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Florida Mortgage | IRS Tax Savings on your HUD-1
by David A. Podgursky, MBA
As tax time is upon us and with all the talk about recession, politics and the housing market, most people are not focused on the fact that we are only ten days from tax day.
So if you are a procrastinator as is the American-way, remember to plan for some of your Mortgage and Real Estate related tax deductions to save some money this year.
You do not have to look any further than your HUD-1 closing statement from the house you purchased in 2007 to find a few last minute deductions.
Florida Mortgage | Investment Properties should CASH FLOW
by David A. Podgursky, MBA
A fundamental of buying Real Estate as an Investment is CASH FLOW.
Despite the profitable years of “Buy and Flip“, during our current Real Estate Economy, “Buy and Hold” is what investors need to be prepared for… which means that somehow these properties need to pay for themselves while the Investor holds onto them.
Whether you are a Foreign National buying with the weakness of the dollar working in your favor or a rookie buying up short sales and foreclosures… the property needs to be able to pay for itself.
Florida Mortgage | Equity Lines being Frozen
by David A. Podgursky, MBA
If you are a homeowner with a Home Equity Line (HELOC) in Florida you surely know that Bank of America and other banks are freezing or shrinking your available funds.
In a response to the market drop and shareholder pressure, Banks have decided that the need to keep a handle on the extra debt that they are allowing on properties - no matter whether you have used your line or not.
Seems fishy??
Florida Mortgage | Foreign National Buyers shift Target Focus
by David A. Podgursky, MBA
Due to the dwindling availability of loan products and lenders for Foreign Nationals to purchase property in Florida, many Foreign National Real Estate Buyers in the US are having to change their focus… both in property and investment type.
Foreign Nationals will soon see the targets of their purchases changing from the traditional Second Home or Vacation Property to different investment grade properties and other ventures in Real Estate.
Florida Real Estate & Mortgage | Invest with Syndicates
by David A. Podgursky, MBA
The Florida Real Estate Market has many opportunities to offer investors that looking to buy low and sell high. Savvy investors from all over the globe are seeing the low prices combined with good exchange rates on the dollar (for foreign national investors) and relatively low interest rates for mortgage financing as an invitation to start buying Real Estate in Florida.
Many Real Estate Investors, though, are joining forces and their money to form a Syndicate - a group chartered with the specific function of buying Real Estate together. These Investors are bypassing the weak spots of the market - like condos for rental - and skipping ahead to larger purchases such as shopping centers, hotels, apartment builders or even new developments.
More Florida Mortgage and Real Estate Industry News you can use from
David A. Podgursky, MBA
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