If you own rental real estate, the government is thinking about you…and not in a good way. The Government Accountability Office reported that 53% of taxpayers with rental real estate misreport when they file their tax returns. That means many property owners overestimated real estate tax loss. The bottom line is that owning rental real […]
Property Investment Loans
Real estate might be a huge part of your net worth. But are you maximizing your properties’ potential? How profitable are your rentals really? How much does it cost you to maintain your home? Should you buy more property or sell? If you have bad credit, how can you get into the real estate market?
This category has posts that will answer all these questions and more.
How to Avoid Capital Gains Taxes on Selling a House
With a few smart moves (literally), you can avoid capital gains taxes on selling a house. That’s good news. But even if you don’t have a gain, I still have good news for you. You don’t have to worry about taxes (but you should still read this post and you’ll see why in a minute). […]
Adjustable Rate Mortgage – Good or Bad Idea Right Now?
Is a loan broker suggesting that you refinance your mortgage and jump into an adjustable rate mortgage? Before doing so you have to ask yourself just one question: do you feel lucky? Well, do you? Take a look at this graph. It says it all: This shows where adjustable rates are relative to where they […]
How to Have No More Mortgage in Five Years
Forget about the 30 vs. 15-year mortgage question. You can have no more mortgage in a very short time. It will require commitment, work and different financial behavior, but you can get it done if it’s important to you. Here’s how: 1. Commit. Any great financial endeavor needs commitment, and this is no exception. There […]
How to Get a Bad Credit Home Loan Mortgage Refinance
If you’re looking for a home loan mortgage refinance with bad credit, there are ways to start borrowing money without paying high fees and exorbitant interest rates. A friend of mine, Sue, was stuck with a 7% mortgage. And because she didn’t have a high credit score, she thought she was unable to take advantage […]
Landlord Liability – What Property Owners Need to Know
If you own property, you have landlord liability. Remember, owning property is more than just having a second job. It’s a huge responsibility, too. Like you, I’m a huge fan of people taking responsibility for their own actions. That goes for you as an owner as well as for the people who rent from you. […]