The lease option can be a powerful strategy in real estate—but it also comes with its challenges. 1. The Due-on-Sale Clause You’ve probably heard about due-on-sale clause before, but just so we’re all on the same page, let me give you a brief description of what it is. In nearly every mortgage paperwork, there is a
1. Flipping is speculative, and that makes it no better than stock market investing. You see, any time that you buy an asset with the intention of making money when you sell that asset, you are not really investing – you’re speculating.
1. Cash Flow If you’re holding real estate as an investment, you will have tenants. Each month they will pay you rent. Let’s say that you own a rental house and get $1,500 per month in rent. Over a year, that is $18,000 in income.
Want to save money? Know where to trim your budget. Paying those bills is never fun, but it’s even less exciting when those monthly expenses keep you from enjoying life. In fact, it’s probably easier than you think to eliminate some of those unnecessary household expenses.
Don’t be fearful. Many people are concerned about home-office deductions being a red flag for the IRS. A survey of people who claimed a home-office deduction versus those who didn’t found that the chance of getting audited was the same in both groups. If you’re eligible for the deduction, take it. It could be worth