I have had quite a few conversations lately about the capital gains tax that results from a short sale or foreclosure, and what exactly what you should do when the lender sends you an IRS Form 1099-C. First of all, as a quick disclosure to first-time readers … I am a real estate broker in [...]
Real Estate Investment
There are millions of baby boomers around the world trying to decide where to retire, and if long-term reader “Bill” has anything to with it, they are going to choose Tallahassee. Bill has given the Tallahassee Real Estate Blog great feedback over the years, and his recent comments center on the fact that Tallahassee needs [...]
Have you recently received a letter from the Leon County Tax Collector, advising you to pay a Florida Tourist Development Tax? If you are a real estate investor in Florida, and you own residential investment properties, you should be aware of this tax. Fortunately, the tourist development tax only applies to the rental of living [...]
The price of developed lots in Tallahassee has moved all over the place during the rise and fall of the housing market. When I started in the real estate business in the early ’90s, Florida was just emerging from the inception of the Comprehensive Land Use Plan that resulted in many land-owners bringing residential lots [...]
Most of the real estate reports that we compile here come from data pulled from the Tallahassee MLS, but occasionally we go “all out” and get all the information on home sales in Tallahassee from the Leon County Property Tax Appraiser. I believe it is important to do this from time to time to ensure [...]
If you haven’t seen the Forest Heights neighborhood in Tallahassee, I recommend you make a little field trip to see what a real estate investor’s delight should like like. I recently looked at the list of homes for sale in Forest Heights and found several that would my investor clients a very strong rate of [...]
We just started working with a homebuyer who wants to buy a home in Tallahassee for less than $300,000, and our review of the options and opportunities for this buyer provided some great content for a real estate blog. So, if you’ve ever wondered where to go to buy a $300,000 home in Tallahassee, here’s [...]
Most people looking for a real estate investment strategy are seeking two key things (besides a solid rate of return) when they approach the idea of investing in cash producing real estate. They want simplicity and they want safety. It is very rare that I meet with somebody who wants to be actively involved in [...]
I was reading a blog post this morning from another real estate agent who was seeking input about a mortgage assignment sale (creative solution for homebuyers with bad credit that involves the assumption of existing loans). It simply involves the seller granting the deed of the property to the buyer subject to the existing liens [...]
