Before I break down the risks of investing, one of the most important things you need to look at is; what is the risk of not investing?
Whether in businesses, real estate, stocks or mutual funds – what's the risk of not investing your cash?
What is the risk of just putting it under the mattress and saving your money, or putting it into a bank account that makes a tiny interest rate every month – what are those risks?
This article is Part 3 of a four-part series on Land Trusts. You can find Part 1 here: Understanding Land Trusts
Now you may be asking — how is the land trust going to help me with my lender?
The answer lies in why the land trust was created, and why it’s perfectly legal. It’s basically a compromise between two opposing forces. On one side is the bank which is interested in generating income from loans and at the same time protecting itself through a security interest in real property — on the other side is the borrower (real property owner) who desires to transfer title to his property without fear of foreclosure or forced refinancing. The bank acts as the protagonist by incorporating a “due-on-sale clause” into most, if not all, mortgages its writes.
With one month down in 2014, how are you doing with achieving your wealth goals for the year? If you aren't where you want to be, keep these tips in mind.
TIP #1: Good Investments Aren't Good Enough
Are you winging it in your wealth strategy? In other words, are you taking action without a strategy to support the action?
While tax returns aren’t due until April, to minimize your tax burden the strategy of accelerating rental property expenses should be considered now, according to Larry Nelson, CPA and partner at Kerkock Katter & Nelson LLP. With twenty years of experience assisting rental property owners, Nelson suggests that deducting these expenses this year could be more important than ever, especially if you’re affected by the new Affordable Healthcare Act tax.
No landlord would pay more than necessary for utilities or other operating expenses for a rental property. Yet millions of landlords pay more taxes on their rental income than they have to. Why?
Rental real estate provides more tax benefits than almost any other investment.
Every year, millions of landlords pay more taxes on their rental income than they have to. Why? Because they fail to take advantage of all the tax deductions available for owners of rental property. Investment real estate provides more tax benefits than almost any other investment.
