Story | Jan 28, 2015 | 4:21 PM
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Column | Jan 29, 2015 | 2:30 AMQ: I bought a foreclosed house through an auction website and paid cash. I used an equity line of credit on my current house at a 3 percent rate. I won the bid at $145,000 and had to pay a buyer premium of $7,250 for a total purchase price of around $154,000. The house was built and sold in 2005 for around $240,000. I put in another $15,000 to improve the home. I have a total of about $168,000 into the house. I bought the house to fix it up and flip it; however, I really don't like paying capital gains taxes. The capital gains tax would be about $15,000 and my profit would be cut from $40,000 to $25,000.
Story | Jan 28, 2015 | 6:27 PM
After a lengthy string of increases, the median sale price for a single-family home in Glendale dropped slightly last month from the same time last year, and the number of homes sold climbed, according to the latest real estate report. The median...
Story | Jan 28, 2015 | 9:54 AM
Story | Jan 28, 2015 | 11:18 AM