Divorce doesn’t have to destroy the kids. There are options out there, and they’re not to blame. So it just so happens that many divorcing couples find the option to keep the home when dealing with a divorce until those kids move out when they’re older. There’s a specific reason to doing this, in that it’s not going to be a forever thing when owning the home indefinitely — eventually, that home will get sold!
The Tax Benefits Are Obvious, But Keep This Important Point in Mind….
If you’re going to sell that home later on, make sure you get that attorney on your side to stipulate in the divorce agreement that the home still is your “main residence” for tax purposes. The law states that you won’t get the tax benefits of selling the home if you’re not living in the home for at least two of the last five years of that primary residence.
So if the son and daughter are only in their teen years, and you’ve moved out, selling the home leaves you high and dry while the ex-spouse reaps the tax benefits. Therefore make a point to research with the Income Tax Planning Network and find out what you need to do to settle the issue correctly.
Because Selling a Home Can Be a Benefit
Tax benefit, to be exact. It just takes timing. And divorce is anything but timely. Make it a point to sign up with ITPN and talk to an expert immediately. Get the lawyer, too, while you’re at it. Divorce doesn’t have to destroy the finances, especially when you’re facing the issue of selling that home. Either you sell the home and make anywhere around $250K in profit, or you’re not paying attention to those tax laws and have to fork over a ton of that profit to the IRS. You pick.
The post Maximizing Tax Benefits for Selling the Home After Kids Grow Up appeared first on Your Rent-to-Own Consultants.
Twitter knows everything real estate these days. Buying a home? You’ll find it in a tweet. Have you browsed the trends lately? Selling homes on Twitter’s huge these days. The whole of social media, in fact, knows home selling like the back of its digital hand, and don’t even get us started on real estate investment. There’s a big cash cow there, especially when researching property values on Zillow, so if you’re looking for a little know-how, honestly, you might as well find it online.
And You Find That Relevant Information Through Retweets of Anything and Everything Real Estate
Why? Not only is it good information — it’s relevant information. This is information passed around right now. Who knows — you might even read this information and realize what’s not only trending in everything real estate, but active in the world today, on the news, in your neighborhood, and basically everywhere you look. So it’s in your best interest to check out these articles on everything real estate on retweet from the top professionals in the industry:
- Want Hyperlocal News on Everything Real Estate? — You get that on the Twitterverse right here.
- The Mortgage Industry’s Trending Right Now, Too — And you better be prepared by checking out this article on the best retweets out there.
- Everything Real Estate Technology and Social Media Innovation — What’s great for the market? New technology. Want to know what’s working in the Twittersphere?
- Thinking About Real Estate Investment? — There’s a wealth of information there as well, among other topics for real estate professionals, if you click here and look for yourself.
And More and More Retweets Keep Cropping Up as We Speak
So it’s in your best benefit to be involved. Get on social media. See what’s cooking. Tweeting. Trending. Check out the hashtags. Look to the predictions of everything real estate. Information is power. Trust us.
Real estate investing back in the day was a whole lot like gambling. You had to have the right cards on the table for it, and if not, you’re playing with risk. So says this investment guide, right? Now don’t get us wrong: if you’ve got the goods when it comes to the knack for real estate investing, then you’ll most likely experience a lack of risk while you sit bored at your real estate investment as the money rolls in. But not everyone has the ‘goods’, especially the startups and newbies.
Enter: Crowdfunding Real Estate Investing
Crowdfunding real estate investments? What’s that? What’s “crowdfunding” anyway and why is it starting to make such a stamp in the industry to the point that people just might be turning away from traditional lending and opting for this collaborative effort? Here are three reasons why crowdfunding real estate strategies are now what’s in for today’s industry:
- First Off, Forget About the REITs — Why? Crowdfunding real estate investing goes above and beyond the impersonal real estate investment trust. How? Find out right here.
- The Personal Investment to Revitalize Communities — Think long-term here, people. It’s one thing to invest in real estate from afar…. But when you’re right in the middle of the community, you get to see the “big picture.” What’s the big picture? Take a look.
- Transparency and Accuracy — In other words, when partaking in crowdfunding real estate investments, you’re included in the huddle. The circle. The team. The collaboration. And that benefits you how? Here’s how.
Crowdfunding Real Estate Investments: an Innovation of the Future
Like that headline? We do, too. And how is it possible to get so much collaboration, transparency and communication when it comes to crowdfunding real estate? Simple. You can thank technology, the cloud, and data-driven processes to ensure that everyone’s in the know. That way, you maximize your chances of getting lender approval. The money’s there. You’ve got your backing. And you’re well on your way. Why?
People have a voice. That’s what crowdfunding real estate seeks to utilize and maximize. Nothing says real estate success like a thousand voices gathering together and making something happen. Want to know more about real estate investments? Take a look.
