Have real estate questions? Here, you’ll find helpful articles and other resources that cover issues related to real estate, buying, selling, financing, refinancing, credit and debt, insurance, second homes, vacation homes, real estate investment, new construction, and renovation.
Landlords Manage Rental Property With Quicken Rental Property Manager Software
Quicken Rental Property Manager has an easy-to-use interface for landlords to use that is reminiscent of Quicken, the money management software created by Intuit. The software allows the landlord to enter information about each tenant and his or her lease, how much the rent is, and if you have charged late fees or interest, to help them manage rental property. When landlord receives rent checks from tenants of the rental property, the software tracks who paid what and when.
New Tax Ruling Allows For Exception To Capital Gains
A new IRS ruling describes how much gain you can exclude in certain circumstances, including death of a spouse, accepting a new job in another location, divorce and medical issues. A homeowner who bought a house, upgraded it, then had to sell because of a medical condition, should be able to exclude at least part of the taxes.
Research Septic Problem Before Suing
When considering filing a lawsuit over a possible defective product or system used in your home, much research is required. You must research the product and its installation, in addition to talking with other owners, attorneys and the BBB before pointing any fingers. You should also talk to the manufacturer of the product to determine if others have had this problem and what, if anything, they are willing to do to fix it.
Utilizing Father’s Tax Credit
So, you have a huge tax bill from a real estate sale and your father has a large tax credit from capital losses. Can you make a tax deal with the real estate and avoid the scrutiny of the IRS? Normally, one individual cannot use the capital loss of another for a tax credit, and there may be legal and ethical implications of this deal.
Zoning Revisions May Change Builder’s Interest In Property
It's important to know how your land is zoned when you want to sell it. A land's zoning affects what can be built on the property as well as the price that the seller can get. To find out your zoning, you need to contact your municipality.
Bringing The Future To The Present When Buying Your First Home
Bringing the "future to the present" is a phrase my friend Michael Alter, president of SurePayroll, likes to use when working on closing a sale in business. Bringing the future to the present allows home buyers to eliminate potential obstacles to a deal and get it done. It allows pre-buyers, those who are still in the dreaming stage, to organize their thinking and figure out what kinds of steps they need to take to achieve their goal of homeownership.
Limiting State Tax On Capital Gains
A seller is selling their home in California and buying a new home in Idaho and wants to limit his state tax liability on capital gains. The "rollover replacement" rule was thrown out and replaced by newer tax laws that will benefit this home seller. The seller probably doesn't owe any state tax on his capital gains in California.
Limiting Taxes On Great Real Estate Investment
Making a large profit off of a home sale is a dream -- until it's time to think about capital gains. But a home seller may be able to keep up to $500,000 in profits without capital gains taxes if they meet certain requirements. The profit of a house is calculated by the sales prices minus costs and improvements.