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Guide to Tax Deductible Expenses - 11/30/11 08:53 AM
If you own rental property, it is important to make sure that you understand possible deductions in order to improve your profit margin as much as possible. As the owner of rental property, it is always a good idea to consult a tax attorney or tax consultant in order to ensure that you have a good understanding of the items which may be tax deductible. The following is a guide to some of the most common items which are frequently tax deductible for owners of rental property.
One of the most important things which must be understood when you are determining … (0 comments)
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The US Appetite For Debt - 11/29/11 08:54 AM
So far, I’ve never heard the same commotion in the market and the media unlike earlier this year when the US economy earned an embarrassing downgrade.
Perhaps, with all the Thanksgiving Holiday frenzy and the Black Friday storm that took place, almost everyone doesn’t care a whit about the surging US debt and is just looking forward to inflate personal spending. Well, that isn’t the case in Washington though. Democrats and Republicans are currently at a stalemate as to the best way to reduce the US debt, which now tops the $15 trillion mark from its $5.6 trillion level … (1 comments)
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What Is A Short Sale - 11/26/11 08:11 AM
You may have heard the term “short sale” and wondered what it referred to – and what kind of opportunities these types of transactions offer in the real estate market. Let’s define a short sale first.
A short sale can occur when a home owner’s debt on a property is greater than the amount for which the property can be sold. The result – lenders are sometimes willing to accept less than the total amount due on the house if the economic situation dictates such an action.
Here’s where the term “short sale” came from: Assume a homeowner has an unpaid … (1 comments)
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How To Get Your Investment Down Payment - 11/23/11 09:12 AM
Real estate has always been the fastest and safest investment vehicle to acquire wealth and reach millionaire status. But without a down payment your real estate investment goals will be difficult to achieve.
Every year that you don't invest will cost you money in lost opportunity. So where do you get your down payment? How do you do it?
Most lenders prefer a 20% down payment because it provides them a level of comfort in case you default on your mortgage loan. It also happens to be the minimum down payment required to avoid the addition of mortgage insurance premiums.
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Freddie Mac Needs 15 Years to Unload All REO Inventory - 11/22/11 09:40 AM
Sales of Freddie Mac REO homes took a dip in 3Q11 compared to the first two quarters of the year as nonperforming loans surged consistently over the previous quarter.
The number of repossessed homes plunged to 25,300, falling by 13.5% quarter-on-quarter (q-o-q) or approximately 30,000 units in 3Q11. REO sales also stumbled from 31,600 in 1Q11, the highest number recorded in the government sponsored enterprise’s (GSE) history.
In 3Q11, Freddie Mac thrust back 24,300 homes into its current inventory while disposing 25,300 REO properties at the same time. At the end of the quarter, the mortgage capital provider has already accumulated … (1 comments)
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Build Your Real Estate Dream Team - 11/19/11 11:32 AM
Many entrepreneurs believe that, if you want something done right, do it yourself. Personally, I believe that is the rationalization of control freaks unwilling to delegate.
In reality, your dream team will help you reach your financial goals faster than you ever can alone.
Sure, you can find motivated sellers and build a great buyer’s list on your own, but other tasks require the expertise of others.
Some of the members of your team should include:
real estate agents, who can bring you sellers home inspectors, who can spot things you might never notice rehab crews, who can do … (0 comments)
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Top 6 Reasons Mortgage Applications are Rejected - 11/18/11 10:07 AM
Half of refinance applications are abandoned or rejected, as are 30 percent of purchase mortgage applications, according to the Mortgage Bankers Association. All told, the Federal Financial Institutions Examination Council (FFIEC) says that well over 2 million mortgage applications were rejected last year.
Want to avoid falling into that number? It’s tough — especially in light of the fact that mortgage lenders have become increasingly restrictive in terms of their lending guidelines since the housing market crash.
