primary residence and reap the benefits of a 1031? In other words, can this profit be used to my advantage to save of cap gains tax if I refinance my home or do I need to reinvest in another property?
Also, how can I payoff rental property quickly?
Since CD interest rates are so low we were thinking of securing a mortgage with one to buy rental property-the cd would still earn interest, and (hopefully) the rent would pay for the mortgage.
We have someone knowledgeable about property who could manage it for us, but I have qualms about people who don’t pay their rent/and or destroy property.
The property is a single family home in South Carolina if that makes any difference. And I would use a real estate agent.
My husband wants to sell but we would make little to no profit. Financially, we can afford to keep it. What should we do?
In California, if I sell my rental property for less than what I paid for it, can I write it off as a business loss on my taxes?
I’m looking to buy some rental property, but I’m not sure how I would be able to collect rent if I’m in another state. I know there are agencies that will manage the property, but I would like to do it myself. Any suggestions? What if I opened a blank checking account for the tenant to deposit money every month? Any comments?
I’m looking into buying a home or duplex to rent out. I currently live with my fiance who owns her home outright, so I don’t pay any rent. Will this help or hurt my ability to take out a loan (on my own) to purchase a rental property?
I am looking for a condo to rent at the beach for a partial week. Arriving July 2nd and leaving July 6.