property
How To Buy Earthquake Insurance
Q: Who sells earthquake insurance? I have insurance through a national insurance carrier but they no longer carry it as an extra option. Can you get earthquake insurance from a central location and still keep my current insurance carrier? A: …
Buy First or Sell First?
Q: I’m in the process of getting my primary house ready to sell in order to downsize. Its value is around $400,000. I owe about $150,000 on it and have no other debts. I won’t be finished with prepping my …
Increase Property Value With Neighborhood and Community Efforts
Q: I have worked on helping my community in the past on the issue of blight as an involved resident. I have brought to my association’s board articles that state that liens can be placed on properties to enforce our …
Neighbor Law: Fence Matters Indicate Wrong Property Line
Q: We found out that the property line between my home and my neighbors’ home is different from what the builder said when he sold us our home. Our neighbor had a survey done to put up a fence. During …
Refinancing A Home Equity Loan In Texas
Q: We refinanced and took money out of our home in 2005 with a Texas home equity loan at 7.5 percent. Whenever I ask about refinancing with any one of numerous mortgage companies, I am told that any refinance would …
How To Advertise Your Vacant Lot For Sale
Q: Several years ago my husband and I purchased a vacant lot for $11,000 in a lake/golf community more for investment than planning to build. We’re recently “retired” due to job cuts and not because it was our choice. We …
How To Sell Your House Fast In A Slow Market
Our neighbors recently put their home on the market. They received an excellent offer within 24 hours of listing the property and got more money for their home than I thought they could. Meanwhile, two other neighbors have had their …
Tax Implications Of Selling Rental Property
Q: My sister owns a rental property in California that had approximately $200,000 in equity. She owes $200,000 on the mortgage. This property is now valued only at about $250,000. She also has a mortgage on her primary residence nearby. …
Consolidated Tax Bill Can Cause Mistakes On Sale Of Property
Q: I have been caught up in a real estate nightmare. I purchased a single family home earlier this year. Last month I discovered that I was conveyed two lots instead of one. I talked to people at the tax …
1031 Exchanges For Real Estate Investment LLC
Q: Does doing a 1031 exchange inside an LLC come with any additional headaches? A: A 1031 exchange is term used to describe the sale and purchase of real estate that defers the payment of any federal income taxes. If …
