Tax Benefit Falls From Favor Some smaller real-estate investors are turning away from a popular tax-deferral strategy that has attracted scrutiny after fraud allegations. A number of investors had already started to reject the option out of concern about another problem: high prices for commercial properties. The so-called 1031 exchange strategy allows participants to defer, …
Author Archives: Administrator
Glen Burnie family wins the right to return home [Maryland]
Glen Burnie family wins the right to return home [Maryland] Virtually homeless for the past week, LaDonta Edwards and her three children just want to go home. Mired in a vicious lawsuit with two business associates she claims perpetrated a “foreclosure rescue scam,” she found four police officers and sheriff’s deputies at her Glen Burnie …
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Boca Developers ponders bulk sale at three projects
Boca Developers ponders bulk sale at three projects Sign of the times: In a bid to unload unsold inventory, Boca Developers is contemplating a bulk sale at three of its projects. Boca Developers is considering a bulk sale of unsold units at three South Florida projects, in a proposed deal that shows how builders are …
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Tax relief may work against real estate vultures [Florida]
Tax relief may work against real estate vultures [Florida] For two years Magdiel Guillemi watched the condominium towers go up across South Florida and waited for his chance to buy in. Now the 25-year-old aluminum company executive thinks his time has arrived. With the housing market stuck in slow motion, more and more condos nearing …
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The great condo divide
The great condo divide Not since Archie and Meathead went toe to toe in “All in the Family” has generational conflict reared its ugly head this high. As people who have bought into condominium projects are discovering, a battle of priorities among different age groups is raging on the common-ownership front. After all, just because …
Tax plan: Big savings, major cuts
Tax plan: Big savings, major cuts The Legislature is preparing to cut the average property-tax bill 7 percent this year, and then ask voters next year if they want to save far more by supersizing homeowner tax exemptions, under a plan Republican leaders released late Friday after weeks of secret talks. Total cost to local …