Property is anything you own, whether it’s land, a house, electronics, a car, or collectibles. Learn more here about buying and selling property, taxes, and protecting your assets.
Ilyce Glink on WSB Radio – June 26, 2005
Ilyce discusses inflated CEOs' paychecks, the recent trials against corporate executives, and what shareholders are getting from these overpaid execs. She asks shareholders, "Why are we paying them so much money?" Other topics and calls for this episode include identity theft and buying property.
Property Line Dispute With Neighbors
A homeowner has a neighbor who insists they move their fence because it is on the neighboring property. There is no survey on file for any of the lots. The owners are relying on a real estate agent's claim that a tree line is the property line. The homeowners need to hire a surveyor and a good real estate attorney or risk losing their land and trees. The attorney can also help them figure out their options if the property does belong to the neighbors.
The Basics About Easements
Why do we have easements? Easements can be necessary to distribute water and other utilities to the many lots within a development. In some cases, cable companies have easements to bury cable to service a community. In other cases, easements allow the public to walk through private land to reach a public beach. A community can have an easement to walk along your property to reach a boat house on a body of water. Generally, you should never build anything on easement land that could prevent the user of the easement from making use of the easement.
IRA For College, Home Down Payment, Mortgage Payment Or Property Purchase
While most people save money in an IRA for retirement, you might be tempted to use the money for other financial needs. However, using an IRA for a down payment on a home or to pay for college is prohibited. The same goes for using an IRA to purchase property or to make mortgage payments. Check withdrawal rules first so you don't face harsh penaltie and taxes.
Gifting Real Estate With Minimum Gift Taxes
When you're giving property as a gift, do you're homework to minimize the gift taxes. If you want to give real estate as a gift and not pay high taxes to the IRS, you have to take a few important steps, and consulting an attorney will help you take them. Ilyce Glink walks you through the basics of gifting property with minimum gift taxes.
Long-Term Land Leases
Long-term land leases are less common in the United States, where most often property is purchased on a fee simple basis -- in other words, you buy everything, including the land and any structures that sit on it. But some communities are beginning to see more development on land that is leased. It's another way for the owner to control what happens to the 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.
New Garage Needs Maintenance Easement
Zoning codes generally regulate your home's size, how close it can be built to the street, how tall it can be, how close it can be to neighbors, how many stories can be built and whether you can use it as a single family home or multi-family home, among many other restrictions and rules. e may be the homeowners best bet. Most municipalities with zoning ordinances have rather broad authority to regulate rules and regulations relating to zoning.
Pay Off Car Loans Or Mortgage First?
Should I pay off my house loan or should I pay off my other debts first? If you come into some extra cash, first check if you own any taxes on the cash. Then you should pay off the non-deductible debts first, then take the savings from paying off those loans and apply it to other debts like a mortgage. If you come into some extra cash, first check if you own any taxes on the cash.