Rental property can be easier than owning a home, but it requires its own special set of circumstances. Whether you’re the renter or the landlord, look at the articles, columns, blog posts, radio shows and videos for more information about rental property.
Capital Gains Tax Changes If Primary Residence Includes Rental Property
Renting out part of your primary residence will change how your capital gains tax is calculated when you later sell. If you didn't have a rental property as part of your primary residence, you could save taxes on up to $250,000 of profit from the sale, if you're single. When you have a rental property as part of your primary residence you have to consider what percentage of your property is considered the rental property and your capital gains tax will change. How you use a property affects what kinds of tax deductions you can take and also how much capital gains tax you pay upon sale. You should consult a tax preparer for more advice when you have a rental property as part of your primary residence.
1031 Exchange: Rolling Real Estate Profits Into Another Real Estate Purchase
Investing the profits from one real estate property into another purchase requires the use of a 1031 exchange. A 1031 exchange allows you to defer any capital gains tax owed on profits you earned from selling the first real estate property when you invest the profits into another real estate purchase. There are very specific rules, but if you follow them correctly, the 1031 exchange allows you to defer taxes from the profits from the first piece of real estate as long you own your new real estate.
Landscaping Fence Dispute On Rental Property
When you own rental property and the neighbor to your property sets up a fence that runs over your property line you may decide to ask the neighbor to move the fence. When the neighbor chooses to ignore your request you may have to hire an attorney and take the neighbor to court. Another option is to tear down the fence but you need to fully understand local regulations before doing that.
Real Estate Property Management Software
Here's a question I received online during the show: Dear Ilyce, I listen to you every Sunday without fail- I learn so much from you. Thank you so mu...
Renters Renting In A Foreclosed Home
If you're a tenant in a property that is foreclosed on, what are your rights? I recently answered this question from a reader, and it appears that the...
1031 Exchange: 3 Rules For Property
When you're doing a 1031 tax exchange you need to follow three rules for identifying property. The three property rule allows you to consider three replacement properties without taking their fair market value into account. If you're looking at more than three properties for a 1031 exchange, you may be subject to the 200 percent rule or the 95 percent rule. Learn what these 1031 exchange rules are.
Rental Property Foreclosure Forces Tenant Eviction
If you are renting a soon-to-be foreclosed property, will you be evicted? What happens if you pay your rent, but your landlord did not make the mortgage payments and the property entered foreclosure. What does the eviction process look like for a renter of a foreclosed property? Ilyce offers advice about the foreclosure eviction process.
Ilyce Glink on WSB Radio – September 14, 2008
Today on the Ilyce Glink Show, we provided tips on how to save money at the grocery store as well as what are the top 10 biggest budget drains. We took calls about PMI, investment property, credit card fraud and how to protect yourself, how to get a better financial settlement from lost airline luggage, using retirement savings to buy a house, deducting the interest on a second property, rules for selling an investment property after turning it into a primary residence, great money saving suggestions on food, capital gains tax, and rental properties. Ilyce also talked about Lehman Brothers and the stock market. For show notes and updates through the week, check out her blog at www.thinkglink.com/blog , and sign up for her free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. And be sure to subscribe to her YouTube channel.
Ilyce Glink on WSB Radio – September 8, 2008
Today on the Clark Howard Show, Ilyce Glink filled in. She discussed the Federal Government's takeover of Fannie Mae and Freddie Mac and walked listeners through what might happen to mortgage rates, housing prices, loan adjustments and Freddie and Fannie bonds. She took calls about refinancing, short sales, foreclosures, buying a house, rental properties, social security and spousal benefits, home repair fraud, and buying on debit cards. For show notes and updates through the week, check out her blog at www.thinkglink.com/blog , and sign up for her free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. And be sure to subscribe to her YouTube channel.
Consider Lease Purchase In Tough Housing Market
If you're trying to sell your home in a tough housing market you might consider offering a lease purchase. In a lease purchase the seller rents the property to a tenant who may later buy it. The tenant puts down a non-refundable option fee which goes toward the purchase of the home. Learn about how lease purchases work and if it's the right choice for you.