…like toilet paper in Trader Joe’s (nearly a year ago) and interest rates have dropped a lot.
I’ve had some conversations with some folks over the last 2 months. Sometimes they’re local, and they own property out of town and/or they’re thinking of buying further north, or selling/buying land out-of-state. Another friend is no longer ‘local’ but she’ has raw land in AZ. She now lives in a different state. She called me about her situation.
IF you are thinking about making a real estate decision (buy, sell, rent, lease), etc. please be sure you don’t sign anything that may commit you to something you may not understand.
I took 5 commercial classes (decades ago) over the course of 2 years, all out of the area and some were out of state. Because I didn’t have the body of commercial sales/work in my portfolio, I wasn’t able to get the designation….CCIM (Certifed Commercial Investment Member). Another agent and I wanted to have the same knowledge that these folks (mostly men) had.
One of the best things l learned in those classes was about IRC 1031 Exchanges (and 1031 Reverse Exchanges).
I do not give legal/tax advice…and encourage folks to find an advisor that knows about exchanges and reverse exchanges. I
f this description fits you or a friend, I may be able to refer you to one or more of the agents that have this designation. But when in doubt…go to your account/tax advisor and ask the simple question – ‘What is a 1031 Tax Deferred Exchange?” If you don’t get a logical answer, spoken in plain English, you may want to keep looking for better advice.
ALAMEDA REAL ESTATE THIS WEEK!
AC (active contingent on selling another property)
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