Wondering what threats await real estate this year (and in the future)? Scott Muldavin, Chair of the Counselors of Real Estate (CRE), ran down his annual list at this year's National Association of Real Estate Editors (NAREE) conference, in Denver. This story features the first 5 threats to real estate. Real Estate Threat #1 - [...]
Owning a pet can bring joy and contentment to nearly every part of your life—unless you’re in the market for a new rental. According to the Humane Society of the United States, a pet cat, dog, or other animal may severely reduce possible living options for you, either due to building policies or a landlord’s [...]
When you bought your condo, did you think it would be the beginning of your real estate investing career? Perhaps you planned to rent it out for a few months while you were vacationing, or maybe you thought that you could one day move into a bigger place and rent out the condo as an [...]
Renting out part of your primary residence will change how your capital gains tax is calculated when you later sell. If you didn't have a rental property as part of your primary residence, you could save taxes on up to $250,000 of profit from the sale, if you're single. When you have a rental property as part of your primary residence you have to consider what percentage of your property is considered the rental property and your capital gains tax will change. How you use a property affects what kinds of tax deductions you can take and also how much capital gains tax you pay upon sale. You should consult a tax preparer for more advice when you have a rental property as part of your primary residence.