When you prepare to sell your personal residence – if you have lived in it for the last two out of five years – there can be a substantial capital gains exclusion. Tax Reform 2018 retained the home sale tax exclusion of $250,000 for single people and $500,000 for married couples filing jointly. This means […]
Removing Private Mortgage Insurance (PMI) from your Mortgage Payment
When you think of “mortgage insurance,” you may think of a type of life insurance that if you die, the mortgage on your house is paid off for the benefit of the survivors. Private Mortgage Insurance, known as PMI, is not that at all. PMI is insurance to protect the lender in the event the […]
What Not to Do Once Your Mortgage Is Approved
Posted by Tom Kalinski Founder RE/MAX of Boulder on Friday, April 13th, 2018 The real estate market in Boulder County is red hot, which makes maintaining your mortgage approval a must if you’re shopping for a home. “It can be a lot of work to get your mortgage approved. Once it is approved, it is important not […]
Part 2 – Purchasing a New Home When You Need to Sell Your Current Home
There are inherent risks when you are selling one house and buying another, and you may have not control. I will outline options of what to do in this situation. Each of the options has pros and cons. Which option you pick depends on equity levels, qualifying ratios, and other considerations’ In my previous article, […]
Purchasing a new home when you need to sell your current home – Part 1
When you are selling one house and buying another, there are inherent risks that you may not be able to control. I will outline seven options of what to do in these situations. Each of the options has pros and cons. Which option you pick depends on equity levels, qualifying ratios, and other considerations. Welcome […]
Gifting a Down Payment and Gift Taxes
Duane Duggan with the Boulder Property Network and RE/MAX of Boulder affiliated attorney, Gina Weinberger, discuss gifting money to help someone with a down payment or purchasing a home. We covered lots of ground in this short podcast! Is there a limit to gifting? What is the lifetime threshold? When is there a tax burden? […]
The Realities of Fix-and-Flips – Part 2
The following article is a summary from the book, “REALTOR for Life”, written by Duane Duggan. Fix and flips are incredibly popular on TV home shows and make these ventures look easy and highly profitable – but are they? In my previous article, “The Realties of Fix-and-Flips – Part 1,” I discussed building a […]
All About 1031 Real Estate Exchanges
When most people hear the words “1031 Exchange” they think it sounds difficult because “who would want to exchange directly with me?” The IRS, in Section 1031 of the tax code, has outlined specific guidelines for creating a 1031 Exchange of real estate. If you are an owner of investment property and want to […]
Coming Soon: 2017 Boulder Valley Fall Real Estate Conference
Join Duane Duggan, Chris Wood (of BizWest), and Jay Kalinski at the 10th Annual Boulder Valley Fall Real Estate Conference on Wednesday, November 29th! Hear all about the upcoming panels available this year. We will also hold it at our new venue, Embassy Suites. Real estate professionals and public both welcome to attend. Licensed agents […]
What is Hard Money Lending for Real Estate?
Hard Money Lending for Real Estate By Duane Duggan, Realtor and Author, RE/MAX of Boulder The following article is a summary from the book, “Realtor for Life,” written by Duane Duggan. When you hear “hard money loans,” you might picture money changing hands in a dark alley and rough collection techniques when the loan comes […]