(Reposted from Exchange Resources) They say that in life only two things are certain: death and taxes. Savvy investors, however, have been given the means to avoid the latter in certain real estate transactions. Prior to 2005, real estate was classified as either an investment or a primary residence. Upon the sale of property, different tax breaks were available depending on how the property was...
As Ben Franklin famously put it, “In this world nothing can be said to be certain, except death and taxes.” It was true then and it is true now. Just about every day I meet someone that says “I’d love to move but the taxes will kill me!” Believe me, I understand – I spent several years as an accountant and I have yet to meet anyone that is excited about paying taxes – especially taxes on...
“Be fearful when others are greedy. Be greedy when others are fearful.” Warren Buffett Based on a detailed review of the South Bay Real Estate Market, I believe we are coming into a window of buying opportunities that we have not seen in several years. The three key indicators that support my belief include the following: Days on Market have increased nearly 40% from a year prior; Months...
At the beginning of the year I like to share what may be in store for the year ahead in terms of the local real estate market. While I like to think I have a pretty good read on things, the past couple years have been proof that making bold predictions are more or less bold guesses and are worth little more than the paper they are written on. Since I am not a trained economist, I have instead synthesized...
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