A happy Friday to all!
Today, I learned about the one-percent rule — a rule of thumb that some real estate investors use as a starting point for deciding whether a rental property will be profitable is if the monthly rent is at least 1% of the purchase price. As an example, if you see a $200,000 rental property and can get $2500 a month in rent from it, then maybe you should investigate further. (Source: Fatwallet.com)
Also, I learned that people on the internet use TIL as an acronym for “Today I Learned.” (Source: Twitter user @Lintacious)
Finally, here are the blog posts I favorited this week:
- How to Talk to Your Kids about Family Debt from The Heavy Purse by Shannon. I have no kids, obviously, but knew this was a tender subject for my family growing up.
- Top Tips For Planning a Vacation on a Budget from Modest Money by a guest poster. Have I mentioned that I love traveling? I’ve got a wedding that I have to go to in July, so a lot of the cost-saving has already been done, but I’m interested in all the tips I can get.
- Is the Roth right for you? from Get Rich Slowly by Robert Brokamp. If you’ve ever had a conversation with me on the topic, you’d know that my answer to this is an easy yes 🙂
- For Amazing, Affordable Vacations, Travel Slowly from Wise Bread by Nora Dunn. See my note on traveling above.
- How to Prepare When Making a Career Change – 4 Money Moves from Money Crashers by Michael Lewis. I’ve made a couple career changes. Some good tips in here
- Citibike Disappointment from The Broke and Beautiful Life by Stefanie. Hearing that this program is off to such a rocky start is pretty disappointing.
- 3-month Money Crash Course for the Newly Graduated: Month ONE from Money After Graduation by Bridget. All three of these are pretty great, actually.
Ah, Google Reader made that surprisingly easy. Hopefully, Feedly can do the same when the former disappears. Have a great weekend, all!