Congress passed The Homeowners Protection Act of 1998 to address borrowers’ difficulties in cancelling PMI when they had reached a certain level of equity in the property. The statute requires the following: Automatic termination of borrower-paid private mortgage insurance when the mortgage balance is first scheduled to reach 78% of…
Rental property investing can be extremely lucrative, and remain one of the best classes of real estate investments available. Good properties offer a unique combination of capital growth, ongoing cash flow and significant tax benefits. Long-term rental properties take little management, give great returns and produce cash flow for years and…
In the recent interview below between Jennifer LeClaire of GlobeSt. and Ed Mermelstein, partner at RheemBell Mermelstein LLP, Mr. Mermelstein corrects a misconception about why foreign investors set up LLCs to transact real estate in the US. He states the reason is two-fold, tax benefits and protection from liability. As…
Every investment comes with its own set of risks and rewards. Great investments can generate great financial victories…….and the corresponding tax consequences that follow. Taxes are unavoidable, but there are ways to swing the advantage back onto your bottom line. One such way is investing in real estate through a…
I often get asked from clients, “What are the best cities to purchase rental properties in?” Buying out-of-state properties can be challenging and risky. However, it is the only way some investors can find cash-flowing properties. Below are the most common markets of US cities where investors are buying in…
by Dennis Spivey, VP Real estate investments can take on many shapes and forms. Economic ebbs and flows can create short term winners and losers, but over time, investments in tangible real estate continue to provide dynamic returns. Here are some reasons why: Appreciation Despite the recent crash, when you…
Just one month of vacancy in your rental can impact your bottom line. With utilities, landscaping, insurance and property taxes all eating away at profitability, it’s essential to keep rental properties, well…rented! Marketing and advertising vacant rental property is an art, not a science. There are no rules to ensure…
There are only two ways to increase your portfolio’s performance: spend less or make more. Below are some helpful tips that can help improve the profitability of your investment rental properties. Know your financing options. Obtaining a fixed, low interest rate loan can secure your rental property investment for a…
A few years ago, the concept of owning a portfolio of single family rentals was relatively foreign. However, slowing home price appreciation, the fix and flip market growing more competitive and the availability of low-cost debt financing has given birth to a new class of investor: the owner-operator of single…
Houston Takes the Top Spot Real estate investing – whether fixing and flipping or acquiring to hold and rent, is alive and well in Houston, Texas. Despite the twelve month decline in oil prices, the Houston economy and the real estate market in particular are doing very well due to…
