1031 Exchange Benefits
WHAT IS A 1031 EXCHANGE? According to Section 1031 of the IRS Revenue Code, no gain or loss will be recognized in the sale of a property held for business or investment purposes. A 1031 exchange allows you to defer a capital gains tax when exchanging one like-kind property for another. If utilized properly, the […]
How income and debt ratios matter to mortgage financing
Ugh. Math, debt and loans. Probably not most people’s favorite topics. Before your eyes glaze over while looking at terms such as financing and ratios, take a deep breath and remember how important this is to determine if you can get a loan for purchasing a house and how much house you can afford. All […]
Selling your home yourself? Tips for FSBO’s
The primary reason a seller lists a home on their own is to make more money off the sale of their house by saving money on commission. I get it. Who doesn’t want to keep more of their money? Many real estate agents charge between 4% to 7% to sell a house. The agent that brings the […]