When you think about it, it makes perfect sense: people want to actually see the properties in real time. So why not live video feeds? Until recently this past year, two innovative apps — Periscope, and Meerkat — saw the gargantuan launch of the new technology hit cyberspace like a ton of bricks with promise, and the real estate market’s left with a new creative resource for all home buyers, home sellers, home renters and home investors alike, something that even the BBB A-rated HOPE Program would endorse fully as any learning advantage to any real estate market guru, aficionado and active player in the game, right?
But Here’s the Thing: Which App is Better for the Real Estate Market?
Tough call, especially since we’re only beginning to grasp the technology. The point of Periscope and Meerkat is the fact that social media selling homes turns more instant than it already is, as sweet as it is for the home selling industry, synchronized with cyberspace and linking with those prospects immediately.
Don’t get us wrong, though: YouTube’s still a major game player in the biz, and Facebook rules the lead generation airwaves without a problem. But when you’ve got the likes of Twitter spreading the visibility and word of open houses, showings, and all of that for the real estate market as well as Pinterest and even Instagram, let’s just make this one thing clear — it dovetails quite nicely with live video feed services like Periscope and Meerkat. A nice complement. An enhancement, if you will. Which one, however, is the better investment?
Up, Periscope, and Let’s See What We Can See
You can check out a basic review of the benefit that is the Twitter-owned app Periscope right here, but specifically, this is what you need to know about the app that could arguable take over the industry in a big way for the real estate market — Periscope has a ton of momentum, and a following, right now. The team behind Periscope with the fan base and the marketing they’ve launched has made the app the rage, and you can actually see that on Twitter yourself. People everywhere are talking about Periscope for the real estate market in droves.
This is largely due to the seamless integration with Twitter — and already beefed up advantage in the real estate market all by itself — with a superior default feed viewer and rebroadcast ability. The flexibility. the ease of use. You can’t beat Periscope in that manner.
Meerkat, However, Has One Advantage Periscope Doesn’t Have
As far as we can tell, Meerkat offers one feature that Periscope currently doesn’t possess: scheduling. With Meerkat, you can schedule your broadcasts before recording, gaining viewership and enhancing the word-of-mouth advertising aspect of the real estate market. This allows for planning and implementation through social media in a big way; additionally, prospective viewers will get those notifications that a live stream will occur at a [insert time/date], maximizing chances of the stream making a bit hit in the real estate market. You get the picture? Learn more about Meerkat right here.
Still, Meerkat isn’t as seamless and intuitive as Periscope, but it does the job well regardless; so it then begs the question:
What’s the Verdict? Which One Should WE Use?
Again, tough call, but we’ve got it right here — both. Test them. Experiment with them. As with anything social media — whether it’s Facebook, LinkedIn, Pinterest, WordPress and Blogger, or anything else: immerse yourself in as many social media platforms as possible, because you’ll have Meerkat users out there, and you’ll have Periscope users as well. Why not take advantage of both platforms?
This is largely due to the fact that there currently isn’t really any market leader at this point. We can venture to say that Periscope just might have the lead, but the fact is this — there’s enough share space here for both to really play a role in this real estate market. Perhaps if Periscope updates and configures its broadcast options and continues to grow, it just might overwhelm Meerkat and leave the older application behind in the dust, but only time will tell.
Cowboys are lovin’ the real estate market in this big state. Even the Chinese are digging it. But why? Recently it was posted for all to see the 20 hottest real estate markets in the U.S. for 2016, and wouldn’t you know it? Texas ranks up there with some of the best when it comes to supply and demand. People are just willing to sell their homes, and there are buyers in droves willing to shell out the money for it.
But It’s Not About Good Deals or Even a Decent Real Estate Inventory, Though….
You’ll notice in these metrics for these four Texas towns that there’s a certain consistency, and that’s key. For a real estate market to flourish, the supply and demand has to be in sync, although you’ll notice a trend with these towns — real estate markets flourish with higher prices and shorter market durations, and home mortgages soar with zero down and decent monthly payments. Regardless, you can expect for 2016 these real estate markets to be the cream of the crop, and if you’re looking to invest in some real estate, and you like the Alamo, we’d say these are sure winners for your rawhide:
- San Antonio, TX — You’ll remember the Alamo here in San Antonio after checking out these real estate metrics.
- Austin, TX — Country cowboy sounds are playing like beauty here in the “music capital of the world,” and the real estate isn’t too shabby here either.
- Midland, TX — Such a quiet town where President George W. Bush used to live when he was a kid…. Real estate, though, is pretty loud here! But that’s a good thing. Don’t mess with Texas….
- Dallas, TX — Love the Cowboys? Good. Real estate does as well, and for good reason once you see where this Texas town ranks as far as real estate markets go.
Ride ‘Em, Cowboy — Real Estate’s Wild in the Lone Star State
You read it here first, varmints. Now skedaddle. Before my trigger finger gets itchy. While you’re at skedaddlin’, though, better check out these towns real quick for a good look at Texas real estate. You just might see your new home here (or if you live in any of these areas, you just might hit pay dirt in selling!). Sign up for the latest technology in selling your home by clicking here. Looking to buy a home? Enroll right here! Interested in investing? X marks the spot!