How Can I Keep the Property Tax Bill the Same if I Inherit my Grandparents’ Home?
I heard that if inherit my grandparents’ home I can keep their tax bill of $1000 per year instead of paying the neighbor’s amount of $6000 per year. Is that true? Great question, Rob! First of all, the property tax bill is based on 1% of the value at the time of...
Private Lender Disaster. What Happened
Success story: What to do when you pay your mortgage to a private party and when you go to pay them off they demand $20,000 more than you owe? This happened over the last week. My client bought a property (9 units) from a man who was the seller and was willing to...What The Dodd Frank Rollbacks Mean for You, and…
Lots of news; not much movement. On Monday, the December personal income number came out 0.3% higher and spending was up 0.5% – not really interest- rate moving, but ironic that we earn 0.3% more and spend 0.5% more. Then Wednesday, the Institute of Supply...
How Does a Homeowner to Get a Low Down Payment for Investment Property?
I own a home, but I want to buy units to invest for retirement income. Can I put 3.5% down? Great question Derek! That’s a great idea to create cash flow for your retirement! Unfortunately, when you already own a home your live in, you are not eligible for the FHA...