A 1031 exchange is an investment property exchange process that can assist in deferring taxes. We answer a question here. Q: I currently own two rental properties. The first house is paid off. The second property still has 14 years on the mortgage. I am considering selling the first house because it's not earning all [...]
Save money this Valentine's Day with these top 10 tips on how to enjoy Valentine's Day while on a budget. Love it or hate it, Valentine’s Day is just around the corner. And whether they’re spending it with the love of their life or just some friends, consumers are expected to spend an average of [...]
Are you selling a house without a Realtor? Seller financing and selling a home without an agent has its cost and benefits. Q: I appreciated your article on the advantages and disadvantages of holding title to a home in a limited liability company (LLC). I have a house in Maryland that is valued at around $350,000 [...]
Home improvement projects can be financed in different ways. The best options depend on if you want to refinance or use your savings. Q: I have about $30,000 in savings and want to finish my basement. Would it be best to use the cash I have in savings to pay for it or should I [...]
If your loan modification is not enough, you might want to sell your home and find a more affordable home. Q: The good news is that we got a loan modification. Unfortunately, the amount is now too high because my husband's income has decreased. My income is just enough to cover our house payment and [...]
If you can't afford your mortgage, you should try to sell your home in a short sale. Q: I live in Georgia and have a house that I bought last year. Unfortunately, I can’t afford the house any longer. I’m not sure what to do. Should I do a short sale or should I just [...]
Economy contracts as Dow rises, showing healthy stock market investment that could be trouble for jobs this year. Mortgage loan interest rates also rose. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show on February 3, 2013 at 11:00am Eastern Time on WSB Radio. Welcome and [...]
For today's show, Jed Kolko, Grant Cardone, Daren Blomquist and Steve Cook join me to talk about recent trends and hot topics in personal finance and real estate on the Ilyce Glink Show on January 27, 2013 at 10:00 a.m. Central Time on WSB Radio. These four smart folks had a lot of great things [...]
Personal finance and real estate with special guests Jed Kolko from Trulia, Grant Cardone, Daren Blomquist of RealtyTrac and Steve Cook, Managing Editor of Real Estate Economy Watch. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show on January 27, 2013 at 11:00am Eastern Time on [...]
Applying for a loan modification can affect your credit score while you wait for your loan application to be processed. Q: Unfortunately, I am stuck with one of the worst monster mega banks for my loan modification. When I applied for a loan modification, they classified me as "delinquent" while they were processing my application. [...]
