TessMore Finance Blog

There are many different ways to invest in real estate , and pros and cons to each different kind of investing. You might choose to be a long-term landlord, invest in short-term rentals, REITs or fix and flip houses. Real estate wholesaling is another way to invest in real estate and may be attractive to some people. In real estate wholesaling, you usually identify potential investment properties and then quickly flip it to another investor. In many cases, wholesaling can be done with less money out-of-pocket than other types of investing, which makes it attractive to some people. What Is Real Estate Wholesaling? In real estate investing, wholesaling is usually defined where an investor (commonly known as a wholesaler) signs a contract with a property owner and then sells or assigns that contract to another investor, for a fee. Some rehabbers and real estate investors prefer to focus on rehabbing as their primary business. They may not want to deal with finding deals or negotiating ...

There are several ways to invest in crowdfunded real estate with $1,000 and get exposure to properties previously exclusive to wealthy investors. But a new platform adds transparency and simplicity to the investment process through tokenized real estate. Eligible accredited investors can utilize HoneyBricks to invest in real estate using security tokens. But how does tokenized real estate work, and is HoneyBricks, which only launched in 2022, a trustworthy place to invest? This HoneyBricks review fills in the essential details about this platform and lets you know how it might enhance your investment portfolio. Table of Contents What Is HoneyBricks? What Is Tokenized Real Estate? Minimum Investment Period Account Options HoneyBricks Tax Treatment Who Can Invest? HoneyBricks Fees How HoneyBricks Works Investment Offerings Member Dashboard Receive Cryptocurrency Distributions Crypto-Backed Loans Secondary Trading Market Learning Center HoneyBricks Pros and...

The last few years have wrought havoc on people’s finances. First, there was COVID, which cost approximately 9.6 million Americans their jobs. And now there’s inflation, which is currently hovering at around 8.3% after falling from its June peak of 9.1% – the highest it had been for 40 years . Thankfully, the $5 trillion in stimulus packages helped people stay afloat throughout the pandemic. But that was in 2021. This year, most struggling households have received little to no support… until now. This time, 20 states are leaning on budget surpluses to issue one-time inflation relief checks to residents. Do you want to find out who’s getting what, when, and whether you can expect one of these payments too? By now, most of the checks and deposits have started to go out. If you received one, check your state below to see the details, how the payments work, and whether you’ll get more. Here is a quick summary of the 20 state stimulus checks issued in 2022: Table of Contents 1....

If you receive items or packages that you never ordered, you may be the victim of a brushing scam. Brushing scams are illegal in the United States and many other countries. While you may enjoy the surprise of receiving items that you weren’t expecting, brushing scams may be a symptom of identity theft. If you receive packages you aren’t expecting, there are a few steps that you might want to consider taking. What Is A Brushing Scam? A brushing scam is a term that refers to receiving parcels or packages that you did not order. There are a variety of reasons that bad actors set up brushing scams. One reason can be to artificially inflate product reviews on online marketplaces like Amazon or eBay. The seller ships their product to you (at their cost). Then, once you are a verified purchaser of the product, they use your account information to post a favorable review. Favorable reviews from verified purchasers can make a positive impact on future sales, so the seller may find that it’s ...

When you open an account with a new bank , one of the first things you want to know is your ATM withdrawal limits. Knowing how much you can spend with your debit card is also important. Understanding how your withdrawal limits work will make it much easier to manage your money, and it can help you avoid some embarrassment, too. After all, no one wants to discover that they’ve exceeded their debit card limit when standing at the checkout line, trying to pay for a cart full of groceries. In this article, I’ll share the daily ATM withdrawal and debit card purchase limits from several major banks, explain the factors involved in setting limits, and how to get them raised or lowered. Table of Contents How Are Daily ATM Limits Set? Where Can I Find My Daily ATM Withdrawal Limit? What Are Daily ATM Withdrawal Limits at My Bank? What Are Daily Debit Card Purchase Limits at My Bank? ATM Withdrawal/Debit Purchase Limits at Popular Banks Can I Avoid Daily ATM Withdrawal Limits an...

If you’re looking to secure the financial future of your family, you may be considering a life insurance policy or an annuity. But you may have some lingering questions about which option to choose – and what makes them different in the first place. In this article, we’ll explain how annuities and life insurance differ, and leave you with some practical advice to help you choose the right option for your specific situation. What is an Annuity? An annuity is a type of contract between a policyholder and an insurance company. There are several types of annuities, but all of them seek to provide monthly income while the annuity owner is still alive. The cost of the annuity depends on the type and the provider. One downside to annuities is that they often charge fees, which can significantly drive up the cost. They can also be hard to get rid of, and you may have to pay a high surrender fee if you want to dissolve the annuity.  Customers often purchase annuities because they want ...

I first learned about mph.bank through the SaveBetter platform because they were offering a high interest rate on their money market deposit account . They’re the online bank subsidiary of Liberty Savings Bank and while they’re relatively new, their parent bank has been around for quite some time. If you’ve been thinking about opening an mph.bank checking account, known as their “spend” account, you will want to learn about the bonus they are offering – get up to $365. Table of Contents How to get up to $365 from mph.bank Who is mph.bank? How does this compare? How to get up to $365 from mph.bank mph.bank has a multi-step bonus where you can get up to $365 in cash for satisfying a few conditions over the course of a year. The sticking part of this deal is the length of time, 12 consecutive months, but if you’re OK with that, the cash is yours. First, start by opening a new mph.bank “spend” account. Then: Get $100 for doing debit card purchases totaling $365 each mon...

Buy now, pay later (BNPL) loans let you purchase items either in-person or online and pay for them in installments, usually from three months to one year. But what exactly is a buy now, pay later loan? And is it a good idea to use them when offered to you? One of the leading companies in the BNPL space is Affirm . They have become so popular that their name may have popped up during the checkout process when you shop. While BNPL loans like Affirm serve a purpose, they are fraught with potential pitfalls. In this article, we’ll cover exactly what Affirm is, some Affirm alternatives, and whether or not BNPL loans are a smart choice for you.  Table of Contents What Is Affirm?  How Does Affirm Work?  Is Affirm Safe? How Will Affirm Affect My Credit Score? Alternatives to Affirm Sezzle Afterpay Alternatives to Buy Now, Pay Later Loans Zero Percent Credit Cards Find Ways to Cut Your Costs on Purchases Consider Paying Cash Up Front Sell Some Stuff The Bot...