Tax Deferred Exchange Tips for the Real Estate Professional, courtesy of Kevin Hummel, McFerran & Burns, PS.
Exchanges That Don’t Work
I really enjoy being positive and creative. It is absolutely exiting to help people find new solutions to their capital gains challenges, but sometimes I have to be the bearer of bad news. Sometimes I just have to give you the information you did not want to hear. Continue reading “1031 Exchanges That Don’t Work”
This information is courtesy Richard J. Welt, Attorney at Law with McFerran & Burns, P.S., Practicing Real Estate Law in Western Washington since 1986. Contact: (253) 284-3811 or www.mbs-law.com
Bankruptcy for Small Business Owners
Filing bankruptcy if you have an interest in a corporation or a Limited Liability Company requires some extra work for you and your bankruptcy lawyer. Preparing an accurate balance sheet listing the company’s assets and debts is a critically important part of this process.
Keep in mind that just because you file bankruptcy doesn’t mean that your Limited Liability Company or corporation should file bankruptcy. You are not the company, and the company is not you. Your Limited Liability Company or corporation is a separate entity under the law. Continue reading “Bankruptcy for Small Business Owners”
Recently, I was helping a client evaluate a couple different spaces in an industrial park, and they kept making a comment about the size and costs. I pointed out that each building has a different load factor, which ultimately impacts the costs. Then, it occurred to me that small and mid-size tenants almost never bring up this issue. When I represent a client, I always bring up the costs and differences in square feet. If I’m lucky, they won’t fall asleep before we discuss actual versus rentable square feet, and maybe even usable square feet.
Load factors can be a big deal with multi-tenant buildings, so I’ll summarize them briefly. Continue reading “Building Load Factors. When Leased Space Isn’t What You Think It Is. By Jen Hudson”
The words “Highest and Best Use” don’t seem to create a lot of flurry or excitement. I see any sellers and even agents marketing property for what it is, without really exploring other potential uses. As a result, it costs them in the long run when it comes time to sell or lease.
Continue reading “Highest & Best Use. Well.. that’s not exactly a buzzword, is it?”
In today’s slowly improving economy, retail success depends upon regularly updating the customer experience and a constant focus on managing occupancy costs. One way to accomplish both of these goals is to combine store remodeling campaigns with commercial lease restructuring efforts. With a partnership approach between tenant and landlord, these seemingly unrelated and potentially conflicting efforts can have a beneficial outcome for both parties by creatively aligning incentives. Continue reading “Retail Remodel: Partnerships & Success by Bridget Grams”
By Manuel Hinds September 22, 2013
Raghuram Rajan, left, was not afraid to take on Alan Greenspan. And now, he’s sounding another clarion call as India’s new central banker. Reuters/Danish Siddiqui
In his first official act as the new governor of the Reserve Bank of India (RBI), Raghuram Rajan raised the benchmark interest rate from 7.25 to 7.5%, causing a ripple of surprise in financial circles and eliciting protests from various business representatives. But for people who know the current condition of emerging markets and Rajan’s professional trajectory, this was not surprising, at all.
Continue reading “The Economist Who Predicted the Financial Crisis”
Congratulations! You’ve decided to build your own home. But where do you start?
Now that you’ve drawn up the plans or maybe even picked out your perfect manufactured or modular home, you’ll need to find the land to put it on. It may sound like a simple process. Pick the home, buy the land and move-in, but it’s much more complex than that. Finding that right piece of land can be just as cumbersome as searching for the perfect home, if not more. And, to complicate matters even more, not all real estate agents know land, so make sure you find one that does. Continue reading “12 Key Factors When Buying Land”
Why Real Estate is Better than Stocks
The thing I love about real estate is that it allows you to leverage your money. Here’s what I mean. Let’s say that you have $40,000 to invest.
Option 1: Investing in Real Estate. You find an income producing property, maybe a little run down that is only $200,000. You put 15% down, or $30,000 and still have $2,000 for closing costs and $8,000 for upgrades.
Option 2: Investing in Stocks. Say $20,000 goes into mutual funds and $20,000 into an aggressive stock.
Now, move forward one month. Continue reading “Real Estate vs Stock Market”
There are a couple basic items to consider when looking at an investment property. Just like in real estate, rentals are about location, location, location!
If you are considering a full-time rental property, is it close to schools, shopping or allow for easy commuting? If you are looking at a vacation rental, what is the draw for that area and why do people visit? Is there a golf course, beach or another attraction that brings people to the neighborhood consistently? Even a retirement community? Find out what it is and utilize that. Continue reading “We live in a litigious society. Be cautious.”
If you are a new investor starting out, I recommend starting small.
Duplexes and Mother-in-Law apartments are a great beginning. They allow you to live on one side and keep an eye on the premises while generating income at the same time. Of course, there are drawbacks to this set-up. Continue reading “First Time Real Estate Investor (Part 1)”