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.
April 15th may seem far away and you can wait to organize the information you need for your income tax return. This may be true. In fact, you may even file an extension, which would mean you have even more time before you have to worry about this annoying detail. Right now, you are probably
When a lender “runs your credit,” that means the bank taps into one of three independent national credit reporting bureaus — TransUnion, Experian, and Equifax. Credit reporting bureaus collect information about your credit card use, rental history from landlords, and your loan history, including vehicle and student loans. The bureaus then analyze the results and
Renters who have never been late with a rent payment will find that their stellar record won’t do anything to lift their credit scores when it comes time to shop for a mortgage. But that may soon change: Two of the main credit reporting agencies, Experian and TransUnion, reportedly are starting to incorporate verified rental
Written by Craig Acord, Pyramis Company and Vicki Novak, Netco Title When you buy a home, the amount you can spend depends on how much you have in cash to use for a down payment and how much you can borrow. A mortgage lender can prequalify you for a loan, which essentially means the lender
Promises of loans for bad credit borrowers, while common amid the housing boom in the early 2000s, are now rare. If you’re interested in buying a home today, know that lenders will carefully check your credit and will rarely approve a loan for someone with seriously bad credit. For that reason, it’s important to check