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Thierry Roche

Defer or Avoid Fairfax Real Estate Taxes Through Trusts

Fairfax VA Homes for Sale trustFairfax real estate taxes can end up being annoyingly disappointing to a lot of homeowners, especially those who have created moderate to large estates. Taxes can go up to 50% or more of that person’s estate. This is where trusts come in.

Putting Fairfax VA homes in a trust has many benefits. Aside from minor types, the two more popular types are the Grantor Trust for estate planning and the Non-Grantor Trust, which is useful against lawsuits. Consulting an estate planning attorney should be done first in order to clearly understand their benefits as well as the key differences of each from the other. Trusts are really inexpensive, costing from a few hundred dollars to a couple thousand for packages that consist of a trust plus an estate plan foundation.

Grantor Trust

Basically, the Grantor trust was designed to facilitate avoiding Fairfax real estate taxes. It can also help in bypassing a long legal probate process which otherwise would take many months, saving you thousands of dollars associated with legal and court expenses. This trust is flexible since it gives the right to remove the property from it if ever this becomes necessary in the future.

Non-Grantor Trust

Though it has some of the advantages of a Grantor Trust, the Non-Grantor Trust has additional asset protection components. Mainly, a property put into a Non-Grantor Trust can’t be taken off this entity, which actually is the key in giving added protection from creditors and lawsuits. With you no longer owning the property technically anymore, you won’t be the one involved with the controlling interest to it, even if you or your heirs are associated with a part or all of its benefits and wealth-producing potentials.

Putting Fairfax VA homes in a trust is very advantageous because of the cost to benefit ratio. Learn more about protecting your property in this and more ways by signing up for my webinar where this information can be covered in more detail.

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Thierry is a Real Estate Agent at RE/MAX Premier, and Host of Talk Radio’s, “Inside Real Estate

Thierry & his team Guarantee a $25,000 minimum savings for Northern VA Homebuyersby applying his unique insider techniques & strategies that he discovered throughout 8 years of exclusive Radio Interviews & Insider Access to wealthy Real Estate Insiders, Investors & Top Industry experts.

Phone: (703) 222-6714.

Thierry@ThierryRoche.com

Copyright 2010 Inside Real Estate, LLC. All Rights Reserved.

Protect Fairfax Real Estate Assets with the Right Entity Ownership

Buying or owning Fairfax VA homes generally entitles you to three different choices on how to take ownership. Understanding this is very important for those owning any type of valuable asset that has equity in it. If structured in the right way, it can provide impenetrable protection from creditors, judgments, and even from the IRS and its claims. Here are three of the most common forms of ownership you should consider in deciding how well protected you want your assets to be:

Fairfax-VA-Homes-for-Sale-entity-ownership Tenants in common

This type of ownership is for two non-related persons who will own the property together. So for people who are not relatives to own a property together, half of the property goes to the other when one of them dies.

In this case, the owner who is still alive has a new partner. Tenants in common ownership actually is easy to understand, however, it has limited asset protection. A creditor or a judgment can take away a share of the asset which means a new partnership.

Joint tenancy

Joint tenancy is for two people who are related owning or buying a property such as Fairfax VA homes. If one of them dies, that person’s share goes to the other one who’s still alive. Until then, both people jointly own the property as well as being jointly liable. If one of you have credit or IRS problems or becomes entangled in a lawsuit, the property can be taken from both of you or its equity can be clouded with a lien. It could also result in totally losing equity on it because of just one person’s problems.

Tenants by the entirety

Married couples have the privilege of having this form of joint ownership. The ownership is meshed together so both parties own all of the property together 100%. As of the time of this writing, this will protect the asset from creditors, judgments, IRS liens, and lawsuits if only one person suffers financial troubles or similar problems. Therefore, Fairfax VA homes owned this way will be protected because there is no equally divisible portion.

