Daily Archives: January 2, 2006
Selling Property To Buy Mutual Funds
Before deciding to trade in real estate for other investments, it’s important to think about your financial goals. If you’ve reached a point where you no longer want to be a landlord, or you believe your real estate investment going forward will bring limited returns, then you should consider selling some or all of your portfolio. But don’t change up your investments because you think you’ll have a guaranteed return investing in something else.
Selling Investment Property Bought Pre-Construction
Can you sell investment property that you bought at pre-construction prices, before actually buying the property. Ilyce advises the reader that you can flip your investment by selling it to another person even though you bought it at pre-construction prices. When you sell the pre-construction investment property, the new buyer pays a fee to have the original purchase contract assigned to him or her.
Reserve Cash With Interest Only Loans
A home buyer is considering an interest-only loan. Interest-only loans are best if you are trying to conserve cash. You can use the cash for a home improvement project, if you’re not going to be in the home for a long period of time, or if it’s an investment property. However, you should not use an interest-only loan to purchase more property than you can afford.
Never Too Old For Real Estate Investments
Is it too late to start investing in real estate property? To be successful with investment property you must be willing to take the good with the bad when it comes to managing tenants. Ilyce reminds the reader that 50 is the new 30 if you are cut out for the landlord business.
Home Inheritance Requires Home Repair
When doing estate planning you may want to consider who will get your real estate and whether those heirs can afford to maintain the real estate. If multiple family members inherit a home together how can they ensure that home repairs get made and that everyone pays their fair share? This is also an issue for property taxes when there’s a home inheritance.
Canceling Contract On Home Purchase
What do you do when you run into financing problems and can’t fulfill a contract to buy a home. Title problems and financing troubles can very quickly ruin a deal. You need to examine your real estate contract and talk to a lawyer to see if you can walk away from a real estate transaction and how to get your down payment back.
