A, B, C ' s of Real Estate Investing

Class A Investment Property
The "Class A" asset class is for the ultra-conservative real estate investor. This asset class provides stability and is very low risk. Class A properties are more clearly defined as:

Single-Family House
Example Class A Property »

Priced from $100,000 - $150,000.
Overall investment returns of between 12% - 18% per year.
Very stable locations where "Owner Occupants" make up approximately 90% or more of the neighborhood.
Located in very strong, high-ranking school districts.
Lowest vacancy factor at 3.5% overall across this class.
Lowest wear and tear due to more stable and responsible tenants.
Easily liquidated soon after acquisition, if needed, for a slight profit.
Typical investment requires $20,000 - $25,000 per property if using financing.

Class B Investment Property
The "Class B" asset is for the somewhat conservative real estate investor who is willing to take on managed risk. While this provides a higher return than Class A and the overall stability of Class B properties is strong, there may be years with a higher than normal vacancy but with this risk can come reward.

Example Class B Property »

Price points from $75,000 - $100,000.
Overall investment returns of between 15% - 20% per year.
Moderately stable locations where "Owner Occupants" make up approximately 75% of the neighborhood.
Located in average school districts.
Mid-level vacancy factor at 5% overall across this class.
Normal wear and tear is expected.
Easily liquidated soon after acquisition, if needed, for a break-even.
Typical investment requires $14,000 - $20,000 per property if using financing.

Class C Investment Property
This asset class is for the investor willing to take on managed risk for the possibility of higher reward. "Class C" assets provide a much higher potential return than A and B. Class C properties are the least stable and throughout the course of time may experience higher than average vacancy and higher than normal wear and tear.

Example Class C Property »

Price points from $50,000 - $75,000
Overall investment returns of between 20% - 28%
Somewhat stable neighborhoods where the "Owner Occupants" make up approximately 50% of the neighborhood.
These are NOT "War Zone" locations but will usually be within densely populated urban areas.
Located in less-than-average school districts.
Higher level of vacancy at times. 7.5% overall vacancy across this asset class.
Higher than normal wear and tear is expected.
Difficult to liquidate for a break even. Expect to spend a few thousand dollars if you have to sell within your first year of ownership.
Typical investment requires $10,000 - $14,000 if using financing.

Blending together the classes of properties gives an investor a diversified real estate portfolio with balance, predictability and the highest consistent rate of return; not found when a portfolio is tilted toward one single class.

What does AWC in a home listing meam? Is the house still available?

: I keep seeing some listings online that say “AWC” or Active with Contract. What does this mean? Is it available or not? A: Recently in our Multiple Listing Service there was a pretty major change with the addition of the “Active with Contract” status. Here’s what it means to you. When you are searching for a home either via an MLS feed that your Realtor has set up for you, or on a website like Realtor.com – you may notice some homes say “Active” while others say “Active with Contract” or “Pending”. Here’s the difference: Active (ACT) – Home is actively available on the market and does not currently have a contract on it. This doesn’t mean the Seller hasn’t received any offers yet – they may have – and its up to your Realtor to ask the listing agent. It does however mean the Seller hasn’t yet accepted any offers presented. Hurry and go see a listing that is active before it goes AWC or PNC! Active with Contract (AWC) – This status is often seen on short sales, but occasionally you’ll see it on non-distressed properties as well. The reason “AWC” – or Active with Contract – was created was to allow Realtors to continue marketing homes that were under contract already but have contingencies. Contingencies are things like “bank must approve the sale” or “financing” or “inspections” – things which must be completed or overcome in order for the sale to close. So why does the Realtor want to continue marketing an AWC listing? Two reasons. #1 – sometimes short sale contracts fall through either because the bank counters the offer presented at a higher number, causing the Realtor to have to start all over marketing for a new buyer. #2 – because the Realtor wants to find buyers even though the house is under contract and sell them other Active homes. Many times buyers ask me is it worth looking at AWC listings? The answer is maybe, but keep in mind if the current contract should fall through, the listing will go back to Active, and it will pop back up in your email notifications, and you can look at it then. If you really are in love with an AWC home you’ve seen online, your Realtor can always call the listing agent and inquire as to how strong the listing agent feels the current contract is. If its pretty strong, it may be better not to get your hopes up and move on. Pending (PNC) – This means the home is under contract and they are not currently seeking to continue marketing the home. Most contingencies will be removed once a listing goes “Pending”. Still – if you are in love with a pending house – it may be worthwhile to have your Realtor call the listing agent to see what the status is.

