Will NYC dodge the real estate crash ? Los Angeles Times, CA - But he cautioned, "New York's lost a lot of jobs, it's hard for me to see them losing as many jobs as they have and real estate not taking a hit," he said.
1 real estate deal, 2 ex-aldermen Chicago Sun-Times, United States - These days, Singer finds himself in the uncomfortable position of having been involved in a real estate deal with two men who have pleaded guilty to federal ...
Greater Sacramento Bancorp Names New Directors MarketWatch - In 2007 Jim formed Bowman Consulting specializing in the workout of real estate projects owned by large Real Estate Investment entities. ...
Kobra Properties files Chapter 11 Bizjournals.com, NC - Real estate developer Kobra Properties ? which owns more than 80 restaurants, corporate centers and other commercial properties mostly in Northern ...
Axing of jobs in the Gulf adds to fears about recession hitting ... Daily Star - Lebanon, Lebanon - 51 minutes ago The threat of a looming economic crisis in Lebanon has become more evident amid news that some of the large real estate and contracting firms in Dubai have ...
Bidding adieu to her career Niles Daily Star, USA - With a career in real estate that started in 1976, a wealth of history has been kept in those drawers. An abundance of memory to sort through. ...
Reshaping Real Estate RisMedia.com (press release), CT - ?Our job is to make consumers understand why real estate is still a smart investment,? he continues. ?We need to take the proper initiative in each market ...
Source: Google News
Recent News and Articles on the Keywords: career + person + careers Related to the article below (Last Update: 8/5/2008)
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Lund makes career out of cleaning Madison Daily Leader, SD - By AMY POPPINGA, Staff Reporter In fact, Lund loves cleaning so much that she has made a career out of it. Lund, of Madison, got started in the cleaning ...
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often in conflict with continuing inequalities of opportunity in employment. ...
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The New Career Contract: Developing the Whole Person at Midlife and Beyond - DT Hall, PH Mirvis - Journal of Vocational Behavior, 1995 - Elsevier ... like a cruel betrayal of the person?s trust ... security offered early in one?s career
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A Life-Span, Life-Space Approach to Career Development. DE Super - Journal of Vocational Behavior, 1980 - eric.ed.gov ... Publication Date: 1980-06-00. Pages: N/A. Pub Types: Journal Articles. Abstract:
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Source: Google Scholar
Real Estate Can Be Ideal Career For A Hard-Working Person
Q. After 12 years of marriage and three wonderful children, my husband unexpectedly moved out. No divorce. No goodbye. No nothing. That was six months ago, so I don't think he's coming back.
My problem is my money is running low, and without any child support my part-time job isn't enough. A friend wants me to sell real estate at her brokerage. She is helping me get my sales license. I have been answering telephones at her office on the weekends and thoroughly enjoy the work. This firm is all women. Some earn more than $100,000 per year, but a few haven't made even one home sale so far this year.
Realistically, what do you think my chances of success would be if I went full time into real-estate sales?
A: Unlimited. There is no better career for hard-working women (and men) than real-estate sales. You can work as hard (or as little) as you wish. Selling homes will be a great way to support your family. If you are active in your children's schools, you should probably meet many prospective home buyers and sellers there, so you will have a great advantage with those contacts.
A few years ago, a woman in a situation similar to yours, Danielle Kennedy, began selling real estate and became very successful. Her 1990 book "How to List and Sell Real Estate in the '90s" explains the techniques which took her from a rookie to a real-estate sales superstar. I highly recommend that you study that book.
Q: About a year ago we sold our old home and bought our current home, which was a fixer-upper. We have completed the renovations and will have at least a $50,000 net sales profit. Our idea is to sell and do the same thing again with a bigger fixer-upper, which we can make into a luxury executive home.
But a friend tells me we can only use that rollover residence tax-deferral rule once every five years. Is that true?
A: No. The rollover residence replacement rule of Internal Revenue Code 1034 can be used to defer the tax on your home sale once every 24 months. It can be used more frequently if the home sale is part of a job-location change which qualifies for the moving-expense tax deduction.
To qualify, you can defer your profit tax by selling your home and buying a replacement home of equal or greater cost within 24 months before or after the sale.
For further details, please consult your tax adviser.
Q: I was talking with a mortgage broker who specializes in buying existing mortgages at a discount. He tells me it is not unusual for him to buy a mortgage for less than its balance, so his yield on dollars invested is over 20 percent. Isn't that usurious?
A: No. The usury law does not apply to the purchase of an existing mortgage for less than its balance.
For example, suppose you sold your home and carried back a second mortgage for the buyer. If that loan now has a $10,000 balance with a 9 percent interest rate, few people would pay you $10,000 for it. But if I offer you $6,554.83 for it and you accept, I just obtained a 20 percent yield investment. My yield is a combination of the 9 percent which the borrower continues to pay plus the $3,445.17 discount.
An excellent book on this topic is "Invest in Debt" available for $12 postpaid from Jim Napier Inc., P.O. Drawer F, Chipley, FL 32428.
Q: When we bought our home several years ago the seller paid for our title-insurance policy. Now we are selling. Do we have to pay for title insurance, which will cost more than $1,600, or can we make the buyer pay?
A: Everything is negotiable. As a condition of your sales contract you can specify the buyer is to pay for the title insurance. However, if sellers customarily pay for title insurance in your area, then you may have a difficult time getting the buyer to pay. Don't lose a sale over a small item such as title insurance.
(Copyright 1992, Tribune Media Services Inc.) Bob Bruss' column appears Sundays in the Home/Real Estate section of The Times. Letters and comments should be sent to Bob Bruss, Seattle Times Newsroom, P.O. Box 70, Seattle, WA 98111.
