An investment is any action you can take with your money, in hopes that it will bring you a greater return on your money. The investment could be in stocks, bonds, real estate, retirement plans, or even collectibles. Learn here about different types of investments and how to deal with taxes, brokers, and more when it comes to your investments.
Financial Planning With An Unsteady Income
It's hard enough to sit down and create a financial plan when you have full-time job generating a regular income. Add an unsteady income and financial planning becomes an even bigger chore. Sometimes it takes a little unconventional investing and sometimes using an investment firm to help with that financial planning to make your retirement secure.
Research Before Flipping Foreclosure Properties
Foreclosure properties are becoming harder to find as more people qualify for lower interest rates and lenders are working under a mandate from Fannie Mae and Freddie Mac to help customers stay out of foreclosure. Right now, it seems like only the investors who flip foreclosure properties professionally are making a profit. However, if you want to try flipping houses, good research is the key to your success.
Ilyce Glink on WSB Radio – May 15, 2005
Ilyce discusses the New York Times article "Who is Rich in America," which investigates class and the definition of rich. Ilyce also takes calls include real estate investment scams, how to invest retirement funds, and getting the full amount from an insurance company after a car crash.
Paying Taxes On The Sale Of Commercial Land
When selling commercial land and you might be making a large amount of money in capital gains. To defer the payment of taxes on the sale of commercial property, there are two types of tax free exchange mechanisms that you can use. Both involve Section 1031 of the Internal Revenue Code and they are sometimes referred to as Starker Trusts or Exchanges. If you don't want to buy a replacement property and don't want to invest with others, then once you close on your sale you will have a large tax liability.
Ilyce Glink on WSB Radio – May 8, 2005
On this Mother's Day show, Ilyce talks about early Mother's Day holidays and similar holidays celebrated in other countries, and she asks listeners for the best and worst piece of advice from their own mothers. Ilyce also takes calls on establishing a portfolio and the dangers of a real estate bubble.
Selling A Long Term Investment Property
What is the tax burden will be when selling an investment property? If you plan to invest in another investment property, you may be able to use a 1031 exchange and defer taxes owed. If the owner has taken depreciation on the investment property, they will need to "recapture" the depreciation.
Taxes On Sale Of Rental Property and Primary Residence
A couple bought a home on a 2-acre lot. They lived in it while they built a second home, and then moved into the second home after it was completed. They now rent out the original home to another couple. If they sell the property and both homes, how will the transaction be treated at tax time?
Don’t Get Caught In Investment Scams
Be wary of investment scams. If you know about Ponzi schemes, unlicensed securities dealers, and other investing scams, you are less likely to join the ranks of the many unfortunate investment fraud victims out there, some of whom have lost their entire life's savings to these scams.
Selling Investment Property To Renters
In an installment sale, mortgage lenders may have the right to demand the loan be repaid immediately. It's a good idea to check with your lender to see whether the due-on-sale clause will be triggered before closing on an installment sale.