Investment Properties - Leta Johnson

Leta Johnson Your One Stop For Real Estate

See how stress free real estate can be.

Having Management Nightmares?

We offer professional property management. I've been helping clients with their investment properties; management and sales/purchasing since 1984.

We charge a per centage of rent collected.

No set up fee.

No monthly fee if property is vacant.

No mark up on maintenance. In fact if you want to do the mainenance it's okay.

We do not hold you a month behind. We do monthly reports each month rents are collected. They're mailed betweent the 15th and 20th of each month.

We show the property to perspective tenants, process applications, collect rents, take maintenance calls.

Thinking about buying or selling investment properties?

FYI Tips;

Everyone wants to get a good deal including the bank, lender, HUD, VA, liquidation dept.

What really happens with foreclosures in the Middle TN area;

The mortgage holder publishes the legal notice for 4 weeks that the property is being foreclosued on. If the home owner can not reinstate the loan prior to that date the property will be sold at the public auction. Most of the time at the county courthouse.

Some investors do purchase the properties at the courthouse sale. Most of the time if you do this you will not have a chance to look inside the property, have an inspection done and you will have to close within 1-2 days from the date of the sale. No time to get a loan completed. If the prior owner has not moved out before the foreclosure you as the new owner will have to go thru the eviction process.

After the courthouse sale if the bank/lender purchases the property at the sale then they will have an appraisal done to set the sales price. If the appraisal shows the property is worth more than was owed on it by the prior owner the lender can sell it for more.

Remember banks don't want to be in the real estate business but once they are they have the obligation to their stock holders not to lose money. They're in the business of making money.

Most banks (99%) list their foreclosures with a Realtor and they list them on the local MLS site so any Realtor can sell the listing.

ALL HUD & VA properties are listed thru a Realtor and can be sold by any Realtor that works for a company that is approved by HUD or VA.

YES I can sell HUD, VA, Fannie and Freddie MAC and any other foreclosure.

FREE DAILY EMAIL SERVICE with foreclosures listings included just call or email me today and we'll get you signed up. Contact me today.

1031 Exchanges

Doing a 1031 exchange gives sellers the opportunity to defer 100% of the Federal and State capital gains taxes associated with the sale of property. How does an exchange work? Put simply, the proceeds received from the sale of a property are rolled-over to purchase one or more other properties of equal or greater value. The seller saves taxes.

Why Exchange?

In an exchange, all proceeds from the sale of property are available to purchase other property. This is like getting an interest free loan on the tax dollars that would have been due for a cash sale. The tax savings allows you to retain equity and move into properties of higher value each time they perform an exchange.

“In a like-kind exchange, both the property you give up and the property you receive must be held by you for investment or for productive use in your trade or business”. IRS

What’s Eligible?

Exchanges apply to property held for investment purposes, not to the sale of a personal residence.

The IRS states that exchanged properties must be “like kind”. This means real property for real property, not necessarily land for land or house for another house. For example, it’s fine to exchange a piece of land for an apartment complex, or property in the city for farm land. Read the IRS rules for specific information about what types of properties qualify for “like kind”.

Have questions call or email me .

Having Management Nightmares?

Thinking about buying or selling investment properties?

1031 Exchanges