TAX BENEFITS OF OWNING RENTAL PROPERTY

The tax benefits of buying a home versus renting |Patchogue|Medford|Homes for sale|LI Real Estate| www.ErwinGiron.com by ErwinGironTax Benefits Of Owning Rental Property.  Rental property deductions are too significant to ignore.  They are both numerous and substantial.

Bottom line, when it comes to federal tax deductions, “Residential Investment Property” provides a significant tax shelter.  This is evident if you own one or many rental properties. Read the rest of this entry »

SHOULD I SELL OR RENT OUT MY HOUSE?

Should I Sell or Rent Out My House ?

Usually, moving means that you will need to sell your home. After all, it’s usually a necessary step in affording a new home.

But for a number of reasons some people choose to rent out their homes instead. For example:

Read the rest of this entry »

FORECLOSURES FOR INVESTORS – 10% DOWN

Foreclosures for Investors – 10% down

For those of you who are unaware, these amazing deals are available through HomePath, a Fannie Mae operation.

Following are the details:

Read the rest of this entry »

REAL ESTATE INVESTING – 5 MYTHS THAT KEEP PEOPLE FROM STARTING

Real Estate Investing – 5 Myths That Keep People From Starting

Who doesn’t want to make a little extra cash every month. Especially if that money just shows up in your bank account without you actually working for it. Passive income is the way to go. And real estate investing is a pretty passive income stream that can pay you while your sleeping.
 
But a lot of individuals let other people’s fears stop them from investing in real estate. And because of that influence they deny themselves and their families the benefits of having extra money show up in their bank accounts every month.
 
You know the story; There’s always one person in a crowd that wants to dream steal from you. In real estate investing, you’ll always hear about somebodies uncle, who has a friend that was renting out their place and they got stiffed by some bad tenants.
 
Just ignore these stories. If you’re interested in creating wealth for your family, and you’re fired up about real estate then don’t let the following 5 myths keep you from building your real estate empire.
 
Real Estate Investing – 5 Myths That Keep People From Starting (Are they Keeping You From Building Your Empire?)
Read the rest of this entry »

NOW IS THE TIME!

Now is the time!  Every change in economic conditions affecting real estate create new opportunities for financial gain.  If you currently own your home, or even if you are a renter with available investment money, this is a great time to purchase “Residential Investment Property.”  Depending on the situation, you can either, rent it out (with some rather amazing tax benefits) and then Read the rest of this entry »