If you have ever found yourself struggling to pay the mortgage or know someone who has, the question of “What would actually happen if I just stopped paying my mortgage?” probably has come across your mind. While walking away from a mortgage should be avoided at all costs, there are a growing number of homeowners More»
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1 Million Foreclosures Delayed Until 2012?
I’d love to stick my head in the sand on this, but the reality is that the negatives of this move can’t be ignored. Rather than pulling off the band-aid quickly, delaying foreclosures is just prolonging the pain. Looking more and more like the last three years are going to be the new “normal” for More»
Top Ten tax tips for home sellers (from the IRS)
Courtesy of the friendly neighborhood tax collecting organization we all love (you love the IRS right?), comes the top ten most important issues for any home seller to consider. While most of these probably won’t apply to a majority of you, they fairly helpful nonetheless. via Inman News More»
Fannie and Freddie to be phased out?
Already bailed out with public funds to the tune of $134 billion, mortgage giants Fannie Mae and Freddie Mac might soon be facing some major changes. Today, the White House unveiled a proposal, which spells out a plan to gradually ”wind down” Fannie and Freddie until they are completely phased out. But while the news that the More»
Minimizing tax burdens via 1031 Exchange
In this market of tight budgets and shrinking profit margins, minimizing your expenses when selling a property is essential. Upon closing a real estate sale, any unsheltered capital gains will be subject to significant taxation, which can take a bite out of your profits. One way for a real estate investor to avoid this problem is More»
$8,000 first-time homebuyer credit
Ever since the “American Recovery and Reinvestment Act of 2009 (aka The Stimulus Bill) was passed in February, many homebuyers have been trying to figure out what this means for them. Sure an $8,000 tax credit is great, but how do you get and how do you qualify? More»
$8,000 homebuyer tax credit in stimulus
There is a bill, a stimulus bill, up on Capital Hill, that might be of interest to you if you or someone you know is looking for their first home.It could mean $8,000 in your pocket. More»
Great lending news!
It appears that Fannie Mae has decided that it is going to cut real estate investors a break. Word is hitting the street that the current cap on Fannie Mae backed loans will be removed for credit worthy real estate investors beginning March 1, 2009. The new cap will jump all the way up to More»
Investing your savings
Since your house isn’t your biggest investment and you are using this mentality as a springboard to get out of the endless cycle of dumping your money into the bank’s coffers, there is one big question looming in your mind: “What do you do with this new found money you have saved?” The short answer… More»
Responsibly managing your home
So if your house isn’t your “biggest investment,” what is a person to? You have to live somewhere. That’s an important question, but there is no easy answer. If the solution had to be narrowed down to one thing it would be “responsible money management.” More»
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Replacing old mortar for historic brick
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Sewer lateral lining
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How to pay for your real estate investments?
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Fannie Mae against investors
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Apartment Pet Policy
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Clothing racks can solve closet shortage problem
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Making your apartment showings matter
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Friendly alternatives to evicting bad tenants
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“Cash for Keys” as an eviction alternative
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What happens when you walk away from your mortgage?
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Beverly Gehlken: So sorry about entering my telephone #. I won't ...
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Matt Kastner: I understand what you mean. I have first hand expe...
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StlMama: I think the breed restrictions you mention are rat...
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Tom: This is a boondoggle. These rules against investor...
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