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94596 : Real Estate Advice

  • All16
  • Local Info1
  • Home Buying8
  • Home Selling2
  • Market Conditions0

Activity 13
Emily Mullins, Real Estate Pro in New York, NY
Tue Apr 26, 2016
Emily Mullins answered:
Hey, Please share some nice and affordable deals.
0 votes 1 answer Share Flag
Bern-fam, Home Buyer in New York, NY
Sun Apr 24, 2016
Bern-fam asked:
What if I want to add values of improvements made since house was built?
0 votes 0 Answers Share Flag
Claudia Mull…, Real Estate Pro in Fremont, CA
Sun Apr 3, 2016
Claudia Muller answered:
Hi Chris,
You can take upto 80% cash out on an owner occupied loan and do whatever you wish with the funds.
You should check with an accountant, but as far as I know, you are not going to be taxed on capitals gains on that money until you sell that property.
The 1031 rules are for homes that you sell and need to reinvest the proceeds.
I might be inclined to save those funds until the market shifts...lets talk!
... more
0 votes 1 answer Share Flag
Richard Litt…, Real Estate Pro in Fountain Valley, CA
Thu Mar 17, 2016
Richard Littlefield answered:
Yes you may, but do it correctly or the government will be showing up in a year wanting back taxes and penalties. I have seen people really get killed on this. There are companies that specialize on 1031 exchanges, they charge a lot, but it is way less than getting it wrong.

It really is not that hard though. You can do it yourself, just read up on and make sure you do it correctly. There are time periods you must meet, paperwork to file and ways to handle the funds.
... more
1 vote 1 answer Share Flag
Becky Johnson…, Real Estate Pro in Canton, MI
Tue Dec 23, 2014
Becky Johnson, ABR, e-Pro, CNE answered:
I Agreed with Anna. BUT The pics start on are MLS and are sent over to TONS of websites. Getting them removed from here is just step 1. Most listing agents wouldn't remove from all because of the contracts the sellers signed to list and it's TOO much time. The original contract was with the seller not buyer and it's advertising SOLD for them. "Pictures speak louder the Words". ... more
1 vote 2 answers Share Flag
Robert Spino…, Real Estate Pro in Mill Valley, CA
Fri Feb 28, 2014
Robert Spinosa answered:
Alex,

Short answer is that 80/15/5, the way you'd want to do it, is not available. Do alternatives exist? Yes.

My best advice is to look at all the options and see how they compare to saving an additional 5% (or obtaining by gift, if possible). If you need help with such research, feel free to get in touch.

Rob Spinosa
rspinosa@rpm-mtg.com
... more
0 votes 4 answers Share Flag
Kevin and Ju…, Real Estate Pro in Wildomar, CA
Wed Oct 9, 2013
Kevin and Julie McLaughlin answered:
Report the agent to their Broker. You can find this info by entering their license number on the BRE website. http://www2.dre.ca.gov/PublicASP/pplinfo.asp
0 votes 10 answers Share Flag
Kris Karagla…, Real Estate Pro in Alameda, CA
Fri May 31, 2013
Kris Karaglanis answered:
Dlrespm@yaho…,  in Danville, CA
Sat May 18, 2013
Dlrespm@yahoo.com answered:
There are many resources available from newspaper to the internet. I know the Walnut Creek to Danville area, I have resided here for over 20 years. I can help you through this process. We do have a property coming soon in Alamo. ... more
0 votes 5 answers Share Flag
The Medford…, Real Estate Pro in Fremont, CA
Thu Oct 18, 2012
The Medford Team answered:
One of the problems we face in Real Estate is the idea that things should be “fair.” Whatever that means. In reality, the world we live in is not fair and real estate isnâ™t either. As an example, I have over a dozen young couples trying to get into their first home – they’ve waited patiently for the market to hit bottom, have worked on getting their credit scores in line, have saved up down payments, are pre-approved (many are FHA) … and then are getting blown out of the water time-after-time in multiple offer situations homes by cash investors who are then offering those very same homes back to the very individuals who wanted to buy them … as rentals. Does that sound fair? Whatever you decide, it’s very, very real.

A seller can choose to sell to whomever they wish for any reason they wish at any time they wish so long as they do not violate fair housing discrimination rules. They can choose the lowest offer, a cash offer, an offer that closes in 3 months, an AS-IS offer, their friends offer … and so on – and they don’t even have to explain to you why they chose the deal they did. Doesn’t feel fair? It’s because it’s not.

It never was and never will be. As for legal? Totally.
... more
0 votes 7 answers Share Flag
Deborah Garv…, Real Estate Pro in San Diego, CA
Tue Jan 10, 2012
Deborah Garvin answered:
Tim, And, I would encourage you to contact Jayne for any future financing needs. Obviously, she not only knows her "stuff", but is ethically bound to doing it right...every time. There are many times over the past few years that I have not always been "proud" of the mortgage industry. However, I know there are many, many mortgage professionals who are ethically committed to serving our clients with respect and honesty. I just wish more people would reward the talents like Jayne (and several others here on trulia) instead of shopping for the lowest possible rate. An 1/8 point saved is often the beginning of a nightmare such as you have endured. Best to you! ... more
0 votes 8 answers Share Flag
Gilbert Rich…,  in Santa Clara County, CA
Fri Feb 26, 2010
Gilbert Richards answered:
Yes but you need to make sure that the bank allows non-arms length transactions. Some do, but a lot of lenders have backed off due to the risk.
0 votes 13 answers Share Flag
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