Archive | Real Estate General

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INTERVIEW WITH DUANE GOMER

You see interviews all over the internet, so today, since my name is on the door, I thought I would do one on Mortgage Loan Originator Continuing Education. For the interviewer, I selected Dick Green of Mission Viejo. Let’s get started.  DICK: Duane, your company has been at the forefront of MLO CE since it began. Exactly, […]

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73 IS COMING SOONER THAN YOU THINK

Taxpayers who turn 73 years of age this year will learn all about an interesting IRS Regulation: Required Mandatory Distributions from your taxable Retirement Funds. Most of you 73ers have heard about the tax, but you might want to know some simple facts. These nuances were researched in IRS Publication 590B, not AI. See your tax […]

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Think You Know California Security Deposits? Take This 2-Minute Quiz!

Security deposits continue to be one of the most misunderstood topics in California property management. Laws have changed in recent years, and even experienced landlords and real estate professionals can be caught off guard by the details. Whether you manage rental property, represent investors, or simply want to stay current, this quick 10-question quiz is […]

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VA LOANS: WONDERFUL LOANS

One of the regrets of my real estate buying life is that I never considered using a VA loan. I was a Navy LTJG during the Cold War, and I thought only Veterans who were in the military during a shooting war were eligible. Not too bright. Since becoming involved in Mortgage Loan Education, I’ve […]

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15-YEAR LOANS

When it comes to choosing a mortgage, the loan term is one of the most critical decisions a borrower must make. While 30-year mortgages are the most popular choice in the U.S., 15-year mortgages have gained significant attention for their unique advantages. If you’re considering a home loan, understanding the benefits of a 15-year mortgage […]

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This Week’s Guest Columnist

This week, I’m taking a break from doing all the writing. Many of you already know my wife, DJ. If you’ve been part of the Duane Gomer Education family for any length of time, you’ve probably crossed paths with her—or at least heard me mention her over the years. While I spent many years teaching […]

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FACTS AND FABLES ABOUT LICENSE RENEWAL

Continuing Education courses for California Real Estate Licensees were first required in the 1970s. The number of hours required has never changed since the start, but many special topic courses are required each year. There are many possible questions about what you complete. In their Winter Bulletin, the DRE answered many of the confusing aspects. […]

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AI LIED TO ME

A week ago, we purchased a range, dishwasher, refrigerator, and microwave for a vacant home. We selected a local retailer because we received excellent service in the past, and their prices were better than others, including the National Association of Realtors (I got the email telling me that NAR is now in the retail business). And we […]

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Gift Tax

IMPORTANT INFORMATION YOU SHOULD KNOW

I have been writing articles since 1963 with the Van Nuys Green Sheet. Sometimes it is education to view from the past. This email from 2023 discussed two of my very favorite topics. I would recommend you read them. Tax basis in a property becomes an important question when gifting or transferring property. I have […]

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TACTICS OF A PROFESSIONAL DEADBEAT TENANT 

I posted stories about a couple Property Management Memories in the last two weeks. Now, I just thought of some more.   The term Professional Deadbeat tenant was in one article. Yes, there are many of these people in your area, and when some move away, others rise up to replace them.  #1 They will try to […]

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