Investing in Real Estate
Rental Property Tax Issues
Friday, April 25th, 2008When you purchase property and rent it out, you’re essentially running a business. You receive rental income and incur expenses from the property. You hope that, your revenue exceeds your expenses so that your real estate investment produces a profit for all the money and time you’ve invested. You also hope that the market value [...]
Are foreclosures an option?
Wednesday, February 13th, 2008 In most states, a foreclosure notice must be published in the legal notices section of a local newspaper where the property is located or in the nearest city. Also, foreclosure notices are usually posted on the property itself and somewhere in the city where the sale is to take place.
When a homeowner is late on [...]
Can you buy homes below market?
Tuesday, February 5th, 2008While a typical buyer may look at five to 10 homes before making an offer, an investor who makes bargain buys usually goes through many more. Most experts agree it takes a lot of determination to find a real “bargain.” There are a number of ways to buy a bargain property:*Buy a fixer-upper in a [...]
How can I improve the value of my property?
Tuesday, February 5th, 2008The biggest factor outside of a homeowner’s control is market conditions. But other issues — including the condition of the property, specific home improvements and neighborhood stability and safety — can influence property values.The greatest rise in home prices occurs when the economy is strong and the number of home sales is increasing. Though markets [...]
How is a home’s value determined?
Wednesday, January 16th, 2008You have several ways to determine the value of a home.An appraisal is a professional estimate of a property’s market value, based on recent sales of comparable properties, location, square footage and construction quality. This service varies in cost depending on the price of the home. On average, an appraisal costs about $300 for a [...]
What is the difference between market value and appraised value?
Wednesday, January 16th, 2008The appraised value of a house is a certified appraiser’s opinion of the worth of a home at a given point in time. Lenders require appraisals as part of the loan application process; fees range from $200 to $300.Market value is what price the house will bring at a given point in time. A comparative [...]