Ilyce Glink, ThinkGlink.com and Best Money Moves
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Ilyce

About Ilyce Glink

Ilyce Glink is an award-winning, nationally-syndicated columnist, best-selling author, and radio and television personality. She is the best-known consumer advocate for home buyers, sellers, and owners, and her content touches millions of readers, viewers, and listeners each week. She is the Founder/CEO of Best Money Moves, an employee benefit that companies provide that helps employees measure financial stress, then dials it down with a unique content mapping system. She is also the Founder/CEO of Think Glink Media, a digital content agency, and the Publisher of ThinkGlink.com. Listen to Ilyce on WGN Radio each week, follow her on Twitter, and sign up for the ThinkGlink free weekly newsletter, in the blue box at the bottom of this page.
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1031 Exchange: Rolling Real Estate Profits Into Another Real Estate Purchase

By | January 19th, 2009|

Investing the profits from one real estate property into another purchase requires the use of a 1031 exchange. A 1031 exchange allows you to defer any capital gains tax owed on profits you earned from selling the first real estate property when you invest the profits into another real estate purchase. There are very specific rules, but if you follow them correctly, the 1031 exchange allows you to defer taxes from the profits from the first piece of real estate as long you own your new real estate.

Accountant Steals Refund Checks

By | January 19th, 2009|

A tax filer has an accountant "friend" who filed tax returns but had the money deposited into his account. The accountant is likely guilty of fraud for stealing the tax returns. The filer should contact the IRS immediately and learn to file their own taxes for the future.

Adding a Name to a Mortgage

By | January 19th, 2009|

It's not that simple to just add a name to a mortgage. To add your name to a mortgage, you would have to be one of the owners of the home. Depending on the reasons, it might not be necessary or beneficial to add a name to a mortgage loan.

After Bankruptcy Discharged, Home Buyer Considered First Time Home Buyer For Mortgage Purposes

By | January 19th, 2009|

Once a bankruptcy has been discharged, a potential home owner is considered a "first time" home buyer again when applying for a mortgage. A bankruptcy free potential home buyer should check into first-time home buyer programs that might be available to help with mortgage loans. Even as a first time home buyer, the bankruptcy on your record may still have an negative effect on your credit score making it difficult to get a mortgage with a regular mortgage lender.

Appraisal Value Prevents Mortgage Financing

By | January 19th, 2009|

If you don't receive mortgage financing under the current terms of a contract, what can you do? Should you renegotiate or back out of the contract? The terms of your real estate contract may include provisions that will allow you different options.

Ask Ilyce – March 9, 2004

By | January 19th, 2009|

How much of your savings should go toward a down payment? What's the best way to turn the home your renting into a home you'd like to buy? WGN's Money Saving Expert Ilyce Glink answers questions from the Mailbag about buying and selling real estate.

Auctions Sell Homes Quickly In Tough Housing Market

By | January 19th, 2009|

If you're eager to sell your home in a tough housing or real estate market you may want to try an auction. Unlike lotteries, which are illegal, using an auction is an acceptable way to quickly sell your home. To auction your home you need to use a real estate auction company or a website such as eBay.

Automatic Extension for 2003 Tax Return

By | January 19th, 2009|

If you still haven't filed your 2003 tax return, you're running out of time. Your automatic tax extension is almost up.

Avoid Capital Gains Or Gift Tax On Real Estate Investment

By | January 19th, 2009|

What's the best way to pass a second home on to heirs? If you don't want to pay capital gains tax on a sale or a gift tax you should give your heirs an ownership share of the home gradually. If you give an amount of the real estate investment equal to the amount that's not subject to gift tax you can avoid gift tax. Right now you can give people up to $13,000 a year tax-free. That protects everyone from paying capital gains tax or gift tax on this real estate investment.

Avoid PMI By Getting A Piggy Back Loan

By | January 19th, 2009|

Sometimes new home buyers do not have 20 percent of the purchase price for the down payment. First time home buyers often have to pay for private mortgage insurance (PMI). A piggy back loan can help first time home buyers or anyone who is short of cash for a down payment.

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