http://www.homeandincomerealty.com/blog Your Source for Rich Investing Sat, 27 Jun 2009 14:30:26 +0000 http://backend.userland.com/rss092 en Most of my clients are real estate investors from around the country. I have had the opportunity over the last several years to sell real estate in Florida, Alabama and Mississippi, where I am licensed.   Recently I have seen the most outstanding deals available in the Tampa areas in these ... http://www.homeandincomerealty.com/blog/?p=12 Since Hurricane Katrina hit a few years ago many investors are taking advantage of a huge tax savings.  By investing in areas of Southern Mississippi, you can take a first year, 50% tax depreciation on rental houses, duplexes and fourplexes.   You can carry this loss back 5 years and ... http://www.homeandincomerealty.com/blog/?p=11   The Greater Tampa Area Board of Realtors had a meeting today and the featured speaker was the Hillsborough county Tax Appraiser, Rob Turner.   It was great to finally get some mysteries solved about property taxes.  It turns out the tax assessor calculates values of homes using a complex computer ... http://www.homeandincomerealty.com/blog/?p=10 If you are wondering if you can still take the GO Zone 50% first year tax depreciation, the answer is YES!  It was extended until December 31, 2010 but only in certain geographic areas.     These areas include 4 counties in southern Mississippi and the New Orleans area.   I have ... http://www.homeandincomerealty.com/blog/?p=9 Mortgage giants Fannie Mae and Freddie Mac announced on Friday that they are suspending all foreclosure sales and evictions of occupied properties through March 6th, in anticipation of the Obama Administration's national foreclosure prevention and loan modification program. Treasury Secretary Timothy Geithner touched on the idea of a ... http://www.homeandincomerealty.com/blog/?p=8 A new problem is appearing in the real estate business. Renters that have been living in or are moving into rental homes are finding out that their landlords have not been making the mortgage payments. You may find your family unexpectedly being evicted through no fault of your ... http://www.homeandincomerealty.com/blog/?p=7 The state of Mississippi is forgiving up to $40,000 per unit for providing newly constructed homes for rent in 4 southern counties of the state. They are located primarily in the Ocean Springs to Gulfport areas. This area took a direct hit from hurricane Katrina in 2005. ... http://www.homeandincomerealty.com/blog/?p=6 My clients and I have been looking for deals on rental homes in the Tampa Bay area.  After wasting too much time on short sales, we decided to pick up the pace on bank REO’s.  I’m happy to report the banks are willing to deal on these now.  Most interesting ... http://www.homeandincomerealty.com/blog/?p=5 I’m taking a poll on what my clients and readers feel is the biggest problem they have with their properties.  Feel free to email me at jmontano@homeandincomerealty.com and let me know what you think. This week we heard some encouraging statistics on the market.  The amount of traffic in model homes ... http://www.homeandincomerealty.com/blog/?p=4 In my constant search for Go Zone property, I visited 8 builders Tuesday through Thursday this week. I’ve seen a large increase in the number of builders in the Go Zone areas with product at the right price for rentals. Many are moving into Gulfport due to ... http://www.homeandincomerealty.com/blog/?p=3