before buying a full course of it. If possible, find out if your doctor is able to give you a 7- to 10-day supply of the drug so that you can assess it thoroughly.
Search for coupons. Magazines, newspapers, and certain websites offer prescription-related coupons on various medicines and treatments. Two websites that are known for offering medicine coupons are InternetDrugCoupons.com and NeedyMeds.org. You also can ask your doctor’s office if they know of any available coupons for your particular prescription drugs. Certain manufacturers even offer free, 30-day trial packs of their medicines.
Maintain a healthy weight and lifestyle. By keeping fit and healthy, you will be able to minimize your risk of getting sick and requiring medication. Maintaining a healthy weight is also very important, because there are many diseases which can be linked to obesity, including diabetes and high blood pressure. Once diagnosed, both of these diseases often require a lifelong commitment to using prescription medication to manage them.
There are many ways for a patient to save money on prescription medications. In most cases though, prevention is definitely better than cure, so it is always important to consult with a doctor or other healthcare professional as soon as you realize that there is something wrong. That step alone will save a lot of time, effort, and money where prescription medications are concerned.