In order to take advantage of the up-to-$500,000 exclusion of gain (or up-to-$250,000 if you file a tax return as a single taxpayer) the house you sell has to be your “principal residence”. Under most circumstances, we do not need a legal definition of this concept. “This is my house, and I have lived here […]
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Question. My wife and I are retired and are in our seventies. We have two children, and our house is currently worth approximately $300,000. We purchased the property many years ago for $32,000, and currently have a very small mortgage and a $40,000 home equity loan. We are debating on whether to sell the house […]
Are Millions Of Boomerang Buyers About To Ignite The Real Estate Market? Houston Prime Realty Remember all those people who defaulted on their homes during the last housing crisis? Well, those bankruptcies are about to be discharged, or they already have been, and that means we could soon see an avalanche of homebuyers hitting the […]
Congress is currently talking tax reform. Two very important real estate benefits are on the so-called “chopping block”, either to be completely eliminated or significantly curtailed. It is doubtful that the home owner exclusion of up to $500,000 (or $250,000 if you file a single tax return) of profit will be impacted; there are too […]
Question: The contract I just signed to purchaser a house contained the following language: “If the buyer defaults, the earnest money will be forfeited to the seller. This is to be considered liquidated damages and not as a penalty”. Can you please explain what this means? Beth.Answer: Shame on you, Beth, for signing a contract […]
If you’re thinking about getting rid of your home office, or you’re trying to decide between a home office and creating another type of space in a new home, you have options. Use this guide to learn more about what’s replacing the home office. 1. Family Rooms Spending time with your family should be important. […]
Thinking about investing in turnkey properties? Make sure you read this article which reveals the 5 secret keys to building a passive cash flow with turnkey property – which works here in the zip code, and elsewhere. Most people work their whole lives and then retire at 65 with little to show for it. But […]
Want to invest in turnkey properties? Of course, you do because they make a great addition to any portfolio. In this blog post we’re sharing how to find turnkey rentals in Locally… Turnkey rental properties are a great addition to any investor’s portfolio – they’re hands off, they’re simple to own, and they provide cash […]
If you’re thinking about investing in turnkey real estate then one of the things you should be aware of is the management team that will look after your property. So, in this article, we’re sharing 3 things to consider of turnkey management company in Locally or . Owning a turnkey rental property should be a […]
Are you thinking about buying a turnkey property in Locally? Make sure you read this blog post to find out what you need to know before buying a turnkey property in Locally or the surrounding area. This information could help you find the right investment and avoid the wrong one! There are many different kinds […]
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