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#Finance   #ITPN   #Education   #College   #Taxes

22 Jan , 2016  

#Finance   #ITPN   #Education   #College   #Taxes

Income Tax Planning » Blog Archive » The 529 College Savings Plan: Benefiting Taxes and Education

Talk about killing two birds with one stone: the 529 college savings plan, operating very much like a retirement plan, not only saves up some on the expense for college later on life, but cuts down on your taxes over time. A nice little tax shelter benefiting you in the long run and ensuring …

The post #Finance   #ITPN   #Education   #College   #Taxes appeared first on NATIONWIDE PROPERTY VALUES.

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Home Renting,Real Estate Market,Rent-to-Own Homes,Taxes

What to Do With Rental Properties on Taxes When Getting Divorced

22 Jan , 2016  

RTO is one thing; what about rental properties? What if you are the landlord/homeowner? What if you are the one offering that rent-to-own property? What if you are the one offering that rent-to-own property, and you get divorced with your spouse? What can you do with those rental properties? How does that affect your taxes? What will happen to your tenants?

Questions, Questions, Questions — Stressful, Stressful, STRESSFULrental properties knot

Whenever on the subject of taxes, the prospect’s overwhelming. You’ve got that tax return to file. You’re not great with numbers — and let’s not forget about the fact that you’re dealing with divorce, and there are plenty of options on your plate about what to do with the home (and the kids, finances, cars, etc. etc.). Now you have to also worry about rental properties, tenants, and other stuff. It can be a headache.

Here’s what you have to understand about rental property: they’re not your primary residences. Hence tax issues will be a bit different than when considering your actual home, the actual place you live in.

We all know there are tax benefits when selling a home (only when it’s your actual place of residence, though). When you divorce, the question is this: do you want to share ownership of those rental properties (in which case you’ll both pay taxes on them)? Or do you want to transfer ownership to the ex-spouse? It’s good to know that transfer of ownership won’t cause any tax repercussions for either spouse. However, you most likely will pay taxes if and when you ever sell those rental properties; so keep that in mind.

Those Rental Properties Need to Be Addressed

Of course, rental properties are a source of revenue. You want it, you pay property taxes for it; you don’t want it, transfer ownership. If both spouses don’t want the rental properties in question — be prepared. Consult with an attorney, if you will, but be sure to discuss your situation with an expert from the Income Tax Planning Network immediately. You don’t want to leave this loose end untied.

 

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Condominiums,Credit Repair,HOAs,Home Mortgages,Home Renting,Home Selling,Land Contracts,Landlords,Real Estate Market,Rent-to-Own Homes,Taxes

A House Divided Doesn’t Necessarily Mean Bad Tax Advice

22 Jan , 2016  

Considering the fact that the marriage failed in a home with bad memories often contributes to the decision for both soon-to-be ex-spouses…

Credit Repair

#CreditRepair   #ICS   #CreditScore  #Credit #CreditReport

22 Jan , 2016  

#CreditRepair   #ICS   #CreditScore  #Credit #CreditReport

4 Truly Successful Credit Repair Secrets

It’s easier than you think at a minimal investment on your part when you think about it with these credit repair secrets. Want to know what they are?

Credit Repair

4 Truly Successful Credit Repair Secrets

22 Jan , 2016  

Here’s what you have to remember about credit repair — the long-term goal is the ultimate benefit. Home ownership. Easy loan approvals. Peace of mind. That pristine credit score will get you far, honestly, for the rest of your entire life with the best credit repair secrets! The benefits could easily last beyond your own needs, too. Think about your spouse. Your kids. Your life beyond your own.

