Personal Finance Blog - Spreading Financial Independence. Guest Bloggers Are Welcome

Guest Bloggers Are Welcome

Due Diligence - Two Step Check List - Escrow and Equity Source

By: Richard Sorrentino Real Estate Views: 2936 | Comments: 0 | Votes: 0

What if you discovered a simple list that you can use to begin preliminary due diligence? Here is our two step check list to use for a commercial property acquisition Escrow and the Equity Source. It is part of a series of articles provided to track your progress from Market Analysis to close of transaction. Purchase and sale agreement received by escrow. yes or no 2. 2. . . More

How much Tax Credit can I receive?

By: Sanda Hnatjuk-Bahic Real Estate Views: 3085 | Comments: 1 | Votes: 1

How much Tax Credit can I receive? · A State of California tax credit of 5% of the sale price, up to $10,000, is now being offered to qualifying people purchasing newly constructed, previously unoccupied homes. · A Federal tax credit of 10% of the sale price, up to $8,000, is now being offered to qualifying first-time homebuyers. Does how much I earn affect my qualifications? More

Revised Form I-9 Required

By: Matthew Barrett Payroll Views: 3161 | Comments: 0 | Votes: 0

Prior versions of the form will no longer be acceptable for use when verifying new employees’ identity and authorization to work in the United States. Employers are not required to complete the new form for any existing employees, except when re-verifying expiring work authorization documents. Feel free to call me directly at 585-218-6058 if you have any questions. More

Don’t Risk an IRA Rollover Mistake

By: Ugen Peden Financial Planning Views: 3591 | Comments: 0 | Votes: 0

People who are laid off or entering retirement often find that a former employer’s retirement plan can be an unwelcome place to keep their money. Layoff notices are often followed with a deadline to withdraw retirement assets from the company plan because the employer is no longer willing to bear the cost. You might decide to spend all or part of the money. More

Do I Need Disability Income Insurance?

By: Ugen Peden Financial Planning Views: 3007 | Comments: 0 | Votes: 0

Although most of us are aware of the need for health insurance coverage when determining our risk-management needs, many of us fail to consider the possibility that we could become disabled. A disability income insurance policy can help replace income lost because of an injury or illness. Without the appropriate coverage, a disability could spell financial disaster. More

Estate Planning Dilemma

By: Ugen Peden Financial Planning Views: 3472 | Comments: 0 | Votes: 0

How Will I Pay Estate Taxes?Estate taxes. It’s not enough to simply know they exist, and to know strategies to minimize them. When it comes down to it, you need to plan how you and your family will eventually pay them.The Estate Tax DilemmaEstate taxes are generally due nine months after the date of death. And they are due in cash. First, your current savings and investments. More

Commercial Lending/Line of Credit Programs

By: Alan D. Fisher Commercial Lending Views: 2676 | Comments: 0 | Votes: 0

-Assisted living facilities/Skilled care/Nursing homes-Apartment buildings/complexes(refinancing, constructions, and purchase). The bigger the better.-Multi-family developments (think town homes) that are rental properties or construction. Retirement funds (401ks, pensions, etc), do not qualify for this program. No principal amortization or loan prepayment. More

Citigroup - A Bargain?

By: Mark Goldman Investments Views: 3511 | Comments: 0 | Votes: 1

I have been wondering why no one bought Citigroup. In 2007, the company stock was supposed to be worth about $850B. There are about 5.5B shares outstanding. So, when the price went below $1.00, it might have been a great bargain for an astute entrepreneur. Would the stock move up with new management? More

Tax Credit for Homebuyers

By: Sanda Hnatjuk-Bahic Real Estate Views: 2635 | Comments: 0 | Votes: 0

The tax credit starts phasing out for couples with incomes above $150,000 and single filers with incomes above $75,000. Buyers will have to repay the credit if they sell their homes within three years. Tax Credit Versus Tax Deduction It’s important to remember that the $8,000 tax credit is just that… a tax credit. Dividing $10,000 by $20,000 yields 0.5. More

Southern California home prices fall, affordability returns to normal

By: Sanda Hnatjuk-Bahic Real Estate Views: 4096 | Comments: 0 | Votes: 0

From the Los Angeles Times Southern California home prices fall, affordability returns to normal January's median sales price falls 40% from a year earlier, to $250,000. As the Southland's bubble continues to deflate, the ratio of price to income has returned to historical levels, analysts say. By Peter Y. "It's bubble psychology. More