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 …
Category Archives: Legal
Investors’ deals with developer lead to court [North Florida]
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
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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Homeowners lose equity, title to foreclosure `rescuers’
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]
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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3 paths to take when facing foreclosure
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 …