Entity Ownership

Now beyond these three basic types of ownership is entity ownership, wherein the property is put under a Limited Liability Company or a Limited Partnership. For a few hundred dollars, this will provide asset protection as well as protection between partners, which is very useful for non-related partners. However, entity ownership is far from simple, requiring a separate checkbook and minutes to meetings in order to be run officially.

Those buying Fairfax VA homes and considering this option should consult an attorney, especially for investors looking to do it effectively. Though it needs more effort through extra time and administration, the protection it gives your assets from unforeseen financial issues is very much worth it.

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Thierry is a Real Estate Agent at RE/MAX Premier, and Host of Talk Radio’s, “Inside Real Estate

Thierry & his team Guarantee a $25,000 minimum savings for Northern VA Homebuyers by applying his unique insider techniques & strategies that he discovered throughout 8 years of exclusive Radio Interviews & Insider Access to wealthy Real Estate Insiders, Investors & Top Industry experts.

Phone: (703) 222-6714.

Thierry@ThierryRoche.com

Copyright 2010 Inside Real Estate, LLC. All Rights Reserved.

Be a Multimillionaire With Fairfax VA Homes for Sale

Fairfax VA Homes for Sale Build wealth 3Now that you’re aware of how to make money from Fairfax real estate without even selling, you can be a millionaire within 15 to 20 years with even just one house. Now imagine if you can do it with multiple houses.

Quite often, people can get Fairfax VA homes paid down to a point where an extra equity develops. They then take some of this equity without selling the house and use it to pay down and buy another house. With this second house, since the tenant would be paying the mortgage for them, they’ll take off some equity again after a few years and use it for a third house, and so on.

This strategy is called equity reutilization and most multimillionaires have built their wealth on it. Thousands of real estate investors get on this every year. By owning just three or four houses, people can become multimillionaires in 15 to 20 years.

You can compare this with the board game Monopoly. You can get rich off one property but if you own multiple properties, you’ll soon become very, very rich.

Even with just one Fairfax VA home, you can become a millionaire. A $400,000 house paid off for you with the extra money reinvested properly at a compounded interest of maybe only 10% can result in heavy pockets for you. With the multimillionaire strategy of equity reutilization, imagine how much repeating this process with multiple houses can earn you.

This serious investment strategy is not a get-rich-quick scheme if that’s what you’re looking for. However, this conservative wealth-building method is one of the most proven ways of making millionaires than any other real estate strategies.

Learn more Insider strategies that can save you and make you lots of money on your next Fairfax VA home purchase! Sign up for my free webinar and hurry because space is limited! Specific information about the N. VA market and more details about these homebuyer saving strategies exclusive available to seminar attendees await!

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Thierry is a Real Estate Agent at RE/MAX Premier, and Host of Talk Radio’s, “Inside Real Estate

Thierry & his team Guarantee a $25,000 minimum savings for Northern VA Homebuyersby applying his unique insider techniques & strategies that he discovered throughout 8 years of exclusive Radio Interviews & Insider Access to wealthy Real Estate Insiders, Investors & Top Industry experts.

Phone: (703) 222-6714.

Thierry@ThierryRoche.com

Copyright 2010 Inside Real Estate, LLC. All Rights Reserved.

Make Money Even If Fairfax Real Estate Values Go Down

Fairfax VA Homes for Sale Build wealth 2Fairfax real estate, and real estate in general, usually appreciates over time, increasing in value as the years go by. However, you don’t have to rely on housing appreciation to earn with your investment. You can make money even as real estate values are going down.

Say you bought a Fairfax VA home for sale for $200,000. You can get a tenant to pay a market average of $1,500 per month to cover the monthly mortgage payments of the property. At the end of the mortgage, which could take only 10 to 15 years, you’ll get an asset clear of debt. Why 10 to 15 years when most standard loans take 30 years to pay off? Simple: you apply the mortgage principal pre-payment strategy!

