Investing in real estate is still a smart choice
My financial consultant called me yesterday to let me know a mutual fund I had was not doing well. We agreed to sell the position and move it to a more conservative investment as the financial markets continue to be volatile. Times like this make me glad I invested in rental property many years ago. […]
Finding tenants in competitive rental markets
Driving around the Orlando area, I could not help but notice how much new construction of timeshares and vacation homes was going on. We stayed in Kissimmee, about 10 minutes from Disney and there were hundreds of condos and townhouses just in our development. Many of these homes were clearly vacant while we were there, […]
How much capital gains tax will you pay?
I am here in Florida just before the presidential primary takes place and the political ads are in abundance. One that I have found very interesting is for John McCain where he promises to make the Bush capital gains tax cut permanent.
Why is this important for rental property owners? Well I had a conversation with my […]
Take a look at the refinance rates now!
During the past few weeks, I have been doing some research on refinancing my home as mortgage rates have dropped sharply. Our current mortgage is a 30 year fixed at 6.25%. I also make an extra payment to principal each month and we have about 25 years left on the mortgage. Rates are looking so […]
Where do your rental leads come from?
I am very excited that this week I sold a rental property my family owned for about 15 years. I know, I know. Why sell a house in a down market like this? Well, we negotiated the deal a long time ago for a premium price and the buyer was finally ready to complete the […]
Does the Super Bowl have an impact on the rental market?
I wonder if the Super Bowl has an impact on the rental markets like it does on the financial markets. As a huge Giants fan, I will be routing for the NFC to win this year. If they win, I predict the real estate market will turn around and rental rates will start rising again! […]
Investing for Capital Gains
Real estate is still one of the best investments you can make. And owning a rental property is a great way to hold on to your investment while it increases in value. Tenants will pay rent and cover the amount of your mortgage plus taxes. All you need to do is cover a down payment […]