Elfers, Florida....Why "Elfers"???

The area was known as the Baillie settlement until the Elfers post office was established on Dec. 14, 1909. Frieda Marie (Bolling) Eiland, the wife of the first postmaster, chose the name of the post office to honor a favorite uncle, whose last name was Elfers. Railroad service came to Elfers for the shipment of citrus in 1913. In 1915, the Elfers School opened; it was the first brick school in western Pasco County. A new building replaced it in 1966.[4] The Elfers School red brick school has been converted into the Elfers CARES Center which celebrated a grand re-opening in 2013. The building now has a cafe, a "spacious auditorium", and is the home of the Avery Branch of the New Port Richey Public Library.[5] Elfers was incorporated from 1925 to 1933. Homes for sale in the Elfers Area lovely Eastbury Gardens

Just Listed!

5552 TULIP DR, NEW PORT RICHEY 34652 MLS#W7604778: http://youtu.be/ECVSuiG8u9Q

Sold!

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Sold!

4307 Sail Drive; New Port Richey, FL 34652: http://youtu.be/_-PusMgrO00

4307 Sail Drive; New Port Richey, FL 34652

should you sell your home or rent it out? What are the tax ramifications?

Some homeowners who can’t sell their home may consider converting it to a rental rather than lowering the price or leaving it vacant. Remember, if a home has been used two out of the last five years as a primary residence, it may qualify for the homeowner’s exclusion of Section 121 of the tax code. This means any gain up to $500,000 for a married couple filing jointly or $250,000 for a single person may be excluded and exempt from tax. Therefore, the property could be rented for up to three years and still fall within the qualifying timeframe. If the property was rented for more than three years, it would no longer qualify for the exclusion. Example: Phil and Miranda are married homeowners who are looking at selling their home. If they sell, they would have a $300,000 long term capital gain. Since Phil and Miranda meet the requirements of the Section 121 exclusion, there is no tax due. However, if instead of immediately selling the house, they rent the home for more than three years and then sell they would lose the exclusion. This would mean a tax liability of $300,000 x 15% or $45,000 upon the sale of the property. If there is not much of a gain to be taxed, converting a primary residence to a rental property may be an appropriate strategy. Again, real estate licensees should encourage their customers to consult with tax experts to make an informed decision.

What is Cancellation of Debt?

Overview of IRS Cancelation of Debt Income, from the Taxpayer Advocate Service What is Cancellation of Debt? If a taxpayer borrows money from a commercial lender and the lender later cancels or forgives the debt, the taxpayer may have to include the cancelled amount as income for tax purposes, depending on the circumstances. When the taxpayer borrowed the money he or she was not required to include the loan proceeds as income because the taxpayer had an obligation to repay the lender. When that obligation is subsequently forgiven, the amount received as loan proceeds is normally reportable as income because the taxpayer no longer has an obligation to repay the lender. The lender is usually required to report the amount of the canceled debt to the taxpayer and the IRS on Form 1099-C, Cancellation of Debt. debbiesmall.net

Short Sales, Foreclosures and Income Taxes: a Summary

Short Sales, Foreclosures and Income Taxes: a Summary If a taxpayer owes mortgaged debt to a lender and the lender cancels or forgives that debt in a short sale or foreclosure, in general the cancelled debt is taxable. However, the canceled amount may be excluded from taxation under the Mortgage Forgiveness Debt Relief Act of 2007. In general, this law allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure or short sale, qualifies for the relief. This provision applies to debt forgiven in calendar years 2007 through 2012. Up to $2,000,000 of forgiven debt is eligible for this exclusion ($1,000,000 if married filing separately).

