News about properties and real estate
Investors’ deals with developer lead to court [North Florida] A Gainesville doctor took a second mortgage on his house to make a $100,000 business loan to Sarasota developer Rod Connelly. It seemed like a good deal: 18 months at 20 percent interest. Two years later, Robert Erickson and his wife had not seen a dime. …
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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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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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3 paths to take when facing foreclosure DEAR BOB: I’m behind on my mortgage payments and probably will be foreclosed. People have told me to (1) do a “short sale” of the property, (2) give it back to the lender with a deed in lieu of foreclosure, or (3) proceed to foreclosure and then file …