A possible scenario for the 1031 exchange. Let’s say you bought a residential property in the San Francisco Bay Area for $250K twenty years ago. Since the property is located in a good area, its value has appreciated to $1M. Over the years, he refinanced the original loan to consolidate his other debts and currently…
Category: Real Estate
Commercial Real Estate Financing with Many Ways to Make the Grade
Commercial Real Estate Financing It is currently being used for many different types of profitable business ventures: office buildings, retail stores, apartment complexes, storage facilities, and the list continues to grow. Today, commercial loan rates are still reasonable enough to take advantage of the hotel/motel industry as well; Investors are also using business loans to…
Just Foreclose Now! The problem with post-petition liabilities on surrendered houses
Perhaps surprisingly, one of the most frustrating developments in our current foreclosure crisis has to do with the stubborn resistance of mortgage lenders to carry out a foreclosure in a timely manner. Most commonly, this situation arises in a Chapter 7 bankruptcy where the debtor has determined that it is in their best interest to…
Top Ten Tips When Buying Real Estate!
In the current financial climate, real estate continues to be a strong investment in many areas. Informed buyers will always make the most of the real estate market. These top ten real estate buying tips will help you conduct your next real estate transaction with confidence. TIP #1: Hire the right Agent! Hiring the right…
Protect your real estate investment by getting title insurance
When you take the necessary steps to buy a property, it’s normal to assume that the person or company you’re dealing with is offering you a fair deal. You certainly deserve to feel that the writing you receive is valid and correctly worded. To ensure that their interests in these types of transactions are properly…
6 Basic Principles to Understand About Multi-Unit Home Ownership!
While historically owning investment real estate is considered a quality and relatively safe vehicle, it takes some knowledge, understanding, planning and carefully choosing the right/appropriate property to do so! After more than 15 years as a licensed real estate seller in New York State and someone who has repeatedly invested in residential rental properties, I…
Bank Branch Buildings Are a Great Little Investment: Why You Should Buy Leased Real Estate at a Ban
Did you know that there are now nearly 100,000 bank branches in the United States? They proliferated in the late 1990s and early 2000s as drug stores and fast food outlets. All the banks were fighting for market share with comfort as the watchword. Will all the locations still exist after we get through this…
How I learned to sell my house fast!
I was trying to sell my house for over two long years before I figured out how to sell my house in 7 days or less. He had a house in another state that he no longer lived in. In addition to the house I lived in, I was paying a first and second mortgage,…
The second oldest profession… Barter and trade
After finishing a course in 1031 tax-free exchanges in the early 1970s, the first agreement drawn up on this “revolutionary” means of doing business was a “NON-qualified 1031 tax-free exchange” using “pure boot”. This was not “like property”. A builder had been building houses like crazy and suddenly the market turned south and no one…
Investing in gold: factors that influence the price of gold
Understanding the factors that influence the price of gold is crucial before making an investment in the precious metal. Just as important is being aware of the key differences in the supply and demand for gold compared to other investments like commodities, stocks, and bonds. Another factor to take into account; Gold is not the…