Qualified Intermediary Megan Destito is our special guest today to walk us through the details about Investment Property and 1031 Exchange, you are about to know the rules in a more comprehensive way and find out about Title Vesting pitfalls, this is one hot topic that you can’t miss! In this episode, we discuss…   0:00 Intro 1:04 What is 1031 Exchange? 2:23 What type of Properties Qualify? 4:53 How much time is needed to qualify? 6:15 What are the steps to follow? 9:59 How the Intermediary handles a 1301? 11:57 Consulting and Planning Tips 12:54 What areas do you cover? 13:32 How you bec ..read more

Controlling your time as an independent real estate professional can be challenging. However, Cal Newport, a well-known author and speaker, states: “If you treat your attention with respect, then when it comes time to work, you can concentrate on one thing at a time with intensity. And intensity can be traded for time.” To achieve this intensity, using the technique of “time blocking” can be helpful. Here are eight tips for controlling your life with calendar time blocking: Conduct a full schedule audit at the end of every quarter. Decide when you are not working. Start and end your day in th ..read more

The Real Estate Market is constantly changing, and we expect to see a big trend this 2023: Baby Boomers downsizing and moving from big cities to new communities. More and more baby boomers are looking for new areas for quieter living. This blog post will discuss why baby boomers are moving from the big cities and what this means for the real estate market. Stay tuned! Baby Boomers Are Retiring From Their Jobs and Want to Simplify Their Lives According to The California Economic Forecast, Baby Boomers are retiring in drove. In 2020, this trend grew even more. By 2023 and 2024, the largest waves ..read more

When it comes to starting a geographic farm, there are many things to consider. One of the most important factors is choosing the right place to do business. This can be tricky, as there are many different factors to take into account. In this blog post, we will discuss some of the most important considerations when choosing a neighborhood for your farm.     View this post on Instagram   A post shared by 805Title (@805title)   Three Things to Consider to Choose the Right Place to Start Your Real Estate Geographic Farm First, consider if you like the community. Do you fe ..read more

You may not be aware of this, but there is a concept in real estate marketing called “Geographic Farming”. This approach helps you stand up and ultimately work with more customers. In today’s blog, I’m going to share with you a few tips about how this works and how you can use it to start building your business in real estate. What Is Geographic Farming for Real Estate? “Farming” is a real estate marketing strategy that involves finding a specific area and marketing to the people who live there. Your goal might be to get listings, but you can also use this strategy to work with buyers or to br ..read more

When a loved one passes away, feeling lost and confused is normal. This can be difficult for family members, but it doesn’t have to be that way. The following are some important steps that need to be done if they owned property in the State of California. About the assessor’s notification The County Assessor must be notified of a property owner’s death by filing a Change in Ownership – Death of a Real Property Owner form, which must be filed within 150 days of the date of death, or if the estate is probated – at the time the inventory and appraisal is filed. Failure to notify the Assessor may ..read more

There’s no denying that geographic farming is an incredibly powerful tool for growing and maintaining a successful real estate business. By helping you identify opportunities, establish your brand, and work with more customers, it can give you a huge leg up on the competition. But if you really want to stand out from the pack, you need to be constantly innovating and taking advantage of new tools and strategies. So if you’re feeling inspired and ready to take your geographic farming to the next level, we want to introduce you to Homebot.     View this post on Instagram   A po ..read more

If you put off your home search at any point over the past two years, you may want to consider picking it back up based on today’s housing market conditions. Recent data shows the supply of homes for sale is increasing, giving buyers like you additional options. But it’s important to keep in mind that while inventory is improving, it’s still a sellers’ market. And that means you need to be prepared as you set out on your home search. Here are three tips for buying the home of your dreams today. 1. Understand How Mortgage Rates Impact Your Homebuying Power Mortgage rates have increased signific ..read more

Whether or not you owned a home in 2008, you likely remember the housing crash that took place back then. And news about an economic slowdown happening today may bring all those concerns back to the surface. While those feelings are understandable, data can help reassure you the situation today is nothing like it was in 2008. One of the key reasons why the market won’t crash this time is the current under-supply of inventory. Housing supply comes from three key places: Current homeowners putting their homes up for sale Newly built homes coming onto the market Distressed properties (short sale ..read more