03 Mar 2020
By noelkelman

How To Keep Records For Your Real Estate Business

Real Estate, ,
Anyone who is looking to build a successful real estate business needs to keep meticulous records. When buying and selling property, there are a lot of tax and legal responsibilities. While some people may not want to think about this issue, the IRS may audit a real estate business. In this case, it is critical to have documentation that demonstrates proof of income as well as any credits or deductions that might have been claimed. Some of the most common deductions that are claimed in the real estate business include depreciation, mortgage interest, repairs, insurance premiums, administrative costs, and property…
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14 Feb 2020
By noelkelman

Home Improvements That May Improve Resale Value

Real Estate, ,
Did you know that some home improvements lower the resale value of a home and decrease the number of potential buyers? If you are going to repaint the exterior of your home bright, traffic-cone orange and try to sell it for a high price, think again! Maybe, if the artist Pablo Picasso once lived there that might work, but probably not under any other circumstances. Some things are counter-intuitive. A swimming pool is an example. Swimming pools are great and highly desirable for many people. However, others do not necessarily think so and only see them as adding unnecessary expenses…
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13 Feb 2020
By noelkelman

Common Problems Faced By New Homeowners

Real Estate, ,
Buying a new home is a big step for individuals and families. This is a time for celebration as the new furniture gets moved in, everyone gets adjusted, and the honeymoon phase starts with the new home. On the other hand, buying a home also means that all of the responsibilities rest with the owners. Here are a few common problems that new homeowners face. Taking Care Of The Outside Many homeowners are quick to realize that there is a tremendous amount of maintenance on the outside of the home. Now, the exterior is their responsibility and doesn't fall on a…
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12 Feb 2020
By noelkelman

The Impact Of The New Housing Construction Boom

Real Estate, ,
New housing construction starts reached a record high in December 2019 going up 16.9%. This represents a seasonally-adjusted annual rate of 1.608 million homes last December, which beat the record set in December 2006, 13 years ago, according to CNBC. This was surprising news, as predictions made before the end of the year were that housing starts in December would reach only 1.375 million homes. Experts say the current housing construction boom in the United States gets its support from the easy mortgage financing available and positive consumer expectations about the economy. What Does The New Housing Boom Mean To…
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07 Feb 2020
By noelkelman

How To Find Places To Buy Rental Investment Properties

Real Estate, ,
Real estate, which is a rental property, has the unique characteristic under the tax code of being able to depreciate it and pretend the asset is going down in value, while, if you are a clever investor, you will acquire property that actually increases in value. Additionally, there are other tax advantages for owning a rental property that can help shelter income. Positive Cash Flow The key to success with a real estate investment portfolio of rental properties is to build value while it is self-sustainable. Have the goal of creating positive cash flow from every owned property. Making $100…
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28 Jan 2020
By noelkelman

Eight Signs You’re Ready To Stop Renting And Buy A Home

Real Estate, ,
For many people, owning a home is seen as a rite of passage. At the same time, purchasing a home is expensive. As a result, many people end up renting for an extended period of time. Here are a few signs that someone is ready to stop renting and purchase a home. 1. Rental Prices Keep Going Up Year after year, rental prices are going to keep going up. While the rental company is going to claim that these increases are consistent with the industry, they tend to be exorbitant. As a result, those who are tired of their rent…
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24 Jan 2020
By noelkelman

The Secrets Of Selling Real Estate

Real Estate, ,
When it comes to selling a home, there is a lot to think about. While most people know that the best time to list a home is in the Spring (due to the fervor of the summer), the real estate market keeps rumbling along no matter what time of year it is. With this in mind, it is important to have a firm strategy in place. This comes in the form of a real estate professional. In addition to trusting the professionals, there are a few other important points to keep in mind. Don't Trust The Online Estimates The internet…
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23 Jan 2020
By noelkelman

Home Warranties: Are They Worth It?

Real Estate, ,
Owning a home comes with major responsibilities and also offers major questions. One of the biggest questions that people will have to answer is whether or not they want to take out a home warranty. In order to decide whether a home warranty is worth it, it is important to first understand what a home warranty is. What Is A Home Warranty? A home warranty is not the same thing as home insurance. First of all, homeowners insurance is something that is required to purchase a home in the first place. Home insurance is in place to protect the homeowner,…
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