All Posts Tagged With: "investment"
Why Stocks & Houses Don’t Compare As Investments
There must be a million side stories to the bankruptcy of General Motors, a terrible event for the company, its workers and shareholders. One of those stories concerns the Dow Jones Industrial Average which at this momment seems to be free of any companies that are actually, well, industrial.
The Dow has just announced that the [...]
How To Get A Successful Loan Modification (With Obama Update)
Is it possible to get a mortgage modification without being foreclosed or behind on your payments? For an increasing number of borrowers the answer is “yes” because recent changes in the mortgage industry now make loan modifications more likely than at any point since the financial meltdown began.
For much of human history mortgage lenders have [...]
Is Now The Time To Buy A Duplex?
Question: I’m ready to purchase a 2-unit property. I’m trying to buy and rent, hopefully with enough income to break even on the mortgage, taxes, insurance and upkeep if I can. Houses in the $400K range aren’t that available, and given mortgage rates and perhaps $95,000 down I am lucky if rents at $2,200-$2,400 [...]
19Oct2008 | Peter G. Miller | 0 comments | Continued
How Investment Discrimination Powers Real Estate Taxes
For the past several years real estate prices in my community, like many, have risen with a speed and certainty that has been a delight to behold. Now the government is getting even with vast assessment increases that will lead to steeply-higher property taxes.
What’s interesting about the projected tax rises is that they are [...]
Can I Use Shared Equity To Buy With My Children?
“Shared equity” is generally seen as a way that families can buy real estate together. The kids live on the property and get the benefits of property usage and ownership tax advantages while Mom and Dad get an investment write-off equal to their proportional interest in the property. (Shared equity arrangements, incidentally, can also be [...]
29Aug2008 | Peter G. Miller | 0 comments | Continued
Can I use the basic FHA 203B financing to buy investment property?
If by “investment property” you mean property where you do not live, the answer is “no.” However, you can buy two, three, and four-unit properties, live in one unit, and rent out the others.
See brokers and lenders for details — and alternatives.
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Technorati Tags: FHA, investment
28Aug2008 | Peter G. Miller | 0 comments | Continued
Should We Buy Property For The Tax Write-Offs?
No.
Property should NOT be bought for tax purposes alone. If properties are not now appreciating or producing a positive cash flow, then tax write-offs will hold little worth.
If properties are now losing money each month but can be turned around on a reasonable basis, say by making improvements that lead to higher rents or [...]
Can I use VA financing to buy investment property?
If by “investment property” you mean property where you do not live, the answer is “no.” However, you can buy two, three, and four-unit properties, live in one unit, and rent out the others. See brokers and lenders for details.
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Technorati Tags: investment, property, VA
24Aug2008 | Peter G. Miller | 0 comments | Continued
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