Refinance now!

The decision to Refinance, or to not refinance? Are you one of the unfortunate people who took out a mortgage that is now adjusting with payments out of your reach? If so the decision to refinance should be immediately considered. Even with the current turmoil in the sub prime market, there are still feasible options for help. The main factor usually affecting buyers in this scenario is the value of their home. If the home has lost value temporarily since your purchase, or if you put a minimal amount of money down on the home this would be the first factor to consider. For homeowners looking to reduce rates, release equity for home repairs etc, the first of the year might be the best time as far as mortgage options. We expect many banks and lenders who suspended mortgage operations in the current market to be back in the market into the first of the year. We do expect aggressive offers to homeowners who have high credit scores and equity in their homes.Sean DepasqualeFlorida Mortgage Partners, Inc sean@4cornersbusinesscouncil.com

Tax Filing Requirements for U.S. Rental Properties

As we all know, Orlando, Florida is truly the "Vacation Capital of the World." As such, many foreign investors have taken a trip to the Central Florida area with the intent to soaking up some rays from the "Sunshine State" & realizing the dream of foreign property investment by purchasing a vacation villa, townhome or condo. Many though fail to realize that with the purchase of a rental property comes the responsibility of filing tax returns with the proper Federal, State & local taxing authorities. Although this task can seem daunting to the individual, with the proper professional support from a Certified Public Accountant (CPA), which is similar to a Chartered Accountant in the U.K., these issues can be navigated with relative ease. In most cases, it is actually beneficial for non-U.S. residents to file Federal income tax returns since there are many deductions that can be offset against rental income. A few of these are mortgage interest, real estate taxes, business trips to inspect and caretake the home, along with all other running costs of the property. Many times a tax loss is generated that can be carried forward and accumulated over multiple years and used to reduce capital gains taxes on the sale of the property. Feel free to e-mail us with any questions that you may have in regards to these issues at matt@4cornersbusinesscouncil.com

Matthew L. Bell, C.P.A., P.A.
P.O. Box 3466
Lake Wales, FL 33859-3466
863-676-1790

Dan Schlossberg Interviews USA Vacation Homes!

Hundreds of thousands of loyal listeners tuned in to hear of Dan Schlossberg's stay in a vacation home offered by USA Vacation Homes. If you had any doubt that enjoying a quality Orlando vacation rental home from USA Vacation Homes was not the best way to vacation, those doubts were erased after the glowing review from one of the most respected voices in the travel industry: Dan Schlossberg, a travel editor for ConsumerAffairs.com.
Dan Says:
I thoroughly enjoyed two separate stays in houses provided by USA Vacation Homes, once in December and once in May. No hotel room could possibly equal the ambiance of these homes-away-from-home. They were clean and quiet -- elements that are hard to find in the Disney World area -- and had their own private, screened-in pools. Both homes had large kitchens and more than ample sleeping accommodations featuring walk-in closets. In addition, the staff of USA Vacation Homes proved extremely helpful in providing maps, discounted tickets to nearby attractions, and even private time on the office computer to check e.mail messages. An Flamand, owner of the company, was pleasant, personable, and highly polished during a live radio interview I sent back to my 500,000+ listeners in southeastern Connecticut. Although she is a native of Belgium, where French is the primary tongue, An speaks perfect English and is a fine front person for her firm.
The best thing about USA Vacation Homes is that staying there provides far more bang for the buck than staying in a hotel. If space and quiet are of paramount importance, as they are to me, I strongly recommend this company. And space and quiet are hard to find in Orlando.

Posted by Disney World at a Discount at 8:54 PM 0 comments
Labels: Dan Schlossberg, orlando vacation homes, orlando vacation rental homes
Monday, July 16, 2007

Time to buy!

The vacation industry is a major part of the Central Florida Real Estate market.

Many people that come on vacation to the Sunshine State have an interest in learning about investing in real estate. The Disney/Orlando area may be the perfect place to buy.

Whether you may be interested in a retirement home or an investment property Orlando has it all. Many people purchase these homes to use for their own vacation and rent them out for the balance of the year to subsidize their mortgage and operating costs. Central Florida is fantastic due to the close proximity to the attractions, golf, Orlando International Airport, beaches and outstanding shopping and restaurants.

Owning Florida real estate is a fantastic investment. If interested in more information you can find this at pete@4cornersbusinesscouncil.com