Mortgage Forgiveness Debt Relief Act of 2007

Tax Relief for Some Financially Distressed Homeowners Homeowners experiencing short sales and foreclosures were given tax relief under the Mortgage Forgiveness Debt Relief Act of 2007. Instead of treating cancellation of debt as taxable income on the foreclosure of a principal home, no taxes will be levied on discharges of indebtedness of up to $2,000,000 for married taxpayers filing jointly and of up to $1,000,000 for a married taxpayer filing a separate return through tax year 2012. The basis of the taxpayer's principal residence is reduced by the excluded amount, but not below zero. The 2008 Economic Stabilization Act provided a three-year extension for home mortgage debt forgiveness relief. Qualified principal residence indebtedness is acquisition indebtedness (as discussed previously) with respect to the taxpayers' principal residence, but with a $2,000,000 limit ($1,000,000 for married individuals filing separately). Principal residence has the same meaning as under the home sale exclusion rules of IRC Code Section 121. Acquisition indebtedness of a principal residence includes refinancing of debt to the extent the amount of the refinancing doesn't exceed the amount of the refinanced indebtedness. The exclusion also does not apply to a taxpayer in a Title 11 bankruptcy. An insolvent taxpayer (other than one in a Title 11 bankruptcy) can elect to have the mortgage forgiveness exclusion not apply and can instead rely on an exclusion for insolvent taxpayers.

Mortgage Forgiveness Debt Relief Act of 2007

Tax Relief for Some Financially Distressed Homeowners Homeowners experiencing short sales and foreclosures were given tax relief under the Mortgage Forgiveness Debt Relief Act of 2007. Instead of treating cancellation of debt as taxable income on the foreclosure of a principal home, no taxes will be levied on discharges of indebtedness of up to $2,000,000 for married taxpayers filing jointly and of up to $1,000,000 for a married taxpayer filing a separate return through tax year 2012. The basis of the taxpayer's principal residence is reduced by the excluded amount, but not below zero. The 2008 Economic Stabilization Act provided a three-year extension for home mortgage debt forgiveness relief. Qualified principal residence indebtedness is acquisition indebtedness (as discussed previously) with respect to the taxpayers' principal residence, but with a $2,000,000 limit ($1,000,000 for married individuals filing separately). Principal residence has the same meaning as under the home sale exclusion rules of IRC Code Section 121. Acquisition indebtedness of a principal residence includes refinancing of debt to the extent the amount of the refinancing doesn't exceed the amount of the refinanced indebtedness. The exclusion also does not apply to a taxpayer in a Title 11 bankruptcy. An insolvent taxpayer (other than one in a Title 11 bankruptcy) can elect to have the mortgage forgiveness exclusion not apply and can instead rely on an exclusion for insolvent taxpayers.

Foreign Investment in Real Property Tax Act FIRPTA

Foreign Buyers and Sellers Must Have Federal Identification Numbers In 1980, the U.S. Government implemented the Foreign Investment in Real Property Tax Act (FIRPTA). The purpose of this law is to impose an income tax on the gains derived by foreign persons from the sale of their U.S. property. FIRPTA imposes an income tax on the sale of any U.S. real property interest. If either the buyer or seller of the home is a nonresident or resident alien who neither has nor qualifies for a social security number, that person must file with the Internal Revenue Service on Form W-7. Form W-7 is the application for an IRS Individual Taxpayer Identification Number (ITIN) to be used for tax purposes only. It is not, nor does it qualify as, a social security number; it does not change the holder’s employment or immigration status under United States law. FIRPTA also affects an individual’s ability to execute a 1031 Exchange. debbiesmall.net

Just Sold!