In Other Words — Your Credit Score Is You

So you’ll do whatever you can to get a hold of the best credit repair secrets out there without having to shell out your entire savings and see minimal effort. One thing’s for sure: without the best credit repair secrets, that spotty credit report will cause massive problems for you in your life, everything from mortgage financing, refinancing, home improvement, emergency loans, medical bills. You name it. So get that credit score up with these credit repair secrets right now:

  1. Removing the Negatives — One call to Lexington Law at 844-346-3262, and you’re well on your way toward the first step of credit repair. Getting rid of those “stains” on the credit report. You cancredit repair secrets-1 even sign up right here to get started. Why is it important to remove those negatives? Because they’ll stay on for a very, very, very long time. Unless you act now.
  2. Opening Up New Lines of Credit — Next you need to show creditors that you can hold up on credit lines, making payments and such. How do you do that? You can open up new secured credit card accounts — click here for one offer, or here for another offer. And the trick is to start making small purchases, paying them off immediately. What you’ll find is the payments will be recorded on your credit report to show that you are reliable. What happens then? Your credit score goes up!
  3. Try Personal Loans and Cash Advances, Too — Every now and then, emergencies do happen in your life. But did you know that taking out a loan or even a cash advance out of your paycheck can actually improve your credit score? The key is religiously being diligent about getting payments in to pay it back. They’re not handouts. Heck, if you even wanted to just take a personal loan out for its own sake, do it. A cash advance, knowing you won’t have any trouble paying it back, won’t hinder you in any way. So why not do it if it will better your credit score?
  4. Lastly, This Secret Out of All Credit Repair Secrets Will Blow Your Mind — Your rent payments. You heard us right. Did you know that your own rent payments, even retroactively, can boost your credit score astronomically? Take advantage of adding those payments onto your report through Rental Kharma, because why wouldn’t a lender or creditor even think you’re reliable when they see that you’re always making your payments? Makes sense….

Of Course These Credit Repair Secrets Make Sense!

And the best part is the majority of this will be a small temporary investment on your part. The bonus is you have those safety nets — your lines of credit and the ability to take out any loan you want at will due to that high credit score. Getting your credit repair fixed is about as easy as buying a candy bar with your credit card — and paying it back, so it shows on your report.

Just follow these rules implicitly. Click here for sponsored listings right nowSign up right now to get started immediately! And feel free to visit our Google+ page and Facebook page to learn more about what it takes to restore your credit to where it needs to be.

The post 4 Truly Successful Credit Repair Secrets appeared first on Independent Credit Solutions.

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Condominiums,Credit Repair,HOAs,Home Mortgages,Home Renting,Home Selling,Land Contracts,Landlords,Real Estate Market,Rent-to-Own Homes,Taxes

One Thing to Know About the USDA Mortgage Loan: Take a Look at Your Income

22 Jan , 2016  

Don’t get us wrong, though: the USDA mortgage is quite the secret in the real estate market. Just check this article out for yourself. If there was a way for someone to get a home loan approval fast and easy, it would be the USDA. But there are certain guidelines to keep in mind.

Keep an Eye on Your Income and Your Debt

It’s called the debt-to-income ratio. How much debt do you have? Is it ruining your credit? Do you need Lexington Law or Independent Credit Solutions to help you through those muddy waters? Good. Do it. But bear in mind that if the debt, plus the mortgage amount, just happens to be over 31% of your actual monthly income, the specific loan might be a no for you.
The VA program, another mortgage program out there, sticks to the similar rule: 41% is their measuring stick. Jumbo mortgage loans, the conventional ones, however, tend to stick to lower ratios overall given the assumption that when you take out a home loan, you’re entrusted to pay it every month despite whatever debt you already have.

And That’s What the Mortgage Guideline Is For:

It’s to protect you from buying a home that might be too expensive. When debt continues to drown you out, foreclosure commences. That’s something this real estate market won’t want given the growth we’re seeing in down payment averages and home prices.
So what should you do? Get on the right path, and without a doubt, the USDA mortgage loan might be your best bet, because it has plenty of benefits! Clean up your debt. Fix your credit. Sign up with the HOPE Program.

