What Is a 1031 Exchange?
A Smart Strategy for Real Estate Investors in Spearfish & the Black Hills If you’re an investment property owner in Spearfish, Rapid City, or the Black Hills, you may have heard the term 1031 Exchange but what exactly is it, and how can it benefit you? A 1031 Exchange can be one of the most powerful
Why Zillow Estimates Can Miss the Mark in Spearfish & the Black Hills
1. Zillow Doesn’t Walk Through Your Front Door Zillow’s estimate is created by an algorithm. It pulls public data, recent sales, and market trends to generate a value. What it can’t see: Your recent kitchen remodel Custom finishes or upgraded flooring New roof, windows, or HVAC The view off your bac
A 50-Year Mortgage: A Fact-Based Look at an Affordability Proposal
I. A New Conversation in Affordability The housing market needs creative solutions, and extending mortgage terms is one concept being discussed. Important to know:At this time, 50-year mortgages are still a proposal and are not widely available through conventional lenders such as Fannie Mae or Fred
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