Just Sold!  Waterfront Pool home in Lovely Beacon Square#debbiesmall debbiesmall.net #WestPasco #loveFL #NewPortRichey #FloridaLuxuryRealty # #baileysbluff #GulfHarbors #beaconsquare #HolidayLakes #holiday # waterfront #poolhome

Taxes or how $100 becomes $60

a Federal Marginal Tax Rate of 28%, a State Income Tax rate of 7% and the requirement to pay Self-Employment Tax at 15.3% (rounded to 15%).
Before Tax Income: $100
Less Federal Income Tax of 28%: -$28
Less State Income Tax (not in Florida) -$0
Less Self Employment Tax of 15.3% (rounded to 15%): -$15
Equals after-tax or disposable income: $57

Using the example above, a self-employed taxpayer would need to earn $100 to have disposable income of $57.
Similarly, if the taxpayer was an employee and not self-employed, the taxpayer who earns $100 would have $64 in disposable income.
Before Tax Income: $100
Less Federal Income Tax of 28%: -$28
Less State Income Tax (not in Florida) -$0
Less ½ of Social Security from paycheck, (rounded) -8
Equals after-tax or disposable income: $64

Taxes marginal tax rate

A taxpayer’s marginal tax rate is determined after total income and adjustments to that income are calculated. The marginal rate is essentially the amount of tax paid on an additional dollar of income, so the marginal tax rate for any individual will increase as his or her income rises. This method of taxation aims to fairly tax based on an individual's earnings, with lower income earners to be taxed at a lower rate than higher income earners.
Taxable income can be calculated by starting with the Gross Income. Subtract Adjustments from it and you have Adjusted Gross Income also referred as AGI. After deducting Standard or Itemized Deductions and Exemptions, your result is Taxable Income.
After taxable income is determined, the taxpayer needs to refer to the tax tables by filing status (single, married filing jointly, married filing separately, and single head of household) that are set each year by the IRS.

True

“To thine own self be true, and it must follow, as the night the day, thou canst not then be false to any man.”
– William Shakespeare

Buyers market? Sellers market?

How do you know if the market is leaning towards buyer’s or seller’s? The answer lies in the months of inventory available in your market. Compare the “active” houses on the market with the amount that actually closed in the same month or timeframe. That figure provides the market “absorption” rate. The traditional definition of a buyer’s market is one that has an absorption rate of 9 months or more. An absorption rate between 6 and 9 months indicates a balanced or transitioning market. A 6 month or less supply of available inventory would indicate a seller’s market.

Thankfulness

Running

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Sinkholes Holiday Florida

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Open House

Open House 11 / 8 from 11-2 River Rd TODAY!: http://youtu.be/4WPENJTHEy4

Open House 11 / 8 from 11-2 River Rd TODAY!

Open House 11 / 8 from 11-2 River Rd TODAY!: http://youtu.be/4WPENJTHEy4

Open House 11 / 8 from 11-2 River Rd TODAY!

