MLS Flat Rate Vs. FSBO

Let’s face it, there’s only one reason to sell your own home: to save money. Deciding to sell your property by owner allows the homeowner a “potential” 6% savings in real estate fees. The average US household last year was about $270,000, so the “potential”…

Recovery of depreciation on rental property

Rental property depreciation recovery refers to a tax provision on capital gains due to depreciation commonly faced by real estate investors who sell their rental income property. In essence, depreciation recovery is how the Internal Revenue Service can “recapture” taxes on all or part of…