HomeLight
JUNE 23, 2023
But when you think about probate, remember the whole point of it is to prevent fraud after someone dies. So you can bet the court will keep a close eye on what’s usually an estate’s largest asset: the house. What happens to the house when it enters probate? Let’s walk through a few common scenarios for a house in probate.
Realty Biz
OCTOBER 11, 2021
There may still be a mortgage needing to be paid. And, if the five heirs are looking to net about $200,000 each from the total estate, the heirs may be highly likely to say , “The heck with $10,000… close the estate and give me my $200K!” There are many ways that investors can generate leads for probate property.
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Norada Real Estate
JANUARY 27, 2023
Buying a newly constructed home may also provide tax advantages, such as a reduced property tax rate for the first year and the option to claim mortgage interest and property tax deductions. This is sometimes negotiable and is a major advantage for investors who prefer to minimize their out-of-pocket cash until the actual closing date.
The Close
FEBRUARY 5, 2024
I’ve turned rentals in lean months, and I’ve seen agents pivot to becoming mortgage brokers as well. Try drilling down into a profitable niche in real estate , like vacation rentals or probate sales. The post How to Grow Your Real Estate Business: 11 Tips + 1 to Avoid appeared first on The Close.
The Close
NOVEMBER 8, 2023
And with mortgage rates currently sitting around 8%, this puts homeownership on ice for many. When I was an agent in New York City, I made $1,500 to $3,000 per closed rental transaction. Agents who worked high-end exclusive rental listings sometimes collected five-figure commission checks from one closed rental deal.
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