SF Invest and Commercial RE

Information Courtesy of RASE (Realtor Association of the Sioux Empire)

June 2008

New listings down 5.1% from a year ago and down 7.2% from 2 years ago

Pending Sales down 7.4% from a year ago and down 8.6% from 2 years ago

Closed sales down 8.9% from last year and 5.1% from 2 years ago

Average days on market 107 up 20.5 days from last year and 48.2 days from 2 years ago

Median Sales Price $135,000

- Down 6.6% from last year but even with the market from 2 years prior

Average Sales Price $157,945

- down 6.2% from last year but up 1.1% from 2 years ago

Sales price compared to origional list price = 96.3%

- down .6% from the last two years

Mortgage Rate Average 6.9%

James Johnson - Fw: Bad day
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http://s35.photobucket.com/albums/d184/gysM715/?action=view&current=camera21.flv

You thought you were having a bad monday - check this out!  It will make you feel much better about your current predicament.  Definetly brighten your day.

Remember heads up!  and Watch out! OOPS!!!

I feel sorry for this guy.  This was not ment to offend anyone, just some light humor, and thankful you are not this guy.

Cost Segregation
HUNDREDS OF THOUSANDS in tax savings you would normally wait years to realize can be realized TODAY!   In one sentence, that summarizes what cost segregation does for a property.  Cost segregation uses highly complex engineering methods to achieve the simple objective of pulling cash out of your property.  This is fully endorsed by the IRS.  One needs only to work with your own CPA to ensure it
maximizes your tax benefit

 Definition: (per Wikipedia.com)

Under United States tax laws and accounting rules, cost segregation is the process of identifying personal property assets that are grouped with real property assets, and separating out personal assets for tax reporting purposes. A cost segregation study identifies and reclassifies personal property assets to shorten the depreciation time for taxation purposes, which reduces current income tax obligations. Personal property assets include a building's non-structural elements, exterior land improvements and indirect construction costs. 

SO any of you out there that own investment property or are looking into investment property for clients need to look into cost segregation and save your clients thousands, which will in turn bring you new business.

If your accountant has not heard of cost segregation - or bifurcation of depreciation - you need to find another accountant!

Have you guys heard about this free tax service - I am just looking into it and wondering if anyone has had good or negative feedback on the service and if it brings more business

I am looking for creative ways to prospect and wondring if this is worth my time - I am a believer internet presence and think this sounds like a good idea

any thoughts

Top 10 Reasons - Benefits of Investment Property over Stocks:

•1.      Leverage - mortgage allows to by more property for the money

•2.      Cash Flow - money left over after expenses and loan payments

•3.      Principal Reduction - tenants pay down your mortgage

•4.      Income tax savings - due to IRS rules, depreciation allows for income to be tax sheltered

•5.      Appreciation - over time the property increases in value

•6.      Insurance - you insure your property against catastrophic events

•7.      Local - can drive by your property to look in on in whenever you want

•8.      1031 Exchanges - deferring capitol gains when sell to roll into a purchase of something bigger

•9.      Can buy investment property with your IRA - still taking advantage of the tax benefits

•10.  Add value - simple updates, or an increase in the rent will increase the value of your property