Posted by Shawn Simpson // June 26, 2019
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% […]
Posted by Shawn Simpson // June 19, 2019
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 […]
Posted by Shawn Simpson // June 12, 2019
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 […]
Posted by Shawn Simpson // June 5, 2019
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. […]