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Selling a rental property is more complicated than selling your personal home. ... We have no interest in buying another investment property using a 1031 exchange. ... Studio City, CA 91604, or by ...
A real estate license must be obtained from the DRE in order to engage in the real estate business and to act in the capacity of a real estate broker or salesperson within the State of California. Before applying for a license, all education and experience requirements mandated by the Department must be fulfilled. [ 5 ]
Exclusive right to sell: The seller must pay the brokerage a commission if, by the expiration date in the listing contract, the real estate is sold, regardless of whether the buyer is obtained through the agency or not. Even if the seller finds the buyer him/herself, a commission is still owed to the brokerage.
Assuming you are using a real estate agent and not pursuing a “for sale by owner” transaction, your agent will earn a commission on the sale. This will typically come to somewhere between 2.5 ...
Buy, rehab, rent, refinance (BRRR) [13] is a real estate investment strategy, used by real estate investors who have experience renovating or rehabbing properties to "flip" houses. [14] BRRR is different from "flipping" houses. Flipping houses implies buying a property and quickly selling it for a profit, with or without repairs.
Say you’re spending $400 on interest each month but your rental income (after all other expenses are taken out) is only $500. ... $100 per month in free cash flow,” said Holden Andrews, a real ...
For real property exchanges under Section 1031, any property that is considered "real property" under the law of the state where the property is located will be considered "like-kind" so long as both the old and the new property are held by the owner for investment, or for active use in a trade or business, or for the production of income.
Even in a seller’s market, where inventory is scarce and bidding wars are common, it still pays to invest some time and energy in positioning your home to sell for top dollar. This can involve a ...