The 1035 exchange is one of those rare times in which officials with the Internal Revenue Service actually put in place a plan to help individual investors. 1035 exchanges come from the 1030 group of exchanges because they belongs to a section of the tax code on tax-free situations. Investors who often deal in real estate may be familiar with the 1031 and the 1031 exchange rules. The IRS … [Read more...]
Understanding Remortgage Loans
November 5, 2009 By
When people buy a home, they take out what is called a home loan. When people take out a loan on the value of what they have already paid on their home, this is called a mortgage. Once you have a mortgage in place, you may want to change it over time. It is normal to want to remortgage loans. A remortgage loan is a way for you to change your interest rates to the lower remortgage rates … [Read more...]
The 1031 Exchange Rules
November 3, 2009 By
There is a very easy way to sell property under the 1031 exchange rules. Simply put, this involves selling property with a strategy. You must have two qualified pieces of property in order for the 1031 exchange rule to work - one to sell and one to buy. This is also known as a tax deferred exchange. Many people get this rule confused with 1035 exchange rules. The 1035 is concerning … [Read more...]
Why Rental Property Insurance Is A Smart Thing
September 23, 2009 By
Unfortunately your landlord, being in the business of buying investment properties and renting them, is going to do everything he can to cut costs. Real estate is a tough business, and they can't ever afford to get every kind of insurance to cover the house or apartment for property investment or otherwise. The landlord only has to get what's required. That's why you really should consider … [Read more...]
40 Year Mortgage – A Legitimate Financing Option For Your Home?
September 19, 2009 By
Not popular until recently, 40 year mortgages are an option every home buyer can look into. Instead of the typical 30 year mortgage, which amortizes the loan over a 30 year period, the 40 year mortgage amortizes the loan over a 40 year period. This decreases the cost of the monthly payment, which is the primary reason prospective home buyers look into it. You can use a 40 year mortgage … [Read more...]
Why Refinance Investment Property
September 15, 2009 By
What is refinancing? There may come a time in a homeowner’s life when he or she decides that he or she wants a new mortgage. So, he or she runs to the bank, and the bank says, “I’ll pay off your old mortgage and give you a new one equal to the amount your house is now worth.” Many middle class and poor get themselves into trouble, because they refinance an appreciated property to get … [Read more...]
All About Property Investment
September 10, 2009 By
Is buying property the best investment for you? Buying investment property is both an art and a science. With property investments, you’ll want to keep some principles in mind. Most who buy investment property do so with the intention of holding it and hoping it appreciates, but this cannot be called investment; it can only be called speculation. The best property investment advice one … [Read more...]
