What is the best number of units for an investment property?
Friday, 11 January 2019
Question: “I want to start investing in real estate and I was talking with a real estate agent about buying 4 to 6 apartment units. She told me it’s better to buy 4 units, but when I asked her why, she didn’t really know. Do you?” Answer: I don’t know that it’s better to buy
- Published in Q&A - Home Investing Questions
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How to sell a property without disturbing the tenants
Friday, 04 January 2019
Question: “How do I sell a property without disturbing the tenants currently living in it?” Answer: If you’re selling a small or large apartment building, often it’s marketed as, “Show with offer.” So the investor makes an offer, a showing is arranged with the tenants, and then the buyer decides if they still want it
- Published in Q&A - Home Investing Questions
Why you should choose a home price that is easy to remember
Friday, 04 January 2019
Question: “We’re thinking of pricing our home at value range $794,325 to $823,450. Do you think that’s a good range?” Answer: Sorry, but I don’t. I want you to do something. Tell that price to a friend of yours, then ask them to repeat it back to you. Odds are, they can’t. Why? Our brains
- Published in Q&A - Home Selling Questions
Getting Stepped-Up Basis in Your San Diego Home
Friday, 07 August 2015
Question: “My wife inherited a home six months ago and moved in. We don’t really like the neighborhood and would love to sell and move now. But her dad paid next to nothing for the house, so we have to wait until we’ve been here two years or we’ll pay taxes on the sale, correct?”
- Published in Q&A - Home Investing Questions
Leave Buyers Alone When Showing Your San Diego Home
Thursday, 06 August 2015
Question: “I’ve heard that when your home is for sale, you should leave when buyers see it. But I want to be there so I know what people think and make sure the agent tells them what they should know about my home. What do you think?” Answer: You sound like what agents call “the
- Published in Q&A - Home Selling Questions
Can You Borrow Money for a Home Down Payment?
Friday, 31 July 2015
Question: “Can you borrow the money for the down payment on a home?” Answer: It depends how and when you borrow the money. Generally, banks only want you to borrow from a secured asset: HELOC, car loan, savings account loan, 401-k loan, etc. They don’t like personal loans that are not secured by an asset
- Published in Q&A - Home Financing Questions
Costs of Selling Your San Diego Home
Thursday, 30 July 2015
Question: “Hi Gary. We own a home in Pacific Beach that we’ll be calling you to sell in a couple of months. But for now we just want to find out the selling costs so we can do some planning. Can you help us with this?” Answer: To be fairly safe, you can typically figure
- Published in Q&A - Home Selling Questions