Syracuse named in top 10 most affordable places to live in U.S. list

Looking for affordable housing? According to a new study, Syracuse ranks as one of the cheapest places to live in the United States.

Real estate website Trulia published its list of most affordable places to live in the U.S. based on housing, commuting and utilities costs, the Huffington Post reports. Syracuse ranks at No. 9 on the list of top 10 cities.

Read more

How to Buy a Small MultiFamily Property: A Step by Step Case Study

I really like small multifamily properties, and I talk about them an awful lot. Several months ago, I wrote a post called “How to Make a Million Dollars in Real Estate” which was designed to show the possibilities for building wealth through real estate – and the start of that plan was the purchase of a small multifamily property. I’ve explained many times that the goal isn’t to buy a property that fits exactly the description mentioned, but rather to teach the math behind the method. You could buy a triplex, a few duplexes, lots of single family homes, or whatever.

Read more

The Ultimate Guide to House Flipping in any Market

House flipping is a fantastic way to make money, but it is not a way to get rich quick. To make money flipping houses you have to buy houses very cheap, account for all costs, sell houses quickly and find great financing. You may not make a lot of money with your first flip, but as you gain experience and learn the business you can make serious money flipping houses. I flip 10-15 houses a year and I average over $30,000 in profit on each flip. I have nine flips in progress and it has taken me many years to build up my flipping business to handle that many properties at once.

Read more

Tax Lien Investing

While everyone should pay taxes on their property, not everyone does. When they don’t, local municipalities may assess a lien against it, and take the property away from the owner. This is where you, as an investor, comes in.

Read more

The Smart Way to Buy Foreclosures

If you’re in the market for a new home, foreclosed properties can be really appealing. It’s easy enough to find a listing in a neighborhood that would otherwise be out of your price range, but don’t be fooled by what looks like a great deal. Buying a foreclosure is something you should seriously evaluate prior to shopping or writing an offer. Check out “The Pros & Cons of Buying a Foreclosure” for more on the specifics.

Read more

Tax Advantages of Owning a Second Home

You've probably heard that owning a second home provides some tax relief—and, it can. There are some special tax rules and regulations that apply to second properties, however, and they can be a little confusing. Hang in there, we'll try to make this as clear as possible.

Read more

How to Buy a Short Sale Home

What ever happened to the days when a homeowner who just wanted to sell his home found a willing buyer and, after several negotiations, the home sold? The economy, silly. The real estate market’s tumble into the ashes flooded the market with “distressed properties” – a sweet euphemism for homes that the owners could no longer afford.

Read more

Ten Things to Know About 1031 Exchanges

Tax nerds may be able to spout off Internal Revenue Code Sections, but most people never get beyond 401(k). (That’s right, your workplace retirement savings plan is named after a section of the tax code.)

Still, “Section 1031″ is slowly making its way into daily conversation, bandied about by realtors, title companies, investors and soccer moms. Some people even insist on making it into a verb, a la FedEx , as in: “Let’s 1031 that building for another.” (While Section 1031 isn’t restricted to real estate, that’s clearly where most of the discussion takes place.)

Read more