Investment Property is a property purchased to generate rental income, tax benefits, or profitable resale rather than to serve as the borrower’s primary residence.  Contrast with “second home.”

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Top 10 Tax Tips for Rental Properties

Due to the recession, there has been a significant increase in the number of accidental landlords in the US – property owners who have turned properties that they wanted to sell into units that they must rent out. Many of these individuals will be including rental property income and expenses in their tax filing for the first time.

According to a study by the GAO (Government Accountability Office), about 25 percent of rental property owners over report their net income from rental real estate, by overstating rent received or understating expenses or losses. The estimated amount of net income overstated by misreporting rental property owners was $2.1 billion.

Download TODAY the Top 10 Tax Tips for Rental Property, and make sure you’re keeping money in your pockets!

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An investment property is a property that is not occupied by the borrower as a principal residence or as a secondary residence.  Investors interested in purchasing an investment property using FHA-insured mortgages can do it for the following reasons:

A. Purchasing HUD Real Estate Owned (REO) properties. Owner occupancy is not required when the jurisdictional HOC sells the property and permits the purchaser to obtain FHA-insured financing on the investment property.

B. Underwriting Considerations:

1. Individual investors who credit qualify may assume mortgages made on investment properties.  This applies to properties purchased before the 1989 ban on investors that have been subsequently streamline refinanced.

2. Qualifying ratios, the treatment of projected rental income, etc., need to met

3. ARMs and graduated payment mortgages (GPMs) are not permitted on investment properties.

Except for streamline refinances in which the mortgage was originally insured in the name of a business, FHA will not insure loans made solely in the name of a business entity (such as a corporation, partnership, or sole proprietorship) or trust.  One or more individuals, along with the business entity or trust, must be analyzed for creditworthiness.  The individual(s) and the business entity or trust must appear on the mortgage note.  The business entity, trust, or individual(s) may appear on the property deed or title.  All parties appearing on the property deed or title must also appear on the security instrument (i.e., mortgage, deed of trust, security deed).

This blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies is brought to you by SimplifyEm Pay Rent Online and Property Management Software

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Real Estate Church

Churches and synagogues are important hubs in the communities that surround them.  Some of them are bank foreclosures and loans to purchase them are hard to find.

Can God get a good rate? Read the story to find out!

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Fannie Mae Deed for Lease Real Estate Program for Homeowners

Homeowners facing financial trouble can stay in their home and rent them from Fannie Mae.  Borrowers who don’t qualify for loan modifications can sign up for it.

Learn more about Fannie Mae’s Deed for Lease program

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First-time home buyers who purchase homes before April 30, 2010 can get tax credit up to $8,000. Current homeowners who purchase a home before April 30, 2010 get tax credit up to $6,500.

Take advantage of the homebuyer tax credit before it disappears.  Read How

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Real Estate Investment Property Manhattan Apartment

Overseas investors are taking advantage of lower real estate prices and higher international currency values to buy a piece of New York City.

Read about services that make long distance ownership drop dead simple

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Real Estate Investment Property Foreclosure-REO

Nearly half of foreclosure buyers are looking for investment property and the number of consumers interested in investing has doubled according to Move.com.

Read what’s driving consumers to become landlords

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Real Estate Investment Island Home

A Caribbean holiday home is no longer out of reach as prices have fallen on sun-kissed islands. Prices are down 20 per cent or more on smaller islands.

Could you live in an island home? Read to find out

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Real Estate Investment Property Multifamily

The 2009 Urban Land Institute study says that a large contingent of echo boomers will drive demand for multifamily and entry level homes. Investors are advised to buy or hold multifamily properties.

Discover the Emerging Trends in Real Estate

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