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What to Do If You Inherit A Home

McKissock

The legal issues or responsibilities, on the other hand, might involve situations where the property is co-inherited, for example, among siblings, and working together to find a common resolution becomes a nightmare. Tax liabilities: This can include federal estate taxes and property taxes. Download here.

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Does Refinancing Affect Your Taxes?

Assurance Financial

No matter whether you want to put a new roof on your home or build an addition, when you refinance, you can free up more cash that can be put toward these renovations. These improvements may also reduce your liability for capital gains tax. This will help you remember how much money you spent and when you performed the renovations.

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In-House vs. 3rd-Party On-Site Property Managers: Which Is Best for Your CRE?

The Robert Weiler Company

No stranger to offering business-related sage advice, Benjamin Franklin was fond of reminding us all that “death and taxes” were the only two certainties in this world. While Franklin knew that death and taxes were guarantees, how those taxes are paid, and who’s managing the properties taxed is anything but certain.

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Important Mortgage Acronyms

Assurance Financial

Downloadable Guides. Click here to download the file. Click here to download the file. Municipalities often use FMV to determine the tax rate on a home. A home with a high FMV will have higher property taxes than one with a lower FMV. PITI (Principal, Interest, Taxes and Insurance). contact-form-7].