Private appraisals verses bank appraisal?

Often sellers may get an appraisal done prior to listing their home for sale which may come in higher than what a lender ‘s appraisal does. WHY DO YOU ASK? Private appraisals do not have to meet any lending guidelines, unless the person contracting for the...

Four Requirements for a Room to Be a Bedroom

Here are a few simplified takeaways Entrance/Exit: A bedroom needs to have a door to the main house and a window to the outside. Ceiling Height: At least 50% of the ceiling needs to be 7 feet high. Hence, a sloping attic ceiling is “OK” in most cases. Size: A bedroom...

Capital Gains Tax Rates

The familiar adage, “It’s not how much you make, but how much you keep” rings truer than ever for taxpayers who are real estate investors facing today’s high tax rates. Fortunately, IRC Section 1031, a provision in the tax code since 1921, provides critically needed...