Investment Property
Limited Options to Get Out of Timeshare Contract
Limited options available to get out of a timeshare contract. Timeshare owners have limited options for getting out of timeshare contracts. Work with timeshare management company to get out of timeshare contract. Timeshare owners trying to get out of timeshare contract have limited options and are still responsible for maintenance and homeowners assoctiation payments for timeshare. Contact a real estate agent specializing in timeshares to help get out of timeshare contract.
Pay Off Investment Property Or Pay Down Mortgage?
Decide to payoff an investment property or pay down the mortgage. Don’t pay off an investment property and pay down the mortgage at the same time. Consider interest rates on loans before paying off mortgage loans on an investment property or primary home mortgage. Refinance mortgage loans before you pay down a primary home mortgage or investment property mortgage loan.
Buy, Close, Move IN!: Budgeting For Investment Property Costs
The following is an edited excerpt from my new book, Buy, Close, Move In!, which was published this month by HarperCollins. Investment Property Costs: Add these real estate expenses to your investment property budget. The costs of buying and owning investment real estate are similar to those of buying and owning a primary residence, but you want to estimate some special investment property costs into your budget to make your investment property more profitable.
Investing In Real Estate And An Exit Strategy
Real Estate is a great way to invest your money, but you have to know what you’re doing when investing in real estate. One of the top mistakes investors make is not having an exit strategy. When investing in real estate, knowing when to get out and make a profit can be just as important as knowing which properties to buy. Be a more successful real estate investor and plan your exit strategy in advance.
Top Three Real Estate Investing Mistakes
Don’t fall for these top three real estate investing mistakes. Everyone makes mistakes, but if you want to be a successful and profitable, these are three real estate investing mistakes you can avoid making. Don’t buy real estate investments on impulse. Don’t fail to do your due diligence on real estate investments. Don’t forget that numbers matter with real estate investments. Get ahead in the game and avoid these top real estate investing mistakes.
Capital Gains And Depreciation On Investment Property Sale And A 1031 Exchange
Capital Gains And Depreciation On Investment Property Sale
If you have owned investment property for some time, you might be surprised to find out that even if the property’s value has not appreciated, you might have to pay taxes on its sale. While most people are familiar with capital gains taxes, others forget that they have received a benefit from depreciating the property while they have owned the real estate. Once they sell the property, they have to pay back that depreciation. One way to defer all taxes on the sale of an investment property is by using a 1031 tax deferred exchange.
Fannie Mae and Other Lenders Restrict Investment Property Financing
If you’re looking to get financing for real estate investment property, Fannie Mae might throw some restrictions at you. Fannie Mae is limiting investment property financing to up to 10 properties. Other lenders might be following more strict guidelines, like four-property rule for investment properties. What have other investors and brokers been seeing for investment property financing from Fannie Mae and other lenders?
Refinancing Investment Property Is Tough Without Equity
is it possible to refinance investment property? In the current tough real estate market it has become even more difficult to refinance investment property. You need enough equity in the investment property to convince any lender to let you refinance. Most will require at least 25 percent in equity, but some lenders will require 40 or 50 percent in equity to refinance an investment property.
Investment Property Short Sale Generates Phantom Income
When an investment property is sold as a short sale, it generates what is known as “phantom income.” The IRS looks at the difference between what the property is worth and what your sold it for in the short sale as income. You should receive a 1099 for the phantom income generated by the short sale of the investment property.
Majority of Property Owners Experiencing Higher Vacancy Rates
Majority of property owners experiencing higher vacancy rates. Seventy percent of property owners are experiencing higher vacancy rates this year. The vacancy rate has been above 10 percent since June 2009. A recent Rent.com survey looks at how property owners are coping with these trends and encouraging tenants to stay or move to their units.
