Renting a home can be easier than owning a home, but it requires its own special set of circumstances. Whether you’re the renter or the landlord, look at the articles, columns, blog posts, radio shows and videos for more information about renting a home.
Title Insurance Company Can Discover Deed Problems
Is a general or special warranty deed better for selling property? When selling a residential property, the type of warranty deed you use, or title, isn't so important. A special warranty deed is usually used for commercial real estate sales. During the home sale process, a title company will run a title search and discover any problems with the deed or title. Usually a general warranty deed is used when selling a residential property.
Loans Financing New Construction
There are several loans you can get to finance new construction. The loans you can get to finance your new construction include a construction loan and equity from an existing home. However, you must make sure you can make the payments on the loans financing your new construction, especially if you are planning to keep the current home you're living in. Without the sale of that home, you may not be able to afford loans that finance the new construction home you are building.
Renting A Home With Option To Buy
Leasing out a rental property is often a good idea. However, you may want to rent your property with an option to buy. Doing a lease/option allows the buyer to live in the home for a year and pay a non-refundable option for the right to purchase the property in the future at a price that's negotiated today.
1031 Helps Save On Taxes
With an estimated 15 million Americans owning investment property, more people are using 1031 tax-free exchanges in order to defer capital gains. A 1031 exchange is a provision in the Internal Revenue Code that permits an owner of investment property to sell the property and buy a new property without having to pay any taxes on the sale of the old property. To use a 1031 exchange, an investor must comply with strict rules relating to the use of the proceeds from the sale.
Time For Home Team To Help Home Buyers
Ex-Apprentice, Troy McClain, gets back to the business of helping people finance their homes. McClain spent the 12 years leading up to his shot on the show approving mortgage loans and refinances in Boise, Idaho. After the show, he went back home and tried to figure out how to translate the lessons he learned on the show into building his business.
Benefits of Lease to Sell
A building owner is thinking about building a commercial office and selling it with a lease to sell agreement. Rather than leasing it, holding onto the building could bring tax benefits for owning commercial property. Using a "lease with the option to buy" could also be an incentive to get additional buyers to consider purchasing it.
Divorce Could Lead to Eviction from Rental Property
After a divorce is completed, can a spouse be evicted from his home? It depends on where the spouse lives and who owns the property. If the home used to be the primary residence of the married couple and the spouse who lives in the home did not win the home in the divorce settlement he can be evicted. If it's a regular rental property, eviction depends on the terms of the lease. And if there's no lease, it's likely the spouse is living there on a month-to-month basis, which means the landlord must give only 30 days notice for eviction.
Rental Property, Equity And Taxes
When you own property with a parent or manage a rental property for a parent and then want to get money out of that investment property, it can result in tax consequences. When you want to get some equity out of a rental property you need to think carefully about how to proceed. If the parent quit claims the property to the child, the child inherits the cost basis of the property when it was purchased, which may be high.
Ilyce Glink on WSB Radio – November 27, 2005
Ilyce kicks off the show talking about the early retail numbers from the Thanksgiving weekend. Ilyce then takes calls on topics from good online shopping sites for gardeners to renting out a home versus selling a home in the current home market.