Let’s follow this example through to the end and see what you end up with. Assume you’ll be making extra principal pre-payments from the extra you can get from the rent. This will let you pay off the property in 15 years. Now, say market values go down sometime during those 15 years and the $200,000 home you bought went down in value to $150,000. Did you actually lose $50,000?

No. You didn’t lose money because you didn’t pay any. To buy the house, you only had to invest the down payment, which could be as low as $5,000 to $10,000. Let’s assume you did pay $10,000 down. When the formerly $200,000 property is paid off, you end up with a $150,000 property clear and free of debt.

You made your $10,000 investment turn into a $150,000 asset owned free and clear because you got someone else (the Lender) to lend you the money to buy it, and then had another person (the Tenant) pay the loan for you. That’s how leveraging the power of real estate can make you wealthy.

That’s not all though, since after the mortgage is paid off, you still get monthly checks worth $1,500 from the continuous rent. Though market values went down, you were still able to make money from Fairfax real estate. It would have to go lower than the $10,000 you paid for you to lose any money at all – which is ridiculous. And remember we’re assuming real estate values go down. What more if values just continued to appreciate?

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Thierry is a Real Estate Agent at RE/MAX Premier, and Host of Talk Radio’s, “Inside Real Estate

Thierry & his team Guarantee a $25,000 minimum savings for Northern VA Homebuyersby applying his unique insider techniques & strategies that he discovered throughout 8 years of exclusive Radio Interviews & Insider Access to wealthy Real Estate Insiders, Investors & Top Industry experts.

Phone: (703) 222-6714.

Thierry@ThierryRoche.com

Copyright 2010 Inside Real Estate, LLC. All Rights Reserved.

Buy and Never Sell: Build Wealth with Fairfax VA Homes for Sale

Fairfax VA Homes for Sale Build wealth 1Ever wonder how the majority of real estate investors make their millions? It’s actually no secret: just Buy and Never Sell. That’s it. This opportunity will allow you to count yourself among the many millionaires in the country who have built their wealth through real estate. So how does buying Fairfax VA homes for sale earn you money if you don’t sell it?

You can have Fairfax VA homes paid off by a tenant. Renting the property will get you a tenant who can actually pay you extra money over the amount of the monthly mortgage payments, with minimal investment.

Then, using the technique of principal pre-payment that was discussed in an earlier post, you can save off even more. Rents paid by tenants can cover more than just the monthly mortgage payments; they can also take care of all expenses and maintenance fees. All in all, with mortgage principal pre-payment, the tenant can pay the Fairfax VA home off for you in about 10 to 15 years.

You’ll get a house you didn’t pay for, since it was the tenant who paid it off for you. You’ll also get tax breaks being a landlord that you won’t receive as a homeowner. Then, after the mortgage is done, you’ll get pure monthly cash flow from the continuous rent.

Millionaires have been made this way, and a lot of real estate investors follow in their footsteps. The main difference with investors and you as a homeowner is that they have to put up much larger down payments.

However, this situation still lets you buy a house with little or no money down, then have someone else pay it for you. Then you continue getting tax breaks and cash flow coming in.

The only downside is you have to maintain the living standards of the home. You won’t have to worry about this if you write your leases correctly with this in mind, while also having the required home warranties in place along with enough insurance. Then you can say goodbye to major expenses and hello to cash flow.

Now this is part of another topic which will be discussed more in my free and live online webinar that you can sign up for, free of charge. Learn more about this tried and tested way to get rich in America!

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Thierry is a Real Estate Agent at RE/MAX Premier, and Host of Talk Radio’s, “Inside Real Estate

Thierry & his team Guarantee a $25,000 minimum savings for Northern VA Homebuyersby applying his unique insider techniques & strategies that he discovered throughout 8 years of exclusive Radio Interviews & Insider Access to wealthy Real Estate Insiders, Investors & Top Industry experts.

Phone: (703) 222-6714.

Thierry@ThierryRoche.com

Copyright 2010 Inside Real Estate, LLC. All Rights Reserved.