Buying a flipped house: nightmare. This homebuyer discovered a host of expensive repairs right after moving into their new home. Buying a Flipped House: Nightmare Q: My question relates to buying a house that was flipped. I searched Ilyce’s website and only found articles for those who were flipping houses, not for buying what turns [...]
How capital gains tax on the sale of a property held in a trust works. This reader wants to know if they can claim a capital loss on the sale. Q: I enjoyed your column in the Washington Post. I am trustee of my father's trust. Upon his death, his 50 percent interest in the [...]
How do I get rid of PMI on my mortgage? What can you do if you don’t want to pay private mortgage insurance on your mortgage loan? Q: I appreciate your articles and landed on your site after reading your article on prepaying your mortgage. I have a question for you about mortgage loans, private [...]
Using an LLC to transfer property from parent to child. This reader wants to know how to avoid future gift taxes transferring property to their son’s LLC. Q: We are subscribers to Ilyce’s Expert Real Estate Tips YouTube channel. Thanks so much for sharing such good advice and tips. We jointly bought a rental property [...]
How do water leak detectors work? How new technology uses artificial intelligence to detect water leaks and prevent water infiltration. Several months ago, we went to the Housewares show in Chicago. There were a couple of companies showing off their latest technology for detecting water leaks in homes. What Causes Water Infiltration? Water infiltration is [...]
Imagine waking up one morning and finding your home is worth about half what you paid for it the previous month. That’s exactly what happened to homeowners in Southern California in the late 1980s when two naval bases closed and thousands of workers were laid off. Everyone tried to sell at the same time, and [...]
A near-retiree can't use her retirement savings for a few years, but is ready to quit working and wants to know what her options are for health insurance. Health insurance is expensive, but COBRA and the AARP may be options. Not having health insurance could be financially detrimental.