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…
I often get asked from clients, “What are the best cities to purchase rental properties in?” Buying out-of-state properties can be challenging and risky. However, it is the only way some investors can find cash-flowing properties. Below are the most common markets of US cities where investors are buying in…
by Dennis Spivey, VP Real estate investments can take on many shapes and forms. Economic ebbs and flows can create short term winners and losers, but over time, investments in tangible real estate continue to provide dynamic returns. Here are some reasons why: Appreciation Despite the recent crash, when you…
Just one month of vacancy in your rental can impact your bottom line. With utilities, landscaping, insurance and property taxes all eating away at profitability, it’s essential to keep rental properties, well…rented! Marketing and advertising vacant rental property is an art, not a science. There are no rules to ensure…
