very year, it seems like the same things are on the list but this could be the year you really do invest in a rental home.Rents are climbing, values are solid and mortgage rates are still low for non-owner occupied properties. A $150,000 home with 20% down payments can easily have a $300 to $500
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12/27/2016
In 1966, a gallon of gas was $0.32 and today, it is $2.49. A dozen eggs were $0.60 but they’ve only doubled to $1.33. A gallon of milk was $0.99 and today, it costs $3.98. You could send a letter for five cents and now, it costs forty-seven cents.The average cost of a new car in 1966 was $3,500 a
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12/21/2016
Since the election, rates have started going up and it will have a direct effect on the cost of housing. There is a rule of thumb that a ½% change in interest is approximately equal to 5% change in price.As the interest rates go up, it will cost you more to live in the very same home or to keep t
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12/21/2016
During the Great Recession, some homeowners elected to rent their home rather than sell it for less than it was worth.IRS tax code allows for a temporary rental of a principal residence without losing the exclusion of capital gain based on some specific time limits. During the five year period en
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12/21/2016
Mortgage approval isn’t final until it’s funded. Things can change prior to the loan being closed that can affect a pre-approval such as changes in the borrowers’ financial situation or possibly, factors beyond their control like interest rate changes.Good advice to buyers is to do nothing that
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12/04/2016
A person called into a radio talk program with a situation that was troubling to the caller and disturbing based on the potential tax liability that may have been avoided.The caller’s elderly father had deeded his home to his daughter a few years earlier because in his mind, his daughter was goi
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12/04/2016
