Taxes & Real Estate

By now, many property owners have received their county/state property tax assessment.  Read the notices and don’t be afraid to question the values reported by the assessor.  Because many areas of the US real estate market have had DRASTIC price increases in the past year or two, you may be paying much more than needed. Keep […]

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Transferring real (real estate) property to an heir or beneficiary can be accomplished many ways, including Power of Attorney, Probate, Wills and Trust Estates.  Power of Attorney (PoA) are instructions while living.  Wills are instructions upon death.  Deeds are devices to transfer property.  Trusts are holding entities for assets (including real estate). Power of Attorney […]

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When buying a property with a residential mortgage (loan), you may be bombarded with solicitations from various companies offering you “mortgage life insurance” that offers to pay-off your mortgage if you or your spouse dies.  These policies are usually much more expensive than a term-life policy and decline in value over the term of your […]

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If you opened your year-end retirement account statement, you were probably surprised about the substantial loss in account value.  Many people are reporting account losses around 40% compared to the beginning of the year. Did you know that real estate has only lost about 30%-40% of value?  And not all areas of the country have […]

Continue reading about Buying Investment Real Estate with an IRA/Roth-IRA/401K/etc.

Renovation loans are a great way to purchase a property that requires rehabilitation or renovation prior to occupancy.  Buyer’s can use a renovation loan to update, rehabilitate or renovate a property. There are currently two types of loan programs:  FHA and Fannie Mae. The FHA program requires: Current seller on title for 90 days For […]

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“No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment, if such property is exchanged solely for property of like-kind which is to be held either for productive use in a trade or business or for investment. ”  IRS, IRC Section […]

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This week, Congress and the President passed the 2009 Stimulus Plan. If you are a first time buyer, there is an $8,000 tax credit available. To qualify, you must: Not owned a principle residence in past 3 years Buy a home (house, condo, duplex, triplex or 4-plex apartment) from Jan 1, 2009 through Dec 1, […]

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how to reduce your taxes with investment real estate

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