Valuable
information you need to become a success in buying and selling land.
B.K.
Haynes’ monthly column on topics of interest to the real estate investor
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Below
are samples of the complexities of real estate made simple in Mr. Haynes'
monthly column that appears in regional real estate sales magazines.
DECEMBER
2007
Can
I invest in raw land using funds from my retirement plan or IRAs?
Yes, but you must handle
the transaction through an intermediary who would also disburse any funds
for development. Check with your CPA or tax advisor for details.
more...
NOVEMBER
2007
Are
we headed for a recession in 2008?
I don't think so. I
feel the current credit crunch is simply the expected precursor to the
recession of 2010. History in the 20th century shows precursors to major
socio-economic turmoil occurring in the later part of each decade, this
prior to the emergence of an even more disastrous period at the decade's
end. more...
OCTOBER
2007
How
can I decide what my land is worth?
Values established
by counties for tax purposes are not always current; nor do they reflect
ups and downs in the market. And real estate agents often place unrealistic
values on land to obtain listings or to buy them for their own account.
Other agents refuse to offer opinions, since sellers are sometimes not
serious about selling and are often seeking free advice. Serious sellers
who do not know what price they want for their land should pay to have
it appraised.
more...
SEPTEMBER 2007
TAX
QUESTIONS AND ANSWERS
What deductions do I get for renting out my vacation home?
Properties rented out
for an average of 7 days or less in a taxable year are not considered
by the IRS to be rental real estate and are therefore not eligible for
a deduction of up to$25,000 for losses against income derived from your
primary job, profession, or trade, this if your magnified gross adjusted
income (MAGI) is less than $100,000. more...
AUGUST
2007
“BOOMSDAY”
AHEAD FOR COUNTRY PROPERTIES
Buy at the bottom and
sell at the top. This is a familiar and recommended mantra for investors
considering the purchase and sale of homes, land, stocks, commodities,
or financial instruments. This article discusses the real estate scene
as I see it for the rest of this decade. more...
JULY
2007
What follows is the next part in a multiple part series about the real
estate market in the near future.
Sample
reasons for optimism
(19) The years 2007
to 2009 should be of particular interest to investors in vacation homes,
since the huge looming army of baby boomers, advancing through their peak
purchasing years, are now closing in on the second home market. more...
JUNE
2007
What follows is the next part in a multiple part series about the real
estate market in the near future.
Sample
reasons for optimism
(16) If you plan to
sell your home in the near term, follow closely the anticipated upswing
in real estate prices that should be evident in the first half of 2007,
this as the current and unprecedented surplus of homes in many regions
is largely wiped out through the whirlwind of price cutbacks and purchase
incentives now gaining strength in the real estate market. more...
MAY
2007
What follows is the next part in a multiple part series about the real
estate market in the near future.
Sample
reasons for optimism
(13) Current demographic
data from the U.S. Bureau of Census charts show the degree of home ownership
in this country rising to a level exceeding 70% of the population base.
Most of this increase in ownership will come from the purchase of lower
priced homes. more...
APRIL
2007
What follows is the next part in a multiple part series about the real
estate market in the near future.
Sample
reasons for optimism
(10) Real estate in
the following sectors should benefit from an aging population: (1) vacation
and resort properties, (2) good usable land close to small towns and near
major cities, and, (3) well-developed apartment projects. more...
MARCH 2007
What follows is the next part in a multiple part series about the real estate market in the near future.
Sample reasons for optimism
(7) The strength and thrust of baby boom spending will
continue to energize the economy until 2010. Historical data
shows that a prolonged recession is likely to take hold at
the decade’s endmore...
FEBRUARY 2007
What follows is the next part in a multiple part series about the real estate market in the near future.
Sample reasons for optimism
(4) Demographic data show that consumers still have immense
capacity to buy homes and land. It is a myth that excessive
consumer debt loads and unusually low interest rates have
preordained an imminent real more...
DECEMBER & JANUARY 2006
What follows is the first and second part in a multiple part series about the real estate market in the near future.
21 Reasons the sky ain't falling on real estate At the present time, a tsunami of price
reductions by sellers and builders has
engulfed and watered down profits and
consumer equity in the real estate market.
Notwithstanding this unfortunate turn of
events, it is highly unlikely--as some
pundits would suggest–that sellers aremore...
NOVEMBER 2006
If the economy keeps growing, when will we see the next bust or crash? Our economic future is largely shaped by demographic trends.
Astute investment advisors see real estate values rising
modestly until the decade’s end, after which a major
depression is expected to take root. Trend line charts ofmore...
OCTOBER 2006
Why do I need a “perc” test? Such tests determine whether soils will accept sewage disposal
systems connected with building construction. In rural areas
without sewers, a conventional in-ground system is usually
preferred by land buyers because of low cost more...
SEPTEMBER 2006
I’m negotiating to buy a farm. Should I buy with or without the crop?
If the crop looks good, it may pay you to bargain for the crop if you can
close after the harvest. The income you receive can offset all or part of your down payment and possibly cover the real estate taxes; plus you can deduct from your current year' s income that amount of money you more...