real estate investment: HALF PRICE TICKETS - 09/22/10 02:55 PM
RealtyJoin is an up and coming site for real estate investors. It's like Active Rain but more focused on investing. If you sign up for an account you can go to my profile on find a discount code for HALF OFF TICKETS to my How to Profit from Foreclosure and Other Real Estate Investments event October 2 in Atlanta.
Last year, more than 400 people attended our hugely successful How To Profit From Foreclosures event. If anything, the real estate market is in even worst shape than last year - which means more opportunity for today's real estate investors.
At this … (0 comments)
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real estate investment: Capital Gains Tax On Real Estate Does Not Apply For Most Home Sales and Purchases - 04/14/10 06:21 PM
Confused about capital gains taxes? Capital gains tax on real estate doesn't apply to most home sales and purchases. An easy way to determine if you owe taxes on your real estate is to calculate the profit of your home sale.
Read the full story about capital gains taxes at ThinkGlink.com
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real estate investment: Top Three Real Estate Investing Mistakes - 04/02/10 04:07 PM
Everyone makes mistakes, but if you want to be a successful and profitable, these are three real estate investing mistakes you can avoid making. Get ahead in the game and avoid these top real estate investing mistakes.
But real estate investing isn’t a “get rich quick” scheme. In fact, the same mistakes investors make when investing in stocks and bonds apply to real estate investors.
Don't make these mistakes:
1. Buying real estate on impulse.
Whether you’re buying stock, or a foreclosed townhouse to rent out, impulse buying is a bad idea. You need to know what you’re buying, and what … (6 comments)
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real estate investment: Is Land A Good Investment? - 12/11/09 12:16 PM
Buying Land From A Neighbor And Holding It As An Investment
Q: I own 5 acres (about half of which is usable) and am thinking about buying a one-acre lot adjacent to my property. Is this a good investment?
We may use the land eventually, but what do you think the chances are of making a profit if we decide instead to sell it in the future? I would love your input.
A: If you paid less for your land than what the developer is now trying to get for a lot that is far smaller than yours, you might find … (2 comments)
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real estate investment: Phantom Income - 11/15/09 09:04 PM
When an investment property is sold as a short sale, it generates what is known as "phantom income."
When an owner sells a property through a short sale, the lender will send a 1099 for the difference between what was owed and the amount accepted on the loan.
The release of indebtedness by that lender – what you should have paid back the lender – is considered a “gift” from the lender to you. The IRS considers that amount to be taxable income. That’s why the amount that is forgiven is taxed.
Some people refer to the release of … (3 comments)
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real estate investment: Great Mortgage Loan Deals: Can You Finance Investment Property for 4%? - 06/08/09 05:17 PM
Mortgage interest rates are super-low at the moment. But the best deals are for owner-occupied homes, not for financing investment property. On a recent radio show, a caller emailed Ilyce to ask about a great loan deal she supposedly got when she financed her investment property. Is it the real deal?
Question: On your radio program one Sunday, you mentioned that you got a very low intereste rate when you refinanced an investment piece of property that you owned. I believe the interest rate on the loan was in the 4 percent range. That sounds just too good to be true. … (0 comments)
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real estate investment: Make Rental Property Lucrative and Tax-Efficient - 05/09/09 04:05 PM
When you own a primary residence and turn it into a rental property you will be unable to take the same tax deductions as you would if it were a primary residence. If you later decide to change the property ownership from yourself to an LLC - a limited liability company - that will also affect your taxes, on both a federal and local level. How can you make a rental property be a lucrative investment and also bring you tax benefits? How can you protect yourself from liability if someone gets hurt on the property while you have it rented … (1 comments)
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real estate investment: Do Real Estate Investors Make Bad Brokers? - 03/31/09 05:24 PM
Many real estate brokers also dabble in real estate investing. Investing in real estate themselves could help your broker understand the market and the real estate process. Some brokers that invest in real estate might take advantage of their clients, but not all.
Question: My real estate broker buys a lot of properties. My brother-in-law says that's a bad sign because he may be taking advantage of sellers.
I did become a little concerned last week when the broker recently suggested that I should lower my price if I want to sell. What do you think? Should I find another broker?
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real estate investment: Waiting for a Sign from Congress Before You Buy?: Home Buyers Could Get Tax Credit - 02/08/09 10:52 AM
Summary: If you're a first time home buyer or other home buyer you may be able to take a tax credit of $7,500 to $15,000 on your home purchase, if you live there for at least two years. Congressional leaders believe this tax credit for buying a home will help stimulate home sales and grow jobs. But what about real estate investors, who bought up many homes in the past several years? If the tax credits don't help them, will the country achieve an optimal level of home sales?
I receive hundreds of emails each week -- sometimes hundreds each day … (0 comments)
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real estate investment: Gift Tax On Real Estate Investment? - 01/24/09 02:34 PM
Summary: What's the best way to pass a second home on to heirs? If you don't want to pay capital gains tax on a sale or a gift tax you should give your heirs an ownership share of the home gradually. If you give an amount of the real estate investment equal to the amount that's not subject to gift tax you can avoid gift tax. Right now you can give people up to $13,000 a year tax-free. That protects everyone from paying capital gains tax or gift tax on this real estate investment.
Q: I bought a second home … (0 comments)
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real estate investment: Should You Invest in Real Estate? - 07/31/08 04:47 PM
Summary: An investor asks about buying a real estate investment. The investor has calculated the return on investment for the real estate investment properties he's considering. But has he considered other real estate investment issues such as tenant demands and property maintenance? Taking those costs into account may change the investor's mind about buying a real estate investment.
Q: I have decided that if I am to invest in real estate, it will be single family ranch style houses with the goal of breaking even on a monthly basis. I'll either hold the property long-term (if it looks like I'll make … (0 comments)
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real estate investment: 1 in 5 Homebuyers is a Single Woman - 07/29/08 04:32 PM
If you're a single woman and debating whether to become a home buyer you're not alone. It's no longer unusual for women to buy homes by themselves. Still, it's good to be prepared for the possibility of discrimination when you are buying a home.
Video Transcript
I'm Ilyce Glink with expertrealestatetips.net. You know, it used to be taboo for single women to buy homes by themselves. That's no longer the case. Some real estate professionals even specialize in working with single women of all ages.
Graphic: One in five homebuyers is a single woman.
In … (4 comments)
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real estate investment: The Importance of Title Insurance - 07/29/08 11:39 AM
Summary: Should I buy title insurance? Not buying title insurance is a mistake, writes Ilyce Glink. Her advice? Get title insurance and give yourself peace of mind.
Q: We’re about to purchase a new home in a 55+ senior community in New Jersey. The builder is the largest in the state and last year was builder of the year. We feel we don't need to buy title insurance as we're not financing and all the approvals have been in place for years on the property. What is your opinion ?
A: Buy title insurance. There are loads of reasons to get … (2 comments)
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