Andy Rohner, Real Estate Professional

I'm sure you've heard of this law of economics, but it's a cool one and want to share it this happy Friday anyways. Comparative Advantage - a theory about the work competing entities ought to spend their time doing to create the most wealth, using opportunity costs to determine the work each entity should perform. If Jordan takes time out from shooting hoops to do all his own typing, he sacrifices the large income he earns from entertaining fans of basketball. If, instead, his secretary does the typing, the secretary gives up an alternative secretarial jobor perhaps a much lower salary playing basketball. That is, the secretary is the lower-cost typist. The secretary, not Michael Jordan, has the comparative advantage at typing! Try applying this to your personal and professional lives. Video here: http://ow.ly/XZNNe

A living trust, or revocable inter vivos trust agreement, is a common way to bypass probate proceedings after the death of the owner of real estate. Probate is a legal process used for determining the validity of a deceased owner's will and then distributing the property to heirs. This can take months and sometimes over a year and can cost around 5% of the total value. Property owned under a living trust is outside the jurisdiction of probate court, so it can be avoided altogether by creating one. Talk to an attorney if you're interested in learning more about this way of taking title to property.

Some really promote the minimum necessary down payment. As with nearly everything, there are pros and cons. http://ow.ly/XU3TK

Steph Curry bought a pretty sweet house in Walnut Creek a little while back. Check out this beauty. http://ow.ly/XHXeA

Free real estate reports for all! Visit my website to get a bunch of free reports like "Thinking About Buying Your First Home?" and "What Is a Mortgage?" http://ow.ly/XHWYF