Category Archives: Tips

Evaluating a condo association when buying

When you purchase a condo, you’re also buying a stake in the larger condo building or complex.  More than anything else, your neighbors and the association will determine your happiness and return on investment. While home shopping, you’ve probably evaluated the closet space and checked out the bathrooms.  More importantly, though, have you audited the…
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5 Homebuying Mistakes

I watch the homebuying shows, too.  They give you three options, and you select one.  In real-life homebuying, though, is it that easy?  Well, of course not.  It's a complicated process with many decisions to make along the way. When shopping, don't let the excitement of homebuying distract you from simple ways to make the…
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3 Tax Tips for Real Estate Flippers

  Keep flips separate from long-term investment properties. Real estate flipping is a very different enterprise than long-term investing. Buy-and-hold landlords benefit from “passive” income rules for rents and favorable capital gains treatment. Flipping, on the other hand, is a short-term “active” pursuit similar to self-employment. Mixing the two endeavors together in the same entity…
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Spring Cleaning for Condos

This harsh winter was hard on all of us.  Unless you’re particularly lucky, it was probably tough on your condo building and budget, too.   Once the snow finally clears, here are some commonsense tips to rescue your building from this winter and spruce it up for the summer: Inspect the damage.  Have a few different…
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