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real estate professional tax status

What is a real estate professional for tax purposes?

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The importance of determining whether a taxpayer involved in real estate activities is a real estate professional must be clarified. This blog post will help you understand the basic rules for real estate professionals. What is a Real Estate Professional? It’s easy to get confused about what a real estate professional is. After all, it’s … Continued
Cash Buyers vs Mortgage Buyers

Cash Buyers vs Mortgage Buyers: What’s The Difference?

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Are you wondering, “Should I buy a property outright or take out a mortgage on it? Which will give me the best income on my investment?” That is the most important question when entering the real estate investment market. This blog post will explain the difference between Cash Buyers vs Mortgage Buyers and how they … Continued
buyers agent investment property

How To Choose A Buyers Agent for Investment Property

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​​ Whether you are looking for a home or simply an investment property to invest in, buying property is undoubtedly the most crucial decision of your life. Hiring a buyers agent is the sensible solution to start your property investment journey. In this blog post, we will guide you through the step-by-step process that can … Continued
Selling house below market value

Can I sell my house to a family member below market value?

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There are many reasons why someone will consider selling house below market value – but this kind of act can cost you a hefty tax bill if you don’t take the appropriate steps. This blog post will discuss the pros and cons of selling your house to a family member below the market price. Selling … Continued
Is a landlord a real estate professional

Is a landlord a real estate professional?

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Whether a landlord is considered a real estate professional is complex. On one hand, they are responsible for managing and maintaining rental properties, which may require knowledge and skills in real estate. Therefore, it is essential to carefully evaluate each case before determining if a landlord falls under the category of being a true real … Continued

How to Choose the Right Commercial Property Buyers Agent

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In the competitive world of commercial real estate, finding the perfect property to meet your investment needs can be a daunting task. With numerous listings, complex negotiations, and intricate market dynamics, it’s essential to have an expert on your side. This is where commercial property buyers agents step in. In this article, we will explore … Continued
Cash To Close vs Closing Costs

Cash To Close vs Closing Costs: What’s The Difference?

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Buying a house is exciting, especially if it’s your first home. Over the last few months in your home-buying process, you’ll have encountered several unfamiliar terms, such as cash to close vs closing costs, down payment, preapproval, principle, property tax, and many more. This blog discusses all the differences in the costs you will deal … Continued
What If I Can’t Afford Closing Costs

What If I Can’t Afford Closing Costs?

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Buying a home is generally time-consuming, but in today’s housing market, it’s more complex than usual. What if I can’t afford closing costs? Closing costs can strain homebuyers’ budgets considerably, especially when they’re already dealing with other significant expenses.   Understanding their options is critical for those who don’t have the cash to cover these fees … Continued
Virginia squatters rights

What are Virginia squatters rights?

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Having a squatter on your unoccupied land can be a significant inconvenience, especially when you aim to preserve the property’s quality for eventual use. It’s important for landowners to note that in Virginia, the concept of squatters rights exists. This means squatters can acquire certain legal rights over a property if they successfully meet the … Continued
Court Ordered Sale Of House In Divorce

What Does The Court Ordered Sale Of House In Divorce?

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Many people fear they’ll be forced to give up their beloved home during a divorce. The home is where the heart is, after all. It’s also the most valuable asset most people own. If a judge can court ordered sale of house in divorce, you may not just lose your beloved home but also wind … Continued

Are There Closing Costs On A Cash Sale?

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There are many benefits to purchasing a home with cash as opposed to taking on a mortgage. Paying cash means you won’t have to pay interest on a loan.  However, people worry that paying in cash means they’ll have to find extra money for the closing costs.  Cash home buyers in Virginia may wonder what fees the … Continued

6 Steps of Buying House From Parents

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Buying house from parents is similar to a traditional real estate transaction, but it becomes more complicated when family relationships are combined with money matters. These six stages are your guide to navigating the particular problems with grace, avoiding conflict and ensuring a fair and peaceful experience for you and your family as a whole.  … Continued
Closing Costs on Cash Purchase

How to Minimize Closing Costs on Cash Purchase of a Property

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Buying a home is expensive, but having enough cash to make the purchase a reality can often seem impossible, and contemplating a home purchase? You’ve probably heard about closing costs on cash purchase. We assume you’ll want to keep those as low as possible, right? Right. Closing costs can come in at up to 5% … Continued
buying a house with cash

Buying a House with Cash: Key Considerations and Benefits

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Buying a house with cash offers numerous advantages, providing unique benefits for homebuyers. While we typically don’t imagine people walking around with suitcases full of money, you can buy a home with hard cash, whether paying for the house outright or building it.  Let’s assume you can buy a home with cash. But should you? … Continued