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You own a rental property for years Vitolo Jersey , and never see the "big pay-off." Is it time to cash in on your investment, now that you've paid down the mortgage, and values are up? Maybe not.

The Problem With Selling

Selling means you'll have to pay a large capital gains tax. This can be avoided if you reinvest through a 1031 exchange, but then the point is that you want your money, right? Also, a good rental gets more income as rents go up. Do you want to lose this inflation-indexed retirement plan? What's the alternative?

Refinancing Rental Property

Have you considered that if you refinance Thomas Partey Jersey , you can get much of your gain out of the property, without paying a penny in taxes? Borrowing money is not a taxable event. You can take it and spend it however you want, and still keep your rentals.

Let's look at an example. Suppose you have owned a small apartment building for years. You bought it for $240,000, with a downpayment of $40,000 Thomas Lemar Jersey , and mortgage payments of $1650 monthly on the balance. Now it is worth $400,000, you only owe $120,000, and your cash flow is around $800month. How do you get at that equity?

A bank will probably loan you 70% of the value, or $280 Stefan Savic Jersey ,000. After paying off the first mortgage, you are left with $160,000. With todays lower interest rates, your payment on the new mortgage will be about the same. At most you might lose $50month in cash flow.

An even better scenario: Use $40,000 for high-return upgrades to the property, such as carports or laundry rooms Saul Niguez Jersey , and then raise the rents. You could have $120,000 left over to spend any way you want, AND have higher cash flow. Does that sound better than selling your retirement plan? Don't sell. Refinance that rental property!

Steve Gillman has invested real estate for years. To learn more, and to see a photo of a beautiful house he and his wife bought for $17,500, visit Most of the students these days opt for higher studies after completing courses like engineering and medical. This is because such streams require further research programmes even after the undergraduate level. Higher education scholarship comes as a great assistance. Such scholarships come up with multiple advantages and are predominantly Santiago Arias Jersey , the most favorable mode of financial help. Either these higher education scholarships happen to be merit based or are awarded as to the students for some specific achievements. Often these scholarships for Indian students are considered as some really prestigious achievements which in the long run can boost up your resume.

Best ever economic aid


The foremost advantage in availing a higher education scholarship is that it is the best possible financial aid one can ever think of. Higher education was always an expensive affair. Be it the high tuition fees or admission fees, the top notch colleges and universities for higher studies have kept their exclusive resources at quite a high price. Thus, most of the students who think about getting a higher education need to apply for education loans. Although the higher education loans are easy to get, but they come with sky high interest rates. So, such loans in the long run, build up too much pressure on the students and can harm their future by putting him in a lifelong debt Rodri Jersey , affecting their focus on studies and even limiting their education so as to cut the costs.


Scholarships are basically free money, allowing the student to focus on their careers instead of worrying about the repayment of loans. The best thing about a higher education scholarship is that one never really needs to repay this. This obviously helps them to focus on their studies and concentrate on their careers and eventually get a job with high salary package.