Picking Up My Mat

Buy a Bank Owned Home in Corona del Mar

2009-08-21T16:31:00.001-07:00

A Bank owned home for sale in Corona del Mar just sold in 1 day! It was a great property, in fact it was a Duplex on a great street. If you are looking to buy a bank owned home in Corona del Mar click here or call me.

There are many opportunites to buy a bank owned home in Corona del Mar, but you must act quickly. I would suggest three things before considering your purchase:

1. HAVE CASH

2. 10 Day Escrow

3. No Contingencies

Bank owned homes in Corona del Mar are few and far between, but they are great deals. Corona del Mar is a great place to invest your hard earned money. Historically it has maintained its home values and brings in higher rents than most orange county cities. Your ROI with a Bank owned home in Corona del Mar will far exceed any other investment property in Orange County.

If you are looking for a bank owned home in Corona del Mar or Orange county I would love to help.

Regards,

Tim Krueger
#01865823
Corona del Mar Properties
949-673-8494
949-274-2400
twitter: timmykrueger
Facebook: facebook.com/timmy.krueger

Corona del Mar Realtor, Tim Krueger

2009-08-18T10:04:00.000-07:00

Is it 206 Again? Here's what I am hearing from other agents. We have multiple offers on our listings and some are 50K over asking. Now I think it's great for the listing agent, but is it irresponsible for the buying agent to suggest to their buyer to offer 50K over asking? How quickly do we forget the past?

And then we here both agents complaining that the appraiser is not cooperating. Really? What's your opinion?

Regards,

Tim Krueger

My New TV Show

2009-08-17T10:18:00.001-07:00

Corona del Mar Realtor, Tim Krueger

http://www.youtube.com/watch?v=XvIO7laKnSg

Have a Better Than Good Day!

Regards,
Tim Krueger
#01865823
Corona del Mar Properties
949-673-8494
949-274-2400
twitter: timmykrueger
Facebook: facebook.com/timmy.krueger

Corona del Mar Realtor, Tim Krueger

2009-08-03T12:19:00.000-07:00

When are Capital Gain Taxes Paid? Maybe Never...

Many investors mistakenly believe they will have to pay taxes sometime, so they might as well just sell. This is rarely a good decision. The tax on an exchange is deferred into the future and infinite. Tax is only owed when an investor sells outright instead of performing and exchange. Investors can continue to exchange properties as often and for as long as they wish, thus moving up to better investmnets and postponing the taxes for increased income and larger investment holdings.

If someone dies before selling his or her property, th IRS waives the capital gain tax completely. Under the IRS rules heirs receive what is know as "stepped-up basis". The basis value of the property, for purpose of calculating capital gain, is the value at the time of the Exchangers' death. If the heirs sell the property the day after they have inherited it, they will have little or no taxable gain.

Unlike playing Monopoly, real estate investors need not depend upon a "roll of the dice" to pass Go and collect more money. Property owners may utilize tax-deffered exhangesto acquire the desirable Boardwalk and Park Place properties and win the investment game!

Have a Better Than Good Day!

Regards,
Tim Krueger
#01865823
Corona del Mar Properties
949-673-8494
949-274-2400
twitter: timmykrueger
Facebook: facebook.com/timmy.krueger

Corona del Mar Realtor, Tim Krueger

2009-07-31T08:26:00.000-07:00

Are you familiar with a 1031 Exchange? No, it is not a code word for target employees when a customer returns and item. A 1031 exchange is simply when an investor sells and investment and purchases a "like kind" investment for equal or greater value along with an equal or greater value mortgage. After selling your investment you must identify 3 like kind properties within 45 days and close on one of those investments within 180 days. Sound simple? Some exchanges can become quite complicated and if you are not working with sound professionals you may end up loosing in the end. For more information on 1031 exchanges give me a call, email me, follow me on twitter or add me on facebook. I look forward to working with you.

Regards,

Tim Krueger

#01865823

Corona del Mar Properties

949-673-8494

949-274-2400

twitter: timmykrueger

Facebook: facebook.com/timmy.krueger

Corona del Mar Realtor, Tim Krueger

2009-07-27T20:41:00.000-07:00

It has been awhile since I have posted and a lot has gone on since. First I passed my real estate exam again! Second I found a great broker to work with/for/alongside. It has been a great couple of months to say the least.

The most challenging part of becoming a Real Estate agent is not taking the test, but finding the right broker to work for. I thought I would pass the test, join a broker and start closing transactions. WRONG! After passing my test I began to receive many letters and postcards from brokers around town. I told my wife I was well sought after since I passed my test. Little did I know that everyone received the same postcard that passed the real estate exam. After interviewing 5 brokers and telling them all I work for them I decided to go with Zip Realty. It seemed like a good fit at the time. However, my gut feeling told me other wise. After signing up and going through their training for a week I decided to speak with a man I admire in real estate. The reason I admire him is because he has a successful brokerage in Newport Beach. He told me I needed someone to mentor me and that I should not just join any broker. He told me about Wayne Smith at Corona del Mar Properties in Corona del Mar. I decided that was the guy who was going to mentor me through my career. I walked into Wayne's office on a Friday afternoon and was working Saturday morning. Never settle, go after what you want and get it. I am glad to be apart of Corona del Mar Properties and being trained by Wayne Smith. If you or someone you know is looking to buy, sell or rent real estate have them call me. I look forward to working with you.

Regards,

Tim Krueger

Corona del Mar Properties

949.673.8494