12 Daily Pro Follow Up
Dear Ilyce: I wrote you a couple of weeks ago about your 12DailyPro comments on the radio. Apparently the "scam" has collapsed. Soon after my email to...
Real Estate Investment Includes Wholesale Selling
One type of real estate investment is wholesale selling. Wholesale selling is another expression for the practice of buying real estate and flipping it intentionally below its cost in order to move it quickly. Wholesale real estate transactions usually take place between real estate investors, not your regular home buyer and seller.
Tax Implications Of Flipping Real Estate Before Construction
This reader is hoping to flip a property before it is constructed but is concerned about the tax implications. Ilyce explains if you make a profit by selling something that you own, even if it's real estate that gets flipped before construction is complete, you have a taxable gain. Just what kind of tax gain you would get flipping pre-construction real estate, hinges on the question of what it is that you bought and when you are considered to have made the purchase under tax law.
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 he learned on the show into building his business.
50-Year Mortgages — Are You Kidding Me?
On the Ilyce Glink Show today, I talked about how some lenders are talking about issuing 50-year mortgages. What's that about? Some lenders currently ...
Ilyce Glink on WSB Radio – February 19, 2006
Ilyce starts her radio show talking about very long-term mortgages. Ilyce then takes calls on real estate, personal finance and consumer issues topics -- from paying for home remodeling to using retirement money to pay off a mortgage.
Thursday Is Column Day
I'm often asked how I choose topics for columns. Honestly, sometimes I'll read something in a newspaper, magazine or online and it sparks an idea. Or...
Advantages Of Buying With Cash
Paying off your home early will have you sitting pretty to save for retirement. If you are in the position to live house-payment free (except for your property tax bill each year), that will give you a lot of extra cash to put away for your retirement. Continuing to invest in real estate can also give you big returns and add to your retirement pot.
Home: For (Whole) Sale
A prospective home buyer has spotted a home with a sign stating it is for (Whole) Sale. When it comes to selling a home, wholesale isn't usually an option. Listing the home as wholesale could be a marketing technique.