What do you know about property wholesalers in the northern Nevada region? In simplest terms, the wholesale price is the amount a business has paid for a good in expectations of resale at a higher price to a consumer, known as retail cost. As a reasonably low-risk income-producing activity for real estate investors, wholesalers are buying the contract on a property in expectation of assigning the contract for a fee to an interested buyer. Thereby, wholesale investors turn a quick profit on a property without taking full ownership or lifting a hammer or paintbrush. Sound too good to be true? H ..read more

Time is always moving, and while you are waiting to invest, others are investing and waiting for their increased monthly income. As a bonus, real estate investors build their long-term passive income and look forward to their increased revenue during retirement while creating a legacy for their loved ones. Because every investment carries some risk, trusted resources will advise you to diversify your portfolio. Real estate offers a myriad of investment opportunities for every level of investor, from single homes to large complexes.  No matter where you are in life, there is likely a path ..read more

Flipping houses can cost money. Here are 4 top financing options for flipping houses to help you get started. Use one, some, or all of these financing options to acquire all the investment properties you want to flip! If you’re thinking about investing in real estate, you have several options… you can rent, rent-to-own, wholesale, flip, and many other options as well! If you’re thinking about flipping, you’re probably looking to acquire an investment property and then fix it up to sell at a higher price. If so, here are 4 top financing options for flipping houses… Flipping Finance Op ..read more

Are you an estate representative who needs to liquidate an estate and wonder how to have an estate sale? While it is typically held after a loved one has passed, estate sales may be helpful when going through a divorce, probate, or other personal transition which requires the disposal of a household full of items. Going through all of the possessions that remain is difficult, especially after a loved one has passed. Be careful to find and set aside important documents, deeds, titles, bank statements, or other financial documents required for the income tax return.  Valuable things may be ..read more

Are you like some people that just finished watching any one of those HGTV shows about flipping houses and now you are thinking you would like to get into real estate by flipping houses? If so, then you will want to make sure you read this blog post to discover the most expensive blunders that house flippers tend to make… here are 4 mistakes investors make when house flipping in Northern Nevada… As you may know, flipping real estate can be highly lucrative… if it is done right. However, if you don’t do it right then it could end costing you a lot of money, time, and frustration. No need t ..read more

If your goal is buying a house in the Reno area, you know that negotiating is an inevitable part of the process. Some people are just born negotiators: they are naturally good at it, and even enjoy it. But most of us simply aren’t put together that way. Still, almost anyone, with some knowledge and the right techniques, can be a good negotiator when trying to buy a house. And even the experienced hands can always use another negotiating weapon or two in their arsenal. Here are… 4 Tips For Better Negotiating When Buying a House 1. Don’t Be Early – Just Wait The idea here is to approach sellers ..read more

Buying a house can be a whirlwind of emotions. It’s easy to get caught up in the excitement and overwhelmed with the scale of the purchase all at the same time. Stay focused to prevent making mistakes when buying a house in Reno, Nevada or the surrounding areas. It will save you a lot of emotional energy and ensure you don’t kill the deal to your dream home. Don’t Make These 5 Common Mistakes When Buying a House in Reno, NV 1. Not Knowing Credit Issues Before you start the home shopping process, speak with a lender and take a real look at your credit report. The credit report is more than jus ..read more

If you’re thinking about selling your home and trying to decide if you should sell now or later, then this video is right for you because it reveals 4 reasons to sell your home in the spring in Northern Nevada – you might be surprised! “Should I sell now?” “Should I sell later?” “What is the best season to sell my house in?” If you own a property and are thinking about selling then you might seriously want to consider selling in the spring. Reason #1 More Buyers The first reason is that this is often a time when buyers are looking to buy. You see, during the winter people spend a lot of time ..read more

Are you ready to broaden your real estate horizons? Why not reach out to new markets to further diversify your investment portfolio? The real estate market no longer knows any boundaries by advances in marketing through digital photography, drones, and internet technology. These days, investment buyers can now search through online sites for listings, with the ability to scroll through hundreds of listings in the time it would have taken to travel to the airport. Using technology to their advantage instead of spending valuable time traveling or covering the expenses of a visit to a new l ..read more

The Stepped-Up Basis is used when a loved one passes away and wills the property to you and you take that inherited property and sell it to someone else. At that time, you will be required to pay capital gains taxes on the property (http://bit.ly/3qSSfwK) not on the full sales amount, but at the “stepped-up basis”. See the details below: Current Policy Inherited House at Current Value – $200,000 Sells for $205,000 Taxable income = $5000 Taxes Due – 20% of $5000 = $1000 Profit to you = $204,000 Biden Policy Inherited House at original purchase price – $40,000 Sells for $205,000 Taxable income ..read more