Advantage Of Owning American Real Estate

April 26, 2012  //  Posted by: cooldude  //  Category: Real Estate Rumblings

American Real EstateReal estate across the world has been an enviable area of investment for many. From the most developed countries to the developing ones, real estate ownership has been the Holy Grail for many individuals. The same is the case for American real estate. Owning a piece of real estate on the American soil is the part of the great American dream for most of its citizens. There are many aspects to real estate investment that cannot be simply found in any other sector.

The best part of real estate is that the value never diminishes and on the other hand with the increase in population its price is slotted to go even higher in the coming years. It is considered a tangible asset that one can build upon or just simply go on cashing it without even losing a bit of the original value. Also there are a lot of tax benefits and tax holidays that are being offered by the government for those who own a piece of American real estate.

An account on investing in a multifamily property

April 19, 2012  //  Posted by: cooldude  //  Category: Property Investments

multifamily propertyThe investors of multifamily are aware of the fact that the income from the rent is more in case of the properties of multifamily investments than it is for the homes of single family in most cases. It is important in the present market, as the process of homes have risen to as much as 50% in some of the markets since the year of 2002. This has made it too expensive to venture on the investments of the rental properties of single families in terms of mortgages.

The rent roll of a single unit is generally not enough for covering the mortgage of properties, which has to be purchased. The vacancy risk for the investment of the property rent of the multifamily units is reduced. This is simply because only one stream of income is not relied upon in this case. This makes the property rent investment of the multi family units more reliable.

Legal tips to keep in mind while purchasing commercial property

April 10, 2012  //  Posted by: cooldude  //  Category: Homes & Properties

Do you want to buy some commercial property or real estate? Well then you need to know about some basic rules and information and also have to abide by certain direction as a potential buyer of a commercial property. The local or the state board of real estate generally do not provide any sort of help regarding property purchasing to the buyers but from them you can gather information about the present scenario in this field.

But on the other hand the agents or brokers of real estate are available nationwide from whom you can get advice. While in the process of buying any real estate property it is always wise to appoint an experienced attorney with you so that you can have smooth dealings in the legal systems. The agents of the real estate can not behave as attorneys with their clients and hence violation laws are liable to punishment.

How to reduce tax liability of landlords

April 01, 2012  //  Posted by: cooldude  //  Category: Real Estate & Tax

reduce tax liability, taxLandlords are known to face huge amounts of taxes and most may not be even earning enough to pay them completely.

Here are a few tips that landlords can follow if they want to reduce their tax liabilities:

1)     Report if you have been losing out on rent recently. If you have incurred losses in the previous year due to rental problems or unpaid rent then these can be filed and led to sufficient decrease in your tax in the current year.

2)     Landlords can claim relief on all revenue related expenditures. If you have made any revenue from your property then this can be effectively used to seek tax relief.

3)     No matter what the cost on your property is, list everything down as revenue cost. Capital costs increase your tax liabilities and therefore it is better to report all expenditures as revenue expenditure.

4)     Seek the ten percent wear and tear tax allowance in case you are letting out a fully furnished house or flat.