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September 3, 2024
By
The Admiral Staff
Securing homeowners insurance can be challenging, and denial can derail a home purchase. Common reasons for denial include unusual home structures (like barndominiums or yurts), high-risk locations (flood zones, wildfire areas), using the home for business purposes (daycares, farming), renting out the property (long or short-term), and neglected maintenance or disrepair. Addressing these issues proactively, discussing concerns with real estate agents or insurance companies beforehand, and being prepared to shop around for the right
August 29, 2024
By
The Admiral Staff
The article emphasizes that a successful investing strategy remains consistent over time, requiring patience and a long-term focus. Key tips for 2024 and beyond include prioritizing debt repayment (especially high-interest debt) while still contributing to retirement accounts like 401(k)s and Roth IRAs. Starting with low-cost S&P 500 index funds, minimizing investment fees (aiming for expense ratios below 0.1%), and practicing dollar-cost averaging are
August 11, 2024
By
The Admiral Staff
The article explores an alternative to traditional mortgages called a deed of trust, and how to invest in them through a company called Ignite Funding. Deeds of trust involve a neutral third party (trustee) holding the property’s title until the loan is repaid, offering a potentially faster foreclosure process if the borrower defaults. Ignite Funding allows everyday investors to participate in commercial real estate with relatively low investment amounts, potentially earning returns of 10-12% annually through shorter-term loans (typically 9
August 2, 2024
By
The Admiral Staff
This article explains how to understand and navigate flood maps to assess your flood risk. It details how to find your location on the FEMA flood map system (FIRMs/FIRMettes), how to interpret the different zones (high, moderate, minimal hazard) and base flood elevation (BFE). The article clarifies that even properties outside designated flood zones aren’t entirely safe, and a significant portion of flood claims come from these areas. It also outlines steps you can take to mitigate flood risk beyond insurance
July 12, 2024
By
The Admiral Staff
A couple planning to buy a house together is seeking advice on how to make the purchase fair, given differing incomes, existing equity, an upcoming inheritance, and the partner’s three children. The advice emphasizes that “fairness” is subjective and should be determined through open communication about financial histories, current assets, future work expectations, debts, desired financial independence, and each partner’s contributions to childcare and other goals, rather than solely relying on mathematical calculations.
