Retirement interrupted One couple mapped out their retirement, but the plan hinged on being able to flip Florida real estate. Oops. Time for Plan B. Walking along a pier in Daytona Beach with their youngest grandson on a recent Saturday afternoon, Steve and Carol Daimler stopped to see what fish the locals were catching. The …
Category Archives: Investment Tips
Attorney sees his opportunity, switches to real-estate investing [South Florida]
Attorney sees his opportunity, switches to real-estate investing [South Florida] Southwest Florida has long been fertile ground for lawyers with a hankering for investing in real estate. Chad Gates simply represents the latest iteration of the trend. Using largely borrowed money, Gates and his partners have spent more than $16 million to buy raw land, …
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Foreclosure flood
Foreclosure flood In real estate, timing is everything. That’s what David Elosegui discovered when he made an offer on the Lake Orion house he fell in love with in February for himself and his daughter. “I went to make an offer and the bank said the house had just gone to auction,” said Elosegui, who …
Residential Slowdown
Residential Slowdown Mordechay Shahak and his six-acre Wellington estate don’t fit the profile of a homeowner caught between rising interest rates and a cooling residential market, but his lender is moving against the 9,080-square-foot house. Shahak paid $2.3 million for the property with a large pond in December 2004. The property is for sale, listed …
Real estate firm’s collapse worries investors [Northern California]
Real estate firm’s collapse worries investors [Northern California] Millions of dollars in real estate investors’ money has apparently disappeared with the collapse of a firm that helped investors in Silicon Valley and elsewhere buy and sell property and defer paying capital gains taxes. 1031 Tax Group of Richmond, Va., which operated in San Jose as …
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Citizens steels for flood of business [Central Florida]
Citizens steels for flood of business [Central Florida] Florida’s small-time commercial landlords and many of the small-business owners who rent space from them have been hit with the same fast-rising insurance premiums that have been shocking homeowners since a series of hurricanes raked the state in 2004-05. Earlier this year, lawmakers handed the problem to …
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