The Real Estate Professional » Real Estate Tax

Great Reasons For Canadians to Buy in 2009/2010

admin — Sun, 31 Jan 2010 09:49:30 +0000

There are a lot of great reasons for Canadians to buy right now. Low home prices and interest rates are the most obvious ones, but did you know about the First Time Home Buyers tax credit and the increase in the withdrawal ceiling on the RRSP Home Buyers Plan? The 2009 federal budget is making home ownership easier than ever.

Home prices and interest rates are dropping in most Canadian cities, making it a great time to buy from a basic financial standpoint – if you can own instead of rent for a comparable amount of money, why not? Lower home prices mean that you have more options and more buying power.

Interest rates have dropped along with home prices. Interest rates are what really determine what your home payment will be. Right now, you can get an interest rate for below 5%. This can bring your mortgage payment down hundreds of dollars a month.

The 2009 federal budget allows you to make more money tax-free. The tax free amount used to be $9,600; now it’s $10,320. The ceiling on the first two tax brackets has also risen. An income of up to $40,726 is only taxed 15%. The next bracket of 22% income taxation applies to incomes of up to $81,452.

Right now, the government is offering tax credit towards home renovation from $1000-10000, which ends up being around 15% cash back when you tally up your savings. Buy that fixer-upper and put some work into it, knowing that a good chunk will come back to you in tax read more

Apartments in Brazil- A Guide to Buying The Apartment of Your Dreams

admin — Sat, 30 Jan 2010 03:46:39 +0000

Finding the right apartment in a place like Brazil is not easy unless you know the tricks of the trade! With the value of the properties increasing every day and new real estate projects coming up right one after the other, there is no reason why one should not be eager to buying an apartment in this beautiful place. If you are hoping to buying apartments in Brazil then here are some tips on how to get exactly what you want. To make up your mind on what exactly you want, do your own research work first. This will help you go a long way. Find out what the real estate prices are and what are the best places to invest in and why. Talk to people and search the internet. Do your own preliminary reach so that you can decide what kind of an apartment you would like to buy. Look out for the fastest developing areas, especially if you are buying the apartment for investment reasons. This preliminary research goes a long way in ensuring that nobody manages to really swindle you into buying such apartments in Brazil that you will regret buying later. Get in touch with the experts now and chalk out a plan with them. Talk to your agent and find out what they have to show you and say about your ideas. It is equally important to sort out the financial issues too. In case you are taking a loan for buying the apartment, check through the terms and conditions and ask your tax planner to plan out your budget accordingly. Ensure that you have learnt all about the documents to be read more

How to Eliminate Risk in Real Estate Investment!

admin — Thu, 28 Jan 2010 21:48:33 +0000

Avoid 12 Common Mistakes Made by Novice Investors and Ensure High Rates of Return!

Real estate investment has provided many investors with positive cash flow, tax benefits and satisfaction of making an impact in others lives. Like any investment however, real estate has intricate nuances and market trends that when ignored can cause an investor tremendous heartache.

Unbelievably many first time investors are willing to part with their hard earned cash without taking the time to study their investment. They rely on traditional trends and gut feelings. Before you risk your investment take the time to learn all you can about your market. By aligning yourself with the right Professional you can avoid these 12 common mistakes, and you’ll ensure an excellent return on your investment.

1. Failure to Determine Your Time Need – Cash flow, capital appreciation, tax benefits, loss of management, equity pay down and pride of ownership are just some of the thing s that need to be addressed before you make that investment. A service -minded real estate professional can be a tremendous asset by taking the time to evaluate your needs and making sure you’ve got all your bases covered.

2. Not Checking out the Seller or Sellers Agents Numbers – Claims of extremely high rates of return run rampant in real estate investment. Don’t get caught up in the excitement – check everything: rents, payment history, read more

Will Your Children Thank You?

admin — Wed, 27 Jan 2010 15:37:23 +0000

Long-term, passive real estate investments are typically sought out by those looking to plan for their heirs. Normally, the principal owner is a sophisticated real estate investor who wants to simplify asset holdings for the future.

