A 1031 Exchange is a tax-deferred real estate transaction that “swaps” one investment property with another investment property under very strict IRS rules for the timeline and deadlines that structure the transaction. Recently, stay-at-home orders suspended in-person showings of properties, making it tough to identify a replacement property in a timely manner. This adds pressure […]
Interest Rates Are At a Three-Year Low. Should I Refinance?
It’s time to consider refinancing your mortgage again! According to Freddie Mac, the average interest rate on a 30-year mortgage on February 6, 2020 was 3.45%. The last time rates were in this category was on July 7, 2016 when Freddie Mac reported an average interest rate of 3.41%. Rates this low don’t tend to […]
Why Invest in Real Estate?
Most people consider their single-family home they live in as an investment in real estate. In fact, when they fill out a financial statement, it is even listed as an asset. It’s true that the home will likely go up in value over the years, and as the loan is paid off, it could represent […]
Have you done your annual real estate checkup?
Just like your annual physical to keep yourself healthy, it is always a good idea to complete an annual real estate checkup for your financial well being. Just like your annual physical to keep yourself healthy, it is always a good idea to complete an annual real estate checkup for your financial well being. December […]
Buy Your Retirement Home Now, Even If You’re Not Ready to Retire
Have you considered where you will live when you retire? Would it be in Colorado or elsewhere, and what would the home look like? The sooner you think about this and take action the better. The earlier in your life you start saving, the more time there is to grow your retirement nest egg. In […]