| Real Estate Investment Deals That Increase Your Net Worth Consider these parameters for a real estate deal: Property Value: $250,000 Purchase Price: $160,000 Repairs: $2,500 If you analyze the... Make big money in real estate Real Estate is one of the oldest forms of investing known to man. Real Estate investing is easy and fortunes are made in a simple manner. For... How To Find A Real Estate Agent It's easy to find a real estate agent. Just put a for sale sign in the yard and wait for the phone to ring. The question is, how do you find a GOOD... Negotiating Real Estate - Go Slow Why should you sometimes go slow when negotiating real estate deals? It's all about the power of time investment. Let me explain with a story. One... Real Estate Growth: How Long Can It Last? There has been speculation in the media recently about the fact that real estate will begin to fail and implode as it can only handle so much growth.... |
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The Million Dollar Real Estate Tax BreakMark Walters Everybody should know that under current tax law you can sell your primary residence and any capital gain up to $250,000 ($500,000 if married) is tax free. Wow... is that powerful!... and why aren't more investors taking advantage if that "loop hole"? The only requirement is that you live in the home for 2 out of the last 5 years... and it is your primary residence. That means you just must live in the house 24 months to get the tax savings. What if you match that tax break with a FHA 203(k) loan? Your heart should begin beating faster if you understand the 203(k). Look at the features of this real estate loan... FHA down payment (3%) Flexible credit qualifying Assumable loans Finance up to 6 months of mortgage payments Purchase or Refinance AND IMPROVE all in one loan Upfront mortgage insurance waived Get it?... One single loan is used to pay for the purchase (or refinance) and the cost of renovating the home. Cheap, easy money that not only gives you the ability to buy the home... but also the money to rehab it... all in one loan!... with no payments for 6 months! The FHA 203(k) loan is available to borrowers of all income levels, but only to homeowners who plan to occupy the property, and for homes with one to four units. Types of 203K Loans: 30 or 15 year fixed rates One year ARMS Assumable to a qualified buyer, with no money down Eligible Properties: Single family dwellings Condominium Townhouse Mixed Use (Storefront) 1-4 Unit buildings- you can increase or decrease the number of units with this loan. With some leg work you should be able to find properties that will allow you to bank $50-thousand to $100-thousand at the end of every two year period. The two year holding period gives you time to do the rehab work. Hey, you gotta live somewhere. Why not turn your home into a money machine? Or if you just can't live in a particular home for 2 years you'll find other profitable ideas at http://www.ThePowerLetter.com About the Author Mark Walters is a third generation investor and author. He shares his investing experience from his Web site: |
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Estate in Sedona Sedona, AZ 86336 |