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Monthly Archives: September 2022

    How to Make Small-Town Living Work for You

    By Stephanie Prescott | September 30, 2022

    If you are intrigued by small-town living, you may decide to move to a new little town to start anew life there. Plan a trip beforehand While it is easy to envision what a place may be like, it is quite another thing to experience it for yourself. This is why planning a trip to... Read More

    How to Convert Your Residence Into an Investment Property

    By Stephanie Prescott | September 28, 2022

    Did you know that you can convert your residence into an investment property and access tax benefits? It is true. When you convert your primary residence into a rental property, you can tap into a few sections of the IRS code that helps to defer your taxes. Let’s look at a small 3-unit multi-family property... Read More

    10 Steps For First Time Home Buyers

    By Stephanie Prescott | September 26, 2022

    So you’ve decided you want to part ways with your landlord (or your parents) and become a homeowner. The only problem? Where do you start? If you aren’t sure where or how to begin the process or whom to talk to first, here is a helpful guide with 10 steps to buying a home. 1.... Read More

    Housing Marketing Shifts in 2022

    By Steve Prescott | September 23, 2022

    Real estate has been experiencing peaks and valleys throughout the last two years. These ebbs and flows are days when the market is trying to get to a place of stability. New home sales fell by 12.6% in July of 2022. It was the lowest sales rate since 2016. When looking into causation, affordability decline... Read More

    The Power of the 1031 Exchange when Investing in Real Estate

    By Stephanie Prescott | September 21, 2022

    Did you know that IRC Section 1031 allows real estate investors to relinquish or sell one property and replace it with another like-kind property? It doesn’t end there; when you do this, you can defer the payment of any capital gains tax that would usually be due. The basic rules of a traditional tax-deferred exchange are: Relinquished... Read More

    Why Invest in Rural Real Estate

    By Stephanie Prescott | September 19, 2022

    Wyoming is a primarily rural area. We have beautiful landscapes. Therefore there is an excellent opportunity to invest in rural real estate. There are advantages to investing in rural real estate compared to urban counterparts. We thought we could break it down for you to understand the investment benefits. Less Competition – Rural land purchases... Read More

    Getting Started In Real Estate Investing

    By Stephanie Prescott | September 16, 2022

    Developing achievable saving and investing goals can help establish a sense of financial security and pave a path toward financial freedom. Take the time to create a personal investment plan. This overall will tell you how much funding you have to put toward real estate investing and what you would expect in returns. Ask yourself... Read More

    Guide for First Time Investors

    By Stephanie Prescott | September 14, 2022

    When deciding what to do with your funds, it can be hard to explore all the options.  We recommend assessing how best to invest your funds rather than simply spend your money. The difference is that you are putting your funds toward something that will grow your money, which is referred to as an investment.... Read More

    Why Buy Real Estate in the Avenues

    By Stephanie Prescott | September 12, 2022

    The Avenues is a sought-after neighborhood in Cheyenne, Wyoming.  One of the most historic neighborhoods in Cheyenne resides between the Capitol and 8th Avenue, just shy of Lions Park. During the 1920s, a robust number of homes were first built in this area of Cheyenne. The historic Lakeview Cemetery east of the Avenues used to... Read More

    Why Buy Homes Near College Avenue

    By Stephanie Prescott | September 9, 2022

    College Avenue will soon circle Cheyenne at several points improving access for residents.  Parsley Avenue will feature a newly constructed bridge over I80 in the coming months, enhancing neighborhood access in town versus always going on the interstate. This improvement will be exceptionally significant for all the neighborhood residents along that stretch of Cheyenne that... Read More