There’s been a lot of chatter lately about a possible repeal of all or part of the Dodd-Frank Act and what that might mean to housing in general and small real estate entrepreneurs in specific. If you’re wondering how an omnibus finance-regulation law affects you at all, here’s the quick answer: If you SELL houses…
What are the consequences of selling that property you have held for 15 years? You may walk away with some cash, assuming you haven’t refinanced the property. If you have refinanced the property and taken cash out, you may find yourself owing more in taxes than you get when you sell. By the time you’ve…
Last week, I started a series of articles about things I’ve changed my mind about over the years; as in, used to see them as absolute right/wrong issues, and now think of them as, well, at least 49 shades of gray. If I were a politician, this would be called flip flopping. But I’m not,…
Which, if you missed it, was to repeal a never-enacted rate cut to FHA buyers for mortgage insurance premiums. In his last days in office, president Obama issued an order to cut the annual mortgage insurance premium from .85% of the loan balance to .60%. This rate cut didn’t go into effect until January 27th,…
Like a lot of seasoned investors, I have a LOT of opinions about the “right” way to do things. In fact, I’m afraid that, once I form a particular belief about something, I might be even MORE likely to stick to it like white on rice than the average person, ‘cause I’ve been around the…