Individuals who purchase real estate rental properties, who actively participate in the decision-making process, such as determining who the tenants will be and what repairs should be made, may be able to reduce their taxable income by up to $25,000 per year under existing tax laws. The active real estate investor may deduct up to
Part one: Does it pay to swap loans? Use this section to see how long you need to stay put for a refi to pay off. Our example assumes the borrower has a $150,000 balance on a 30-year loan at 8.25% and pays 2.5% in points and closing costs, a total of $3,750 to switch
Law Lets Homeowners with 20% Equity Apply to Cancel Private Mortgage Insurance A new federal law makes it easier for homeowners to cancel their private mortgage insurance (PMI) when it’s no longer needed and will keep thousands of Texas borrowers from paying unnecessary PMI premiums in the future. The Homeowners Protection Act of 1998, which
Poison Prevention: Have you checked your home? Parents, grandparents and all other caregivers can help prevent poisoning. The U.S. Consumer Product Safety Commission (CPSC) is spreading the work on how it’s done. Everyone should double-check for these poison prevention steps this week, says the CPSC:
A section 1031 Tax-Deferred Exchange lets you do that in effect, deferring your capital gains tax What does investing in real estate have in common with the game of Monopoly? Winning at both requires acquiring the most valuable real estate by trading less desirable properties for more attractive ones. For real estate investors, it’s easier