When you want to start buying investment property you want to assemble an expert team. Look at your first home as investment property. And always have an exit strategy when buying investment property. Look here for more advice for handling investment property and information about laws and regulations for investment property.
Renting A Residence and Owning Investment Property
Many people live in communities where they can afford to rent, but not buy. It may be a good idea to buy investment property in a different, more affordable, community. But there are precautions to buying investment property that isn't close enough for you to maintain and keep an eye on.
Flipping Properties: Generate Instant Cash Profits in Real Estate
Real estate investing has historically been one of the most consistent ways to achieve great wealth. Focusing on proven strategies for buying and sell...
Cash Out Refinance To Purchase Investment Property
Can you use home equity to purchase investment property? Or should you do a cash-out refinance? Current tax law allows you to borrow up to $1 million on a first mortgage and up to $100,000 on a home equity loan and still deduct the interest paid. But when it comes to investment real estate, the real bonus is being able to write off your expenses against income that the property generates.
Selling Investment Property Bought Pre-Construction
Can you sell investment property that you bought at pre-construction prices, before actually buying the property. Ilyce advises the reader that you can flip your investment by selling it to another person even though you bought it at pre-construction prices. When you sell the pre-construction investment property, the new buyer pays a fee to have the original purchase contract assigned to him or her.
Never Too Old For Real Estate Investments
Is it too late to start investing in real estate property? To be successful with investment property you must be willing to take the good with the bad when it comes to managing tenants. Ilyce reminds the reader that 50 is the new 30 if you are cut out for the landlord business.
First-Time Home Buyer Investment
Young and single individuals age 21 to 25 are the fastest-growing portion of first-time buyers. Although some of these home buyers are purchasing homes they will live in, others are purchasing these homes as investments. Real estate has long stood the test of time as an investment. It generally appreciates slowly, at just above the rate of inflation. For most of us, our biggest investment in real estate will be our own homes.
100 Percent Investment Property Loans
Investing in real estate? When it comes to investment property, 100 percent financing has always been hard to get. These days the big guys still have access to lending sources and financing for their investment real estate purchases. However, if you are a new comer to real estate and are looking to finance investment property, you had better have money to put down. If you need help on how to find financing for an investment property, you won't be alone. As less lenders are willing to work with buyers and borrowers of investment real estate properties, buyers and borrowers of investment real estate properties are having a hard time. Seller financing may be an option for some investment properties, but having quite a bit of money to put down on the purchase will also help real estate investors.
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 shareholders from lawsuits that may come about from the ownership of the property.
Mixing Rental And Personal Income
Is there a problem when co-mingling personal and investment finances? Unless you have a corporation or business structure set up, having one bank account for personal expenses and a business, like a rental building, is OK. However, you want to make sure you keep very clear records in case you're audited.
Buying Investment Property Book Review
Ilyce reviews Robert G. Allen's book, "Nothing Down for the 2000s." Far more than most of the get-rich-quick books in this category, Allen lays out realistic real estate scenarios and thoroughly explains how it's all going to work. Although the book does a good job of supporting the reader to reach just one conclusion - you will get rich buying and selling property if you do it right - it also does a good job of explaining the details.