The Basics of “Real Estate Professional” Status for Tax Purposes

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The Basics of “Real Estate Professional” Status for Tax Purposes:
One of the biggest challenges real estate investors face is keeping the profits that they earn from their investments. Just like any other business, the IRS is going to want to take as big a chunk of your profits as possible, and knowing how to use the system to your advantage will help you keep as much of your hard-earned investing cash as possible.
One of the best ways to limit the financial impact of taxes when it comes to real estate investing is to be able to claim “Real Estate Professional” status on your tax returns. If you can do this (and that’s a big IF), you have some hefty tax advantages you can leverage to keep more of your investment profit. That said, there is a lot of misinformation about what it means to be a “Real Estate Professional,” so hopefully I can cover the basics here.
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Call girl to real estate agent

 "Ashley Dupre

Call girl to real estate agent:

Would you buy real estate from a known prostitute?
Ashley Dupre, the former hooker whose most famous client was former New York Governor Eliot Spitzer, recently passed the accelerated Real Estate Salesperson Course at NYU, according to the New York Post.

Could it work? Who knows. She certainly has name recognition, and I’d bet she’ll get a few calls from curiosity seekers. I wouldn’t be surprised to see another celebrity list or buy a property from her and then stage photos for one of those gossip magazines I read at the gym. She already managed to turn her notoriety into at least one other paycheck by posing for Playboy. But would you buy a home from her?
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Mortgage brokers to be fingerprinted, registered - Business - Real estate - msnbc.com

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Mortgage brokers to be fingerprinted, registered - Business - Real estate - msnbc.com

WASHINGTON — Mortgage loan originators will have to be fingerprinted and sign up to a central registry to do business in future, according to final rules issued on Wednesday by the Federal Reserve and other regulators.
The rules are part of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008, also called the S.A.F.E. Act.
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California Real Estate Market Trends

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California Real Estate Market Trends

Those who are thinking of relocating to California should first find out as much as possible about the current real estate market. First determine if it is a buyer or seller market in that location. A buyer's market usually is defined as a market that is favorable to the buyer. In other words the homes that are selling in the area have been on the market for a long period and the seller is ready to deal at any price. A seller's market is more favorable to the seller. Homes in the area are selling fast in a seller's market and buyers are eager to buy a home. Here are a few important facts about the California real estate market.

Living cost in California are higher and many presume that real estate is also high. This is not always true. One should seek out the popular areas that also have great investment homes. According to recent statistics favorable areas to invest in real estate are Oakland, San Francisco, And Riverside. These areas show signs of improved growth. Sacramento and San Diego are seen as very bad real estate areas.

Recent statistics show that overall home sales in California actually improved during the last few months. Statistics also show that the average price for a sold home in California was $270,000. This is an 9.8 increase over a year ago. Showing the sad state of the economy, most sold homes were recent foreclosures. Statistics also show that foreclosures on homes in California have decreased slowly over the last year. And the typical mortgage for an average home in the state was about $1, 125.00, a slight decrease from a year earlier. The current trends in the California real estate market seem to be stable at present. But of course this could easily change at a moments notice as more and more people enter the real estate market.C

By Sid Merkle
Published: 7/21/2010
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Important Mortgage Loan Activity Licensing Requirements - Senate Bill 36/SAFE ACT

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Important Mortgage Loan Activity Licensing Requirements - Senate Bill 36/SAFE ACT

"Important Mortgage Loan Activity Licensing Requirements - Senate Bill 36/SAFE ACT
NEW FILING REQUIREMENTS FOR LICENSEES WHO CONDUCT RESIDENTIAL MORTGAGE LOAN ACTIVITIES

Effective January 1, 2010, all licensees must report to the Department of Real Estate if they make, arrange, or service loans secured by residential property, 1 to 4 units. The report must be made within 30 days of commencing activity and must be completed online using Form RE 866 - Mortgage Loan Activity Notification.

Penalty fees can apply for failure to submit this required notification. Penalties are fifty dollars ($50) per day for the first 30 days the report is not filed and one hundred dollars ($100) per day for every day thereafter not to exceed a maximum of $10,000."
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