News about properties and real estate
Area homes remain affordable [Central Illinois] Central Illinois remains one of the most affordable regions in the country to buy a home. According to Zillow.com, a Seattle-based online real estate service, the Peoria-Pekin area was listed as one of the top five least expensive metropolitan areas in the United States with a rating of $91,984 …
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Renting rooms, buying a dream When Jason Tackmann was a kid, if you told him he’d grow up to be a landlord, he would have laughed. But now, at age 36, he and his fiancée Elaine Morales are the new owners of an old South Bronx rowhouse – and hope to become landlords by summertime. …
Publix real estate: Where flipping is a pleasure Looking to get rich quick in real estate? Forget flipping condos or snapping up fixer-uppers – that’s so 2004. The real action these days is in Publix-anchored shopping centers, which have been soaring in value even as home prices have slumped. For the latest example, look at …
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Real estate agents see marked improvement Across Southwest Florida, real estate agents are reporting sales, showing activity and buyer interest that suggests the region could be emerging from its real estate doldrums. In January, Michael Saunders & Co.’s call center received 3,375 serious inquiries, “which matches almost exactly the call activity at the height of …
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Even reluctant landlords can reap tax breaks Perhaps you’re a reluctant landlord. Caught in the housing downturn and unable to sell your house or condo at a decent price in 2006, you may have decided to rent out the property. Now, at tax time, you are left with a jumble of rules you never encountered …
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Build real estate wealth tax-free New book simplifies rules of property exchanges Whether you want to trade your rental house for another one, or you want to pyramid your real estate wealth without paying taxes along the way, “The 1031 Tax Advantage for Real Estate Investors” by Timothy S. Harris and Linda Monroe is the …