News about properties and real estate
Reaping the Tax Benefits From Rental Property One benefit of owning rental real estate is the myriad tax breaks. More deductions and tax-related strategies are available for this property than for just about any other type of investment. Not all owners, however, take full advantage of these allowances, either because they don’t know about them …
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Business: Who’s to blame? Coast or CCI? Or both? Any way, it’s the investors who are left in housing debacle’s lurch. The Florida housing boom was creating instant millionaires when St. Petersburg builder Jesse Battle III hit on a promising formula to feed the public’s hunger for no-pain, all-gain real estate deals. Within 18 months, …
St. Petersburg-based firm sees opportunity in S. Florida shopping centers There’s not much room to build shopping centers in South Florida. But one newcomer is squeezing its way into the crowded retail market with four new projects that aim to give local consumers convenient places to shop and do their dry cleaning and banking. The …
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Homeowners lose equity, title to foreclosure `rescuers’ After Ivan Eicher lost his job, he and his wife Delores fell several months behind on their house payments. Facing foreclosure, they accepted an offer from a company that promised to help them keep the home where they’d lived for more than 20 years. Without realizing what they …
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Tringali lenders acting on his debts [South Florida] Three more banks have foreclosed on property or forced him to sell. The house of cards that Neil Mohamad Husani and Michael Tringali built during the height of the real estate boom has finally been flattened. Three more banks that lent Tringali $28.5 million between June 2005 …
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Apt. Market In Flux: After Strong 2006, Competition’s Rising Apartment owners just enjoyed one of their best years in recent memory. But growing competition for renters could inflict short-term pain on the industry. Rents rose 4% last year nationwide, the biggest jump since 2000, when the dot-com boom’s job-creation juggernaut contributed to an 8% increase …
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