It’s important to understand the financial nuances regarding investment real estate. Taxes, deductions, rental income, 1031 exchanges, etc., are all critical aspects to your investment finances. Understanding them is key to being successful with real estate investments.
As New Year is about to set in so as the tax season. Organizing tax documents is crucial as it gives you a sense of orderliness and big (financial) returns in no time. The task of arranging all the necessary documents for filing your taxes is definitely challenging and time-consuming. Some of the common questions
ROI measures the efficiency or inefficiency of an investment and indicates how lucrative it will be (or not). It’s always expressed as a percentage or a ratio, so to calculate it, you divide the dollar amount of the return by the total dollar amount you paid out of pocket for the investment. Or: Return ÷ Total Amount Paid
Getting a loan for a tenant-occupied property is not the same as getting a mortgage for an owner-occupied property. While the two situations have some parallels, they also have important variances. Landlords who are considering applying for a loan to purchase a new rental property should look at the requirements thoroughly.
Owning a home comes with some tax benefits, like the mortgage interest and property tax deductions. But did you know there’s a whole list of other homeowner-related tax breaks that you might be leaving on the table? Homeowners already save several thousand dollars a year in taxes from mortgage interest and property tax deductions. When
The 2016 tax season will be here before you know it. Fortunately, to make your IRS filings this year a little easier, there are some tax tips you can take in preparing for that dreadful April 15th.