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Understand how my program works better when investment properties don’t sell.
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Categories: KJAM Radio: Investment Real Estate Corner Show
If you’re a parent, or plan to have children, then you already understand the advantages of a good school system. Any real estate agent will also tell you that a home in a good school district is a gem when it comes to resale value.
As you scope out locations for your next move, there are some basic barometers for judging the quality of education near your home. Begin by checking out test scores. There are standard tests for grade school, as well as the ACTs and SATs in high schools. All you have to do is ask for the results.
Closely tied to test scores is school attendance. High attendance ratings indicate good teachers as well as supportive parents. Also look into the student-teacher ratio, usually the lower the better. You might also inquire about the average number of years those teachers have been in the classroom.
Another huge aspect of education, especially in high schools, is athletic performance. Your athletically inclined student may be eyeing sports scholarship opportunities, so those schools with very strong programs may be more appealing.
Educating yourself about local schools before you make your move can pay off handsome dividends, not only for your children but also for the appreciation in the home you choose. Resale value increases in tandem with the quality of area schools, so do your homework!
Categories: Articles of Interest
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Discover the elusive money making technique that most real estate investors are unaware of… “The Flixer.”
I will tell you the never-before-heard of 3 Ways To Execute ”The Flixer” technique.
Also, to receive a free report on “Why Multifamily Homes Are Better Than Single Family Homes” call free recorded message 1.888.462.3771 ext. 301
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Categories: KJAM Radio: Investment Real Estate Corner Show
You may be aware that you can avoid capital gains taxes on the sale of your home if it was your primary residence for at least two of the five years prior to its sale. Individuals may qualify for a $250K tax exemption, and married couples up to $500K.
But life is funny, and sometimes throws you a curve ball you weren’t expecting. What if you’ve moved into your “forever home,” and suddenly get laid off from your job, or need to move for unforeseen family or health reasons? Do you lose your big exemption from profits just because you couldn’t remain in your home for two years?
The happy answer is no, not completely. Even the IRS understands unforeseen circumstances, and under Internal Revenue Code 121, you can get a partial credit for the time you’ve lived in your home before having to sell and move.
Then your exemption is based on the number of months (out of the twenty four) that you remained in your principal residence. If you have to sell after 18 months, you will qualify for 18-24ths, or 75% of the total $250K or $500K exemption.
The rules may seem complicated, but with the assistance of your tax adviser and a trusted real estate professional, you can maximize your savings and locate your next home with a minimum of aggravation.
Categories: Articles of Interest
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Listen to the real definition of a fixer-upper.
I will tell you 15 Bullet-Proof Ways To Create Value In Any Market.
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Categories: KJAM Radio: Investment Real Estate Corner Show · Real Estate Development · Real Estate Investing
Today’s real estate market provides an excellent opportunity for renters to turn their monthly payments into equity. While rising slightly, interest rates now are still much lower than in the past ten to twenty years, and home prices in many areas are adjusting back down to reflect reasonable levels of appreciation.
It’s critical to begin taking those first steps towards home ownership, and here are some reasons why.
Money paid for rent goes into the pocket of the landlord, while money paid for a mortgage goes toward equity in the home. In other words, you keep the money you pay for your home, as its investment value increases with every payment.
Over the last decade, the cost of rent has increased an average of 3% each year. At that rate, payments of $1,000 per month would total $137,567 over ten years, with no accumulation of equity or wealth.
If you could put $10,000 down on a $210,000 home today and pay $1,100 per month, your equity would total $138,521 over that same ten-year period. That’s your money! This calculation assumes a 30-year fixed rate loan at 6.5% and an annual appreciation of 4.5%.
So sit down and do the math, and then contact a local real estate agent to discuss your best options for home ownership. It’s never too late to start building your future!
Categories: Articles of Interest
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Gain an understanding of creating and enhancing equity in real estate.
I will explain the 3 KEY Steps to buying below market value.
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Categories: KJAM Radio: Investment Real Estate Corner Show
Sellers are competing for buyers these days. Actually, sellers are always competing against each other, trying to offer the best value in hopes of securing a full-price offer. Such offers usually come to sellers whose homes are in model condition and priced at, or below, fair market value.
While it’s critical to get your home in tip-top shape before your listing, care needs to be taken when you’re considering the impact of remodeling and renovating. Homeowners who over-improve run the risk of not being able to recoup their investment, particularly if they find they need to sell very soon after completing such work.
Homeowners are encouraged to contact a real estate professional, who can conduct a comparable sales analysis, providing important information about remodeling’s impact on sales value.
A report published last year by Remodeling Magazine and REALTOR® Magazine gives some clues as to where to best spend your improvement dollars. Upscale siding and mid-range bathroom upgrades both can recoup 100% (or more!) of the investment cost. Even minor kitchen remodeling sees 99% of its cost recovered at sale time.
Basically, stick to designs that will appeal to a majority of buyers, since you can’t be sure that you’ll find that unique buyer who will appreciate the more exotic tastes you might enjoy. Be proactive, be practical, and be prepared to offer a great value!
Categories: Articles of Interest
Categories: Articles of Interest
Troops’ response to Democrat Senator John Kerry during a speech at Pasadena City College outside Los Angeles when he stated, “You know, education, if you make the most of it, you study hard, you do your homework and you make an effort to be smart, you can do well. If you don’t, you get stuck in
Iraq.”
Kerry said he botched the text of a joke and didn’t mean to insult troops. On Wednesday, Kerry canceled campaign appearance on behalf of Democratic congressional candidates and issued an apology after he stated on Monday he would not apologize to no one.
Categories: Articles of Interest
