John Hagar

Street Cents
2:39 pm
Tue October 2, 2012

Renting out your basement: Extra income or extra hassle?

Is it worth finishing your basement and renting it out?
Kevin Saff flickr

In these tough economic times, it's always tempting to look for ways to bring in extra income. So how about fixing up your basement so that you can rent it out? It would be nice to have an extra $800.00 or so coming in every month. But are there questions that should be answered before moving forward? 

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Street Cents
4:30 am
Tue February 7, 2012

Rough time refinancing? Try again.

Bank vault full of cold, hard cash.
Adolph B. Rice Studio Collection Library of Virginia

Is it true that there there's a bank vault out there full of cold, hard cash that's now available to people trying to refinance? That's what KPLU's John Maynard asked Seattle-area real estate appraiser Richard Hagar when he dropped by KPLU's studios recently. Without skipping a beat, Hagar responded:

"The good news is if you've missed some mortgage payments or you were in foreclosure, banks now have more cash available. And they've loosened up the purse strings a bit."

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