We are currently renting a rowhouse in the District of Columbia. We signed a 12-month lease this past March with a property management company. Approximately three months into our lease, the owner of the property fired that manager. We then received a letter from the manager stating that he surrendered our security deposit to the owner and that we were now to pay rent directly to the owner. We have not signed any agreement since that time with the owner directly.
I have found a home that I want to purchase. The current owners have vacated and dropped the price considerably. Problem is that we weren't actively trying to sell our home when we found this home for sale. They are very motivated to sell. If we try to list and sell our home, this one will certainly not be available at the end of that endeavor. Not being able to qualify for two mortgages, I am looking for a way to make this happen
Various scenarios can force sellers into a rent-back situation. This is when the homeowner sells the property but does not move right away and strikes a rental agreement with the new owner to stay in the property for a designated period of time.
I have owned a four unit apartment building for many years. I purchased it for $75,000, and it is now worth approximately $600,000. Being a landlord has been tough, but when I look at the profit I have made, I guess it has been worth it. Now, I plan to sell the property. What are my taxable consequences, and are there any ways of avoiding or deferring my tax obligations?
I own two rental townhouses worth about $140,000 each, thanks to skyrocketing property values. The mortgage balances are only $50,000 each at 7.50 percent. With today's low rates, I think it's foolish to tie up so much money in the equity in these homes and I'm considering buying another property that's on the market for $100,000. It needs quite a bit of cosmetic work but it's well priced. In fact, you could say that the property has been "trashed."
When the bear market mauled Wall Street last week, investors bullish on real estate charged the podium of rhetoric to remind investors that real estate would not have left them licking their financial wounds.
According to recent statistics published by the U.S. Census Bureau, 75% of multifamily investors are over the age of 45. Over half of these (51.6%) own less than five units, and they earned approximately 31% of their income from ownership of rental properties.
With so much attention given to stock market ups and downs, pricing changes in real estate are sometimes overlooked. No less important, real estate appreciation is often understated and therefore the investment value of property ownership is played down
Last year was a record year for bankruptcies. Delinquent payments on mortgages, according to the Mortgage Bankers Association of America, reveal a coming wave of foreclosures on the horizon.
American homeowners get two major tax benefits under our tax laws: they can deduct their mortgage interest and real estate tax payments while they own their house, and when it is sold, there are significant capital gains exclusions.
If you want to know the value of a property, if you want to know whether it's competitive in your marketplace, then one important index to consider is its vacancy factor.
The risks associated with fire should be one of the chief concerns of any apartment-dweller. You can be as responsible as ever, but who's to say your neighbor is as conscientious as you are? He might walk away from a stove or a candle, leave a stationary heater too close to the drapes ... a million scenarios could keep you awake at night.
Just because your apartment seems safe doesn´t mean that it is. Some of the biggest potential problems are the most easily fixed. Take a few minutes to check your apartment out in order to avoid any future dangers
Renting property is an arrangement where the needs of owners and tenants generally overlap: The tenant wants a clean and safe home and the landlord wants rent and someone who will care for the property. All in all, a good trade for everyone -- until it comes time to make repairs.
Assets for Arizona Alliance - learn about Individual Development Accounts - dedicated savings accounts targeted specifically to working poor families to help them buy homes