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Investment Property Tax Deductions List for Spokane

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Uncle Sam gives, and Uncle Sam takes away. But in the case of buying local Spokane investment properties… you can earn investment property tax deductions for your Spokane properties. For real estate investors, the United States provides the opportunity to earn a living purchasing investment properties… and holding those properties as investments, and of course the … Continued

Tips on Buying Real Estate with your IRA in Spokane – NWC Investments

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While most people understand that real estate is an investment, many people are taking advantage of the qualified retirement accounts to purchase real estate as an appreciating or revenue-generating instrument like IRAs. It’s really important to understand the tax implications, legal ramifications, and various other intricacies of purchasing Spokane real estate within your IRA. So, let’s dive into … Continued

Short Sale vs Foreclosure – What’s the Difference in Spokane?

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Whether you’re a buyer or a borrower/seller, a short sale, and foreclosure each present different advantages and difficulties. What Is A Foreclosure In Spokane, WA? In simple terms… “A foreclosed home is one in which the owner is unable to make his mortgage loan payments and the bank repossessed the home” (source).  If you stop … Continued

5 Steps To Buying Mobile Home Investments In Spokane

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Considering buying mobile home investments? Here are the steps to follow: Step 1. Why Mobile Homes Before buying mobile homes in Spokane, WA, ask yourself: what is my goal with mobile home investments? Will I be reselling the mobile home after my purchase? Am I looking to renovate this mobile home? Am I looking for … Continued

5 Steps To Buying Commercial Property Investments In Spokane

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Considering buying commercial property in Spokane? Here are the basic steps: Step 1. Why Commercial Property Before buying commercial properties in Spokane, WA, ask yourself: what is my goal with the property? Will I be renovating and reselling the property? Will I hold the property long term and collect commercial rental income? These answers will … Continued

5 Steps To Buying Rental Properties In Spokane

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Considering buying rental properties in Spokane? Here are the basic steps: Step 1. Why Rental Properties Before buying rental properties in Spokane, WA, ask yourself: what is my goal with the property? Will I be renovating and reselling the property? Will I hold the property long term and collect rental income? Will I live in … Continued

5 Steps To Buying Vacant Land In Spokane

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Considering buying vacant land in Spokane? Here are the steps to follow: Step 1. Why Land Before buying vacant land in Spokane, WA, ask yourself: what is my goal with land? Will I be reselling the land after my purchase? Am I looking to build on this land? If so, what am I going to … Continued

5 Signs of A Great Investment Property In Spokane

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You have your legal and financial ducks in a row to invest capital in property, but what should you buy? You also need to assess what type of owner you plan to be. Will this be your new residence? Will you purchase, renovate and flip it? Or are you planning to be a landlord? There … Continued

How To Give Investment Real Estate As A Gift In Spokane

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The gift of investment real estate is life-changing. It might be your son or daughter’s opportunity to retire early or build a great college fund for their own children. As of 2019, the IRS Gift and Estate Tax Exemption Amount states that any one person can gift another person up to $15,000 tax-free. Also, you … Continued