Category: Real Estate


The Benefits Of Investing In Silverleaf Resorts

Filed Under: Real Estate by Don Weststein — Comments Off
October 22, 2011

One of the best vacation products in the market today is Silverleaf resorts. This is because it is more than just a product that you use to plan vacations. It is also a very wise and very lucrative business investment. Here are some of the benefits that you can get from investing in Silverleaf.

Variety – there is just a lot of choices available from the Silverleaf vacation network. Not only will you be able to go to vacations in all the main resorts operated by Silverleaf, you can also get to pick from a large variety of network resorts all over the world. This means no matter what kind of vacation you have planned for the year, Silverleaf can definitely help you with it.

Flexibility – another great thing about Silverleaf is the fact that the vacation products are very flexible. You can customize your own vacation destinations as well as duration. This means you can enjoy a weekend getaway at a nearby resort or have a full on destination vacation. All you have to do is to arrange it with Silverleaf staff.

Value for money – if you regularly take vacations every year, you can use Silverleaf vacation products to help you save money over the long term. Silverleaf is a timeshare product. This means you will own a certain number of vacation day credits every year at any of the available resorts in the Silverleaf network. You no longer have to worry about inflation and other factors that can increase your vacation expenses. Over the course of the long term, you will definitely be able to save a lot thanks to Silverleaf.

Good investment – your Silverleaf timeshare will continue to increase in value over time. This means you can be able to earn a good profit in timeshare resales if you decide to sell your Silverleaf timeshare.

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How to Choose the Right Rental Property

Filed Under: Real Estate by Don Weststein — Comments Off
December 19, 2010

Choosing the right rental property is very important. It has to be a well informed decision to ensure that your investment pays off. The wrong decision could cause various problems in legal or financial sectors. Therefore there are some simple strategies which you must apply when it comes to selecting the right kind of rental property.

The first and foremost thing to check is the neighborhood. The location of the house is always very important. You might end up with an empty place if your rental property is in a bad surrounding area where the crime rate is high. Similarly you must also ensure that the property you buy is not the worst looking in the locality, because that will give a bad impression.

Investment property should always be in good repair to avoid any legal issues with tenants. So the next thing to check for in a rental property is the safety. That, along with the quality of the construction, is something which is hard to spot and could turn the tide to a great extent. It is good to hire an expert inspector who will look for electrical hazards or construction defects like external stairs without handrails or uneven sidewalks and driveways. All these play a very important role in the safety of the house and you would want to avoid headaches when the house is occupied. There are also inspectors for termite infestations, seeping water problems, rotting problems with the wood etc. Similarly cracks in the pillars or basement walls are serious issues which could raise the cost of renovation to a great extent. You also need to check the local regulations in the area. For example some townships have rules for the size of the bedroom or the terrace or the height of the ceilings. In such cases you might end up having to spend a lot of money to get the home in line with the regulations.

Proper parking is also important for many tenants and is expected when renting a property. Some families might even prefer multiple parking spaces if there is more than one person with a vehicle. Some condo associations let you purchase parking spots at an additional cost, be sure this is within your budget.

When you are buying a rental property buying it at the right price is very important. You need to develop a way of evaluating the price of the home depending on various parameters. If you are unsure of what a good price for a certain property is you may want to hire a real estate agent. The commission you have to pay will likely pay for itself in terms of getting the best possible deal on your investment property. Not only can real estate agents negotiate the best price for you but they also have invaluable investment advice when it comes to certain areas of town or particular buildings. Their experience in this area can be a great help to first time investors.

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Tax Relief Offered by Rental Property

Filed Under: Real Estate by Don Weststein — Comments Off
November 7, 2010

Today, rental property is developing as a key indispensable tax reduction investment. They are proving to be highly substantial, giving people an average of 8% return over the years. This is much more than the average stock market return over a period of fifty years. This is the prime reason more and more people prefer Charlotte investment property over other investments modes including stock market investments.

For tax reporting purposes you need to file schedule E by incorporating your real estate investment with your personal return. My experience of so many years, has made me spot a few common errors and forfeiture reimbursements which people, especially self preparers, make while filing their tax returns. Some of these errors can become critical tax issues later. Hence, it is advisable to approach a CPA, an attorney or other qualified tax preparers such as enrolled agents for filing your taxes.

I would like to point out some common errors as follows:

Most taxpayers file rental property on schedule C instead of schedule E. Schedule C is intended for business reporting which involves self employed personals too and should be used only if your rental property is a business activity like property management and real estate companies. For regular investors who possess a home or two, strictly schedule E should be filed.