DebbieSmall Open House 11/8/2014 11-2 6526 River …: http://youtu.be/fimNRnHFwYg

Open House 11 / 8 from 11-2 River Rd

Open House 11 / 8 from 11-2

DebbieSmall Open House 11/8/2014 11-2 6526 River …: http://youtu.be/fimNRnHFwYg

Tax Tips From DebbieSmall - IRS.gov

Special Edition Tax Credit 2014-22 Inside This Issue Save Twice with the Saver’s Credit If you are a low-to-moderate income worker, you can take steps now to save two ways for the same amount. With the saver’s credit you can save for your retirement and save on your taxes with a special tax credit. Here are six tips you should know about this credit: 1. Save for retirement. The formal name of the saver’s credit is the retirement savings contributions credit. You may be able to claim this tax credit in addition to any other tax savings that also apply. The saver’s credit helps offset part of the first $2,000 you voluntarily save for your retirement. This includes amounts you contribute to IRAs, 401(k) plans and similar workplace plans. 2. Save on taxes. The saver’s credit can increase your refund or reduce the tax you owe. The maximum credit is $1,000, or $2,000 for married couples. The credit you receive is often much less, due in part because of the deductions and other credits you may claim. 3. Income limits. Income limits vary based on your filing status. You may be able to claim the saver’s credit if you’re a: • Married couple filing jointly with income up to $60,000 in 2014 or $61,000 in 2015. • Head of Household with income up to $45,000 in 2014 or $45,750 in 2015. • Married person filing separately or single with income up to $30,000 in 2014 or $30,500 in 2015. 4. When to contribute. If you’re eligible you still have time to contribute and get the saver’s credit on your 2014 tax return. You have until April 15, 2015, to set up a new IRA or add money to an existing IRA for 2014. You must make an elective deferral (contribution) by the end of the year to a 401(k) plan or similar workplace program. If you can’t set aside money for this year you may want to schedule your 2015 contributions soon so your employer can begin withholding them in January. 5. Special rules apply. Other special rules that apply to the credit include: • You must be at least 18 years of age. • You can’t have been a full-time student in 2014. • Another person can’t claim you as a dependent on their tax return. 6. Visit IRS.gov. You figure your credit amount based on your filing status, adjusted gross income, tax liability and the amount of your qualified contribution. Other rules also apply. For more information visit IRS.gov. If you found this Tax Tip helpful, please share it through your social media platforms. A great way to get tax information is to use IRS Social Media. Subscribe to IRS Tax Tips or any of our e-news subscriptions.

Open House 11 / 8 from 11-2

Real estate

DebbieSmall Open House 11/8/2014 11-2 6526 River Road NPR,FL 34652

Open House 11 / 8 from 11-2

Paint Free Ways to Brighter Your Home

Paint Free Ways to Brighten your Home Autumn is a beautiful time of year marked by pleasant temperatures and colorful fall foliage. But as vibrant as nature can be in the weeks after summer has ended, homeowners know that the shortened days of autumn mean less light inside their homes which can become dreary even in the weeks before the arrival of winter. Many homeowners pick up their paintbrushes in an effort to make their homes more colorful. But homeowners need not embrace their inner Picasso to brighten their homes interiors. The following are a handful of paint free ways to add some splashes of color to your home this fall. Bring nature inside. Flowers and plants can make colorful additions to a homes interior. Invest in some colorful throw pillows. Natural sunlight brightens a room come spring and summer. But sunlight is scarce as fall turns into winter and rooms that do not boas too many colorful accents can grow drab as summertime sunlight dwindles. Paper the walls. While many of todays homeowners prefer paint those who want a less permanent solution to brighten up their homes may want to consider removable wallpaper. Add some artwork. Another way to add color to the walls inside your home without dusting off your paintbrush is to hang some colorful artwork. Paintings that feature bold colors tend to draw immediate attention whey you enter a room. Rug it out. A patterned throw rug is another accessory that can effectively brighten a room without much effort or financial investment on the part of the home owners. Homes tend to darken as late fall turns into winter but homeowners can brighten their homes in various ways even if they prefer not to paint.

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Vegan muffins

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Mars, comet tonight at sundown

http://earthsky.org/tonight/comet-siding-springs-near-collision-with-mars-on-october-19?utm_source=EarthSky+News&utm_campaign=7c6c1b77de-EarthSky_News&utm_medium=email&utm_term=0_c643945d79-7c6c1b77de-393588029

