Jody Wall Realtor Blog

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Real Estate Agent - BANCROFT REALTY LLC - 0637667
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RECENT BLOG POSTS
Real estate Investing beats mutual fundsA few years back, My husband and I pulled our money out of the company 401K and moved it to a self-directed 401k.  We sold every share of stock we owned and cashed in all our stock options.  I received a call from Fidelity trying to talk me out of it.  He s...
09/04/2016
Determine your goalKnow the goal you want to achieve when selling your property.  If the answer is to maximize profit of the sale, you need to ask yourself a question.  At the end of the day, what is the most cost effective?  The answer may surprise you.Money today is better than money tomorrowIf...
09/04/2016
Fair Market RentRenting property to your relatives is fraught with financial disaster unless the arrangement is structured carefully.  When it comes to the IRS, no good deed goes unpunished.  You decide to help your kids get a good start in life and out of your house.  You buy an investment prope...
09/03/2016
Deduct Mileage to and from Rental PropertyUnder normal circumstances travel from home to rental property would not be deductible.  The travel would be considered personal.  Traveling from home is commuting like driving to a job. Like most things it is not black and white.  The key word in the sen...
09/01/2016
Congratulations you set a goalSetting a goal worthy of investing your life in is a major accomplishment.  Celebrate.  You are now in the top 10%.  Setting the goal is not the same as achieving the goal.  You need an action plan.  You need consistency in your action.  That is still not enough.  Yo...
08/31/2016
Faulty comparable valuesFor single family residences, the value of the property is appraised by the selling prices of similar properties, in a similar neighborhood during a specific time.  There are rules that appraisers use to determine the value.  These appraisers are trained and have a strict ...
08/29/2016
Pay for college and get a tax deductionHelping your children pay for college is one of those benefits of being a parent.  Helping them pay for college and getting a tax deduction is a benefit of being a business owner.  This post applies to your college age children over 18.  When you hire a chil...
08/29/2016
Be the neighbor who knowsMost home owners are interested in what their property is worth.  Some take that curiosity to the next level.  I have a friend who is the person who pulls flyer's from FOR SALE signs anytime a property is for sale on his street.  He loves to inform me on what houses are g...
08/29/2016
Be the neighbor who knowsMost home owners are interested in what their property is worth.  Some take that curiosity to the next level.  My brother is the guy who pulls flyer's from FOR SALE signs anytime a property is for sale on his street.  He loves to inform me on what houses are going for in ...
08/29/2016
Be the neighbor who knowsMost home owners are interested in what their property is worth.  Some take that curiosity to the next level.  My brother is the guy who pulls flyer's from FOR SALE signs anytime a property is for sale on his street.  He loves to inform me on what houses are going for in ...
08/29/2016
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Jody Wall

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