News about properties and real estate
Champion for homeless now faces own housing woes Westgate Tabernacle Pastor Alan Clapsaddle has fought for his church’s right to house the homeless and worked to find them a more permanent place to live, but he’s nearly lost that battle personally. The home he and his wife, Kim Guzma, owned is no longer theirs and …
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As Condos Rise in Florida, Investors Try to Flee As dozens of condominium towers conceived during Florida’s real estate boom near completion, investors who snatched up units in the preconstruction phase in hopes of turning a quick profit are increasingly trying to break contracts, even walking away from fat deposits. “Motivated” sellers are flooding online …
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No profit doesn’t mean no taxes DEAR BOB: I bought a rental property in 1991, which I sold for $450,000. To avoid capital gain tax, I used an Internal Revenue Code 1031 tax-deferred exchange to buy another rental property for $450,000. After renting it for 12 months, I moved in and have lived in it …
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 …
Investors in realty exchanges seek relief Appeal to avoid paying taxes on money that vanished. Hundreds of investors – some who lost millions after the collapse of a firm specializing in tax-deferred real estate deals – are seeking relief from the Internal Revenue Service to avoid paying taxes on money that has disappeared. Many are …
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Old Florida enclave is new Florida hot spot [South Florida] Before it became a people magnet, Flagler County’s biggest claim to fame was Exit 284 — where I-95 runs closer to the Atlantic Ocean than at any other exit from Maine to Miami. That’s all changed. Flagler has a new national title, courtesy of the …
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