Brokers Blog

Do I Owe Income Taxes When I Sell a Rental Property?

The answer is MAYBE. When a property owner sells a real estate investment, typically, income taxes are due. There are two exceptions. 1) If you lived in the rental house for two out of the last five years, you might not owe income taxes.  2) If you're doing a 1031 exchang...

What is a Reverse Mortgage?

Reverse Mortgages have gotten a bad rap but can be very useful in certain circumstances. They give a homeowner the ability to stay in their current home and get the equity out in monthly payments or a lump sum. This loan has NO PAYMENTS. The loan is based on age & the amou...

Does the Real Estate Agent You Hire Matter?

Are all agents alike? There are many reasons to hire an agent with experience. You put a lot of money, time, and energy into buying or selling a house. Why not use an agent who might help you get more money, save you time, and keep you out of court? Today I worked with an agent...