Category: Real Estate

Holiday rentals 1031 Exchange

We are often asked if the tax liability for the sale of a vacation home can be deferred using IRC section 1031 procedures. The answer to this question is found in Income Procedure 2008-16. The general rule of thumb for ALL 1031 exchanges is that the property should be...

Review: Battle for the Castle by Elizabeth Winthrop

My children enjoyed The castle in the attic by Elizabeth Winthrop, so we decided to listen to the sequel, The battle for the castle. Both boys approved of the book and I entertained myself long enough with the book to continue listening to it. The summary William took a...

Factors Considered in Home Appraisal: The Most Important

The appraisal is simply an estimate of the value. A licensed appraiser will evaluate the property and provide an opinion on the condition of the property doing it. Although it may be similar to inspection, but there is a big difference. The main objective of this activity is to...

The Desperate Agent Model

Too many agents are dealing with buyers with a desperation or scarcity mentality. They use the four-step Desperate Agent Model, applying it over and over again, hoping the odds will miraculously swing in their favor at some point. 1. Talk to the prospect with the goal of creating a...

I want my 400 pounds! – Trucks, APUs and weight assignments

There is a lot of fuss about APUs (auxiliary power units or generators) these days. Yes, the federal government allows up to 400 pounds for trucks with APUs or any device used to reduce fuel use and emissions. It’s part of the downtime reduction strategy – encouraging truckers and...

Now that we are separated, my husband completely ignores me, why?

Sometimes I hear from people who are very disappointed in their spouse’s behavior during a trial or a marital separation. Often they have reluctantly accepted the breakup, either because they didn’t feel they had a choice or because they hoped the breakup would actually improve their situation. Some are...

4 options for making investment real estate purchases

When someone decides, is ready and prepared to invest in real estate, for investment purposes, you need to do your homework and know / understand your options, in terms of investing in this type of property. While investing in real estate is often an excellent investment, this is only...

How important is due diligence when buying a business?

Performing due diligence before closing on a business purchase is actually the most important step in purchasing a business. Unfortunately, it’s also a step that many small business buyers randomly approach, or leave altogether. Due diligence generally occurs immediately after the buyer and seller reach a formal agreement on...