By Garrett Sutton, Esq. There are a few reasons a quit claim deed is not preferred to transfer title to your property. One big reason is because the quit claim deed severs an express or implied warranty of title. (This means you are just granting whatever you may own...
By Garrett Sutton, Esq. There is one asset most people forget to get complete asset protection for. It's an asset that for the average population, is the biggest asset they will ever own. What is it? Their home. It's an asset worth anywhere from around $100k to a...
You have made your decision to invest in real estate. You know what property you want to buy. Your offer has been accepted. Now what do you need to do to make sure your property is protected from the start? Here is a checklist of the seven steps for asset protection...
Keep in mind that in cash flow investing, your rent determines your income. If the property value goes down slightly but you are still able to charge the same amount of rent, you will see no change in your cash flow. However, if your property depreciates so much that...
By Garrett Sutton, Esq. There are two goals for real estate investing. One is for the value of your property to appreciate over time so you’ll be able to sell it for more than you bought it. Those are the two crucial points in time for your property: When you buy it,...
Recently I was asked for more information about what a Real Estate Professional is, and why investors should consider it. As this has many tax implications, I’ve asked fellow Rich Dad Advisor, Tom Wheelwright, for his thoughts on this important strategy, which is not...
By Garrett Sutton, Esq. One of the greatest tax gifts is the principal residence rule for capital gains on the sale of your home. So great is the principal residence tax exclusion that even married couples filing jointly are benefited to the same, if not greater,...