The replacement property must be similar to or have greater value than the one you sold. A 1031 exchange is an Internal Revenue Code tax that allows a taxpayer to defer the capital gains taxes associated with selling one investment property by reinvesting in another. A 1031 exchange can be...

Hi @Melissa, I would love to share my recommendation with you, but it's only available near the Boston area. https://touchstoneclosing.com/

I have had to "rehab" a home that was previously owned by an extreme hoarder on many occasions, and it's difficult because the cleanup always involves hoarding-specific professionals who are educated in how best to handle all types of materials. Sometimes they will want to take some of these...

Before you start looking for a home, it would be smart to learn everything you can about your financial situation and goals. Decide what type of mortgage is best for you and what the loan will cost on a monthly basis. Find out how much of a down payment (or cash) you'll need as well as determine...

It depends on the type of loan, the amount you owe, and your credit score. FHA loans are for low-to-moderate income borrowers who have very low-down payments. They are popular among first time home buyers because they offer lower mortgage insurance rates than other conventional loans, making...

Buying a house can be one of the most meaningful steps in your life. The first step is to consider the type of house you want, depending on your lifestyle and what's important to you. Many people do not realize that there are different types of loans for home mortgages available out there. Here...

Find a motivated seller! The best way to find motivated sellers is through networking, the more people you know, the more likely it is that you will be able to find a motivated seller. Send them a letter. It's time to start writing letters. You can approach the seller directly (either on the...

Check out this YouTube video.

Hello, Flood/Earthquake Coverage - This type of coverage is pretty essential if you live in an area known for earthquakes and/or floods (which are usually on a 30-year cycle). If a major earthquake were to occur at one of your properties, then this type of policy will cover any structural...

Hello, There are many types of insurance policies that real estate investors utilize. There are some that you may not be aware of or may even know exist, and it is important to be familiar with the different types so you can determine which ones you might need. The main types of policies...

Many credit cards offer cashback rewards on purchases, but only if you use the card to buy particular items or services. The most common include gas, groceries, and travel expenses such as airfare. These reward rates vary by card, so be sure to check the terms of any offers before deciding which...

The biggest "reason" I've seen is because one's credit utilization ratio increased due to the addition of a new credit card or something like that. But again, this has always been an increase in the usage of existing cards. But here are some cases where a score dropped without a change in fiscal...

Where do you live? There are only a few states that actually offer loan forgiveness. In my state, the non-profit sector is very strong (in fact, it's growing stronger every year)

You're right. Credit is confusing, the short answer is that it depends on what you're trying to accomplish, but in general spending cash purchases instead of using credit cards will help your score go up.

I believe that's the basic idea. If you use your credit card responsibly (make payments on time, keep balances low), then your company should report this to the credit bureaus. Over time, this activity helps build or improve your credit score.

The first step is to stop spending. At least try to cut back as much as possible until you can get all of your bills caught up. The problem is usually that people don't do this and have no discipline to cut back on spending.

To become a real estate agent, you must meet state education and experience requirements; some states also require a written or oral exam. Many states offer Real Estate Schools online if you are looking for a convenient way to learn what you need. Each state sets its continuing education...

Biden’s Student Loan Forgiveness Could Wipe Out Debt for 15 Million Borrowers

As the world experiences a pandemic of debt, America is experiencing the consequences of it. The financial crisis has put most people in a terrible situation because they have been unable to sustain themselves. They have no choice but to use credit cards and do not want to create any more debt...

Nothing, actually. You will be rejected for everything you apply for. From the moment a card is issued, it is shared with the world. Company A knows Company B knows Company C knows that you have a bad credit history; you have been turned down everywhere else.