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"My house sold in 1 day"
My past experience with a realtor was exhausting. I didn’t want to make that mistake again and asked Geni some very pointed questions. Not only did she understand, but she was more than happy to answer every question. As soon as she and her team are engaged, your property is on the market with prospective buyers following soon after (my house sold in 1 day). She is a “closer” so if you aren’t ready to move, you better be ready fast. She gets an A++ in all categories of selling a house!
Cheryl Young, Real Estate Investor
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Investment Real Estate >Investment Property Exchanges
When you buy an investment property, there are two important financial goals to consider. You will want a property capable of producing rental income. When you sell, you hope that the property will have appreciated enough that you will earn a good profit on your investment. If your property has enjoyed a healthy appreciation, you may need to do some careful planning to avoid paying out most of your profits in the form of capital gains taxes.
When selling your primary residence, you may be able to defer your capital gains taxes when you buy your next home. This does not apply, however, to investment property. If you sell one property then purchase another, the taxes will be due for the year the sale occurred. On the other hand, if you arrange to trade one property for another, you may be able to defer the capital gains tax.
It is not as complicated as it sounds! Many real estate agents and attorneys specialize in helping their clients put these kind of transactions together. You don't have to trade buildings with the people buying your property. The property you trade may belong to a third party, and your buyers need only cooperate with the closing attorney to make the transaction work.
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What is encroachment, and how might it affect a property owner?
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| A |
Encroachment, refers to the unauthorized intrusion of a building or improvement onto another person's property; it often requires a surveyor's report to support the claim. |
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