Moreover, beneficiaries may be better served by owning an asset that provides a steady income stream along with the benefits of owning real estate. But estate planning can be complicated, and the transfer of assets to an estate must be handled by a qualified professional who is familiar with state and federal tax laws.

“Those looking for safer assets for their beneficiaries should be cognizant of various factors,” says Benjamin Hanan, shareholder at Sarasota law firm Abel Band Chartered. “Using net leased investments as an estate planning tool can be highly beneficial to both the investor and their beneficiaries. ”

Should a particular investor purchase and maintain their net leased investment until death, the investor’s estate will receive a step-up in basis to its fair market value as of the date of the investor’s death, thereby eliminating all of the deferred income tax on that investment. Thereafter, the investor’s beneficiaries receive the following benefits: a real estate investment; an income stream; and an asset in which they possess a relatively high basis such that if they sell the asset in the future, they can minimize the taxes paid in connection with a read more

Real Estate Investing- Buying Properties at Auction

admin — Tue, 26 Jan 2010 09:36:01 +0000

Foreclosure Real Estate Investing: How NOT To Lose Your Shirt At The Foreclosure Sale For real estate professionals, this past year has been one of the most painful in recent times — defaults are up, homeownership is down, foreclosures have soared and the poorly performing housing sector is starting to create negative ripple effects in the broader national economy. Since all projections indicate that 2008 will be equally as challenging, should property investors run for the hills, put all their money in AAA rated munis, and ride out the storm until the next boom? Absolutely not! There’s no question that 2008 will bring reduced housing demand, lower prices in some areas, and fewer loan options, yet 2008 looks strong for treasure hunters. At HMB, we’ve been seeing investors scoop up bank REO’s for 40 to 50 cents on the dollar and selling them off at nice profits. After all, people will always buy property if they can get a great deal, no matter what the market conditions. Your job is to simply find the best deals. Many great deals will most certainly come from foreclosures over the next 24 months.

If you intend to jump into foreclosure auctions, follow these tips to help insure a profitable transaction: A� Do your homework: I recently had one of my investors call me and ask me if he would be risking anything greater than his security deposit if he simply walked away from a house he purchased at auction. Because he was intimately read more

New Government Initiatives to Boost Real Estate Sector in India

admin — Mon, 25 Jan 2010 03:56:59 +0000

At the Government level many new policy initiatives have been taken recently to boost the real estate Property in India . These policy decisions will lend a stimulus and impetus to the industry. It is beyond doubt that the new initiatives will unlock the potential of the sector. Also, along with the stimulus package announced by the Government, the Reserve Bank of India (RBI) has taken a definitive step whereby banks are allowed to devise new schemes beneficial to the property sector.

As part of the Government initiatives to boost real estate boom sector India, RBI has declared concessional schemes for the real estate sector. Such initiatives include:* Urban Land (Ceiling and Regulation) Act, 1976 (ULCRA) repealed by increasingly larger number of states. * In case of integrated townships, the minimum area to be developed has been brought down to 25 acres from 100 acres. * 51 per cent FDI allowed in single-brand retail outlets and 100 per cent in cash-and-carry through the automatic route. * Full repatriation of original investment after three years. * Minimum capital investment for wholly-owned subsidiaries and joint ventures stands at US$ 10 million and US$ 5 million, respectively. * 100 per cent FDI allowed in realty projects through the automatic route.

Further, in its endeavour to initiate new policies to boost the real estate sector in India, the Ministry of Commerce and Industry, Government of India, has taken steps to reduce the time read more

Is Tampa Real Estate a Good Investment?

admin — Sat, 23 Jan 2010 21:37:10 +0000

If you’re looking for investment property, Tampa real estate is one option you may want to consider. The current prices for Tampa real estate, coupled with the long term outlook for property values in the Tampa Bay area, make it a wise way to invest your money for a healthy return.

There are actually several good reasons to consider investing in Tampa real estate:

- The Tampa area consistently offers some of the best return on investment over the long term compared to most other coastal areas in the United States.

- The graying population of America is growing steadily. Each year, more retirees are planning to retire to areas like Tampa so they can enjoy their leisure years in the sunshine and tropical breezes. Today more retirees than ever can afford prime real estate, and they are willing to pay top dollar for amenities, location and access to water for boating, water skiing, relaxing on the beach and other activities. Florida is the most popular state for retirees, in part because of the lack of a state income tax. It makes Tampa real estate especially attractive to retirees who earn a steady income of any sort.

