When you buy a new home you should walk through it before closing. As you walk through your new construction home you can write down anything that you think the builder needs to fix. If there's something significant such as landscaping, you can hold back some money in escrow until the developer fixes the problem. And if the developer doesn't like that idea, then you may need to involve your attorney.
When you sell a rental property you have to pay capital gains tax on the amount of profit you made on the property. The amount of mortgage loan you had on the property does not affect the capital gains tax. In addition, when you inherit property you inherit it at the market value it had on the day of the death of the person who bequested it to you. If you sell it right away you'll pay minimal capital gains tax.
You may be considering buying investment property. If you're a first time real estate investor, what books should you read? What research should you rely on when you're starting your real estate investment search? Can you trust material put out by Carleton Sheets? What other real estate books can you consult?
Are you realistic about the cost of your home renovation? When you're going through a "gut renovation," the costs can quickly add up. The final price can vary drastically depending on if you want high-end finishes, and if you change your plans during the renovation process. How much should a renovation cost? Watch this Expert Real Estate Tips video for help on calculating how much your home renovation may cost.
The month is half over, but we don't seem half way to a financial recovery. Not even close. Ilyce talked with Mike Rose, a mortgage banker with Bank of America about short sales and foreclosures. She discussed the stimulus package that was passed this week -- What's in it for you? Also, it was a pretty lousy week in the stock market. What's going on with Tim Geithner's $2.5 trillion dollar plan for a bank bailout. Is it the right move?
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The IRS has published the 2008 versions of some important Tax Publications: Publication 523 Selling Your House Publication 544 Sale of Rental Propert...
Our guest this morning is Mike Rose, a senior loan officer with Bank of America. We're talking foreclosure, short sales, and refinancing. Call 404-87...
The month is half over, but we don't seem half way to a financial recovery. Not even close. On today's show, we'll talk with Mike Rose, a mortgage ba...
Professional handyman Andy Sjostrom shares his step-by-step technique for painting a room. Follow Andy's advice for a professional looking paint job, every time. Painting a room is an easy, inexpensive way to spruce up your house and get it ready to sell. Watch this Expert Real Estate Tips video for more DIY advice.
A fresh coat of paint can be an easy and inexpensive way to improve your home and help it sell faster. But the job can turn messy if you don't tape off the surfaces you don't want painted. Handyman Andy Sjostrom shares his tips for taping for a paint job. Watch this Expert Real Estate Tips video for more DIY painting advice.
