Investment Property
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JLL Income Property Trust Acquires Newly Constructed North Tampa Surgery Center
CHICAGO, Dec. 14, 2021 /PRNewswire/ — JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with more than $5.5 billion in portfolio assets, today announced the acquisition of North Tampa Surgery Center, a 13,000-square-foot, newly constructed medical office building in Odessa, Florida. The property is 100 percent leased on a long-term basis to Comprehensive Outpatient Joint and Spine Institute Center. The purchase price was approximately $8.5 million. “Within the office sector, our priority investments are healthcare-oriented, focusing on medical office and life science properties,” said Allan Swaringen, President and CEO of JLL Income Property Trust. “In an uncertain environment for traditional multi-tenant office properties, these…
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When To Buy Your First Rental Property
Deciding to invest in your very first piece of rental real estate is the first step toward generating a passive income and creating long-term wealth. The journey to building wealth can be quite difficult and should not be taken lightly. Before investing your hard-earned cash into a rental property, a wise investor needs to have a plan. Having a well-mapped-out plan will help mitigate some of the risk. Continue to read below to learn what elements should be included in your plan! Identify the type of rental property you want to own The world of rental real estate is vast; there are a variety of properties that are up for…
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Considering a Cash-Out? Now is a Great Time as Equity Skyrockets!
Record home price appreciation in the last few years has pushed tappable home equity to new heights! According to a report published by data vendor Black Knight this week, the third quarter of 2021 saw a nearly $250 billion increase in tappable equity—a record. With record high tappable home equity, now is a great time to consider a cash out refinance to fund those projects or repairs around the house, start an addition, consolidate high interest debts, or whatever you need the extra cash for. The report from Black Knight also sheds light on the fact that the aggregate total of $9.4 trillion is up an astonishing 32{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} from the…
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Rental Real Estate Taxes
2022 Tax Brackets 2022 Tax Rate Single Filers Married Filing Jointly Heads of Households 10{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} $0 to $10,275 $0 to $20,550 $0 to $14,650 12{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} $10,275 to $41,775 $20,550 to $83,550 $14,650 to $55,900 22{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} $41,775 to $89,075 $83,550 to $178,150 $55,900 to $89,050 24{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} $89,075 to $170,050 $178,150 to $340,100 $89,050 to $170,050 32{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} $170,050 to $215,950 $340,100 to $431,900 $170,050 to $215,950 35{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} $215,950 to $539,900 $431,900 to $647,850 $215,950 to $539,900 37{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} Over $539,900 Over $647,850 Over $539,900 As an example, if you have $10,000 in rental income and you’re in the 22{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} tax bracket, you will owe $2,200 in taxes on that rental income. How to…
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It’s no Hogwarts, but this Harry Potter actor’s real estate portfolio might be just as grand
(STACKER) — Famous actors seem to have it all—looks, wealth, talent, and prime real estate in beautiful locations around the world. Their homes feature every amenity and luxury. For some actors, though, real estate is about more than an enviable estate or mega-mansion, it is an investment that marries their love for home and their entrepreneurial spirit. These actors have taken their passion for prime properties and turned it into a serious side hustle. Whether they flip or renovate, love commercial or residential, or own property in this country or another, these actors have made an enviable living outside of their given trade by investing in real estate—and they have…
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5 Tips for Buying a First Investment Property
NEW YORK, Dec. 06, 2021 (GLOBE NEWSWIRE) — Real estate investing can be a smart financial move to diversify a financial portfolio. But buying a first investment property can be challenging, and there are many financial implications to consider beyond just how much the property will cost. That’s where these five tips for buying a first investment property come in to help make the process seamless. 1. Keep Your Debt Manageable It’s normal to take on debt when purchasing a first investment property, but new investors will want to make sure their existing debt is under control before making the commitment. Having too much outstanding debt can make it harder…
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