Here, as a cautionary tale and primer on what to expect, are the top six reasons mortgage lenders reject … (1 comments)
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Next 2 Years is Prime Time for Real Estate Investors - 11/17/11 09:04 AM
Real estate investors are likely to be three times more active than other types of home-buyers in their local markets within the next two years, according to a national survey by Realtor.com operator Move Inc.
Market research firm GfK Custom Research North America conducted the survey on behalf of Move from April 11-15, 2011. The survey included telephone interviews of 1,200 U.S. adults, of which about 200 were identified as real estate investors. Data was weighted by age, sex, education, race and geographic region.
A third of real estate investors are planning to buy in the … (1 comments)
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National Economic Outlook - 11/16/11 09:03 AM
Jobs, jobs, jobs! That’s what we’ll hear from now on through the 2012 election, and rightly so. Although they claim otherwise, Wall Street and the Big Banks are not the essential, indispensable, must-be-bailed-out part of the national economy: it’s people with jobs. Those people account for 70 percent of the economy (the government is 20 percent).
As we’ve already seen, those people aren’t spending very much money these days, needing no more time-share condos, full-size SUVs, leather furniture, and flat-screen TVs. Which means there are fewer jobs for the people who were making those things a few years ago.
The national … (0 comments)
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USA Investment Property – A Great Choice For Investors - 11/15/11 12:09 PM
USA investment propertyis becoming very popular these days, and many foreign investors, especially from the UK, Australia and Europe, would prefer purchasing properties in this country.
There are several economic reasons that are responsible for the US property market to work well, where investors can make large profits from relatively small investments. It is important therefore to comprehend the crucial elements that contribute to the unparalleled opportunities which are available now, as the country is fast becoming one of the top property investment locations.
Economy – Even with the economy still in recession, the USA remains the largest national economy in … (0 comments)
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Bad Debt vs. Good Debt - 11/12/11 09:39 AM
This is an investing concept that’s not often thought about within the context of real estate, but it’s vital for you to understand the differences between these two types of debt.
Bad debt is typically referred to as consumer debt. What makes bad debt “bad” is the fact that it’s not being used on anything that produces cash flow or appreciates over time. Vacations, clothing, iPads, and anything else that doesn’t work for you in generating a return on that debt is considered bad debt.
Bad debt sources usually come from credit cards, but they can also include car loans, store … (4 comments)
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Anatomy of a Short Sale....... Join Free Webinar - 11/11/11 10:22 AM
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2012 Housing Market Forecast - 11/09/11 12:30 PM
The question most real estate investors often ask is, “Where do I invest now?”
As always, there are local housing markets around the country where homes are affordable, the underlying economy is strong, and appreciation is imminent. These are markets you should consider for your next long-term real estate investment.
Norada Real Estate Investments tracks the economic conditions and real estate trends of nearly 400 markets across the country. Because of the dynamic nature of real estate market conditions, we continually monitor and rank the top markets to make it easier for you, as an investor, to concentrate on the areas … (0 comments)
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Anatomy of a Short Sale....... Join Us For A Free Webinar - 11/08/11 03:42 PM
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What Can Foreign Investors Teach Us About Our Own Country? - 11/08/11 03:30 PM
You’ve seen the headlines. The combination of lower prices, increased rents and a weak dollar are drawing investor capital from all around the globe and funneling it into American housing. According to NAR, foreign investment is US real estate has increased by 20% in the 12 months ending march 2011, totaling $82 billion in just one year. What’s missing in most of these stories is why.
Why are overseas real estate investors, who are standing thousands of miles away with little if any personal experience in US real estate, pouncing on this opportunity? Low prices and great exchange rates don’t explain … (0 comments)
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Anatomy of a Short Sale Free Webinar - 11/04/11 12:07 PM
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Year-End Checklist for Rental Real Estate - 11/04/11 10:37 AM
Real estate is one of my absolute favorite areas in the tax law because there is so much flexibility in how to do things to legally maximize the tax benefits available.
