I recently heard that the portion of one's monthly condo fees that go into a reserve fund for capital improvements to the overall property can be added to an individual condo unit's tax basis. Is this true?
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I asked my broker about a good inflation hedge, and he pushed us to invest $25,000 in American Century Global Gold Fund. My wife and I are very concerned about inflation when we both retire in nine years at age 67. We have a $141,000 portfolio of income/growth stocks you recommended in the past, and we reinvest all the dividends as you recommended.Read More »
I am currently trying to purchase a home from my daughter. The loan was approved, but the lender told me there is a law that if you purchase a home from a family member, they can finance only 85 percent of the sales price.Read More »
I want to invest about $50,000 in gold or silver or gold bullion or coins as an inflation hedge. Then, 21 years from now, when I'm 67, I'll retire and then sell the gold or silver and invest the profits in stocks and bonds that pay good income.Read More »
I'm a married, 37-year-old, self-employed plumber with three children and have barely managed to keep my head above water these past few years. Because I'm a conservative investor, the broker for my small pension plan wants me to buy $5,000 of the Goldman Sachs Growth & Income Fund, which is up over 12 percent for this year.Read More »
I lost my home to foreclosure in August 2011. I had a second mortgage on the home that was secured by a deed of trust for $99,000. This was a home equity line of credit that I used to pay off a pool loan, used for home improvements and later tapped each month to make the mortgage payment.
Tagged with: ForeclosureRead More »
A new study recently completed by two California universities puts a new spin on the effects of homeownership on children in owners’ families. The study showed that homeownership is associated with lower high school dropout rates and lower teen birth ...Read More »
DEAR BENNY: My wife and I are purchasing a two-bedroom condo. We are paying cash and intend to have her parents live there for a year, and then we will likely turn it into a rental. Our current single-family home ...Read More »
Dear Mr. Berko: A good friend, who is a mechanical engineer, just bought 8,000 shares of Capstone Turbine, a company he believes offers the best and cheapest power-generating sources in the country. The stock trades at $1.03, and I’d like ...Read More »