When you want to start buying investment property you want to assemble an expert team. Look at your first home as investment property. And always have an exit strategy when buying investment property. Look here for more advice for handling investment property and information about laws and regulations for investment property.
Buying Investment Property Book Review
Ilyce reviews Robert G. Allen's book, "Nothing Down for the 2000s." Far more than most of the get-rich-quick books in this category, Allen lays out realistic real estate scenarios and thoroughly explains how it's all going to work. Although the book does a good job of supporting the reader to reach just one conclusion - you will get rich buying and selling property if you do it right - it also does a good job of explaining the details.
Making The Decision To Sell Investment Property
A lucky investment property owner has the opportunity to flip a property and make a profit. If the owner wants to keep investing in real estate, a 1031 exchange might be a solution to defer taxes. Making the investment property your primary residence for two years before selling will also allow you to keep the profits tax free.
Using IRA Funds To Purchase Real Estate
Although IRA rules specifically prohibit using IRA funds to purchase a property for personal use, the rules don't seem to say anything about using IRA funds to purchase a property for investment. At least, this is the loophole that many IRA holders are using to purchase investment property. Many companies specialize in helping people use their IRA to purchase investment property.
Use Investment Property Cash Flow To Pay Off Primary Mortgage
When you buy investment property you want to take in more money than you spend on the mortgage. When you have positive cash flow on an investment property you can take that extra cash and use it to pay off the mortgage on your primary residence. Once you've paid off the mortgage on your primary residence you can save money to use toward maintaining the other properties and eventually buy another investment property.
Investing In Stock Versus Investing In Real Estate
Does investing in real estate make more sense than investing in the stock market? It may be wise to sell off stocks to get the cash for a down payment, or your money might be better left invested in the market.
Becoming A Real Estate Investor
There are a few basic steps involved with real estate investment you only need to know basic math. Avoid paying middle-of-the-night infomercials that promise to make you a real estate investor and use that money towards a down payment. Buying your first real estate investment property is the hardest.
Using Rental Income For College
A couple disagrees on how to save for there children's college education. Should they save for college using traditional methods such as CDs and stocks or the income from their rental properties? If the rental properties are an investment strategy that's working for them, it's worth sticking with.
Is Buying Condo For Son An Investment Property?
A parent helps out a son with the down payment on a condominium. Learn why one should avoid making this an investment property and how to plan for the condominium in the estate.
Aloha: Got Sticker shock? You Will If You Want to Live on Maui
The mainland might be freezing, but it's another beautiful day in Paradise. The only trouble is, if you want to live here, you've only got two choices: Win a huge lottery pot, or be content in a tent on the beach.
Investment Property Tax Deduction Requirements
Investment property may qualify for certain tax exemptions, but it must follow strict requirements. In general, if you live in a property for two out of the prior five years (the order of when you've lived there is not important), and the property was your primary residence for two years, you are entitled to exclude $250,000 of the gain in the sale of the home from any taxes. Contact a tax account for more information.