Posted by Shawn Simpson // March 21, 2018
When you take ownership of property, you receive a piece of paper, called a “deed,” that shows you have title. This deed explains how you want to own the property. When you and another person or persons are buying a house together, you can own the property either as tenants in common (TIC) or as joint tenants […]
Posted by Shawn Simpson // February 7, 2018
With interest rates rising, it’s time to take a look at cap rates. The cap rate ratio is commonly used in commercial real estate and is useful in a number of situations. The low cap rates probably won’t last as Treasury yields rise, said Alfonso Munk, chief investment officer of Americas, Prudential Real Estate Investors. “There’s […]
Posted by Shawn Simpson // January 3, 2018
Newsweek says “Being a better person is the top New Year’s resolutions for 2018, according to a new poll from Marist College in New York.” Their findings show that about 12 percent of those surveyed want to become a better person in 2018. The same amount reported wanting to lose weight in the new year. Only 7 […]
Posted by Shawn Simpson // December 13, 2017
Should I purchase a rehabbed house in Omaha? Or a fixer-upper? How much can I save buying a fixer-upper? According to Zillow, about $11,000. The real-estate service found that houses described as fixer-uppers or with phrases such as “needing TLC” were listed for about $11,000 less than their estimated market value. Nationwide, 1.6 percent of […]
Posted by Shawn Simpson // October 4, 2017
Congratulations! You and your spouse decided the time was right to add homeowner to your CV. If you are like most first-time home buyers, you will need a lender. We have 5 credit tips to get lender approval for a traditional loan. Realize, a lender will judge you by your FICO credit score. The credit […]
Posted by Shawn Simpson // September 27, 2017
Forbes says, “If you’re looking into real estate investments, you likely want to earn wealth on real estate based on the risk you are taking while minimizing the amount of time you need to spend attending to the property. To accomplish this, you need to make some smart choices upfront when buying investment property. What kind of […]
Posted by Shawn Simpson // September 20, 2017
Every new president brings rumors of a repeal of 1031 exchanges. Real estate executives are waiting for the President Trump tax reform program. Some experts think part of the tax reform includes 1031 exchange elimination. Forbes quoted CBRE Americas head of research Spencer Levy. “Levy said the GOP tax reform plan would allow businesses to fully expense […]
Posted by Shawn Simpson // August 2, 2017
The Omaha World-Herald reported recently that “Nebraska lawmakers joined a national debate in April about regulating Airbnb and other home-based, short-term rentals. “At issue was Legislative Bill 628, which would block local ordinances or regulations that target such rentals. “Airbnb and similar online booking apps connect travelers with people willing to rent out a room […]