rental property
Short Sale or Foreclosure Options for Rental Properties
Q: We own a home in Georgia, but due to a job change, my husband moved out of state and took a large pay cut. I stayed in the home for a year after he moved and we depleted our …
Using An LLC To Buy Rental Property
You may want to use an LLC to buy rental properties, it may be more cost effective to own in your own name with good insurance in your name. Q: I recently purchased a rental property in Illinois. The title …
Long-Term Real Estate Investment Strategies
Q: I previously wrote to you and asked about investing in real estate. Since that time, I’ve moved from thinking about buying a single family house or two to actually purchasing and rehabbing about 45 units located in about 15 …
Inheritance Rights Of Spouses
Q: Our dad quit claimed a family cottage to his three kids in 1994. He died in 2000. Two of the kids are married, one is not. Are the spouses in any way entitled to a share of the cottage …
Stock Market Madness: Ilyce Glink Radio Show Notes August 14 2011
Stock Market Madness Stock Market Madness – that’s about all you can say looking back over the last week. There has never been this level of volatility in the stock market. We’ve never seen 400+ swings (positive and negative) on …
Compare Investment Options With A Fee-Only Financial Planner
Q: I finally sold my home after 2 years on the market. A couple of months ago, I purchased and paid cash for a new home for about $400,000. I am 70 years old with no debt. I own two …
Mortgage Refinance Rates And Closing Costs Higher For Investment Property
Q: I have two homes in two different cities. One of them is a rental and the other is our primary residence. My wife and I have excellent credit and we have an existing home equity line of credit (HELOC) …
Tax Implications Of Selling Rental Property
Q: My sister owns a rental property in California that had approximately $200,000 in equity. She owes $200,000 on the mortgage. This property is now valued only at about $250,000. She also has a mortgage on her primary residence nearby. …
Divorce May Not End Joint Tenancy Deed
Q: Here’s my question: Let’s say a husband and wife own a rental property with a joint tenancy and a right to survivorship deed. Later, they divorce without changing the deed, and 10 years later, one of them passes away. …