When does it make sense to refinance a home loan? Depending where your mortgage is, it may not be wise to pay thousands of dollars to refinance. Q: I was listening to you today on WGN radio and wanted to ask about my Condo loan. I refinance my home in 2000 at a rate of [...]
If you're remodeling your home, there are reasons why you should look at cost vs. value report. The data can be presented by region. Q: Today I read your advice in the Washington Post to a question about cost (and value) of remodeling a bathroom. My husband was an Art Director for Remodeling Magazine for [...]
Selling your house as a short sale with two lenders can be complicated if your two lenders disagree about the true value of the property. Q: I have a question regarding a short sale. If somebody has a mortgage with one bank, and home equity line of credit with another, how it would the negotiations [...]
Many people have problems with home appraisals today. There has been a reduced emphasis on local market knowledge by lenders. The housing crisis has left buyers, sellers and homeowners facing some difficult moments wondering whether the home they want to buy, sell or refinance will appraise out in value. We’ve answered a number of questions about [...]
Should I sell my investment property at a loss? If your rental property will continue to appreciate, hold onto the home. Q: We live in Illinois but own property in Las Vegas. We are considering selling the Las Vegas property since the Las Vegas market is moving right now. We’re looking for some professional advice. [...]
Ilyce Glink Show on WSB Radio: The jobs and unemployment rate for 2013 may be wrong, according to an economist who used to calculate the numbers. On this week’s Ilyce Glink Show on WSB Radio, Ilyce discussed how the unemployment rate could be inaccurate, according to an economist from a recent article by the Huffington Post. [...]
Last week the team at Think Glink launched a brand new store with over 15 exclusive real estate products. If you’ve dreamed about becoming successful in real estate, now’s your chance. This may be the best time ever to buy investment property. Interest rates are at historic lows, so financing a property is more affordable [...]
Before putting a rental property in an LLC to minimize taxes, be sure you can depreciate the building to reduce your tax liability. Q: I recently inherited a rental property. The property is rented and cash flow is positive, despite the fact that there is a mortgage on the property. Currently, I do not need [...]
