The tax advantages in joint purchases

Article Abstract:

Joint purchases offer the holders of real estate assets significant tax advantages as amortization deductions can be used to improve the deductions taken for cost recovery. Joint purchases, which also are known as split purchases, consist of one investor purchasing the present interest in a real estate asset while the second investor purchases the future interest in the asset. The advantages to the term holder include the income from the entire property, a 100% cost recovery deduction for the underlying asset and the ability to use straight-line amortization.

REAL ESTATE, Methods, Real estate investment, Real estate investments

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Tax implications of lessee's option to buy

Article Abstract:

Renting property with an option to buy creates a special tax situation with possible benefits for both lessee and landlord/seller. Many of the specifics of the tax law regarding rent-to-buy options are found in the Internal Revenue Code Section 1234. Tax circumstances for either party may be found at the time of abandonment, expiration or sale of the option or if the option is exercised. Buyer and seller would both benefit from allocating the largest reasonable portion of the monthly payment to the option premium.

Interpretation and construction, Purchasing, Taxation, Tax law, Economic aspects, House selling, Home selling, Options (Finance), Contracts, Landlord and tenant, Landlord-tenant relations, Rental housing, House buying, Home buying

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Important considerations for homeowners who refinance home mortgages

Article Abstract:

Homeowners considering refinancing their mortgages should not base their decisions on mortgage rates alone. The other factors that they should consider include: "points" charged by the new lender, repayment penalties assessed by the old lender, closing costs, and the expected time of retention for the new mortgage. A set of criteria designed to help homeowners make sound refinancing decisions is presented.

Personal Financial Mgmt, Personal finance, Mortgages, Refinancing

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