Refinance Mortgage Or Get Home Equity Loan
You may want to refinance your mortgage but because high debt like medical bills, getting a home equity loan may be the better option. Home equity loans are often faster and cheaper to get than going through the process of refinancing your mortgage.
Capital Gains Tax: Move To Smaller Home To Avoid
A home owner wonders if they should down size to a smaller home to avoid capital gains tax. Ilyce suggests they consider which of their options has a bigger profit potential despite the capital gains tax. Ilyce explains the possibilities of profit potential from both houses to help the home owner…
Real Estate Agent: Having A Successful Real Estate Career
Real estate agents can have a long successful career as long as they take several steps to do so. A potential real estate agent must take the state-approved licensing course. Once you've gotten your license, a new real estate agent must get a job with a broker who can hold the license. After a few…
An ex-husband and ex-wife are selling a home they own together, but the ex-husband will not make the house presentable for sale.The ex-wife has a right to make sure the home is presentable for sale. But the ex-husband may try to make it difficult for her and the real estate agent to view the home…
Real Estate Investor Schemes: Worth The Money?
Ilyce offers real advice on how to become a real estate investor without shelling out tons of money for real estate schemes. Avoid paying thousands for middle of the night infomercials telling you the secrets to being a real estate investor, and use that money towards a down payment on your first…
Good Faith Estimate: Mortgage Lender Gives After Loan Is Applied For
A home buyer wonders about the limits of a good faith mortgage estimate and when a mortgage lender will offer one. A mortgage lender usually provides a good faith estimate after the home buyer has applied for a mortgage loan. Ilyce points out several good online resources to help the buyer select…
First Time Home Buyer Concerned About New Construction Developer's Mortgage Lender
Should a first time home buyer apply for a mortgage loan with the lender suggested by the new construction's builder? Often new construction companies and builders partner with a lender. The only way for the first time home buyer to figure out if the builder's lender is offering the best deal is to…
Home Buyers Need Real Estate Agent To Work With Developer
A prospective home buyer looks at several new home developments without an agent and then wonders if they will have trouble using an agent when they buy property from the developer. Ilyce agrees the potential home buyer may have a difficult time with the developer since they did not have a real…
Real Estate Agents: Offering Comparative Marketing Analysis Good Business
Most real estate agents offer comparative marketing analysis to potential clients for free. It's good business for real estate agents to offer a free comparative marketing analysis, because if a person is selling their home, they will be in the market to buy a home as well. By offering a free…
Mortgage Pay off Using Home Equity Line Of Credit
Can you use a home equity line of credit to pay off a mortgage? If the home equity line of credit has a lower interest rate, this may be a good way to pay off your mortgage. You may want to take the bank's offer of a home equity line of credit to pay off the mortgage if there are no fees to open the…
Mortgage Lender For Buying Property And New Construction Home
Where do you go to find a buyer's broker to buy property, and then find a mortgage lender to finance the land and the building of a new construction home? Go online to www.NAEBA.com, which is the website for the National Association of Exclusive Buyer Agent to find a mortgage lender to buy the…
Invest Home Equity In 401(k) Or IRA?
Can you invest a portion of your home's equity in your 401(k) or IRA? The IRS might prohibit home owners from investing a personal residence into an IRA or 401(k). Go irs.gov to find out whether it is legal to invest your home's equity into a 401(k) or IRA.
Buyers And Sellers Agents Who's Responsible For The Home Owners Property
Who is responsible for making sure a homeowners' property is safe- the buyer's agent or the seller's agent? The reader believes the buyer's agent should be responsible for the homeowners' property by locking the door after showing a house. Ilyce says the seller's agent is responsible for the…
Real Estate: Hire Attorney Before Dividing Property Money Between Siblings
What's the best way to sell land and divide the money between several siblings? Ilyce suggests hiring a good real estate attorney to help sell the property and divide the money.
Real Estate Investing Courses, Books, And Advice
A new real estate agent is interested in pursuing real estate investments and asks Ilyce's advice about several courses and experts. Ilyce recommends not spending a lot of money on real estate investment courses. But she does recommend several inexpensive books and brochures about owning investment…
Investment Property: Rental Home Or Condo Or Vacant Lot?
What kind of investment property should you buy - a single family home or condominium or vacant lot. Ilyce recommends buying a condo or home as investment property in order to get a better return on the investment. Ilyce says buying a vacant lot is generally a poor investment, even if you plan to…
Real Estate Investment Advice, Books, Seminars
There are several resources for advice and information on real estate investments. Ilyce gives advice on books, seminars and websites for so you can get more knowledge about becoming a real estate investor, as well as recommending you get a real estate attorney and real estate agent for help.
Lease Or Own Land: Depends On Primary Residence Or Vacation Property
Deciding whether to lease our own land depends on whether the property is going to be a primary residence or vacation property. A reader wants to "purchase" land that Georgia Power owns, but it's a 99-year lease, instead of actually owning it. Ilyce explains that a 99-year land lease means that…
1031 Exchange: Saving Money With Real Estate Investment Property
Understanding 1031 exchanges and how they work with investment property can save you a lot of money. In some cases, you can save more than $10,000 in taxes if you use a 1031 exchange when selling investment property.
1031 Exchange: Profits From Commercial Property Can't Pay For Personal Property
1031 exchanges can only be used in "like-kind" exchanges, meaning you can't use profits from a commercial property sale to pay for personal property. If you do use profits from a commercial property sale to pay for personal property, the 1031 exchange does not apply and you can get hit with big…
Rental Property: Buying Rental Property Out Of State
Check out all the laws and requirements if you're buying rental property out of state. Owning rental property out of state can be a good investment, but just make sure you have a list of rules and requirements. Owning rental property out of state means you won't always be able to get to your…
Property Tax Bill: County Assessor Documents Mortgage Lender's Tax Bill Payment
Your county assessor's office will give you a copy of your property tax bill and let you know if your mortgage lender has made your payment. The mortgage lender may not always send you a copy of your property tax bill so it's your responsibility to make sure your property tax bill has been paid. If…
Refinance Home And Turn Into Rental Property
If you're looking to turn your current home into a rental property and buy a new home, you may want to refinance your current home to get the cash you need. If you refinance your current home before using it as rental property, you may be able to pull cash out without paying the investor premium…
Real Estate Investing: Getting Started In The Real Estate Business
The best way to get started in the real estate investing business is to learn the business. You don't need your real estate salesperson's license to get started in real estate investing, but it will give you the basic knowledge you need. Working part-time in a real estate business after getting your…
Real Estate Advice For Beginning Investment Property Buyers
You may be considering buying investment property. If you're a first time real estate investor, what books should you read? What research should you rely on when you're starting your real estate investment search? Can you trust material put out by Carleton Sheets? What other real estate books can…
