Creating Wealth Through Real Estate

A top local economist is telling commercial property execs to expect an increase in corporate transfers to North Texas as the U.S. economy recovers. “Now is the time to be selling Texas,” Bernard Weinstein, director of the Center for Economic Development and Research at the University of North Texas, told members of the National Association of Industrial and Office Properties at a Wednesday breakfast. “More and more companies are going to be looking for a Sunbelt location. “This is where you want to be when the economy turns.” That probably won’t happen until mid 2010 or later, according to Dr. Weinstein. And along the way, Texas will suffer some downsizing. “Sure, job growth has slowed here,” he said. ‘We may even get into negative territory some months. “Yes, we are going to see a slowdown here, but it’s not going to be blood running in the streets as in some areas.” After more than 30 years in the area, Dr. Weinstein has seen his share of bull and bear economies. And North Texas has continued to add population and jobs. “Texas always benefits from a national recession,” he said. “We get a lot of economic refugees with good skill sets. “Even if they can’t get a job right away, the prospects are better here.” Dr. Weinstein said his calendar has been more full with the recent financial market crash and worsening U.S. economy.

My partner and I have business out of state and will be out of town several weeks this month. The Thansgiving Holiday is also on Thursday, which is the same day as our radio show, therefore, we will be taking a few weeks off from the show.

"Creating Wealth Through Real Estate" is aired live each Thursday at 11 am Pacific time and you may also here previous shows via our podcast. Please go to our website www.nationwidepropertyinvestments.com/radioshow for access to the live show or podcasts.

We will keep you updated as to when the show will resume, most likely right after the Holidays. Best wishes to all and enjoy the Holiday festivities with your families!

We are looking for official sponsors for our live radio show "Creating Wealth Through Real Estate". The show educates and informs the public on a variety of topics which relate to real estate and real estate investing. It includes retirement planning, tax planning, buying and selling techniques, and much more. We have regular guest speakers who are some of the sharpest minds in real estate.

The sponsorship would include internet advertising on both our website as well as the radio station website (the largest internet traffic commercial website in the area), commercials each week on the show, guest speakers each month, and much more.

Please contact us for details and additional information on this limited opportunity. Only one sponsor for each area of business (one realtor, one accountant, etc.) Call us at 800-469-2260 or email us at info@nationwidepropertyinvestments.com

Several homes are now empty because of foreclosures. The vacated houses sit inside a northwest Las Vegas ZIP code that has more than 1,500 foreclosures.

"We knew who our neighbors were," Soudbakhsh said. "Now, we don't even know who's next to us."

Against that backdrop Wednesday, Senate Majority Leader Harry Reid talked up the new Neighborhood Stabilization Program, which provides money aimed at getting people into empty, foreclosed homes so that the properties don't continue to bring down their neighborhoods.

He was joined by Las Vegas Mayor Oscar Goodman, Las Vegas City Councilman Steve Ross and Phyllis Hargrove from the U.S. Department of Housing and Urban Development.

The $3.92 billion Neighborhood Stabilization Program is part of recently passed federal housing legislation. Nevada is in line to receive $72 million targeted at foreclosed and abandoned properties, including $22.8 million for Clark County and $14.8 million for the city of Las Vegas.

North Las Vegas has $6.8 million coming, and Henderson will have $3.2 million.

The funds can be used to buy property, demolish or rehabilitate properties, and offer help with down payments and closing costs for low- to moderate-income home buyers.

"Plans for the funds are due Dec. 1, and the money is expected to be available in mid-January, Goodman said.

From the Las Vegas news journal October 08'

This report illustrates one of many reasons why we have positioned ourselves inside the Las Vegas Real Estate Market. It has been depressed and depreciated and is now poised for savvy investors to take advantage of the incredible buying opportunities. While buying REO's from the banks through a Realtor may seem like a great deal, we are blowing those out of the water with our deals. Pick your price, pick your sq. footage, pick your neighborhood, and we will get it for you at prices unmatched by any Realtor in the area with our buying power. All this at no cost to you, and as important, you get our entire team of professionals and services for as long as you own the property!

Take Advantage of Our 1 on 1 Mentoring

                                & Consulting Program 

There are many lessons about real estate investing you simply can’t learn from a book, tape series or seminar.  Not to mention conditions are changing rapidly all across the country as well as new laws and regulations.

 

If you lack direction, need assistance or hand-holding through real estate investing opportunities, let NPI, LLC help you every step of the way so that you avoid the many potential mistakes & pitfalls.

 

Maybe you’re a new investor who has gone to a real estate event leaving all excited and ready to go only to come home & find yourself frustrated because you now seem to have more questions then answers and are confused all over again.  Or maybe you’re a seasoned investor that needs some additional help or want to explore more advanced strategies.  Either way our job is to keep you accountable and give you the tools to succeed!!

 

If you want to achieve rapid results, we should be working together.  We’ll identify your strengths, discuss your goals and work together on a game plan to reach them, and keep you accountable along the way.  All this for a very affordable price.   

 

We can help you with many strategies. 

 

Your first consultation is free so call us today and let us help you become a success and reach the goals of your dreams. 

 

800-469-2260 / email: info@nationwidepropertyinvestments.com

 The Housing and Economic Recovery Act was recently signed into law by President Bush.

The main focus of the bill was to help those in foreclosure and to bail out mortgage giants Freddie Mac and Fannie Mae.

They also added something to help collect more tax dollars from homeowners. Although it has nothing to do with solving the housing crisis this new change will affect owners that own second homes.

Currently, when a homeowner sells their primary residence they can escape taxation on the first $500,000 of their profit (married joint-filers) or $250,000 (single filers) if they lived in their primary residence for 2 out 5 years.

Under the old law, a homeowner could also claim the exclusion even on an investment property or vacation home if they turned it into their primary residence and lived there 2 out of 5 years.

Property owners in markets with high appreciation rates could sell their principal residences for a hefty profit pocketing the first $250,000 or $500,000 tax-free and then move into their investment property or vacation home for a couple of years and repeat the process.

As of January 1^st, 2009 that is no longer possible. The new law will distinguish between “nonqualified” periods of rental or investment use and “qualified” periods of principal residence use.

Here’s an example: If you bought the house in 2009 and owned it for 10 years but lived in it as your primary residence for just two years, only two-tenths of the gain would be tax-free. They would take the total gain in property value and in this case divide it by 10 (ten years). You would then be taxed on the 8 year portion it was a rental, and not be taxed for the two year portion that you lived in it. Under this new law, that is now 8 years of tax you would not have had to pay under the old law.

If you are planning to sell your primary residence and collect the tax-free gains, and move into another property you own, then you may want to think about doing it before January 1^st 2009 when the new law takes affect.

William Barnard - Managing Partner, Nationwide Property Investments, LLC