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Home Renting,Real Estate Market,Rent-to-Own Homes

We Have Nothing But Positive Things to Say About The #Vacancy Rate in #GrandRapidsMI When #reale…

22 Jan , 2016  

We Have Nothing But Positive Things to Say About The #Vacancy Rate in #GrandRapidsMI

When #realestate  is THIS good all across the board, you know you're a lot closer to your goal of home ownership, whether you're in an RTO scenario, or just renting out of an apartment. Vacancy rates play a major role in the health of the real estate economy, but not every city can have that low percentage.

A low percentage means tremendous interest in properties, buyer motivation, and homeowner longevity. People are paying their mortgages, paying their rent-to-own payments. And apparently Grand Rapids, MI, shows that in their astonishing vacancy rate of just 1.8%!

That's among the lowest in the nation, and just to put in contrast for you…. Detroit has the highest (that city's sitting on a vacancy rate of 12.1%).

Grand Rapids Home Values » Blog Archive » 5 Reasons Why Grand Rapids, MI, Real Estate Will Soar in 2016

We’re not simply talking about a trickle type growth in the Grand Rapids, MI, real estate market. Try national — at least that’s what Trulia states, a national real estate research firm, crunching the numbers in preparation for analysis of the 2016 housing market, and here’s the major scoop: …

Condominiums,Credit Repair,HOAs,Home Mortgages,Home Renting,Home Selling,Land Contracts,Landlords,Real Estate Market,Rent-to-Own Homes,Taxes

#ITPN   #Taxes  #Finance #RealEstate #Business #Investments

22 Jan , 2016  

#ITPN   #Taxes  #Finance #RealEstate #Business #Investments

Income Tax Planning » Blog Archive » The 1031 Exchange: Building Bigger Houses of Cards

We’re sure many wonder just how people get rich: tenacity. That’s the only way we can describe it. It all boils down to how you buy a candy bar for a buck and then sell it for two bucks. Simple as that. Increase the scale as high as you want to go, and you have a major money maker on your hands.

The post #ITPN   #Taxes  #Finance #RealEstate #Business #Investments appeared first on The Complete Real Estate Site.

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Credit Repair,Home Renting,Real Estate Market,Rent-to-Own Homes

The Current State of the RTO Home Industry: a Continuing Trend

22 Jan , 2016  

Read about any of the reviews regarding the Ultimate Rent-to-Own Home Program, this list of rent-to-own homes, and an aggregate system for RTO properties, and you’ll know right away: the RTO home industry is still as popular as ever….

The News in Today’s RTO Home Industry Might Surprise You, Though: Wall Street’s Getting in on the Action

You heard correctly: even high-profile firms are seeing the value in the RTO home industry. Rent-to-own makes more than the mark. It’s seeking to revolutionize the housing market regarding credit repair thanks to recent developments on one of the most prolific rent-to-own companies — aside from the prestigious organization the H.O.P.E. Program — a “little” corporation known as the Home Partners of America (HPA).

But before we get to the goods on what’s going on in this RTO home industry with respect to the HPA, let’s understand exactly what rent-to-own is all about:rto home industry-1

What Is Rent-to-Own? And Why Would You Want This Option?

Forget the negativity of an option that is rent-to-own and realize that there’s a direct benefit not just for the homeowner, but the home buyer here. All sorts of rent-to-own programs existed through small operators became the rage back in the ’90s as a way to provide an alternative to consumers who may not have a whole lot of cash saved up for a sizable down payment on a mortgage. Understandable. However, almost as quickly as the RTO home industry started seeing some gains, the trend declined due to easy lending choices with no money down — which, as you know, most definitely contributed to the unfortunate housing crash in 2008!

