Real Estate investors interested in selling their properties should consider a 1031 exchange in order to roll over their capital gains from their investment. Here are some tips on getting started on a 1031 exchange : 1) Select Your Professionals: Choose an attorney or accountant who has experience dealing with exchanges specifically – not just […]
1031 Exchange- what is it and what is its purpose? If you own investment property and are thinking about selling it and buying another property, you should know about the 1031 tax-deferred exchange. This is a procedure that allows the owner of investment property to sell it and buy like-kind property while deferring capital […]
Important Skills Needed to Succeed in Real Estate Investing Real estate investing is a great way to build long-term wealth and generate passive income. It has become increasingly popular in recent years, as many investors have seen the potential for consistent returns without having to actively manage their investments. With a little hard work […]
Using your VA Loan… There is no limit to how many times you can use your VA loan as long as you still have entitlement available. If you sell a property with a VA loan on it, you can restore your entitlement so you have full entitlement available for your next purchase. If you are […]
Yes you can, but the veteran/borrower must occupy one unit as his/her residence. The borrower will also need 6 months of the mortgage payments (PITI) set aside in an account as reserves, and documentation of the borrower’s prior experience managing rental units and/or use of a property management company to oversee the property. The reserves […]
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