Real estate is also one of the most complex areas of the tax law. This makes it easy to overlook important steps, which can lead to missing out on tremendous tax savings.
I recommend reviewing your tax strategy throughout the year, particularly as it relates to real estate. This makes it much easier to make adjustments timely, minimize oversights and reduce stress at the end of the year and tax … (0 comments)
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3bd 1ba 748 S Anza St # B Condominium $103,000 - 11/03/11 06:02 PM
Single story, only one shared wall. Private patio yard with possible small grass area. Laundry in unit, updated kitchen and bath, No stairs to entry, short walk to private playground.748 S Anza St # B El Cajon, CA 92020
Mary Ellen Wilson Expert Home Solutions, Inc. dba Expert Home Auctions International 619 261 6459 cell 877-267-2514 x7 toll free 877-276-8563 fax
We solve problems.
Search 1000s of homes @ www.experthomesolutionsincusa.com
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2bd 1ba 8025 Camino Kiosco San Diego, CA Condominium $249,900 - 11/03/11 05:42 PM
Fantastic opportunity for a condo walking distance to UTC with garage parking and laundry in unit! Well maintained property is move in ready but could use updating to update style. Garage is 1/2 of a shared 2 car garage with locking storage cabinets.
Mary Ellen Wilson Expert Home Solutions, Inc. dba Expert Home Auctions International 619 261 6459 cell 877-267-2514 x7 toll free 877-276-8563 fax
We solve problems.
Search 1000s of homes @ www.experthomesolutionsincusa.com
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2bd 2ba 10019 Paseo Montril, San Diego CA Townhome $250,000 - 11/03/11 05:16 PM
Spacious Townhome with fireplace, attached garage and laundry! Close to great shopping, transportation and fantastic schools. Nice Patio off the living room and extra storage space in the garage. Traditional Sale – FHA and VA possible! Tenant occupied Property. 10019 Paseo Montril San Diego, CA 92129
Mary Ellen Wilson Expert Home Solutions, Inc. dba Expert Home Auctions International 619 261 6459 cell 877-267-2514 x7 toll free 877-276-8563 fax
We solve problems.
Search 1000s of homes @ www.experthomesolutionsincusa.com
… (0 comments)
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4bd 2ba 6952 Tradewinds Dr. Condominium, Carlsbad CA $699,000 - 11/03/11 04:58 PM
Big Price Reduction! Unbelievable deal for this home in Poinsettia Cove, gated community just steps to the ocean! This Cape Cod style home is a beach lover's dream, and a very short walk to the coaster via the complex's private access path. The home features an inviting open floor-plan, family room w fireplace, upstairs laundry and private backyard! Very low maintenance - HOA covers front yard gardner. This is worry-free beach living! Call for Showing today, wont last at this price. 6952 Tradewinds Dr Carlsbad, CA 92011
Mary Ellen Wilson Expert Home Solutions, Inc. dba Expert Home Auctions International Corp Lic … (0 comments)
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4bedroom 4.5bath Encinitas, CA Single Family Residence $1,295,000 - 11/03/11 04:32 PM
Custom Built Dream Home within easy walking distance to Ponto Beach, one of the most beautiful beaches on the north county coast! This spacious and modern home will accommodate any size extended family! 2 large master suites upstairs share a patio overlooking the backyard and peek ocean views, Plus office or flex space upstairs. Downstairs there are 2 beds with en-suite baths. The entire home is designed to be ADA compliant and easily accessible for everyone. Large open plan kitchen has large center island with seating for casual dining. Pool sized backyard with beautifully designed garden and outdoor dining area on … (0 comments)
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Mary Ellen Wilson
San Diego,
CA
More about me…
Expert Home Auctions International
Address: 3944 Murphy Canyon Rd. #C103, San Diego, CA, 92123
Office Phone: (858) 752-6060
Cell Phone: (619) 261-6459
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