Renting out your Orlando vacation home, condo or villa will not only help offset some of the costs of second home ownership but the U.S. Tax Code also provides some pretty decent breaks. 1.) If you rent your home for 14 days or less in a given year, you don't have to pay any tax on the rental income. You don't even have to report the income to the IRS. This break also applies if you rent your primary home for 14 days or less, which means if you're going out of town for 2 weeks and want to rent [...]
I know, I know, there haven't been any postings for a week or two but I haven't had a vacation in a year or two - and friends invited me to ride around the Grand Canyon on dirt bikes. I have a few cuts and bruises to show for it - but at least I didn't break my neck.
Just a quick email to let you all know that we have recently upgraded our search engine! New features include: Search for all property types (not just condos) Automatic map population with zoom Google Earth satellite technology embedded Draggable maps Local schools information Neighborhood statistics Mortgage calculators Property 'saves', bookmarks and email-able links PDF doc printouts Create your own profile and subscription info [...]
Investors have survived another week of wacky business antics, violent market swings, and general malaise domestically. However, I want to diverge from my normal within-boundaries commentary and discuss our friends on the other side of the globe: the Chinese. Why should we be so concerned with an emerging economy half a world away? Because they have historically loved our mortgage-backed securities and we have historically loved to buy their affordable imports. We buy their goods, they buy [...]
Saturday, June 14, 2008 Registration: 11:00 a.m. - 1:00 p.m. Auction: 1:00 p.m. Example property below... Example: 4205 Kasper Drive, Orlando, FL 32806 Each property will be conveyed with clear tile and title insurance provided by Commonwealth Land Title Insurance Company (known as Land America). Absolute Showcase by Top Interior Designers! Breathtaking details throughout. Tastefully design editions in 2002 with tumbled travertine tile, hand scrapped wood flooring and some hand painted[...]
One of the Tradewinds condos auctioned last month has failed to close due to financing issues and is now available for anyone who can take it down quickly with cash. The 2/2 units are now back up to $130k but this one can be obtained at original auction pricing of $93, 500 for a serious cash buyer who can close quickly. Call 407-290-3408 ASAP - if you'd like a tenant in place for cashflow - this can be arranged. $10k down required at contract.
For all his aggressive responses to our current credit crisis, Ben Bernanke certainly does like to end with a light touch. The Fed Funds Rate and the Discount Rate both received a 1/4 point cut on April 30th. This was what most experts predicted. Since rate cuts really take about 6 months to be felt by the economy, the Fed didn’t want to be overly forceful after a recent series of robust rate cuts that haven’t been absorbed yet. However, our [...]
We’ve been asked to enter the FHA Mortgage Center’s Best Real Estate Blogs Contest... Their goal is to highlight some of the great blogs in the real estate industry. Of course, the “best blog†means something different to everyone but we hope you’ll vote for us! There are 3 different categories and the winners will be announced on June 1st. Thanks for reading - and thanks for your support! Just click on the icon below or in the top right hand [...]
One of the most serious misconceptions for potential home buyers right now is the idea that they'll qualify for a mortgage "no problem". If you're an all-cash buyer, you can ignore everything that follows, but if you're an investor looking to leverage, listen up - because the days of telling your Realtor "Don't worry about it, it's not a problem" are over. Right now, lenders are changing their guidelines on a weekly basis, and if you haven't pre-qualified, then you're unlikely to be considered [...]
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