Answering Questions About Real Estate Planning

<p>Real estate can be a huge piece of a financial plan, especially now that mortgage rates are at historic lows. We’ve gotten a lot of question for the show about this topic and today we’re running through nine different mailbag submissions that all tie into real estate. </p> <p>As part of our summer podcast series, we're going back to the most popular topics of the past year and revisiting them once again. </p> <p> </p> <p><strong>To read more on this topic, visit us online here:</strong> <a href= "https://johnsonbrunetti.com/answering-questions-about-real-estate-planning/"> https://johnsonbrunetti.com/answering-questions-about-real-estate-planning/</a> </p> <p> </p> <p><strong>What we discuss on this episode:</strong></p> <p class="p1"><span class="s1" style= "color: #000000;"><strong>0:20</strong> – <em>Mailbag Question #1</em>: My house is already paid off but I’m about to sell it to downsize in a condo that’s about $100,000 cheaper. Should I put the money I make into the market?</span></p> <p class="p1"><span class="s1" style= "color: #000000;"><strong>1:54</strong> – <em>Mailbag Question #2</em>: I want to start a business and make an addition to my house that will give me the space to do that. Should I take the money from IRAs or take out a business loan?</span></p> <p class="p1"><span class="s1" style= "color: #000000;"><strong>3:00</strong> – <em>Mailbag Question #3</em>: I’m thinking about having my mom sign her house over to me in case she goes into a nursing home and runs out of money.</span></p> <p class="p1"><span class="s1" style= "color: #000000;"><strong>3:57</strong> – <em>Mailbag Question #4</em>: I have two rental properties that have mortgages on them. I have enough in investments to pay off the mortgages but rent covers the mortgages right now. Do I even need to pay them off?</span></p> <p class="p1"><span class="s1" style= "color: #000000;"><strong>5:04</strong> – <em>Mailbag Question #5</em>: I know that I need an emergency fund, but instead of keeping money in a savings account, can I use