Is it worth the money to hire a home stager?

Question: “Is it really worth the money to hire a stager. Can’t I stage my house with my existing furniture?” Answer: Yes, you can, but it may not be optimal. It depends on: Your furniture Not all furniture is good for staging. It should be: In new or excellent condition Coordinate well with your home’s
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Can I use tax-deferred exchanges on fix and flip properties?

Question: “I’m going to get into house flipping and do tax-deferred exchanges to roll my gains into the next flip and avoid paying taxes. My tax person said that will work…” Answer: I always defer to tax professionals…except when they’re DEAD WRONG! The IRS says that a property must be “held for investment or used
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What should we think about before buying a home?

Question: “We’ve made a New Year’s resolution to buy a home in 2020. What should we start to think about before we buy?” Answer: I’m excited for you! So excited, I’ll share with you my quick stream-of-consciousness: Are your job and life stable enough to take on this responsibility right now? What monthly payment are
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What information is a seller’s agent allowed to disclose?

Question: “When we bought our house, the seller’s agent told our agent the seller would come down $25,000. And sure enough, we offered a little low and they came down the 25K. Now that we plan to sell and the shoe is on the other foot, I don’t want our agent saying things like that.
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What is the minimum down payment for an investment property?

Question: “I’m thinking of buying my first investment property. How much will I need to put down?” Answer: Almost certainly 20% or more. Anything below 20% down is virtually unheard of.
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What if you can’t afford to buy a home you really want?

Question: “My husband and I are frustrated. We’re renting and we know it’s a great time to buy, but we can’t afford to buy a home we really want…” Answer: Some people call that having “champagne taste and a beer budget.” That’s a little rough, so I prefer to just say that some people have
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Should I reduce the asking price of my home?

Question: “My wife and I have had our home on the market since October, at $825,000 and it hasn’t sold. Our agent told us to reduce the price. But we don’t want to lose money. What should we do?” Answer: I hear that often and am sympathetic to your plight.  But it sounds like you’ve
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Do I need a property manager?

Question: “I plan to buy an investment property and am curious, do you recommend hiring a manager or doing it yourself?” Answer: Great question. And like many, it depends… Do you have the time to manage the property?You can go for long stretches where all you do is collect rent. But then you can have
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Should I buy a fixer-upper?

Question: “We can’t find anything we like in our price range. I’m trying to convince my wife to go for a fixer-upper so we can buy in the neighborhood we like. What do you think?” Answer: Great idea! Many people have bought fixer-upper homes and proudly shown me the before and after photos once their
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Are home valuation websites accurate?

Question: “A Realtor just told me my home is worth $850,000, but Zillow says $975,000 and…” Answer: Hold on…you must be a new subscriber to this newsletter! Otherwise, you’d have seen my regular rants (my son says too regular!) about how laughably inaccurate EVERY home valuation website is. Now, I’m not going to be like
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