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Dennis Norman By: Dennis Norman Since the real estate downturn reared it’s ugly head many builders, developers and speculators have turned their “for sale” inventory into rentals. At the same time many frustrated homeowners have rented their homes out after not being able to sell them after buying another home. As this happened I wondered if all that was being done [...] I think there is still some good information in this case. The case is “Shri G. and Sudha Agarwal v. Commissioner of Internal Revenue, docket No. 12670-07S. According to the summary opinion from the tax court the facts of the case are as follows: By: Dennis Norman This morning the U.S. Department of Commerce released a report showing the sale of New Homes in January was down 10.2% from December and down over 48% from a year ago. Prices on new homes continue to drop as well. The median price for January was $201,100, down 2.6% from Decembers Tweet [...] By: Dennis Norman Irving Blue, CPM In part one and part two of this series I gave you some background information on Irving Blue as well as the part of my E-View TM with him. Now we’ll pick up where we left off. The mission statement of Irving’s company is to the point: ”Work collectively with owners to secure [...] By: Dennis Norman Irving Blue, CPM In part one of this series I gave you some background information on Irving Blue as well as the first part of my E-View TM with him. Now we’ll pick up where we left off. Professionally, Irving serves or has served on various committees/organizations including: Intstitute of Real Estate Management (IREM), St. [...] By: Dennis Norman Irving Blue, CPM So why would you need a property manager to handle your rental properties? Afterall you are an active investor and are capable of managing your units…plus why spend the money? These are all good questions and just part of the dilemna for many landlords. On the flipside, are you getting sick [...] By: Dennis Norman The National Association of REALTORS(R) just released their pending home sales index for November which shows pending sales (houses under contract to be sold but have not closed yet) are down 4% nationwide from October and down over 5% from a year ago. With all the recent bad economic news this is not surprising. The Northeast [...] By: Dennis Norman By now you may be asking yourself how my rant about malls relates to you, the real estate investor? It’s just to stress the fact that residential real estate is a good investment even when we are facing challenging times like the present. Sure, values may drop at times, like now, however since rents are not dropping [...] By: Dennis Norman For the past year the media has been flooded with reports and stories of how bad the real estate market is. Falling prices, an oversupply of homes for sale, a meltdown of the mortgage industry and now the banks are even in trouble! So what’s the silver lining? Perhaps it is the opportunity to [...] |
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