Friday, 28 June 2019
Question: I recently heard of something called the Mills Act, can you tell me more about it and how it works? Answer: Certainly. What is the Mills Act?The Mills Act is property tax reduction for designated historic properties. It will limit changes that can be made to the property. How does a property qualify for
Friday, 21 June 2019
Question: “We’re going to sell our rental property and have our property manager list it…” Answer: Hold on a sec! You don’t want a regular real estate “sales” agent trying to manage your property. And you don’t want a property manager trying to sell your property. Even though both jobs require real estate licenses, they’re
Friday, 14 June 2019
Question: “I’m thinking about doing a 1031 exchange, how long does the whole process take?” Answer: It’s MUCH faster than you might think. In fact, it only takes a couple of days to set up. So it shouldn’t delay your transaction. That being said, never wait until the last minute to set up your exchange.
Friday, 17 May 2019
Question: (This question isn’t exactly about “investing”, but…) “A guy from a solar company just came by saying they work together with California. He wanted to find out if our home would qualify for SOLAR. At no cost to the owner. What do you know about this, given that we’ll be selling the home? Should
Friday, 12 April 2019
Question: “I’d like to have you handle the sale of my rental house. We told the tenant there would be no lockbox and the home would be shown with 24 hour notice during business hours…” Answer: Let me stop you right there before you cost yourself any more time and money. In theory we’d like
Friday, 05 April 2019
Question: “We currently live with family, which isn’t great, but oh well. My wife and I are handy and while we’re living here, we’d like to buy a little fixer-upper to resell and make some money towards buying a bigger house down the line. Where do we start?” Answer: Keep in mind that buying fix
Friday, 22 March 2019
Question: “I’ve heard that condos are bad investments. Is that true?” Answer: Not at all. I personally own three rental condos and they’ve been great investments. They’re especially good for beginning investors because they’re lower in price (on average) and require less management and maintenance since the HOA takes care of the exterior and grounds.
Friday, 01 March 2019
Question: “Can I buy a rental with my VA eligibility?” Answer: Sorry, but VA loans are only for your primary residence.
Friday, 15 February 2019
Question: “If a tenant has a lease, they can still give a 30 day notice to end the lease, can’t they?” Answer: No, they can’t. A lease agreement binds a landlord and tenant for a certain time period. Neither has the right to unilaterally end the lease early. If a tenant breaks a lease, my
Friday, 07 August 2015
Question: “My wife inherited a home six months ago and moved in. We don’t really like the neighborhood and would love to sell and move now. But her dad paid next to nothing for the house, so we have to wait until we’ve been here two years or we’ll pay taxes on the sale, correct?”