Marketplace Report: Betting on Hot Real Estate (NPR)Nervous because you just bought a house in a hot real estate market? Well, now you can essentially bet against the value of your home. The Chicago Mercantile Exchange has become the latest financial venue to offer contracts where investors can "hedge" home prices in a specific market, such as Las Vegas or Miami. Madeleine Brand talks with Steve Tripoli of Marketplace.
U.S. Troops Hunt al-Qaida in Raids in Iraq (North County Times)BAGHDAD, Iraq - U.S. troops conducted nearly 40 raids Friday in Iraq, taking advantage of information gleaned from searches following Abu Musab al-Zarqawi's death, a military spokesman said, revealing new information about the man believed to be poised to take the terror leader's place.
Don't keep a mortgage just for the tax deduction (Reno Gazette-Journal)DEAR BOB: We have a home mortgage at 7.25 percent interest with a balance of about $23,000. When we talked with several mortgage lenders about refinancing at a lower interest rate, they all said they don't handle such small amounts. Most said $100,000 was their minimum. One offered us $50,000, but we didn't accept. We can pay off our mortgage from savings. But we hate to lose our tax deduction.
How Can You Simplify the 1031 Tax-Deferred Exchange with a No-Management Investment (PR Web)Tenant-in-Common (TIC) properties can greatly simplify the 1031 Tax-Deferred Exchange because they are pre-packaged and ready-to-go institutional grade investment properties. A newly published book addresses this, and will be one of the exhibitors in the first annual online convention by NAR Commercial Alliance (of the National Association of Realtors). (PRWEB Jun 5, 2006) Trackback URI:
Rent Finders USA to Expand New York Operations (SYS-CON Media)Rent Finders USA, Inc. (PINKSHEETS: RFDU)is pleased to announce that Aaron A. Moss Real Estate (www.mossred.com) , awholly owned subsidiary of Rent Finders USA, Inc. will begin plans forexpansion throughout the Central New York Market. The Company has defineda market in Central New York, which Aaron A. Moss Real Estate estimates toexceed $50 million in annual residential real estate
Manhunt Over, U.S. Seeks Stability in Iraq (North County Times)BAGHDAD, Iraq - The U.S. military displayed images of the battered face of Iraq's most feared terrorist Thursday and Iraqis celebrated with gunfire after American bombs killed the leader of al-Qaida in Iraq. It was a long-sought victory for U.S. forces, but officials cautioned of violence ahead _ and a string of blasts proved that prediction almost immediately.
Boomers selling rental home face tax consequences (Belleville News-Democrat)Q. We recently sold a modest home for $88,000 that we lived in when first married, for eight years and then rented it for 20 years. We are wondering if we should buy another rental or another home, since we are 59 and 60 years old, and wish to avoid paying a lot of capital gains tax ... the house was fully depreciated.
The big buck spinners in the budget (Gulf Times)Big revenue spinners in Pakistan’s budget for new fiscal are 15% excise duty on international air travel (Rs3.5bn), fixed tax on income from property (Rs3bn) and 7% increase in cigarette price (Rs3bn).
TUESDAY (Miami Herald)5 TODAY 6 BROWARD Biz to Biz Networking: Meet and exchange business cards with local professionals; 5:30-7 p.m., Bonefish Grill, 6282 N. Federal Hwy., Promenade Shopping Center, Fort Lauderdale; $10. 954-838-9644 or www.biztobiznetworking.com.
Youth dies under suspicious circumstances (Kaumundi Online)One youth among a five member group who set out on a tour to Ponmudi died under suspicious circumstances. He has been identified as Safarulla (23), a native of Kollam. The version of his friends was that he collapsed and died while coming back from Ponmudi.
Landlords can cut work, sustain income (Belleville News-Democrat)Q. I have three apartment buildings with total of 80 units and would like to reduce my work load easing into retirement. Capital gains are an issue, so what methods are available to sell and move the whole value into investments that will give me a steady income stream, some appreciation, without a great deal of risk. Am I asking for too much from this situation?
Converting real estate into retirement income (San Jose Mercury News)Q I have three apartment buildings with a total of 80 units and would like to reduce my workload easing into retirement. Capital gains are an issue, so what methods are available to sell and move the whole value into investments that will give me a steady income stream, some appreciation, without a great deal of risk? Am I asking for too much from this situation?
