When the seller needs additional time after close and plan post-close occupancy, buyers may wish to consider some ramifications. Will this effect your financing? How about insurance issues? Who will cover costs? … repairs? … substantial losses? Definitions: Use and Occupancy Agreement – Seller to Remain: Principle residence – form/agreement, general in nature. License for … More Buyers beware: Seller occupancy after closing
A significant part of any move, relocation, addition of 2nd home, or estate plan involves taxes; income taxes & property taxes for starters. Hence, below is a primer how to not accidentally double your property tax bill, or conversely, overpay if not need be. Definitions: Principle residence: Plan to return after ‘short absences’. Assessor will … More Michigan Principal Residence Exemption
I try to take a curriculum most useful to my clientele. So what kind of classes do I take? To keep a license active, continuing education is a requirement, both for Michigan and Florida real estate brokers (and agents). Most folks may not realize but we may choose from many different ‘approved’ classes. Here is … More My Continuing Education, your benefit.
In 2012 I’d predicted a real once per generation buying opportunity. Now I have the spreadsheets from client deals to back it up. Further, take a peak at this: So, after you re-read the old article from 2012 here: Real Estate May Be The Buying Opportunity of the Decade Posted on November 14, 2012 Let … More Investing: then and now
Standard deduction – way up. Itemized deductions – far less valuable. Misc employee exps – gone. State/local & property taxes capped at $10k total. Planning point: move expenses to other places or eliminate them because they have less/no value. LLC’s, S-Corps, Partnerships enjoy new 20% deduction. Planning point: How you hold your property investments can … More New tax law – new strategies.
Isn’t everything done best via the MLS? Lets look. Meet & Discuss Further <|> Share Your Buy Wish List Loves `em: Often seller(s) who want a highly controlled, minimally invasive, & best outcome approach to the selling process… a “rifle style”. The agent/broker who wants to take the time, target the marketing, minimize interference without … More ‘Pocket Listings’ Who loves `em/ who hates `em & why?
Selling a house ? Its about 1 buyer, not ‘# of hits’, ‘not # of showings’. Meet & Discuss Further 35 yrs as a Realtor/ Broker, always as an independent, not a franchise. Why? Those ‘online dating’ sites make you wonder what you are getting. Wow, lots of lookers! Are they potential/ qualified buyers or … More Selling a house? vs. Online dating.
Short sale? – buyers beware!! Meet & Discuss Further <|> Share Your Wish List easy, quick, predictable, a sure possibility of condition of property or title history, etc. NOT In fact, here are some excerpts from a disclosure for buyers. I think it says it best: ‘…. If you will be frustrated beyond the savings … More ‘Short Sale’
What does that tag line ‘Your Bigger Picture’ on our business card mean exactly? It includes taking a larger perspective on your home sale, first home purchase, vacation home or relocation, and your investment rentals & flips. You see, there is indeed a ‘bigger picture’. After this many years in the business I’ve accumulated many … More Your Bigger Picture, and ‘Life Changes’
When is it time to sell? For everyone its different. Frequently we begin to consider relocating when: We become ’empty nesters’ We retire A major change in health of one or more homeowners Loss of spouse New opportunities Really, there is the possibility for great strife in moving, even for young and strong. So much … More Assisting with the sale of an Elderly / Retired Person’s home.
This article is condensed but has some of the basics correct. … More Buying a house site unseen. Would you?
That’s an ‘uuugly house’. It was my 2nd investment & I was a 20 y.o. junior in college. It was also the highest ROI realty investment I ever had! Market Value = house specific, current, based mainly on aesthetic appeal (new kitchen, wonderful yard, location, etc.) Assessed Value = neighborhood average, historical (old), based mainly … More Value: Assessed, Market, ‘Zillow’, Taxable
How she made a Million Dollars recycling homes – 35 years ago! I drove to NJ in the 80’s, studied her techniques, and have shared them with clients for 3 decades. … More When to hold a rental, when to flip a house.
Are we in a bubble market ? Just read from one of my favorite bloggers who boasts: “15 flips currently in progress. 126 flips completed. 15 rentals properties. Follow me to see how I make money in any market cycle.” So here’s the excerpt & my ‘reply’: “…Low-money-down loans have been available for decades, and … More Real estate bubbles, strategies, and the current market
What kind of ROI to expect with your ‘Fixer Upper’ when you use Anibal Affiliates Inc. RealtyNetWorth a Professional Mentor. … More What kind of ‘Fixer Upper’ ROI is possible when we’re your Portfolio Brokerage Mentor?
When/ How/ If: I Should Deed My House to the Kids There can be some benefits, but also drawbacks to both the gift giver and recipient(s). (Speak to your accountant/ lawyer/ lender/ and insurance agent for specific advise – the following is excerpts from counsel received and not to take the place of paid advisers … More Passing Your Home to Your Children.
If you expect real estate should involve ROI, then there’s some basics to the outline. Acquisitions – some we have control, others not – e.g.: inheritance. Holding – short/ long/ entity/ self held/ purchase for child/ etc Approach: add value/ flip/ wholesale/ rent/ vacation/ family lease to/ residence with business inside Most properties will be … More Tax Strategies for Real Estate
According the Detroit News, there is a large inequity from property to property. This is true in most large cities in MI. Further, the local board of review personnel often doesn’t know how to or refuses to assist you, the taxpayer they work for, in the process. The article leaves out important details of interpretation. […]
So much talk of lead in the drinking water in Flint MI these days. Well, I’ve owned 2 homes in Flint. I have the same wisdom for those folks as anyone who buys a home built pre-1986. I recall when I built a home, coincidentally in 1986, that I had to switch from a lead … More Lead water in the pipes – since 1986
Jumping into investment real estate this year ? Good info with a quick easy read, my basic criteria for useful information: Here’s a huge oversimplification of the article links shown below: ROI – your rent should be at least 1% of the purchase & set-up cost of your rental. e.g: You paid $85k to buy … More Rental house ROI & remodeling budgets