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.
Real Estate Investments: Successful Property Selling
Ilyce reflects on how some people are making a killing on real estate investments and are very successful at selling investment property. Those who are the most successful at selling investment property seem to understand something very basic about real estate. In order to sell real estate investment property quickly, you have to have something that people want to buy at a price that gives buyers an incentive to move quickly.
Using Home Equity To Pay Off Second Loan
A homeowner wants to use the equity they have on a house to pay off a trailer home on the same investment property. Using a home equity loan to pay off one of their loans could save them a lot of money. Using a home equity loan could also shorten the life of the loan.
Vacation Home Rental Property: Become A Vacation Home Owner And Landlord
Owning vacation home rental property can actually earn you an income as home owner and landlord. Ilyce's column discusses Christine Karpinski, a vacation home owner and landlord who uses her vacation home as rental property. It can be time consuming, but vacation home owner and landlord Karpinski says vacation home rental property can make a meaningful income.
Subdivide Property Using 1031 Exchange
Property owners may subdivide their property and sell the portion they do not live on using a 1031 exchange. A 1031 exchange allows property owners to defer taxes on the sale of property, but you must purchase a different investment property for at least the same price as the property you are selling. Find a good real estate attorney to help you properly subdivide property and sit down with an accountant to ensure you can take advantage of tax benefits from a 1031 exchange.
Trading Commodities Like Soybeans, Gold And Pork Belly
Bored with stocks and bonds? Maybe it's time to try your hand at trading commodities. It's not for everyone but Ilyce Glink's conversation with Jim Rogers, author of Hot Commodities, just might pique your interest in commodities, commodity index funds and commodity mutual funds.
1031 Exchanges to Avoid Capital Gains Taxes
To avoid paying capital gains taxes, you are permitted to sell one property in exchange for another in a 1031 exchange. A 1031 Exchange or Starker Trust exchange or "like-kind" exchange are all terms used to describe the sale of one investment property for another. When you undertake a 1031 Exchange you generally need a third party to act as an intermediary in the transaction and as the trustee for the money received from the sale of the property.
Adventure Capitalist: The Ultimate Road Trip
The bestselling author of Investment Biker is back from the ultimate road trip: a three-year drive around the world that would ultimately set the Guin...
Homeowner Looks For Tax Angle When Retiring
A homeowner wonders if they should move into an investment property to be able to take advantage of the profit tax-free. Tax laws changed several years ago and now give sellers more flexibility when it comes to keeping the profit from the sale of a home. Seller can keep up to $250,000 (or $500,000 if married) in profits when selling a primary residence.
Capital Gains And Investment Property Sale
An investment property owner wants to know about their tax obligation when selling the property. To read more about what tax is owed when you sell investment property, go to the IRS's website (irs.gov) and download Publication 550 "Investment Income and Expenses" and Publication 527 "Residential Rental 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.