Be cautious when you tax treat your assets. The most frequent item that instigates IRS audits is “repairs” regardless of whether it is reported on schedule C or schedule E. Like when you buy any home appliances like an AC unit or you install a new roof to your house, the total amount that you spend for it cannot be subtracted from tax in a single shot. Specifically, they should be capitalized and depreciated over their useful life. Remember inflating repairs and maintenance can cause you a tax audit and even bigger tax problems.

Majority of taxpayers ignore the depreciation of the house in total, while few others depreciate the full cost of the house all at once which is equally wrong. According to the right practice, initially one should deduct the cost of the land from the whole cost of the house and then deflate the remainder.

The correct tax treatment of Charlotte real estate can harvest satisfactory tax relief. Also, accurate and cautious tax reporting can free you from audits, consequent tax problems and expected tax debts down the road. So invest in a superlative rental property today for a beneficial tax shelter.

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Belize Real Estate FAQs

Filed Under: Real Estate by Don Weststein — Comments Off
November 1, 2010

Is Belize real estate a good investment? As is the case around the globe, rising tourism numbers often result in increased real estate values. Belize is no exception and as visitor number increase year on year, so do real estate values. Here are four FAQs to help you understand the market in more depth:

1. What is behind the rise in Belize’s popularity?

The nation is well known for its’ scenic beauty. It has a huge diversity of beautiful landscapes, from white sandy beaches to rain forests, as well as the second largest barrier reef in the world (after Australia). So whether visitors are interested in trekking, mountain climbing, or water sports, Belize can deliver them an enticing option to consider.

2. How expensive is Belize real estate?

The costs are typical of what you find in Latin America, although significantly cheaper than Costa Rica real estate. In other words, you can often find property for 50% of what you would pay in the US or Canada, or more established parts of the Caribbean for that matter. Also, the quality of life is quite good, and infrastructure quality is of a higher standard than you would typically expect for the low price.

3. What about the tax laws and property registration procedures?

They are definitely in favor of the investor. For one thing, there are no taxes on capital gains or inheritance and property taxes are low. The property registry is well organized and title transfer is typically finalized in less time than elsewhere in the region. If you qualify under the retirement residency program, a range of additional tax incentives and benefits are available.

4. Where should I buy?

The main draw for real estate investors is Ambergris Caye, a beautiful island a short flight from Belize City. Also accessible by boat the island is famous for its diving. Placencia peninsula is another area worth a close look. It has a beautiful beach and a laid back Caribbean vibe.

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Phoenix Real Estate Investment Options

Filed Under: Real Estate by Don Weststein — Comments Off
March 22, 2010

Getting the best representation while buying suitable property in Scottsdale and greater Phoenix areas can be a bit of a challenge. Thankfully, there are quite a few real estate agents who do provide this service nowadays. If you look online, you will get Phoenix real estate info and investment options. There are websites that can help you get details about real estate in and around Phoenix.

There are quite a few areas where you can get suitable real estate investment deals, which include Chandler, Gilbert. Ahwatukee, Maricopa County AZ real estate and Cave Creek to name a few. West of downtown Phoenix, you have the State Capitol of Arizona. This is an area that is getting recharged and suitable for habitation and development. Metro Phoenix is home to around 14,000 employees of the Phoenix government workers at the state and federal level, most of which make the perfect tenants.

One of the facts that can put some people off about Arizona is its heat. If you want to look at a property in the state, do consider something that has a pool attached to it for luxury and comfort. While a lot of foreclosures are plaguing developers, there are nonetheless quite a few new buildings that are coming up in the area. If you want to evaluate a contractor, look up online and also use the directory to make a few phone calls. It is always better to ascertain the credentials and the trust worthiness of contractors before dealing with them. This is also a great was to see what incentives are being offered, as tenants are more attracted to newly built Phoenix investment properties than resold ones.

There are places in Phoenix and not limited to Scottsdale where properties are available. It is true that North Scottsdale has quite a few properties coming up. But you have places like Piestewa Park that are also suitable for investment. There are quite a few homes that are owned by banks that offer good investment potential. Many investors may wonder about these, but in the long run these are a good form of investment offering decent long term returns versus the short term and volatile stock market.

Some people are interested in having property that can be let out to students. The Arizona State University is one of the larger universities in the country, with a large number of students flocking here from within the country and overseas too. Apart from this, there are many other universities and colleges that are present in Phoenix too.

Students who take up rental accommodation in the Tempe area pay around $1300 per month, while accommodation that is closer to the Arizona State University Campus would naturally command higher monthly rent. The Phoenix area provides housing for as many as 1.5 million residents. Living in the Valley of the Sun is quite a joy as you have quite a few housing options to choose from.

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