Homeowners may want to use electronic monitoring equipment — video and audio — to monitor guests in their home in two situations. One is when a homeowner is selling her house and wants to monitor potential buyers during showings. The other is when the owner rents out a house via Airbnb. Is this sort of… Read more »
incCountless Americans have built enormous wealth by owning investment real estate. However, the biggest challenge for entry into this lucrative field is raising the capital to buy properties and pay for renovations and repairs. Here’s a quick study on investment property financing. Two main categories of investment properties Although there are several ways that investors… Read more »
When you buy an investment property to rent out, you put lots of money and effort into the purchase, renovation and repair to make it ready. Great tenants make your investment pay off, but to get them, you must also put time and money into finding and keeping them. Here’s how to screen potential tenants…. Read more »
Most homeowners sell their houses to traditional buyers who plan to make the property their home. But investors also buy homes, and sometimes it may be advantageous to sell to one. What are the pros and cons of selling your home as investment property? Advantages to selling to an investor You may have purchased your… Read more »
For many Americans, owning investment real estate is a steady path to financial security. Renting out your investment property means positive cash flow, and you can use those rental payments to build your equity in the home. But along with these benefits comes responsibility for reporting income and expenses to the Internal Revenue Service. Let’s… Read more »
Owners of business or investment property may want to sell and reinvest in a similar new property. An IRS rule allows you to accomplish this goal while deferring capital gains taxes on the property sale through a transaction known as a “1031 exchange.” Here’s how this complex but beneficial provision of the tax code works…. Read more »
