Little Known Hacks I Learned Making My First Few Million
Real estate is a great investment, and selling your home could net you a hefty profit. However, that large profit can mean a big tax bill, which can reduce the amount you get to pocket from the sale. It may also dampen your plans to move to a new location.
Fortunately, there are critical moves you can do to reduce the taxes you owe when you sell your primary residence.
[Read more…] about How To Sell Your Primary Residence And Not Pay Taxes On The Profit
Home equity can be a major benefit of buying a home. You can find many amazing places to rent, but if you’re the tenant and not the owner, then you won’t benefit when the property value goes up.
The difference between your current home value and the amount of your mortgage loan is called equity. The equity in your home can be cash in your pocket with a home equity line of credit (HELOC).
What is a HELOC? Check out this guide to understanding when and how to use a home equity line of credit. [Read more…] about What Is a HELOC? Your Ultimate Guide to Home Equity Loans
2020 has undoubtedly been a year for the books. There has been upheaval in every facet of life, from social unrest to dramatically changed work environments. All of this change is having a dramatic impact on 2020 real estate trends.
Real estate has the potential to be an excellent investment, whether you choose to be a landlord, investor, or homeowner. However, you’ll need to be aware of these unusual trends when deciding whether or not to take the leap. [Read more…] about The 2020 Real Estate Trends You Should Be Aware Of
How would you like to build your personal wealth faster?
If you’re taking advantage of the burgeoning real estate market, you may be wondering how to scale up without getting penalized by Uncle Sam.
Between income generation and appreciation, real estate can build lasting wealth more reliably and consistently than other investments. But how do you grow your portfolio in the most cost-effective way?
Read on to find out how a 1031 Exchange can help you invest in income-generating properties on a larger scale than before. [Read more…] about What is a 1031 Exchange (And How Does It Generate Wealth)?
Many experts have reported the real estate industry to be the best return on investment. Financial professionals have run study after study and have concluded that real estate can provide higher returns than stocks, bonds, or other highly boasted strategies.
There are many benefits of investing in real estate beyond the ROI. Some of the best benefits involve paying lower taxes—and in some cases, no taxes—whatsoever. [Read more…] about 8 Unbelievable Tax Benefits of Investing in Real Estate