Landscaping Boosts Home Values up to 12%

http://realtormag.realtor.org/daily-news/2014/10/14/landscaping-boosts-home-values-up-12?om_rid=AAHcgk&om_mid=_BUPYfKB89Aezwp&om_ntype=RMODaily Landscaping Boosts Home Values Up to 12% Daily Real Estate News | Tuesday, October 14, 2014 You might want to take a closer look at your listing's curb appeal: Upgrading a home's landscape from average to excellent can raise its overall value by 10 percent to 12 percent, according to research from Virginia Tech. Up Your Curb Appeal • 6 Landscaping Tricks That Wow Buyers • Landscaping That Sells • Wintertime Tips to Keep Landscaping Safe Researcher Alex X. Niemiera with the Department of Horticulture at Virginia Tech found that a $150,000 home with no landscaping could fetch an additional $8,300 to $19,000 by adding a landscape with color and large plants. The value of landscaping differed greatly from state to state. For example, the change in value from a home with no landscape to well-landscaped ranged from 5.5 percent in Louisiana to 11.4 percent in South Carolina. Michigan homes saw the biggest difference in landscaping appeal, with a home's value being increased by 12.7 percent. "The most preferred landscape included a sophisticated design with large deciduous, evergreen, and annual color plants and colored hardscape," according to Niemiera. Adding different plant sizes to a front yard, for example, can boost curb appeal, as well as mixing fruit trees and flowers for added color. The following landscape elements were found to be most important to survey respondents: • Design sophistication • Plant size • Diversity of plant material type "Survey results showed that relatively large landscape expenditures significantly increase perceived home value and will result in a higher selling price than homes with a minimal landscape," Niemiera writes in the paper. "Design sophistication and plant size were the landscape factors that most affected value. The resulting increase in 'curb appeal' of the property may also help differentiate a home in a subdivision where house styles are similar and thereby attract potential buyers into a home. This advantage is especially important in a competitive housing market." Source: “Does Landscaping Increase Your Homes Value?” Realty Times (Oct. 13, 2014)

Are You Following The P.L.A.N.?

FHA property flipping waiver extention

http://www.realtor.org/articles/fha-property-flipping-waiver#sf5063227

http://www.foxnews.com/us/2014/09/30/body-missing-arkansas-realtor-discovered-in-shallow-grave/

Sold!

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Levitating homes to minimize earthquake damage

There are homes designed to levitate during earthquakes. A Japanese company has developed a residential earthquake-proofing system that raises a house off of its foundation as far as 3 centimeters using just air pressure. When an earthquake hits, compressors activate, forcing an immense amount of air under the home. The house will levitate there until the earthquake ends, then be placed gently back on the foundation. If you know anyone that needs the services and guidance of a real estate professional, please call me first and I will make sure they receive top notch service. debbiesmall.net

Chess

Chess Gulf Harbors civic center

When Do You Need a Quitclaim Deed?

Buying and selling real estate involves a variety of financial and legal transactions, which is why it is so important to involve a team of professionals, including real estate agents and attorneys, who understand the implications of transferring ownership. If you are selling your home now, you may not remember that you signed and received a deed when you purchased your property. The deed provides proof of ownership and transfers the title to you regardless of who owned the property before you. Two Types of Deeds The legal document that transfers ownership can be a warranty deed or a quitclaim deed. Warranty deed: Used in most real estate sales transactions, a warranty deed says that the grantor (previous owner) is the owner of the property and has the right to transfer the property to you. In addition, this deed serves as a statement that there are no liens against the property from a mortgage lender, the Internal Revenue Service or any creditor, and that the property can’t be claimed by anyone else. Title insurance provides the financial back-up to the warranty deed and requires a title search to verify that no other claims on the property are outstanding. Quitclaim deed: Used when a property transfers ownership without being sold. No money is involved in the transaction, no title search is done to verify ownership, and no title insurance is issued. When to Use a Quitclaim Deed Quitclaim deeds are most often used to transfer property within a family. For example, when an owner gets married and wants to add a spouse’s name to the title, or when the owners divorce and one spouse’s name is removed from the title. In other cases, a quitclaim can be used when parents transfer property to their children or when siblings transfer property to each other. Some families opt to put their property into a family trust and a quitclaim can be used then as well. One other time a quitclaim might be used is when a title insurance company finds a potential additional owner of a property and wants to make certain that this person doesn’t make a future claim of ownership. In that case, the insurance company would ask that person to sign a quitclaim deed. It is important to recognize that a quitclaim deed impacts only the ownership of the house and the name on the deed, not the mortgage. For instance, in the case of a divorce, if both spouses’ names are on the home loan, they are still both responsible for the loan even if a quitclaim deed has been filed. Quitclaim Deed Basics The rules about how a quitclaim is handled vary by jurisdiction, but generally you need to include the legal description of the real estate being transferred, the date of the transfer and the names of the “grantor” and “grantee.” Not all states require you to record a quitclaim deed, but it’s wise to have the deed signed by all parties in front of a notary public, copied and recorded at the county clerk’s office.

