Archive for the 'Education' Category
Needed July 1
House in the Del Norte HS area for 1 year lease
Min. 3 beds, 2 baths, can go to $3500/mo
Prefer single story
Please contact me at the following:
Nancy Canfield, Realtor
Ph:619-871-9333 fax: 858-676-1935
CA DRE License 01871784
Chosen by San Diego Magazine 2010-12 FIVE STAR “Best in Client Satisfaction”
Real Estate Agent, third year in a row!
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Real Living Lifestyles is sponsoring Mike Ferry from the Mike Ferry Organization on June 10th from 9:30-12:30 in Carlsbad at the Carlsbad Dove Library Theater.
Mike has been a Trainer and Coach for Top Real Estate Agents all over the country for the past 25+ years and Real Living Lifestyles has Mike coming to present a special training for their agents and local agents in the community.
Real Living Lifestyles Management has made a decision for the past several years to make an investment in our agents by becoming a member of the Executive Management Program at the Mike Ferry Organization. We take the education of our agents very seriously. As the Director of Training & Education I am proud to say that our agents also feel staying educated is very important. In fact last year our agents, through the Executive Management Program at the Mike Ferry Organization participated in over $100,000 worth of training and the company picked up the tab. Our agents are entrusted with what is normally our clients most valuable asset “their home” and it is of the utmost of importance that we are sure we do everything we can to represent them to the best of our ability, and keeping our agents educated is a big part of that commitment to our clients.
People continually ask us how have we had such great growth numbers over the past several years in one of the worst economies ever, and how are we opening offices and expanding 50% of our offices and we say” It is because of our people”! We are fortunate to be surrounded by our highly professional agents and broker associates here at Real Living Lifestyles (Formally Exclusive Properties* Exclusive Properties) that go above and beyond for their buying and selling clients. Our culture breeds success and it shows in not only our agents but the testimonials we receive from our clients about how well they have been served.
Our goal is also to reach out to the rest of the real estate community and offer educational opportunities as well. If you are an agent that would like to attend this event please call our office at 760-931-6111 ask for Cheri and let her know you would like to attend and she will add you to the RSVP list for this Mike Ferry Event on June 10th.
“*Exclusive Properties is a registered trademark of Exclusive Properties Real Estate Services Company, a Washington corporation. No affiliation between Exclusive Properties and Real Living exists or is implied.”
What is the Small Business Jobs Act?
The Small Business Jobs Act of 2010 (2010 Jobs Act) requires information reporting for rental property expense payments of $600 or more that are made after December 31, 2010. This reporting requirement is one of several revenue raising provisions that are included to offset the $12 billion cost of tax relief provided by the legislation.
Generally, if a person (payor) makes payments to another person (payee) in connection with the payor’s trade or business totaling $600 or more during a calendar year, the payor is required to send the appropriate information return to the IRS and the payee. Under the 2010 Jobs Act, any individual taxpayer who receives real estate rental income is considered to be engaged in a “trade or business” for purposes of the information reporting requirements. This is true even for individuals engaged in a “passive investment activity” under general tax rules and principles.
Although Congress passed this law back in 2007 and extended it through this year (2011), this remains a common question for owners of real estate. Mortgage insurance is typically a monthly expense that occurs when a property is purchased with less than 20% down payment or refinanced with less than 20% equity.
Homeowners who itemize their income tax deductions on the Federal Schedule A tax form can claim the PMI by entering it on line 13, in the section entitled “Interest You Paid”. You should find this figure on the form 1098 mailed to you by your lender at the beginning of each new year. The deduction may be taken for coverage issued by the Federal Housing Administrations (FHA), Veterans Administration and the USDA Rural Housing Service as well as private insurers.
There are, of course, limitations and restrictions. For example, the PMI deduction is allowed provided you took out the mortgage on or after January 1, 2007. The total amount you may deduct may be limited or reduced based on your income and how you file (for example, married filing jointly vs. married filing separate returns). Above those maximum income limits the percentage of PMI you may deduct is reduced for every $1,000 that your income exceeds your particular limit. The current law allows this deduction through the end of this year.
For more general information checkout the following link on Bankrate.com:Deducting private mortgage insurance http://www.bankrate.com/finance/taxes/deducting-private-mortgage-insurance.aspx#ixzz1Gand6lk2
Nothing discussed above should be construed as tax advice. Heed the caveat and always seek advice from a tax professional.
Paul Gonzales, Countywide Mortgage Lending (760) 746-7388 [email protected] NMLS CA-DOC290493
The New Normal: Where Do We Go From Here?
RISMEDIA, February 22, 2011—In the aftermath of the new normal that we are experiencing in today’s real estate market, it is crucial that real estate professionals take the time to make the most of today’s reality. Now is the time to let the market take care of itself and instead focus your energy on opportunities for growth. In this month’s Power Broker Roundtable, real estate professionals J. Lennox Scott, Rei Mesa and Steve Rodgers discuss what real estate agents should do today in order to find success as we continue through 2011.