Ilyce

Capital Gains And Depreciation On Investment Property Sale
If you have owned investment property for some time, you might be surprised to find out that even if the property's value has not appreciated, you might have to pay taxes on its sale. While most people are familiar with capital gains taxes, others forget that they have received a benefit from depreciating the property while they have owned the real estate. Once they sell the property, they have to pay back that depreciation. One way to defer all taxes on the sale of an investment property is by using a 1031 tax deferred exchange.

There are all types of scam artists out there. Sometimes it's hard to tell the difference between legitimate companies and scam artists.
There are people out there claiming to be forensic mortgage loan auditors. These people have expertise in the rules and regulations governing mortgage loans and if a lender has failed to comply with federal or state laws governing mortgage loans, you might benefit from their services. But not everybody benefits. Particularly if the forensic auditor requires a hefty upfront payment for services. As with any service out there, make sure you check the company out and never pay anybody anything until they are able to successfully obtain what they have promised you. The more you know and learn, the better off you will be.

If you thought that the real estate market had troubles, have you tried getting a loan on a condominium lately. New rules and regulations from Fannie Mae, Freddie Mac and FHA, have sent condominium associations scrambling to make sure that owners and prospective buyers can get financing for units in those developments. When you shop around for a new home, you might want to talk to your mortgage lender or mortgage broker before buying a condominium to see what issues you might face in your area. With that knowledge, you might avoid certain condominiums with known problems and target buildings where mortgage loan financing is easier.

$8000 First Time Home Buyer Tax Credit Lost By One Day
As the days of the $8,000 first time home buyer tax credit come to an end, buyers should make sure they know the restrictions on time and income to obtain the credit. You must have a contract signed on or before April 30, 2010 and must close on the purchase on or before June 30, 2010. One day late, and you won't get the tax credit. Also, if your adjusted gross income is over $125,000, if you are single, or $225,000, if you are married, you will get a reduced credit or none at all. You may want to talk to your accountant to see where your income stacks up to make sure you get the home buyer tax credit.

Herman Cain Show Notes - March 22, 2010 - Health Care Reform Passes. Although Ilyce Glink is filling in for Herman Cain, Herman is going to call in from Las Vegas at the start of the show to talk about Health Care Reform. Do you agree with health care reform? Do you think we need our health care system reformed? Check out the Washington Post's interactive link that allows you to see how you'll be affected by health care reform.

The worst economy in decades has been followed by an incredible 60 percent bounce in the stock market. Some economists are predicting we'll have a double-dip recession while others think the worst is behind us. Most investors are scratching their heads, wondering "What's next?" Together, we'll explore this new world of investing. We'll look at short-term and long-term investments, retirement savings and your child's college education fund. We'll look at stocks, bonds, ETFs, real estate investing and the biggest mistakes investors make.

Invest Your Money Wisely in 2010. Learn how to deal with a stock market that seems irrational. Should you invest in bonds in an era or rising interest rates? And, how big a share of your investment portfolio should be international equities? All of the answers to these questions will be found at our next event: HOW TO INVEST YOUR MONEY IN 2010. Buy your ticket today and get 40 percent off the ticket price. Rob Goshen, a senior vice president with Mesirow Financial, joins us in the third hour of our special show today to talk about risk. He'll be at our event on March 27, 2010 at the Gwinnett Center. 40% DISCOUNT EXPIRES WEDNESDAY!!! BUY YOUR TICKETS NOW!!!

Ilyce Glink Show - March 21, 2010 - Today on the Ilyce Glink Show, Ilyce is in the studio in Phoenix, Arizona. She talks about the latest economic news and gives the best in real estate, personal finance and consumer advice. Join Ilyce on Facebook and follow her on Twitter @Glink. Check out Ilyce's blog for more show notes and links.

If you have lost a home to foreclosure, you will find your credit ruined and unable to get a home lender to lend you money on a new home for several years. If you find yourself buying a home with friends or relatives, they won't be able to put you on the title to the home if they obtain financing. And if you use any of your own money to buy the home, you'll be in a position of not being on the title to the home and at the mercy of your friends and relatives. Make sure you document what you do, what is expected out of the arrangement and be truthful with the new lender on who is owning the home and why.