http://dkteleseminars.com Insights & Observations You Can Use to Make and Save Money Tue, 29 Nov 2011 09:46:38 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Diane Kennedy, CPA and Best-Selling Author of Loopholes of the Rich, Real Estate Loopholes and Tax Loopholes for eBay Sellers, Shares Insights & Observations You Can Use to Make and Save Money Today Diane Kennedy, CPA Speaks Out clean Diane Kennedy, CPA Speaks Out dkpodcast@gmail.com dkpodcast@gmail.com (Diane Kennedy, CPA Speaks Out) 2009 Insights & Observations You Can Use to Make and Save Money diane kennedy, cpa, taxes, audit, invest, investment, tax savings, tax strategy http://dkteleseminars.com/wp-content/plugins/podpress/images/dklogo-sm.jpg http://dkteleseminars.com/category/real-estate/ http://dkteleseminars.com/tax-issues-dumping-real-estate/ http://dkteleseminars.com/tax-issues-dumping-real-estate/#comments Sun, 25 Oct 2009 17:37:55 +0000 admin http://dkteleseminars.com/?p=80 http://dkteleseminars.com/tax-issues-dumping-real-estate/feed/ 0 foreclosure,loan modification,Real Estate,short sale,tax issues Millions of US real estate investors and homeowners are walking away from bad real estate. Unfortunately, the tax man is watching and that could mean thousands, maybe tens of thousands of dollars in tax if you're not careful. Millions of US real estate investors and homeowners are walking away from bad real estate. Unfortunately, the tax man is watching and that could mean thousands, maybe tens of thousands of dollars in tax if you're not careful. Don't assume that there is no tax issue with foreclosure, deed-in-lieu of foreclosure, short sale or loan modification. No matter what type of property you have, there is likely taxable income. If that's the case, you need quick strategies to make sure you don't pay a dime more in taxes than you are supposed to. This teleseminar is one you don't want to miss! Tax Issues to Dumping Real Estate - Only $4.95 - 27 Min MP3 (http://dkteleseminars.com/images/clicktoorder.gif) Listen to the first 5 minutes free... Diane Kennedy, CPA Speaks Out clean 4:57 http://dkteleseminars.com/home-mortgage-update-with-joe-white/ http://dkteleseminars.com/home-mortgage-update-with-joe-white/#comments Mon, 18 May 2009 16:48:23 +0000 admin http://dkteleseminars.com/?p=70 http://dkteleseminars.com/home-mortgage-update-with-joe-white/feed/ 0 home loan,home mortgage,joe white Most of us have never seen economic times like this for real estate. Prices have plummeted in many markets, creating great buying opportunities. But at the same time, the credit is gone or at least dramatically changed. Most of us have never seen economic times like this for real estate.  Prices have plummeted in many markets, creating great buying opportunities.  But at the same time, the credit is gone or at least dramatically changed.  Where can you get money in today’s real estate market? Loans for Residential Property in Today’s Credit World You can count on a requirement of at least 10% down for the purchase of your principal residence.  If you’re buying investment property, you’ll probably need to come up with 15 - 20% down. Credit scores (FICO scores) are more important than ever before. Figure on needing at least a 750 score to get the good loans. The "stated income" loans are days gone by are gone now.  Everything requires a "full doc" loan, meaning you’ll have to provide copies of your tax returns plus financial statements.  It doesn’t mean that a self-employed person can’t get a loan, however.  You just need to make sure the mortgage broker you’re working with has a lot of experience. Getting a Loan if You’re Self-employed There are three steps for getting a loan if you’re self-employed: * Get the right mortgage broker.  Ideally find someone who has been in business since at least 1998.  That was the last time that we went through a credit market even somewhat like this. * Calculate all the "add backs" to determine true net income from your business.  Some common examples of add backs include depreciation, health insurance, travel and auto expense. * Have your mortgage broker prepare a LOX (letter of explanation) to accompany your application.  This letter explains your add backs. Get Mortgate Update TeleSeminar - Only $4.95 - 59 Min MP3 (http://dkteleseminars.com/images/clicktoorder.gif) Listen to the first 7 minutes free... Diane Kennedy, CPA Speaks Out clean 7:09