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real estate: Real Estate Performance and Other Helpful Information - 08/02/10 11:28 PM
http://seekingalpha.com/data/real_estate
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real estate: Minneapolis/St. Paul Metro Area Real Estate Report - 06/22/10 12:39 AM
http://frankdrake.edinarealty.com/pages/home-buying/market-update?ref
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real estate: Why Now Is the Time to Buy Real Estate By Larry B. Loftis - 05/27/10 01:52 AM
 
http://wealthmagazine.com/2010/01/why-now-is-the-time-to-buy-real-estate/  
 
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real estate: Seeking Alpha--Market News, Opinions and Answers - 05/24/10 09:27 PM

http://seekingalpha.com/?source=headtabs
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real estate: APRIL 12, 2010 How to Fight the IRS By TOM HERMAN , WSJ.com - 04/14/10 11:56 AM
APRIL 12, 2010 How to Fight the IRS By TOM HERMAN Get ready for increased scrutiny by the Internal Revenue Service.With Washington searching for ways to cut the budget deficit, IRS officials face intense pressure to collect more revenue. The agency plans more audits, especially of taxpayers in high brackets or those who are self-employed and deal in large amounts of cash. The IRS also has turned up the heat in such areas as offshore tax evasion, including undisclosed foreign bank accounts.More Americans may be audited by the IRS this year, thanks to new pressure on the agency to collect from … (0 comments)

real estate: Using Your IRA To Purchase Real Estate - 01/03/09 02:53 AM
If you purchase real estate and place the property inside your IRA, you do not own it; your IRA owns the property. Since qualified plan law governs your IRA, the owner must adhere to Internal Revenue Service guidelines. Investment restrictions, custodial fees, distribution rules and, ultimately, income taxes must be paid. All proceeds must go back into the IRA and occupancy is not an option. In addition, if the real estate is a rental property, for compliance purposes, your custodian will appoint a property manager. If loans are used, the loan must be a nonrecourse loan (secured by the property but … (0 comments)

real estate: Mortgage Rate Hits 37-Year Low - 01/02/09 10:59 PM
"Interest rates for 30-year fixed-rate mortgage rates fell for the seventh consecutive week, moving these rates to the lowest since the survey began in April 1971," said Frank Nothaft, Freddie Mac chief economist. "The decline was supported by the Federal Reserve announcement on Dec. 16, when it cut the federal-funds target to a record low and stated it stood ready to expand its purchases of mortgage-related assets as conditions warrant."
The 30-year mortgage fell for a seventh consecutive week, from 5.47% a week ago. A year ago the 30-year averaged 6.14%.
The 15-year fixed-rate mortgage averaged 4.92%, down from last week … (0 comments)

real estate: What Buyers and Sellers can feel good about - 12/27/08 08:34 AM
Some Positive Real Estate Talk
Though the economic news in the media is gloomy, the real estate market is actually stacking up quite well for buyers right now, particularly ones that do not have to first sell a home. Just last week interest rates dipped down about 1% from 6.75% down to around 5.75%. Real estate sales in our market had been strong from the middle of June through the end of August. Seasonally, Sellers tend to be the most motivated this time of year – making this a good time to negotiate a more aggressive purchase. The fact that a Seller’s home did not sell in the … (0 comments)

 
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Frank Drake

Edina, MN

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Edina Realty

Address: 4812 France Av. S., Edina, MN, 55410

Office Phone: (612) 803-4800

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Helping Residential and Commercial Property Owners Buy and Sell Real Estate since 1984.


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