Home Inspection Nightmares To Avoid
Real Estate Tip:
You can legally invest in real estate with your IRA and 401(K) and pay little or no taxes provided your IRA or retirement plan uses an approved custodian. The widespread misconception that permissible IRA investments are limited to stocks, bonds, mutual funds and CDs is the result of people and companies who are in the business of selling these products.
Real Estate Insights:
NJ Still Drowning in 'Underwater' Mortgages, New Study Reveals [View Article]: Real estate price swings in the US are most dramatic on the coasts. Many property owners who purchased real estate when prices were sky high during housing bubble, particularly in urban areas are still underwater without any equity. The truth is that the value of a property only matters when you buy it or sell it just like a stock or another asset. The price, the value and your equity position while you own a property is less important than whether you can afford to keep up with mortgage payments and maintenance costs. Although having negative equity in a property is disconcerting, the key to thriving as a property owner is being realistic about what you can reasonably afford when you purchase and then putting adequate funds aside for unexpected expenses.