Whether you are a fix & sell or a buy & hold investor, the single most important factor in successful investing is to find a great deal that will bring you profits on a fix and flip opportunity or a high cap rate on a long-term hold. There are many…
Whether you are just beginning your real estate portfolio or are a seasoned investor, professional networking should be a fundamental component of your business plan. Similar to other industries, the more people you interact with, the more business you stand to acquire. The following are four reasons why real estate…
Having a real estate mentor is one of the most valuable methods of preparation in the business. Nothing beats the advice of an experienced mentor, whether you’re just starting out or you’ve spent the last few years in the real estate industry. Working with a real estate mentor can benefit…
According to Robert Berger of U.S. News and World Report, rental properties can provide a meaningful source of consistent income as part of your retirement planning and portfolio. He claims, “Buying a property or two could provide enough income to allow you to retire sooner.” However, you'll need to ensure…
When filing tax returns, many homeowners choose to itemize their deductions because of the mortgage interest deduction. But because of increased fraud, there are two new mortgage interest reporting requirements designed to catch false or inflated deductions. Mortgage interest generally includes interest paid or accrued during the tax year on…
Updated: March 14th, 2017 Depending on the stage and type of real estate financing, both a recourse and nonrecourse loan are used by different real estate finance lending companies. The non-recourse loan is very popular with real estate investors looking to borrow money for the new fix and flip projects.…
Congress passed The Homeowners Protection Act of 1998 to address borrowers’ difficulties in cancelling PMI when they had reached a certain level of equity in the property. The statute requires the following: Automatic termination of borrower-paid private mortgage insurance when the mortgage balance is first scheduled to reach 78% of…
Rental property investing can be extremely lucrative, and remain one of the best classes of real estate investments available. Good properties offer a unique combination of capital growth, ongoing cash flow and significant tax benefits. Long-term rental properties take little management, give great returns and produce cash flow for years and…
In the recent interview below between Jennifer LeClaire of GlobeSt. and Ed Mermelstein, partner at RheemBell Mermelstein LLP, Mr. Mermelstein corrects a misconception about why foreign investors set up LLCs to transact real estate in the US. He states the reason is two-fold, tax benefits and protection from liability. As…
Every investment comes with its own set of risks and rewards. Great investments can generate great financial victories…….and the corresponding tax consequences that follow. Taxes are unavoidable, but there are ways to swing the advantage back onto your bottom line. One such way is investing in real estate through a…
