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Gerald Lucas

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Is Flipping Property Legal?, The Power Of 1031 Exchanges, House Prices Fall Worries Economists

August 5, 2025 Gerald Lucas

Is Flipping Property Legal?

Real Estate Tip:

Use tax-deferred 1031 exchanges to pass real estate assets to your heirs.

Real Estate News:

House prices are falling in an increasing number of US metro areas in what economists have pointed to as another potential risk for the sector and the wider economy.

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Tags Gerald Lucas, real estate tips, real estate strategies, house flipping, property flipping, fraud
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What Should You Repair Before You Sell A Home?, Important Tax Tip If You Relocate, Latest Pending US Home Sales

July 29, 2025 Gerald Lucas

What Should You Repair Before You Sell A Home?

Real Estate Tip:

If you relocate for a new job and rent out your property, you are a landlord in the eyes of the IRS, so make sure you report your new rental property on your federal income taxes.

Real Estate News:

Pending US home sales, a leading indicator of home sales based on contract signings increased 1.8% in May compared to a 6.3% decline in April.

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Tags Gerald Lucas, real estate tips, real estate strategies, HOA fees, home repairs, disclosure, market value, home renovations
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Better To Buy A Condo Or A Home?, Home Renovation ROI Bombshell, Big Change In May New US Home Sales

July 22, 2025 Gerald Lucas

Better To Buy A Condo Or A Home?

Real Estate Tip:

Think twice before sinking a lot of money into a home renovation like granite counter tops, pricey fixtures and fancy alarm systems--on average, capital improvements add only 50% of their cost to a home's value!

Real Estate News:

New US home sales fell 13.7% in May.

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Tags Gerald Lucas, real estate tips, real estate strategies, condo, home, maintenance costs, HOA fees, condo association fees
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