Essentially, the RTO home industry was all about negotiating a deal between the homeowner and the potential home buyer to rent the home for a specific length of time with an option to buy later down the road as credit improves and the home renter saves up enough money for a possible down payment. Sounds good, obviously, but there were cons to the RTO home industry, such as a higher rent and purchase price the longer they rent vs. the fact that those potential home buyers get to lock in that home at a price (which could be a negative, too) and try out the home and neighborhood to see if it’s a great fit for the individual or family. In a sense, the RTO home industry provided something rarely seen in the housing market: flexibility.

rto home industry-2Enter: the Home Partners of America

Given the fact that lenders nowadays are setting the bar so high, what with credit scores being the make-or-break deal in securing that mortgage loan, it’s now a sure thing: the RTO home industry’s rising again, and for good reason. The HPA sought to target this market that hadn’t seen any development for years since the crash, and it looks as if they’ve nailed a chance to stimulate the industry and get people into homes without issues of foreclosure or decline.

This is how the HPA operates — you’ve got a consumer looking for a home (obviously, a rent-to-own home) and collaborates with a real estate agent. Of course, the HPA has literally an empire of approved communities in suburban locations with solid school systems for families; additionally, prrices range from $100K to $725K, so you’re looking at an RTO home industry that blankets the entire range of possibilities for home buying.

What happens, of course, is the HPA then actually purchases the home from the seller, leasing that home to the prospective consumer. The deal is the consumer becomes a home renter with the actual right to purchase the home after a set period of time. There is an expectation that the home renter has to work on repairing credit for approval of a home loan as well as saving for that down payment, but here’s the catch: the longer that home renter is renting on the property, the more they may have to pay just to buy the house. Interesting trade-off. But with the right rent-to-own resources, and education on the RTO home industry, while it may benefit the homeowner, you’re looking at a great option for the home buyer!

Are There Any Examples We Can See on the RTO Home Industry Right Now?

If you were to go on the HPA website, you might see a home shown at a listing price of $449,975 in Chula Vista, CA, with the option for a potential home buyer to purchase at a price of $472,035 just after one year. Now after five years of renting, the home buyer would be looking at a $573,762 purchase price — a 28% markup from the original listing.

Sounds bad, yes — but when you’re informed of the stipulations beforehand and you know what to expect, without rto home industry-3even worrying about whether or not a bank will approve a home loan for you — for many families out there, that’s a great deal! Security. Insurance. Assurance. Those are now the main assets in this housing market, thanks to the RTO home industry.

How Does That Compare to Home Renting and Mortgage Payment Averages, Though?

Given the rising prices in our market at the moment, it’s not far off the apple tree — but make no mistake as those potential home buyers will be paying a premium due to a rent-to-own. Your typical 30-year conventional mortgage for the exact same listing in the example would go for just $1.8K. Now with an average single-family rental payment of $2.270K/month in San Diego, this is what the prospective homeowner’s paying extra for — the lock-in for buying that home without any chance of it falling through. Something many people see in the real estate market, for good reason (we, after all, don’t want to see another housing crash, right?).

A sparkling credit score, and a good down payment: that’s typically what we end up seeing in a traditional mortgage, something that doesn’t always work out for the average consumer. So, naturally, a chance to repair credit while living in the home, plus potentially getting the loan at the lease option to buy with zero down, just might be worth the extra price in rent, don’t you think? And here’s an even better benefit for that home renter: the tenant isn’t required to buy!

Interest in the RTO Home Industry Is Still Steadily Growing….

The HPA isn’t the only organization seeing a profit in the RTO home industry. Home LPC in NYC and Premium Point Investments have also thrown their financial hats in to see if there’s a profit to make in buying these properties and renting them out with a lease option to buy. More and more homes are being bought out for the purpose of rent-to-own; and due to the flexibility not only for the seller/company as well as the renter/buyer, it’s quite hard to see any disadvantage.

You just have to remember one important point when it comes to the RTO home industry — you need to know where to look, what to do, how to do it, and someone to help you do it all the way through. Something that may actually come a little easier for a prospective homeowner than saving a ton of money for a down payment and getting that mortgage approval….

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