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What is a 1031 exchange?

In this video, Peter Lorimer of PLG Estates explains what a 1031 exchange is in real estate; 1031 refers to tax code. It means you can sell a property and not have to pay as much in taxes. Backing up, there are some tax benefits to real estate. For example, if you are a married couple in […]

Crazy Sh*t In Real Estate Episode 25: The case of the 40-plus showings

Reposted with permission — show notes and credits available here. If a property goes into the 40-plus showing mark, and it hasn’t sold — well, there’s probably something that isn’t right. Listen to this episode’s guest, Bunni Longwell, as she talks about her experience with such a dilemma and how she had to get it […]

When ‘love’ letters to the seller make (or break) a real estate deal

Kathleen Wilkin’s homeseller accepted the lowest of three offers. In a letter, the buyer who captured her client’s attention wrote of the need to move into a better school district to provide assistance for a special needs child. “The seller had also raised a special needs child, and wanted those buyers to have her home,” […]

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