All Forum Posts by: Kenneth Donaghy

I'm following, I grew up in Fresno, family still live there. Considering investing there.

Interesting opportunity, it could chance the evaluation if its in Pinedale. Yet that could also make it in an Opportunity Zone. 

Really? 

@Shamar Seaforth I have a few local options you can look into. Send me a DM if you are interested. Best

@Lisa Hill, looks like you have a lot of options. If you do sell, rather than cash-out-refi, Be sure to look into tax deferred 1031 exchange. There are strict timeframes you must obey, so it's better to know your strategy first.  If you lived in the property 2 of the last 5 years, you will also may not have to pay capital gains tax up to 500k when married.

If you want to get the most value for you home, I would stay away from flat rate and discount brokers. There is less incentive to bring value to help you reach your goals. A reputable Realtor will negotiate better on your behalf, help set realistic expectations, create better exposure, allowing for a smoother transaction, most likely creating more value than you would've saved going with a flat rate or discounted broker.  I'm happy to refer you great candidates. 

@Trevor J. with the amount of detail you have given to this process, you will be a true expert by the time we close! 

@Jesus Verdugo I am assuming this is a rental property, since you have not lived in it 2 of the last 5 years? Therefore, you should look into a 1031 tax deferred exchange.  

@Ryan Knapp

Try not to confuse List Price with Sales Price.

The Value of the Property is the amount someone will pay for it, based on the Market. Which equals Sales Price

List Price is use to market the property to the most potential buyers, and get the highest value possible for the property.  

When I see @Dan H. mention compromise, the Realtor in me hears Expectations.  

One can control and adjust their expectations, whereas they have no control of the Market.

Great time to refi those loans. Great equity. Boise is a hot market, huge population increase. Lot's people moving to Idaho, especially from California. I know investors and realtors there. Lots of opportunity.  

Welcome to the Forums! 

@Dayne Delano regarding Tax Liabilities its best to consult a CPA and @Katie L. has the best local recommendations for CPAs. 

I do know there are tax incentives if you have lived in the property 2 of the last 5 before the sale of the property. 

Again, a good CPA is whom you should speak with.