Monthly Archives: June 2019

The True Cost of Selling Your House

Posted by Shawn Simpson // June 26, 2019

The True Cost of Selling Your House

OpenDoor says, “While the average real estate agent commission hovers around 5% to 6%, depending on where you live, the true cost of selling your house tends to be higher. When you factor in additional costs that are common in most sales like repairs, closing costs, and relocating costs, your total expenses can come closer to 10% […]


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When Using 1031 Exchange to Avoid Taxes

Posted by Shawn Simpson // June 19, 2019

When Using 1031 Exchange to Avoid Taxes

When using 1031 Exchange to avoid taxes, remember there are only two certainties: Death and Taxes. I suspect you never avoid taxes. The only way I see to avoid taxes is not to invest. What is a 1031 Exchange? A 1031 exchange is mostly relevant for people with rental property. The 1031 exchange is for real […]


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What Happens If You Inherit a house with a Mortgage?

Posted by Shawn Simpson // June 12, 2019

What Happens If You Inherit a house with a Mortgage?

Inheriting a home can bring with it challenges, especially if the home comes with a mortgage. What happens if you inherit a house with a mortgage? Under certain circumstances, the mortgage documents may require the beneficiary to repay the entire loan in a very short time. Those who inherit the mortgage will want to think […]


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Can I Sell My House with Tenants in It

Posted by Shawn Simpson // June 5, 2019

Can I Sell My House with Tenants in It

Can I sell my house with tenants in it? Of course, you can. When you decide it’s time to sell your rental property, there are two main courses of action you can take as a landlord: Wait for the lease to expire before selling, or sell while your tenants are still living in the home. […]


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