Norada Real Estate Investments

Brand New Townhomes – $349/mo Cash Flow – 24 Month Rent Guarantee

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If you are in the know, then you are aware that you MUST buy a piece of property in the GO Zone AND have a renter in place before the end of THIS YEAR (2009). That doesn't leave you much time to find a GO Zone qualified property in an outstanding location with good income potential.

Well, here is the good news! You have a chance to piggy back off of our hard work for the last 2 years working in the GO Zone. We are aware of all the projects that qualify for this amazing benefit and we can say that this project offers the best combination of benefits than any other in the GO Zone, hands down.

  • Positive Cash Flow — $349 per month per unit!
  • Outstanding location directly across from a new $900 Million Town Center (jobs).
  • Completely Turn Key — with a 24 Month Rent Guarantee from the Developer!
  • Invest in one of the best emerging markets in the country.
  • GO Zone qualified for huge tax savings from the 50% Bonus Depreciation.
  • Possibly offset ALL of your Federal income taxes.
  • Appliance package (stove, refrigerator, microwave, dishwasher).
  • Full builder's warranty.
  • Property Management Available
  • Financing Available

Download the free Property Info-Pak here: Slidell, Louisiana Real Estate Investment.

Are Home Prices Stabilizing?

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Investing in Real Estate In A RecessionThe National Association of Realtors just released data showing sales of existing homes jumped 5.1% in February over January's lowest level on record.  In contrast, the national median sales price fell 15.5% to a low of $165,400.

When comparing the national median sales price to household income, we find that prices are 2.9 times that of income.  Two years ago prices were 4.5 times more than household income.

Investors should keep in mind that these are “national” numbers and should only be used to gauge the overall real estate climate and trend.  This will not typically apply to your local real estate market as we know that all real estate is local.

After the 1982-1983 recession, the worst recession since the Great Depression, home prices had rebound during the real estate boom that lasted five years from 1984 to 1989.  Will the current recession be the same?

Not likely!  We are currently dealing with over 9.7 months of housing supply.  It is going to take some time for demand to catch up to this level of supply and a real estate boom will not likely follow.  We are unlikely to see an improvement over the next two quarters, however, we should start to see an increase in demand starting in 2010 along with some nominal appreciation over the few years following.

Should this hold you back from investing today?  Absolutely not.  We are at or near the bottom of the (national) real estate market and there are many opportunities available today.  Along with historically low interest rates, this is a great time to add to your real estate portfolio.

The Ballad of Bernie Madoff

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Although the massive $65 billion Ponzi scheme created by charlatan Bernie Madoff is no laughing matter, I couldn't resist posting this video as it's quite humorous.  Enjoy…

(Video created by Flinch Studio.)

The Credit Crisis Visualized – An 11 Minute Video

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Understanding the credit crisis can be somewhat complex.

This short (11 minute) video explains what the credit crisis is and how it got started.  It's a fun and informative way you will get a quick lesson in the economics and the impact that this economic crisis has from the home owner to the global economy.  Enjoy this animated lesson in modern economics!

(Video created by Jonathan Jarvis.)

New IRS Red Flag – Mortgage Interest

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The IRS has begun targeting individuals with larger mortgage interest deductions in an effort to increase their tax revenues. They are currently sending out audit notices to DC residents as part of their test, but will quickly expand to the rest of the country once their audit systems are in place. If you're a real estate investor you need to be aware of this and plan accordingly.

You must meet three criteria in order to legally take the mortgage interest deductions:

  • You can only deduct the mortgage interest on debt up to $1,000,000. This includes your personal and second residence combined.
  • You can claim an additional $100,000 for a second loan or HELOC. (This is completely disallowed for AMT taxpayers.)
  • You can only deduct the original amount of your indebtedness. In other words, once you pay down your loan your deduction does down and stays down. Even if you refinance, you can only claim the original (lower) amount of your loan before refinancing. This is one item that most people forget or don’t know about.

The IRS may strike gold here. They will want to see where you spent the money from your refinances or new HELOC loans. It would be wise to show that the money was used for home improvements or business purposes.

With the economy in disarray and the federal government hungry for additional tax revenues, it’s more important than ever for you to be on top of the real estate tax law changes. Remember that a good tax advisor can help you achieve your real estate investing goals sooner by avoiding the pitfalls along the way.

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Norada Real Estate Investments 30251 Golden Lantern, Suite E-261 Laguna Niguel, CA 92677

(949) 218-6668
(800) 611-3060
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