Let’s start with the top 5 things you ought to be demanding from your lender when you buy a home. Yeah! You know what’s interesting is most people don’t do every day so they don’t know what they don’t know. Clueless. And you know, we have plenty of experience cause we’re closing plenty of deals every single month. And we’ve had enough things go wrong to know exactly what we think a buyer should ex…
What Are Typical Closing Costs for Buyers
How much money should a buy have saved up to purchase a home?
There are down payment assistance programs where a buyer can get a grant for their down payment and purchase with only $1000 out of pocket. However, they will still need about $300 for an inspection.
For most buyers they will need the following:
Earnest Money Depo…
How Much Will I Pay In Taxes When I Sell My Rental Property?
The number 1 question we get from people selling a rental property is how much am I going to have to pay in taxes when I sell it? And the answer could range from zero to some money.
So normally, if you’ve lived in the home for 2 of the last 5 years, you may not have to pay any taxes when you sell the home as a married couple, you can be exempt from $500,000 of profit on a rental property. And as a single person, you could be exempt from $250,000 of profit on a rental property. But if you have not lived