YorkStreetProperties.com

Selling a rental? Capital gains, 1031 exchange explained
Question: We know that the tax laws allow homeowners to sell their house and keep the profits tax-free, but what about rental properties? We own a rental house and we want to know if we can sell it and keep some or all of the profits tax-free.
J.C., Everett
Answer: [...]

Lance Puig, York Street Properties, Inc.
It is important to remember that the press is basically in the business of selling newspapers. With that being said I feel that the “national” media has been some what overzealous about reporting on declining real estate values this past year.  The numbers being reported are often sensationalized and usually do [...]

Lance Puig, York Street Properties, Inc
One thing to remember when you invest money in a trust deed as a private mortgage lender is that there are no real estate tax shelters for lenders, only for property owners. As a private mortgage lender you are responsible for the taxes on all earned interest which is treated [...]

Lance Puig, Yorkstreet Properties, Inc.
If you are a private mortgage lender or trust deed investor, once your investment has been placed you should at minimum have the following four items in your file:  A recent appraisal, the signed note, the deed of trust, and the current evidence of hazard insurance.
The appraisal is an important document [...]

Lance Puig, Yorkstreet Properties, Inc.
One issue of great importance for private mortgage and trust deed lenders is the ability to define your borrower’s exit strategy.  This should be clearly communicated to you prior to placing the loan.  When you are lending money on real property, and you are expecting a return as a private mortgage lender, it is [...]

Lance Puig, Yorkstreet Properties, Inc.
When you lend money as a PML to a borrower that will use your money to fund a real estate business (e.g. developer, house-flipper, etc.) it is a great idea to always ask your investor to provide you with some case-studies from previous transactions. By doing so, you will have a better understanding of their [...]

Lance Puig, Yorkstreet Properties, Inc. 
When you lend money as a Private Mortgage Lender or PML, be sure to always use a licensed title company to facilitate the transaction. If you are working with a reputable title company they will be diligent in recording the transaction with the county recorder that day. Personally, I recommend that [...]

By Lance Puig, Yorkstreet Properties Inc.
With the nation’s financial institutions being squeezed by the current credit-crunch many institutional banks are hesitant about taking risks. Yet it is my belief that the current market landscape will continue to benefit those interested in investing in both short- and long-term private mortgage loans. Where many people nowadays only [...]

Buyers used their equity to cover second home down payment and closing costs
RISMEDIA,Jeff Ciesla had watched people making money in the real estate market long enough.
So, when he and his wife, Quinn, recently decided to trade up to a larger home, he made his move. Instead of putting their Canton townhouse on the market, the [...]

RISMEDIA,Baby Boomers have a higher rate of homeownership than the national average and one out of four own more than one property, according to a new study of the largest generation in U.S. history commissioned by the National Association of Realtors?. Initial results were released at NAR’s Midyear Legislative Meetings & Trade Expo last week.
The [...]