Aldi Builds on Lake Conley

http://www.tampabay.com/news/business/retail/discount-grocer-aldi-plans-second-store-in-pasco-county/2165102

Cost of a pool??

The best way is to contact contractor in the area, who will give you a free estimate. In average I would say in ground pool cost 15K and up, depends on size, shape, depth, filtration system, chlorine or salt water, type of material use, e.t.c.

Six Flags FL HOAX

http://articles.orlandosentinel.com/2014-05-25/travel/os-six-flags-florida-20140525_1_six-flags-park-hoax-theme

Chess

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Chess

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Beacon Square

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Let's Ask America

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40 minutes to dog cookies

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Beacon Square Civic Association pool & clubhouse

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Facebook

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Regency palms

Checking in at regency palms condominiums for the first time! https://foursquare.com/debbielittledeb/checkin/53bf0998498efae960fca9a7?s=BMJVmfpBG_BmNYWjDzx3NGEnxzs&ref=fb&source=ci_share

Let's ask America

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Hurricane Preparedness

Hurricane preparedness I have lived in Florida all of my life and am a seventh generation Floridian In my 46 years I have lived through only one severe storm. Hurricane Elaina in 1986 was an inconvenience and a growth experience. For all of my followers I wanted to post some preparedness tips visit http://getthesavings.com/publixhurricane/ http://mynews13.com/content/news/cfnews13/weather/hurricane-center.html you will need: batteries water canned goods powdered milk baby care items PET FOOD sanitary wipes toiletries sterno gasoline cash storage bags / containers games toys cards candles matches

Investment

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What does the term "EtUx" beside my husband's name on the property bill mean?

What does the term "EtUx" beside my husband's name on the property bill mean? EtUx is a Latin phrase meaning "and wife." The phrase "EtVir" means "and husband," EtAl means "and others."

>^..^<

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Real estate

http://www.businessobserverfl.com/section/detail/arlington-at-northwood-sells-for-36m/

Why Brass?

Brass doorknobs disinfect themselves. It's called the oligodynamic effect: Ions found in brass have a toxic eliminating effects on spores, fungi, viruses, and other germs in as little as eight hours. If you know anyone that needs the services and guidance of a real estate professional, please call me first and I will make sure they receive top notch service.

Home Buying: Some of the terms and abbreviations used can be confusing. I was just recently about ADOM and CDOM. ADOM means the Average Days on the Market that property was listed and CDOM means the cumulative Days on the Market that a property was on the market. Example: A home was listed for 90 days and received no offers. The listing expired or the Seller removes the property from the market. Then the Seller re lists the property. The new listing will show the Average Days on the Market for the "run" as related to that particular listing period. However, the CDOM will report the cumulative days on the market counting the days listed not starting with the first day of listing regardless of the agent or brokerage offering the listing. This might read 2 days ADOM and 92 CDOM since the property was first listed. I am always here to answer any real estate questions you may have. You can reach me at 727-599-4958 or email at debbiesmall.net@gmail.com my website is www.debbiesmall.net Remember, "it's A SMALL World!" DebbieSmall, Realtor®

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What is an LLLP?