- Tampa real estate is a sound investment because it doesn’t rely on just one demographic. Although retirees are a solid portion of the market, Tampa also appeals to young families because of the warm weather, good schools and many communities with a home town feel to them. Vacation home buyers are read more

Investing on Singapore Real Estate – Your Passport to Quality Life

admin — Fri, 22 Jan 2010 16:02:40 +0000

A recent survey by Barclays Wealth and the Economist Intelligence Unit found Singapore’s rich are among the most optimistic of global investors on real estate, expecting the value of their property holdings to rise in the next two years. They have plans to raise their property investments from the current average of 25 percent of their portfolio. Investment in property with long investment horizon is sure to return remarkable gains. The time is also ripe now, the private property prices are just inching upwards but still low compared to their peak time price

Singapore is one of the most attractive places to live in Asia. The island’s strategic location and investor friendly governance is also providing immense leverage for foreign investors and enterprises to park their assets or to anchor their Asian operations here. A property in Singapore enhances their asset portfolio and invariably proves to be a prudent choice as it serves multiple purposes as a residential or office unit, or as an additional stream of revenue. After a significant holding period the investment reaps them good returns.

Foreigners are permitted to invest in Singapore property with limited restrictions covering landed properties. Foreigners who are keen on staying in Singapore for an extended period may even seek Permanent Residence (PR) visa under Enterprise Development Board’s Global Investor Programme (GIP). Under this GIP scheme investors can gain PR by read more

Texas Real Estate Appraisal Courses Offer a Stable Future

admin — Thu, 21 Jan 2010 09:36:29 +0000

Rumors are circling that jobs in the real estate market aren’t stable, but the opposite is actually true. Real estate appraisers and assessors will always be needed, because their place in the real estate market makes them irreplaceable. Appraisers estimate the value of property for a variety of purposes: to assess property tax, to confirm adequate collateral for mortgages, to confirm or help set a good sales price, to settle an estate, or to aid in a divorce settlement. This is something even the weakest real estate market cannot do without.

Not only is the employment of appraisers secure, but according to the Bureau of Labor Statistics, the need for appraisers and assessors of real estate is expected to grow at an electric rate. Job opportunities will be more than favorable for appraisers who meet licensing qualifications and have the right experience.

Employment of appraisers and assessors of real estate is expected to grow by 17 percent over the 2006-16 decade, which is faster than the average for all other occupations. More appraisers will be hired to help with litigation claims, probate cases, foreclosures, business valuations, and divorce settlements. With this additional growth in real estate activity, the employment of appraisers will steadily grow. Employment of assessors will also increase with the amounts of real property to be assessed in coming years. Independent fee appraisers will see the strongest growth because banks read more

Vacation Property Investments & Real Estate Investing In Virginia, Washington, Maryland

admin — Wed, 20 Jan 2010 03:36:13 +0000

One of the most interesting and enjoyable ways to try your hand at real estate investment & listings in Virginia, Washington, Maryland are through the ownership of vacation property you can use for your own holidays, or to generate income as rental property. If you have been looking for a way to acquire a getaway for yourself and your family, but need to find a way to justify the expense, then a real estate venture involving vacation property may be ideal.

Let’s say you want to buy a mountain house, to go during the hot summers in order to escape the brutal humidity and high temperatures. You can find a mountainside cottage, use it for your family summer vacations, and then rent it out to others the rest of the year. Best of all, when you rent it to others as a real estate investment, you qualify for business tax deductions for such things as routine upkeep. Even visits to the property to check on it can be considered business expenses, so you might be able to kill two birds with one stone, by traveling to your vacation property on business, and then sticking around for a personal vacation with some enviable tax advantages.

For further assistance on real estate listings, real estate agents, real estate investment, real estate group, Real Estate Company, real estate clubs, real estate trust, investment property and real estate investing in Virginia, Washington, Maryland, browse http://www. therealestateinvestmentqueen. com/article23. htm read more