real estate

How to Find a Rental Property in an Expensive Market

08.04.2014
How to Find a Rental Property in an Expensive Market

A while back, Zillow contacted me to see if they could write a guest article for Retire By 40. At the time, I was searching for a new rental property and I used Zillow almost every day. I also own Zillow stocks so you can see that I’m a big fan of the company. Anyway, I asked Tali to write an article about finding rental properties in an expensive market, so here it is. I hope this is helpful to new investors who are looking for an investment property. How to Find a Rental Property in an Expensive Market By Tali Wee […]

8 comments Read the full article →

Can We Defer A Big Tax Bill With A 1031 Exchange?

06.30.2014
defer big tax bill 1031 exchange rental property primary residence

As our regular readers know, we just sold our 4-plex and a rental home. The good news is we made a profit on both these transactions, but the bad news is we’re going to have a hefty tax bill next April. The rental home in particular has quite a bit of gain because we had it since 2000. It was our primary residence until 2007 when we moved to our current condo. One way to defer paying the tax is to use the IRS 1031 exchange and I thought we’d go over it in detail today. Rental Home History Here […]

15 comments Read the full article →

Should your home be a big part of your net worth?

05.28.2014
Should your home be a big part of your net worth?

A few days ago, I got a question from one of our readers. “My biggest question, as I’m retired in my 40’s but my husband still works, is how much can I spend on a house. What % of my assets is wise to invest in a house that we hope to live in . . . maybe forever.“ That’s a great question! Obviously, there is no exact answer to this question because every situation is different. In your 20’s, you probably rented or just purchased your first home. At this point, the home equity/net worth ratio is probably quite […]

46 comments Read the full article →

Selling a rental can have big impact on your tax liability

04.14.2014
Selling a rental can have big impact on your tax liability

Sorry to write about the rentals again today. It’s just consuming all my attention and I’m having a hard time thinking about anything else. We decided to put our rental home and 4-plex up for sale to take advantage of the HOT real estate market. I know we’d have to pay tax on the gain, but I didn’t realize just how much tax we’d have to pay. A Big Tax Bill I just finished our tax return with 3 days to spare. Whew! This year we don’t have to pay much tax at all because we came in under the […]

65 comments Read the full article →