What is an LLLP? Limited liability limited partnership From Wikipedia, the free encyclopedia Companies law The limited liability limited partnership (LLLP) is a relatively new modification of the limited partnership, a form of business entity recognized under U.S. commercial law. An LLLP is a limited partnership and as such consists of one or more general partners and one or more limited partners. The general partners manage the LLLP, while typically the limited partners only have a financial interest. The difference between an LLLP and a traditional limited partnership lies in the general partner's liability for the debts and obligations of the limited partnership. In a traditional limited partnership the general partners are jointly and severally liable for its debts and obligations; limited partners are not liable for those debts and obligations beyond the amount of their capital contributions. In an LLLP, by having the limited partnership make an election under state law, the general partners are afforded limited liability for the debts and obligations of the limited partnership that arise during the period that the LLLP election is in place. Certain LLLP elections take the form of a limited partnership electing to be a limited liability partnership (this is the format used in Delaware, for example) while in other states the election is made in the certificate of limited partnership (examples being Florida, Hawaii and Kentucky). Most states require that an LLLP identify itself in its name, but those requirements are not universal. Because the LLLP is so new, its use is not widespread. Arkansas, Arizona, Colorado, Delaware, Florida, Georgia, Maryland, Nevada, Texas, and Kentucky have all adopted statutes that allow formation of an LLLP, usually as a conversion of an existing limited partnership (the general partners might want to do this to reduce their legal liability). The filing fees of an LLLP vs. a limited partnership are at times higher. In the case of Nevada, the Secretary of State charges $75 to register a limited partnership and $100 to register an LLLP. Additionally, the initial and annual report filing for an LLLP in Nevada is $175 vs. $125 for a limited partnership. Conversely, in Kentucky the filing fee for a limited partnership is no higher if the partnership elects to be an LLLP. LLLPs are most common in the real estate business, although other businesses can also use the form, for example, CNN. There are significant questions about whether the limited liability provided to general partners by the LLLP election will be effective in states that do not have an LLLP statute. States with LLLP enabling statutes[edit] Alabama Arizona Arkansas Colorado Delaware Florida Georgia Hawaii Idaho Illinois Iowa Kentucky Maryland Minnesota Missouri Montana Nevada North Carolina North Dakota Oklahoma Pennsylvania South Dakota Texas Virginia Washington US Virgin Islands Though California does not have a state statute allowing formation of an LLLP, it does recognize LLLPs formed under the laws of another state. While registering an LLLP formed in another state in California will trigger the annual franchise tax of $800—the same as other entities formed in California [1]—the statute[2] governing whether a LLLP must register is somewhat less inclusive than the statute[3] for out-of-state LLCs. Illinois, though not having an enabling statute, does allow formation of an LLLP under RULPA (Revised Uniform Limited Partnership Act).

What is a CDD?

In addition to and HOA, some neighborhoods also have a CDD. Today I was asked what CDD stands for and exactly what it is. Here you go: A Community Development District (CDD) is a local, special purpose government framework authorized by Chapter 190[1] of the Florida Statutes as amended and is an alternative to municipal incorporation for managing and financing infrastructure required to support development of a community.[1] Authority for CDDs was established by Florida's "Uniform Community Development District Act of 1980". The legislation was considered a major advancement in managing growth efficiently and effectively. Although CDD's provided a new mechanism for the financing and management of new communities, their operation was consistent with the regulations and procedures of local governments, including state ethics and financial disclosure laws for CDD supervisors.[2] All meetings and records must comply with the Florida Sunshine Law and an annual audit is also required.[2] As of 2012, Florida had over 600 CDDs with municipal bonds totaling $6.5 billion. Nearly three-quarters of them were established during the housing boom years between 2003 and 2008. The developer makes payments to the CDD for all properties in the district that they own. As long as new homes were selling, they had the money to cover that expense. When the bottom dropped out of the housing market in 2008, property sales in CDDs plummeted, as did developer income. Many developers did not have cash reserves to cover more than a year of CDD payments, so they had no choice but to declare bankruptcy, and 168 CDDs have defaulted on municipal bonds valued at $5.1 billion.[3] County politicians endorse them because they increase property values (plus taxes) and create infrastructure without cost to government. Developers love them because they don't have to use their own money to pay for all the development infrastructure up front. Residents like them because the initial price of their property should be lower due to deferred infrastructure costs.[4] The theory behind CDDs holds that services and public facilities used by residents and landowners will be available early in the development process, and are controlled by those who use them, and are paid for by self-imposed assessments and fees. Because the CDD is controlled by the landowners/residents, the decision of what services are offered and which facilities are constructed is up to the landowners/residents, not the developer. The cost of capital for CDDs is lower than that of the developer, saving money. Services can be bid out to private companies or provided by the CDD, and residents are not at the mercy of developer-owned enterprises.[2][4]

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