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BUYING A HOUSE 

What Buying a House “As Is” Really Means

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You found a house in your dream neighborhood. It has the right number of bedrooms, bathrooms and a nice backyard. It’s just what you were looking for.

Then you learn it is being sold “as is.” That house that seemed so perfect now seems a bit frightening.

Follow these 100 tips when buying a house.

Selling as house “as is” basically means the seller will make no repairs or improvements and is selling the house in its current condition, according to realtor.com. In many cases, the houses are “as is” because the seller can’t afford to make the improvements.

Learn how to inspect your home like a home inspector.

“Once you buy that house, it’s yours and you’re pretty much stuck with whatever decision you made, so you really need to be very educated and thorough about what you’re doing,” said David Tamny, owner of Professional Property Inspection

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HOME FOR SALE 

Regal Cinemas Closure: What it Means for Real Estate Investors

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The coronavirus pandemic has impacted businesses across a wide range of industries, and movie theaters are no exception. And on October 5, Cineworld Group (LSE:CINE), the parent company of Regal Cinemas, announced plans to shut down all of its U.S. and U.K. movie theaters less than two months after those establishments were able to reopen.

The reason? It’s not a lack of consumer demand, but rather, a lack of movies to screen. With so many film releases being postponed due to the pandemic, movie theaters are now in a position where they want to welcome guests but don’t have content to entice them. Cineworld CEO Mooky Greidinger likened the situation to that of a grocery store with no food to sell — there’s little point in opening the doors.

Cineworld’s announcement comes on the heels of the newest James Bond movie being postponed yet again to April of 2021. The

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HOME VALUES 

Here’s what owning a second home means for your taxes

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Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

  • If you’re considering buying a second home, there are a few pros and cons to weigh when it comes to your taxes. 
  • Homeowners can deduct up to $10,000 total of property taxes per year on federal income taxes, including taxes on a second home.
  • If you don’t rent out your second home, it’s taxed much like a primary residence, with mortgage interest and property taxes deductible. 
  • If you’re planning to rent out your second home for part of the year for income, however, your taxes will be much different, with more deductions available, and income tax due on any rental income. 
  • Policygenius can help you compare homeowner’s insurance policies to
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FOR SALE 

What McLaren’s factory sale means for the future of the F1 team

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After all, the impact of the financial crisis caused by the coronavirus pandemic had hit the McLaren group’s automotive and racing operations hard – prompting it to plan for 1,200 redundancies and needing to arrange a £150 million loan off the National Bank of Bahrain.

While such measures were not ideal, they did mean at least that once the road car operation started up again and racing got underway, McLaren was able to put any financial uncertainties to one side.

So when news that a ‘For Sale’ sign was being put up at the McLaren Technology Centre, it was easy to conclude that perhaps the team’s economic situation was not as rosy as it had earlier appeared, as there was clearly a need for it to raise the £200 million it hopes to get for it.

Yet rather than this being a knee-jerk measure to get some fast cash, the

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