October 5, 2016
real estate investing tips

10 Real Estate Investing Tips You Must Know

If you’re looking for real estate investing tips, you’ve come to the right place. I have personally owned investment real estate for years.  With that comes the good, the bad and the ugly and I’m not talking about the movie.  If you’re like me, learning more real estate investing tips is a must so you can be a better investor. So before you launch into the world of real estate investing, here are few items you’ll want to consider. Estimate the Down payment Typically the lender will ask for at least a 20% down payment, and if you pay more than 20%, you will sometimes get better rates. For example,  if you want to purchase a property which cost  $500,000 you may be required to make a down payment of $100,000. Calculate the expenses If you are planning to purchase the property for rental income, taxes are a factor you must consider. Real estate investing tips often center around the gross income. However, do NOT forget to calculate the ‘net income.’ You will have expenses such as taxes, maintenance, fee’s, and carrying cost especially if you have a loan on the property. Always invest in a project which gives a return of […]
August 25, 2016

Is My Personal Home a Good Investment?

Is My Personal House a Good Investment? Is My Personal Home a Good Investment? Real Estate is constantly in the news and often one of those get rich quick schemes. Just take a look around and you’re likely to find a course on how to become a millionaire with real estate. While investment real estate can garner you some income, what about your own personal home. For most people, it is their largest investment. However, is it a good one to make?
August 3, 2016

5 Estate Questions to Ask About Real Estate

Preparing your estate in advance is one of the greatest gifts you can give your family. Many estates include real estate in the form of a primary home, vacation home, and other family properties. While inheriting a property can be a wonderful legacy, it also comes with obligations that heirs may be unprepared or unable to fulfill. If you intend to leave real estate to your heirs, ask yourself these five questions to help avoid creating problems for your loved ones. 5 Estate Questions Will the Property Have a Mortgage? If the property comes with a mortgage or home equity loan, your heirs will need to negotiate with the lender to satisfy the terms of the loan. In many cases, they may need to sell the property to pay off any loans if financial provisions aren’t made elsewhere in the estate. Life insurance is one option for giving loved ones the cash needed to satisfy final debts. What Are the Tax Considerations? If you leave a large estate, your heirs might end up owing state and federal estate taxes on their inheritance. Make sure that your heirs have the financial resources they will need to satisfy the tax bill. If […]
July 18, 2016
Beneficiary of Your IRA

Selling Your Home? – Financially Simple

Selling Your Home? “Selling Your Home”, If you’re putting your home on the market, you may be able to avoid paying taxes on some of your capital gains. Here’s what IRS regulations say: If you show a capital gain on the sale, you may be able to exclude it from your taxes if you have owned and used it as your main home for at least two out of the last five years. You can exclude up to $250,000 (or $500,000 for joint filers), and the Net Investment Income tax will not apply to the excluded gain. You can exclude a gain from the sale of your main home only once every two years. If you claimed the first-time homebuyer credit, special rules may apply to the sale. For more information about tax issues relating to real estate, consult a tax professional in your area or refer to IRS Publication 523, “Selling Your Home.” Tip courtesy of IRS.gov[13] 13 https://www.irs.gov/taxtopics/tc701.html https://www.irs.gov/publications/p523/ar02.html#en_US_2015_publink100011903 So above is the complete details you need to know about selling your home. Please share it with others and stay connected with us.