Results: 76-100 of about 160
Buy Insurance To Protect Rental Property
When you own multiple rental properties you may begin to worry about tenant lawsuits. Is creating an LLC a way to avoid lawsuits when you own rental property? Buying an umbrella liability insurance policy may be a better idea.
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Nov 24, 2006
Helping Parent With Mortgage Payments
A son-in-law wants to help his widowed mother-in-law with her mortgage payments, but be able to deduct the amounts on his income taxes. Is a quit claim deed the best way to handle this for legal and tax purposes? If the son-in-law purchases the home, he could deduct the real estate tax payments and…
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Posted on:
Nov 23, 2006
Helping Parents Plan Retirement Housing
A daughter has suggested her near-retirement parents gift her the money from selling their home so she can buy them a new one and live in rent free. It would be much less complicated if the parents bought themselves a new home or saved the money for their retirement. Or, if the daughter can afford…
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Oct 2, 2006
Condo Board Disallows Rentals
A reader owns and rents out a townhouse in Virginia. The board has proposed to completely disallow rentals, therefore disrupting her retirement income. Sam and Ilyce suggest looking for other successful litigation regarding changes in home assoication by-laws in Virginia.
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Posted on:
Sep 26, 2006
Renting Out Home
What do you do if you've purchased a new home but are unable to sell your old home? You could decide to lease or rent it. If you do that, you have to consider the primary residence tax exemption. To be sure whatever type of lease you sign covers all your concerns. Talk to a real estate attorney to…
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Posted on:
Sep 16, 2006
1031 Doesn't Work Overseas
A 1031 exchange allows you to defer taxes when selling a home by purchasing another one within a certain time period. Unfortunately, 1031 exchange laws do not allow for purchases outside the U.S. Current 1031 exchange rules require you to have designated a replacement property within 45 days of…
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Posted on:
Aug 28, 2006
Landlord Suing For Rent
A renter had his lease transferred from a two bedroom to one bedroom apartment. Now that he has moved out, the landlord is insisting he owes one month of rent. The renter needs to look at his lease to see what terms he and the landlord agreed to.
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Aug 14, 2006
Title Insurance Company Can Discover Deed Problems
Is a general or special warranty deed better for selling property? When selling a residential property, the type of warranty deed you use, or title, isn't so important. A special warranty deed is usually used for commercial real estate sales. During the home sale process, a title company will run a…
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May 8, 2006
Loans Financing New Construction
There are several loans you can get to finance new construction. The loans you can get to finance your new construction include a construction loan and equity from an existing home. However, you must make sure you can make the payments on the loans financing your new construction, especially if you…
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Posted on:
Apr 18, 2006
Renting A Home With Option To Buy
Leasing out a rental property is often a good idea. However, you may want to rent your property with an option to buy. Doing a lease/option allows the buyer to live in the home for a year and pay a non-refundable option for the right to purchase the property in the future at a price that's…
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Posted on:
Mar 7, 2006
1031 Helps Save On Taxes
With an estimated 15 million Americans owning investment property, more people are using 1031 tax-free exchanges in order to defer capital gains. A 1031 exchange is a provision in the Internal Revenue Code that permits an owner of investment property to sell the property and buy a new property…
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Posted on:
Feb 21, 2006
Time For Home Team To Help Home Buyers
Ex-Apprentice, Troy McClain, gets back to the business of helping people finance their homes. McClain spent the 12 years leading up to his shot on the show approving mortgage loans and refinances in Boise, Idaho. After the show, he went back home and tried to figure out how to translate the lessons…
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Posted on:
Feb 21, 2006
Benefits of Lease to Sell
A building owner is thinking about building a commercial office and selling it with a lease to sell agreement. Rather than leasing it, holding onto the building could bring tax benefits for owning commercial property. Using a "lease with the option to buy" could also be an incentive to get…
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Jan 30, 2006
Rental Property, Equity And Taxes
When you own property with a parent or manage a rental property for a parent and then want to get money out of that investment property, it can result in tax consequences. When you want to get some equity out of a rental property you need to think carefully about how to proceed. If the parent quit…
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Jan 30, 2006
Divorce Could Lead To Eviction From Rental Property
After a divorce is completed, can a spouse be evicted from his home? It depends on where the spouse lives and who owns the property. If the home used to be the primary residence of the married couple and the spouse who lives in the home did not win the home in the divorce settlement he can be…
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Jan 30, 2006
ThinkGlink Radio Show for Nov 27, 2005
Ilyce kicks off the show talking about the early retail numbers from the Thanksgiving weekend. Ilyce then takes calls on topics from good online shopping sites for gardeners to renting out a home versus selling a home in the current home market.
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Nov 27, 2005
Taking Renter Won't Violate Ower-Occupied Mortgage
Most home buyers receive a loan on the basis of "owner occupancy." They receive a more favorable interest rate than if the property is purchased as an investment property. A home owner is curious if taking a roommate will violate the terms of the loan. They can probably rent a room without violating…
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Nov 21, 2005
ThinkGlink Radio Show for Sep 25, 2005
Ilyce kicks off the show with a discussion of renting a home versus buying a home, along with the other side of the coin being selling a home now versus later. Ilyce then takes calls on a variety of personal finance and real estate topic, everything from refinancing a 15 year mortgage as rates go up…
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Sep 25, 2005
ThinkGlink Radio Show for Aug 28, 2005
Ilyce opens the show with comments about a recent Alan Greenspan speech about housing prices and possible housing bubble. Ilyce then takes calls and discussion topics including what to do when you have problems renting out a property to pros and cons of real estate investment trusts or REITs.
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Aug 28, 2005
Buying Property Without Spouse
Can you purchase a property without your spouse? It is possible to buy property without your spouse, but it's unclear why one spouse would want to purchase property without the other. Just because a house is titled in one name doesn't mean the other spouse doesn't have a right to that property.
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Aug 19, 2005
Buying Versus Renting
Should we buy a house or rent? This couple plans to stay in one area for at least five years and wants to know if buying might be a better option than renting. If they buy, the property could appreciate and make a worthwhile investment. But if they are looking at an area in a real estate bubble…
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Aug 12, 2005
Selling Rental Properties Tax Free
Want to sell rental properties tax free? A 1031 tax-free exchange is the best option for rental property. There are other ways to sell rental properties tax free, but 1031 exchanges represent the most viable method.
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Posted on:
Aug 5, 2005
The Best Investment For $100,000
Investing $100,000 requires some careful thought and consideration. A fee-only financial planner can help you work through your options and come up with the best investment plan for you.
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Jul 15, 2005
Transferring Rental Property To LLC
Most rental property owners put the title for their property in their own name is the standard, but holding title in the name of a corporation can make sense in certain situations. The advantages of holding a real estate investment in a corporation or limited liability company is to insulate the…
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Jul 8, 2005
Breaking A Lease
If a lease doesn't discuss what it will cost to break it, is the landlord able to set the price to terminate the lease? Or does it mean that you can break the lease without any consequences?
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Jul 1, 2005