Joe's Blog
What are the benefits of using a 1031 exchange?
A 1031 exchange, also known as a tax-deferred exchange or like-kind exchange, is a provision in the U.S. Internal Revenue Code that allows investors to defer capital gains taxes on the sale of certain types of property when they exchange it for another similar property. Here are some benefits of doing a 1031 exchange: Tax… Continue reading What are the benefits of using a 1031 exchange?
What is the Title Company’s Role when buying a home?
A title company plays an important role in a home purchase by providing a title search and title insurance services. The title search involves an examination of public records to ensure that the seller has a clear and marketable title to the property, which means that there are no liens, judgments, or other claims against… Continue reading What is the Title Company’s Role when buying a home?
Thinking about buying a FSBO (For Sale By Owner)?
Buying a property that is for sale by owner (FSBO) can be a bit different from purchasing a property through a real estate agent. Here are some general steps to consider: Determine your budget: Before you begin looking for FSBO properties, you should have a good understanding of how much you can afford to spend.… Continue reading Thinking about buying a FSBO (For Sale By Owner)?
Rehab loans – creating equity.
There is a great deal of information on the internet about rehab loans. Many times I have clients ask me about them as an option – in fact, just yesterday, I had a client email me requesting more information about the various rehab mortgage loan options. While there may be more options – I’ll go… Continue reading Rehab loans – creating equity.
Credit Repair and Maintenance – Why your Credit Scores could save you $1,000s over your lifetime!
Credit Never Sleeps Everyday we deal with credit – especially in the mortgage business. One of the biggest determining factors in getting a home mortgage are your credit scores. So why are they so important? Credit is derived from algorithms developed by Credit Bureaus to determine your credit worthiness. Think about long ago before there… Continue reading Credit Repair and Maintenance – Why your Credit Scores could save you $1,000s over your lifetime!