WSB Radio’s Ilyce Glink Show: Refinancing an FHA loan, selling your first home and cutting back on spending. On this week’s Ilyce Glink Show on WSB radio, Ilyce explained the first rule for her concept of “rebuilding America one house at a time”—getting yourself back to ground zero. Ilyce’s idea for rebuilding America starts at [...]
Transfer on death deed vs. quitclaim deed: what's the difference? A transfer on death deed is not the same as a quit claim deed. Q: I have read many articles from you concerning quitclaim deeds. I have a very specific question related to it. Does the IRS say the grantor is giving a gift to [...]
If you're buying a condo while in school or want to know if you should buy a condo now, be sure to do your homework. Q: My son is a graduate student and working for a retailer while in school. He wants to buy a high-rise condominium in Atlanta, Georgia. He’s going crazy with [...]
Converting a condo building to apartments or a hotel requires getting a majority ownership of the condo building. Q: I've been a loyal listener to your radio show since 2006. I also purchased your book "Buy Close, Move-In." I am looking to buy a building that was formally a hotel (converted into condominiums quite some [...]
Should I refinance for 15 or 30 years? When refinancing a rental property, think about your long term and short term goals. Q: I am interested in refinancing a rental property that qualifies for the Home Affordable Refinance Program (HARP). I owe $91,000 on the first mortgage and I have a second mortgage at $19,000. [...]
WSB Radio’s Ilyce Glink Show: Buying a foreclosed home or condominium, managing your personal finances and using smart spending tips. On this week’s Ilyce Glink Show on WSB radio, Ilyce talked about her concept “rebuilding America one house at a time,” which is about learning how to make smart decisions about finances. Rebuilding America starts [...]
There are many mortgage fraud cases these days. Selling a house to yourself is considered mortgage fraud, which is illegal. Q: I just formed an S Corporation and I would like to raise some capital. Can I buy a house with my corporation at a good deal then sell it back to myself with a [...]
When wondering how to plan for the future financially, always remember to spend less than you earn and pay down your debt. Q: My wife and I have been married more than 30 years, but we don’t have any kids. In our adult lifetimes we have owned 11 homes in the United States and United [...]
Buying a car while refinancing your home can cause some problems if you don't have a lot of cash available. Q: Is it ok to buy a car while I am refinancing my home if I am paying cash for the car? A: If you don't take out a loan for the car and you [...]
Giving land to children? Be careful. Giving property to children can cause many problems if you haven't done your research. Q: My parents have agreed to deed two acres of their property to me plus an easement for the driveway back to the future home site. The land was surveyed. The county has confirmed that [...]
