Selling Timber or Selling Land May Still Lead To Loss
While you may buy vacant land to build a home in the future, some real estate investors and speculators, purchased vacant land with timber on it to sell off the land or timber in the future. Now the real estate market has changed along with the housing market, and the value of vacant land has…
Ilyce Glink Show Notes - January 24, 2010 - How to Invest Your Money, Taxes, and Scams
FBI Scam alerts for Haitian scams, counterfeit check scams and mystery shopper scams. HOW TO INVEST YOUR MONEY IN 2010 - Information and ticket discount details. FREE BOOKS and EBOOK SPECIAL. Today's show callers asked a lot of questions about their taxes.
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…
Ilyce Glink Show Notes - January 3, 2010 - Happy New Year!
Today on the show, we had three guests: Sam Wyly is the author of 1,000 Dollars & An Idea, Entrepreneur to Billionaire. He offered up some tips on becoming an entrepreneur. Liz Handlin is a resume expert and the publisher of Ultimate_Resumes.com. She had some tips on polishing your resume for…
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…
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…
LLC vs Corporation: Can You Do Without Either
When it comes to choosing how to hold your real estate investments, you can choose from many options. The most popular options are using an LLC to own real estate or a corporation. Some decide that they would prefer to hold title to their real estate investments in their own name. Is it wise to own…
S Corporation vs LLC: Tax Consequences For S Corp and LLC
More and more real estate investors are using LLCs to hold their properties. Some still prefer using S corporations but most accountants today recommend that their clients use LLCs or limited liability companies.
Do You Have Your Tickets For "How To Profit From Foreclosure"
It's finally October, and the "How to Profit from Foreclosure" event is just around the corner. This exciting event on October 24 in Atlanta will bring together experienced real estate professionals, tax experts, mortgage lenders, and successful investors for a full day dedicated to getting into the…
Transferring Home To Children When You Co-Own The Home With Them
Many parents want to transfer their home to their children during their lifetime, rather than wait until they have died and transfer the property by will. In some cases, transferring a home to a child when the parent is living may be a mistake. In other cases, if the planning is done right, the…
Holding Title To Real Estate in an LLC
When you decide to invest in real estate, you'll have a choice as to how you want to hold title to your real estate investments. One choice is to hold title to real estate in an LLC (limited liability company). A limited liability company protects the individual owners from personal liability and…
LLC vs Corporation: Is An LLC Better For Real Estate Investing
Most people prefer an LLC for real estate investing. But some accountants still recommend that their clients use an S Corporation to invest in real estate. LLC, or limited liability companies, have become the method of choice for real estate investors. Most states have laws that permit the use of…
Some Tips On Buying Investment Property vs Buying a Dream Home
If you are looking for your dream home in this real estate market, you might just find it. But are you better off buying an home now and living there for a while and then turning that home into an investment home? Are there tips for people to consider when buying an investment home? What should you…
Selling Investment Property And The Availability Of The Proceeds From Settlement
In some parts of the country, investors will close one day and receive funds from the sale on another day. Those investors should make sure their interests are adequately protected. You don't want to sell an investment property, hand over the keys and not receive your money at closing or settlement…
Home Ownership Costs: The True Cost of Owning and Maintaining a Home
What are the true costs of owning and maintaining a home. If you're preparing a budget, you need to factor in these cost of ownership. Not only will you have to replace fixtures, appliances, and carpet, but you'll need to change filters, batteries and smoke detectors regularly as well. Landscaping…
Great Loan Deals: Can You Finance Investment Property for 4 Percent?
Mortgage interest rates are super-low at the moment. But the best deals are for owner-occupied homes, not for financing investment property. On a recent radio show, a caller emailed Ilyce to ask about a great loan deal she supposedly got when she financed her investment property. Is it the real…
Why Won't The Mortgage Lender Refinance This Investment Property?
Are you thinking about buying investment property now that prices have dropped? Unless you're paying with cash, you're probably trying to figure out how to finance a piece of investment property.
Mortgage lenders are willing to lend cash to those real estate investors who have at least 25 percent in…
Lender Refuses to Refinance Investment Property
Two real estate investors own an investment property together. Both names are on the deed, but the mortgage is in one partner's name only. The partner listed on the mortgage now wants out of the deal and has agreed to sell his interest in the property to the co-investor for $30,000 that is left on…
Make Rental Property Lucrative and Tax-Efficient
When you own a primary residence and turn it into a rental property you will be unable to take the same tax deductions as you would if it were a primary residence. If you later decide to change the property ownership from yourself to an LLC - a limited liability company - that will also affect your…
Home Price Decline Slows In February Per Case-Shiller
Home prices continued to fall in February, although at a slower pace than in January, according to Standard & Poor's Case-Shiller Index which tracks home prices for single-family homes.
“While the declines in residential real estate continued into February, we witnessed some deceleration in the rate…
Timeshare Decision Includes Costs And Vacation Benefits
When you like to take an annual vacation you may decide to consider buying a timeshare. Is buying a timeshare worth it? When you're trying to decide whether to buy a timeshare, you should consider how much it will cost and how much you spend on a vacation on an annual basis. You can consider a…
Second Home Sales Decline in 2008
In 2008, second home sales, among new and existing home sales, declined by more than 30 percent from 2007, announced the National Association of Realtors today.
In many cases, second home buyers who bought vacation or investment properties paid cash. NAR stated that 4 in 10 investment property buyers…
Do Real Estate Investors Make Bad Brokers?
Many real estate brokers also dabble in real estate investing. Investing in real estate themselves could help your broker understand the market and the real estate process. Some brokers that invest in real estate might take advantage of their clients, but not all.
How To Best Spend Cash From Investment Properties
A real estate investor has found himself with extra cash each month and isn't sure whether to pay down the mortgages or spend it on additional investment property. When it comes to investment property, every dollar that goes into the property is written off against the income the property brings in…
Real Estate Investment Trusts Lose Value
The National Association of Real Estate Investment Trusts recently released some new data about REITs.
A real estate investment trust, or REIT, is a way for investors to diversify into real estate without becoming a landlord. REITs own residential and/or commercial real estate and some specialize in…
