What happens if I transfer a commercial property to an LLC? Is there a capital gain because the basis gets stepped up or does the owner's basis remain unchanged. You may need an appraisal of the property to determine what your gain was and depending on how long you held the property, you will owe tax on the sale.
Buying a house? The house you want to buy may be more trouble than its worth. Sometimes the best thing that can happen is to have to let a house "get away" because it has too many problems. It's tough, but usually it's a blessing in disguise.
Ilyce discusses a couple articles on employment and salaries in America. Ilyce then takes calls on topics from paying off credit card debt by selling stocks to the affect of equity lines on credit scores.
When the real estate market is booming and home prices are high, you may be wondering whether it's a good time to buy a home. Are homes including condominiums overpriced in a real estate market bubble? And what can you do to protect yourself when you're buying a home in a real estate market bubble?
Lowering credit card debt is a noble objective for all of us. Maybe you need to switch credit cards? Finding a new credit card is a good move if your old credit card has high interest rates and stiff fines. Here's how to find a good credit card and what to watch out for.
This homeowner has two properties in different states and isn't sure which to take out a home equity loan on. One home is planning on being sold soon, so taking out a home equity loan on that home will allow it to be paid off when the home is sold. A mortgage professional can help discuss the home equity loan and whether the second property should be refinanced.
Wondering how to save money? This article gets you started with saving and makes sure your savings plan works for your personal finance needs.
You've got money to invest for your children's college educations, but where's the best place to invest? This article provides a few useful investment suggestions for those of you who are saving for college. Remember, it's a good idea to discuss these with a trusted investment advisor before you make the investment.
