What is the best real estate strategy for passive income during a down economy?
Is it flipping houses, selling the houses to remodelers, holding and renting, commercial real estate, or something else?
I’ve seen that you can put down as low as 3% for a down payment on a home but I know it’ll cost more for monthly mortgage payments this way. How does refinancing a mortgage work? Would someone be able to put down 3% and then later on refinance to a better interest rate?
Thanks!
I qualify as a real estate professional for tax purposes. I own and manage over 25 rental properties. I have not claimed that status in the past. I have recently married and my husband has retirement and investment income in excess of the maximum income amount allowed under the passive activity rules. If I make a profit from my investments, am I subject to FICA taxes on that income? Is there a downside to claiming real estate professional status?
Does anyone know of any real estate investing courses that really help you make money in today’s crazy market? I don’t want to pay for stuff that doesn’t work any more.
What is the best mortgage company to get a loan modification through? Easiest mortgage company? I would like to know!
THANKS,
Greg
What is the easiest mortgage company to get a loan modification through? Easiest mortgage company? I would like to know!
I am currently attending the University of Western Ontario to obtain a Bachelors degree (in my second year). This summer (and the next summer) I want to attend OREA (Ontario Real Estate Association) to get my real estate license. Is this all I have to do to become a real estate agent? Do I need other experience, and what else can I do to guarantee that I get a job in the field?
I own a home in common with another person. We’re not married. We’re both named on the mortgage and we pay the mortgage out of a joint checking account, to which we both contribute and use for other various purposes. Can we split the mortgage interest deduction between us however we wish as long as we total up on our two returns to the total amount we jointly paid to the bank? Or must we use some kind of formula? How will the bank report this interest paid to the IRS?
We are residents of Texas and the property in foreclosure is in Delaware. Second mortgage holder is threatening to file a 1099.
My busines partner and Broker made a false report to the Real Estate Commission about me as an excuse to take over my business and drop my license. I have proof that everything he said was false and the commission agrees. Can I sue him for making a false report or should I just make a complaint to the board.