The Fed has officially cut the prime rate by 50 basis points (1/2%). We will not see an immediate .5% drop in mortgage rates because they are tied to the 10-year treasury and the expected rate drop was already priced in. However, this is great news for commercial rates and the long-term trajectory for residential mortgage rates. In the long-term, this should offer much-needed relief for buyers and making...
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Navigating the world of commercial real estate can be a complex and challenging endeavor. Whether you are looking to buy, sell, lease, or invest in commercial properties, having the right expert on your side can make all the difference. This is where a Certified Commercial Investment Member (CCIM) comes into play. CCIMs are recognized as some of the top professionals in the commercial real estate...
In the ever-evolving landscape of commercial real estate, financial strategies play a pivotal role in maximizing investment returns. One of the most significant tax incentives available to real estate investors is bonus depreciation. This provision can provide substantial savings and enhance cash flow, making it a valuable tool for those in the commercial real estate sector. In this blog post, we’ll...
Cheyenne, the capital of Wyoming, is experiencing unprecedented growth, and for good reason. Once known primarily for its rich cowboy history and wide-open spaces, Cheyenne has transformed into a burgeoning economic hub, attracting big businesses, tech giants, and major government projects. But what’s behind this rapid expansion? Let's dive into some of the key factors driving Cheyenne’s growth. 1....
For savvy real estate investors, the 1031 tax-deferred exchange stands out as one of the most effective strategies for building wealth. Named after Section 1031 of the Internal Revenue Code, this provision allows investors to defer paying capital gains taxes on the sale of investment properties, provided they reinvest the proceeds into "like-kind" properties. By deferring taxes, investors can preserve more...
If you’ve been following financial news, you might have heard about the Federal Reserve’s decisions to adjust the prime rate. Many homeowners and prospective buyers wonder why mortgage rates don’t change immediately or even directly in response to these shifts. Let’s break down the relationship between mortgage rates and the prime rate to clarify why they operate independently.What is the Prime...
By Elizabeth Sampson Special to the Wyoming Truth WOMEN YOU SHOULD KNOW IN WYOMING: Cheyenne Realtor Earns Elite Seller Certification By Elizabeth Sampson Special to the Wyoming Truth This story has been updated to reflect the accurate spelling of Ronna Boril’s name. Mariah Jeffery has escaped from Alcatraz two times, so it is clear she is no stranger to challenges. Her...
The real estate market can seem like a complex and ever-changing landscape, with trends and factors that fluctuate over time. Whether you’re a seasoned investor, a first-time homebuyer, or just someone curious about how the market works, gaining a solid understanding of its key dynamics can help you make smarter decisions. In this blog post, we'll break down the essential aspects of the real estate...
Mobile home parks have become one of the hottest investment opportunities in real estate over the past few years. Often overlooked in favor of traditional multi-family properties or commercial buildings, mobile home parks offer a unique set of advantages that make them highly attractive for investors seeking stable returns, low operating costs, and consistent demand. In this post, we’ll explore the key...