5 Things to Avoid When Buying Investment Property
When buying an investment property you want to make sure that you are making the most lucrative decision possible. Below are five common mistakes that you should avoid. Mistake #1: Avoid areas that are heavily congested with apartment buildings since that makes the...
How a 1031 Exchange Can Lead to a Greater Cash Flow
How a 1031 Can Lead to Greater Cash Flow A 1031 is the part of the IRS code that allows you to “swap” one income producing property for another, and defer the capital gains tax. For example: Let’s say that you are using your first home as income property. Although...
What Do I Pay On a “No Cost” Loan?
In addition to the purchase price of the home, there are other fees associated the home buying process such as escrow fees, appraisal fees, notary fees and more. Typically, a no-cost loan is used when you’re refinancing, but it can also be used for...
Ask Athena: “What is a Short Sale or Short Pay?’
A short sale or short pay is when the seller asks their current mortgage holder(s) to take less than what they owe as payment in order to sell their property. For example, the seller may have bought a home in 2007 for $500,000, put 5% down, and now has a loan of about...