Entries by Patrick Hanna

1031 Exchange 5-Year Rule – Exploring the Fundamentals

Very few things are permanent in life, with taxes being one of them. Capital gains taxes, particularly on real estate sales, can be extremely burdensome. Fortunately, there is a very popular tax-deferral tool called the 1031 exchange. Savvy investors often rely on it. With this strategy, investors can defer capital gains taxes on the sales […]

FHA 203k Loan: What It Is and How It Works

Buying a fixer-upper sounds exciting. But the cost of repairs can make it stressful. That’s where the FHA 203k loan comes in. It lets you buy and renovate a home with one loan. With this option, you don’t need a separate loan for repairs. The 203k loan includes both the home price and renovation cost. […]

What is a 5/1 ARM Loan – All You Need to Know

Are you a homebuyer currently exploring mortgage options? Then you are in luck! Today’s home hunters have several lending options at their disposal, and the 5/1 ARM loan is one of them. What is a 5/1 ARM Loan? Read all about it here. When you choose a 5/1 ARM (adjustable-rate mortgage), which also happens to […]

SBA Express Loan: Fast-Track Funding for Small Business Owners

Waiting weeks for loan approval isn’t ideal when your business needs funding fast. That’s where the SBA Express Loan steps in. It’s a part of the SBA 7(a) program, designed to speed up access to capital for small businesses. With faster response times and simplified paperwork, this option can be a game-changer. An SBA Express […]

What Is an SBA 504 Loan?

Do you own a small business, and there’s a need for high-value equipment? Or maybe you want to purchase commercial real estate. If you’re in need of finance and are unable to figure out the best possible solution, an SBA 504 loan may just be the oil to your ache. Presenting you with this guide […]

How to Remove Someone from a Mortgage Without Refinancing

It is possible to remove a name from a mortgage, but it depends on various factors and can be complex. This blog post explains the process of removing someone from a mortgage without refinancing. The main ways to do so include: Loan assumption Loan modification Sell your home Pay off your home Cosigner release Quitclaim […]

1031 Exchange Rules in California – What You Need to Know

California’s 1031 exchange rules are anything but straightforward, and they keep changing. To make smart real estate transactions, understanding them is crucial. Here’s a comprehensive overview of the 1031 exchange rules along with practical tips to help you navigate the process. What is a 1031 Exchange? A 1031 exchange, also called a like-kind exchange, allows […]

What Is an SBA Loan? Everything You Need to Know

An SBA loan is a government-backed small business loan that helps cover costs for businesses looking to start, expand, or sustain operations. The loan is issued by a private lender and backed by the federal government, particularly the Small Business Administration (SBA), a government agency supporting entrepreneurs and small businesses. The government guarantee reduces lender […]