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About a vacant property in the community. we'll follow marshall's story and update you when there's a resolution. most people, though, are on the other side trying to decide if they should buy in an hoa neighborhood. here's what you need to do. request all relevant information to review and know the rules before you buy. get the financial information. make sure they're solvent with hoa. ask if there's been any assessments in the past or any scheduled in the future, guys. and make sure you get a copy of the covenants, conditions and restrictions. these are the rules that you will live by in you...

Massi memo. earlier, we talked about 1031 exchanges, which is the process of exchanging one property for another without getting slammed with a big tax bill. the detailed step-by-step is on our website, but what you need to know is many people get caught off guard by the tax implications of real-estate transactions. but there are times when you can avoid that by doing a 1031 exchange. an exchange usually involves swapping one piece of property for another through a middle person. and this third party holds the proceeds from your sale and then uses it to purchase the other property. so, technic...

And it's time now for the massi memo. earlier, we talked about 1031 exchanges, which is the process of exchanging one property for another without getting slammed with a big tax bill. the detailed step-by-step is on our website, but what you need to know is many people get caught off guard by the tax implications of real-estate transactions. but there are times when you can avoid that by doing a 1031 exchange. an exchange usually involves swapping one piece of property for another through a middle person. and this third party holds the proceeds from your sale and then uses it to purchase the o...

Make sure you understand what costs are involved, maintenance fees, things of that nature. also, ask if there is an owners club or some type of an association, almost like a homeowners association, because what it does, it lends credibility and protects you as a time-share owner. by the way, don't get hustled by a slick salesperson -- i mean no disrespect -- because when you're buying this, make sure they explain to you exactly what you're buying and explain to you all the costs. make sure there's no hidden agenda. and, finally, make sure you understand what cancellation terms are of the contr...

Those struggling to pay the bills. the lesson -- you got to protect yourself, and how do you do it? do your homework. today, we met a couple who really struggled to pay their bills when things went bad. but guess what. they did their homework, and they successfully, actually, did a tricky bankruptcy and two short sales. remember this -- bankruptcy should only be used as your last resort, and i call it hitting the restart button. the most common is a chapter 7. simply put, your liabilities are discharged, and you can rebuild your life. it may not be the best way for you to go all the time, so l...