There are numerous tax traps if you sold a home, refinanced your mortgage or bought an investment property last year, but Tax time provides an opportunity to cash in many of the rewards of dabbling in last year's red-hot real estate market.
Saturday, February 25 2006 @ 12:58 AM MSK
Contributed by: jron
A fund for direct investment in Russian real estate is being launched, Sistema, the largest corporation working on the services market inthe CIS, the asset management company group Renova and the Whitehall Street Real Estate Funds investment group.
$100,000 was donated to the school to establish the Cotton Center for Real Estate Studies at Cape Cod Community College, that is what was reported On Tuesday. The college announced that John and Ann Marie Cotton donated the sum of money.
According to U.S. Attorney Gregory Lockhart's office, Another Cincinnati area mortgage broker has agreed to plead guilty to criminal charges arising from a real estate "flipping" scheme, this one allegedly defrauding mortgage lenders of more than $872,000.
In Hampton Roads commercial real estate, is sought as a strong economy, port growth and planned terminal expansions drove interest in getting a foothold in the market, which in the past year saw a marked increase in outside firms making big investments.
The decline, or stabilization, of activity may soon affect the market in another way and it's called downsizing. Entering 2006, the real estate market has been stabilizing, meaning that sales activity has slowed due largely to rising mortgage rates.
According to real estate data firm M/PF YieldStar, if rent money is harder to come by, blame it on the hottest rental market in five years. The average rent climbed to $940 in the fourth quarter of 2005, And this year, itís going to be even more expensive as rents recover from historically low levels, reports says.
Records show Theresa Lewis told buyers they didn't need down payments, that mortgages would be covered by rental payments and the properties could be re-sold at a profit, as former real estate broker accused of persuading buyers to buy foreclosed properties financed with fraudulent loans is facing prison time, reports said.