REO Professionals

Welcome to the Groupsite for those who KNOW REO

Jason Donn
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  • Fort Lauderdale
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At 10:57am on March 1, 2009, William B. Hood said…
There are 1031 Tax Deferral Strategies that can help an investor purchase discounted valuable REOs and also take advantage of discounted non-performing loans. They can structure the purchase of the notes now; and acquisition of the underlying property and buy themselves enough time to sell their relinquished property.

In addition, an investor that is holding a non-performing property may be able to mitigate tax consequences due to COD (recourse and non-recourse debt) with 1031 Tax Deferral Strategies.

Also, there are 1031 Tax Deferred Exchange Strategies utilizing "Seller Financing" that can help the investor defer much or ALL of the taxes on the sale of the relinquished property.
At 7:57am on December 9, 2008, David Nesline said…
Jason,
Do you have any suggestions for me on who to contact regarding property maintenance contracts? I am a service provider, located in southeast FL.
Thank you - David Nesline
At 11:53am on June 2, 2008, Jim Storm said…
Jason, thanks for adding me to your list. When you have time I'd like to understand what you are doing. As is the case these days we might be able to help each other achieve our common goals. $$$ By the way I created a blog similar to yours using the same template. My blog is entitled "The Foreclosure Syndrome". I haven't published anything yet, but coming soon. Let me know when you have time to talk.

Jim Storm

Profile Information

Industry:
Real Estate
Occupation:
Realtor
Company:
AllStar Realty
City
Fort Lauderdale
State
Florida
About Me:
Realtor, Investor, Online Real Estate

Any Real Estate Professional should join www.realestateopennetworkers.com
Website:
http://realestateopennetworkers.com

Jason Donn's Blog

Jason Donn

Governor Crist Encourages First-Time Home Buyers to Use Federal $8,000 Tax Credit

TALLAHASSEE, Fla. /Florida Newswire/ -– Governor Charlie Crist today met with Florida REALTORS® to discuss Florida’s housing market. Governor Crist encouraged first-time home buyers to take advantage of the tax credit made available through the federal American Recovery and Reinvestment Act of 2009. The $8,000 tax credit applies to primary residences as long as they are purchased before December 1, 2009.

“Even though today is Tax Day, first-time Florida home buyers can still claim the tax savin… Continue

Posted on April 19, 2009 at 11:35pm —

Jason Donn

Generation Y: Bullish on U.S. Housing Market

First major national housing survey during current downturn reveals surprising results

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--The first major survey into Generation Y’s perception of the U.S. housing crisis reveals a surprisingly strong sense of optimism about the future despite cautious near-term sentiment.

While the housing industry is readying for this wave of future homeowners (approximately 80 million strong), there is little data on what this influential buying group actua… Continue

Posted on April 14, 2009 at 1:38pm —

Jason Donn

A shadow lurks in the housing market

This is scary. The San Francisco Chronicle reports that lenders are sitting on hundreds of thousands of foreclosed homes that haven’t even been listed yet. If this “shadow inventory” hits the market, we’ll have a new definition of bottomless pit.

From the article:

“We believe there are in the neighborhood of 600,000 properties nationwide that banks have repossessed but not put on the market,” said Rick Sharga, vice president of RealtyTrac, which compiles nationwide statistics on foreclosures.… Continue

Posted on April 8, 2009 at 11:30pm —

 
 

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