Thinking about buying that cabin in the woods your family enjoyed over the weekend?There are two ways for determining how much cash you can afford to put toward a second residence solely for your personal use or part-time rental.The first is the asset method. Start by taking stock of your present wealth. Create a balance […]
Category Archives: Real Estate
The Mortgage Professor: Does it make sense to take a reverse mortgage on a $1M home?
If you own a home worth $1 million, would it ever make sense to take out a reverse mortgage?The question arises because the maximum amounts that can be drawn on a home equity conversion mortgage – the type of reverse mortgage program available through the federal government – are based on the lower of appraised […]
Realtor couple take to heart the advice they give to clients when preparing their home for sale
Realtor/homeowner Patricia Hanly has a collection of 350 teapots, most of them English and nearly all bought from the potters who crafted them in various villages all over Great Britain. She’s reluctantly packed away all but about a dozen in preparation for the sale of her cottage-style home on Bougainvillea Street in Sarasota. She and […]
Should you be a landlord in your retirement? – MarketWatch
In 2005, everyone I knew was buying real estate. With no experience and no money, they bought properties they couldn’t afford and were convinced they were going to make a fortune.Unfortunately, it didn’t work out that way, and most of them now have a foreclosure or short sale in their past.Does that make real estate […]
The beauty of trusts for real estate investing clients
A starting point with high-net-worth clients — especially those exploring real estate investments — is to emphasize that irrevocable trusts are an essential part of estate planning. This is not affected by the recent discussion of the possible elimination of all federal estate taxes. Even if irrevocable trusts are no longer created for tax reasons, […]
Here are the Miami neighborhoods fetching the highest and lowest real estate prices in 2017
The overall cost of buying a home in South Florida continues to climb, according to a report released Thursday reflecting sales prices in the first quarter of 2017. But prices vary significantly by neighborhood.In mainland Miami-Dade, the median sales price for all condos and single-family homes rose 12.5 percent over the first quarter in 2016. […]