Federal Reserve to the Rescue?

The Federal Reserve is taking on more and more responsibiliy for the economy.

Before you say that’s a good thing, think again. Do we really want this much oversight?

Wall Street's Piggy Bank

The Federal Reserve is taking on more and more responsibiliy for the economy. 

Before you say that’s a good thing, think again.  Do we really want this much oversight?

And if you don’t think what they’re doing will not affect your real estate investing, think again.

Read Fed Leaders Ponder an Expanded Mission

Will Kimmel Mansion Deal Set Palm Beach Record?

Our property of the week is the Kimmel mansion in, where else, Palm Beach. It’s under contract for $75 million. That’s down from the asking price of $81 million, but I’d say not by much. What’s $6 million, right?

Our property of the week is the Kimmel mansion in, where else, Palm Beach. It’s under contract for $75 million.  That’s down from the asking price of $81 million, but I’d say not by much.  What’s $6 million, right?

The interesting thing about this deal is it’s totally private.  The identities of the buyers and bidders are not being revealed.  Hmmmm.

 

I know there are many of us who would like to sell our homes without Multiple Listing.

 

Read Deal for Kimmel mansion at 1234 S. Ocean Blvd. said to be $75M- plus.

 

 

Foreclosure Bus Tours Give Good Learning Curve

Overall I highly recommend these foreclosure bus tours because you can get out and see some real estate while being chauffeured. And they can also be good learning experiences.

Who knows, you may even find something to buy.

Foreclosure Bus Tours

Here’s an interesting article about the foreclosure bus tours that are becoming so popular now.

 

This article is all about one of the tours in  the Orlando area, and from the looks of it, they’ve got some fairly good buys. 

 

One foreclosure is a 2514 –square-foot, four bedroom, three bath house at $257,000.

 

Overall I highly recommend these tours because you can get out and see some real estate while being chauffeured.  And they can also be good  learning experiences. 

 

Who knows, you may even  find something to buy.

 

Read  Bus Tours Show Properties in Foreclosure  

Tax Relief for Distressed Owners in Pre-Foreclosure?

California is in the process of passing a tax relief bill for distressed owners in pre-foreclosure. Taxes will not be collected on the difference between what is owed and the sale price of the property.

Tax will not be collected

California is in the process of passing a tax relief bill for distressed owners in pre-foreclosure.

 

The bill specifies a distressed owner will not have to pay tax on the sale price of their properties.

 

In other words, the difference in what the homeowner owes and the sale price will not be counted as income.

 

Read  HOUSING: Short sales to no longer carry sales tax

Free Bird Dogging Course Gives You Excellent Step-By Step Tips

There’s a very good free bird dogging course over at the Real Estate Investing blog. It takes you through step-by-step with easy to follow tips even some experts could learn from.

Be a Bird Dog and Make MoneyThere’s a very good  free bird dogging course over at the Real Estate Investing blog.

 

Mark Schwartz is giving out a lot of basic information plus some excellent  tips and ideas even old timers who have been doing deals for years could use. 

 

You can go to his site and jump right in without having to do anything but soak up his expertise and knowledge.  Here’s the whole course step-by-step, and did I mention it’s all free?

 

Go to Fundamentals of Bird Dogging