Investment Property for a

How to Sell an Investment Property for a Loss - eHow.com Clear Instructions on How To Do (just about) Everything Web eHow.com Home Finance & Business Center Real Estate How to Sell an Investment Property for a Loss Selling an investment property for a loss will give you a tax write-off directly against your income. Steps: 1. Calculate your "basis;" this is the base variable used to calculate the gain or loss on the sale of a property. Your original basis is comprised of the property's purchase price plus the buying expenses (non-recurring escrow costs such as title insurance, escrow fees, recording fees, transfer taxes, commission, tax service, deed preparation, credit report, appraisal fee and termite inspection) upon acquisition. 2. Calculate your adjusted basis. The adjusted basis is the original basis plus improvements made to the property while you've owned it. 3. Sell the property. With an all-cash transaction the tax event occurs in the year the property is sold. 4. Calculate depreciation. (According to the I.R.S., every asset has a useable life, and the amount of depreciation is calculated according to the life of a certain asset. Consult with the I.R.S. or an accountant/C.P.A. to determine the correct amount of depreciation you should use.) Use the total amount of depreciation taken on tax returns for the total time the property has been held. 5. Calculate the expenses of the sale. Expenses include real estate agent commission (if any) and any other expenses directly associated with the sale of the property. 6. Add the expenses of the sale to the adjusted cost basis. This is your new adjusted basis. 7. Add the total depreciation to the sales price, and subtract from the new adjusted basis. This is the amount of your loss. 8. Assure yourself of a loss by calculating that the adjusted cost basis of the property plus the expense of sale will be greater than the gross sales price plus all depreciation. 9. File I.R.S. form 4797, Sale of Business Property. Tips: Points are not deducted as a buying expense, but are amortized over the life of the loan. Properties held for investment must have been used for personal use less than 14 days throughout the year. There are other ways to sell investment property, such as through an installment sale or an exchange. Consult a C.P.A or exchange facilitator for assistance. These selling options are complicated and require the assistance of a trained professional. Sometimes a seller will agree to pay a certain number of the borrower's points for obtaining a loan. When a seller pays points for a loan, they are considered to be selling expenses (just like a commission) and can be added to the adjusted cost basis. Warnings: In order to include certain selling costs, such as repairs required to sell the property, these costs have to occur within a specific period of time before the sale to qualify. Check with your accountant or C.P.A. Please Share Your Tips with Us More Resources: Contribute to eHow: Write an eHow Article Suggest a Topic Give Us Feedback on This Article Related eHows: Choose a Real Estate Agent to Sell a House Pay Taxes on Your Rental Home Get Tax-Free Profit From Your Rental Home Sell Mineral Rights Do a Tax-Deferred Exchange on Investment Property Things You'll Need: calculators tax consultants Project Details: Skill Advisory: Moderately Easy New! -- Related eHows: Choose a Real Estate Agent to Sell a House Pay Taxes on Your Rental Home Get Tax-Free Profit From Your Rental Home Sell Mineral Rights Do a Tax-Deferred Exchange on Investment Property Check out Thousands of How-To Solutions in eHow's Centers Automotive Careers & Education Computers & Home Electronics Family & Relationships Finance & Business Food & Entertaining Health Hobbies & Games Holidays & Traditions Home & Garden Personal Care & Style Pets Sports & Fitness Travel How to: --? Web eHow.com Home | Site Map | About Us | How To Books | Link to eHow Subscribe to the eHow of the Day Mailing List : Have the eHow of the Day appear on your My Yahoo! Page: Add the eHow of the Day to your RSS reader: © 1999-2005 eHow, Inc. How things get done. Use of this web site constitutes acceptance of the eHow Terms of Use and Privacy .

Las Vegas Real Estate

Las Vegas Real Estate, Henderson Real Estate, Summerlin Homes Las Vegas Real Estate - Las Vegas Homes Henderson Real Estate • Summerlin Real Estate Green Valley Real Estate • Boulder City Real Estate View Las Vegas Homes for sale, plus Henderson Homes , Boulder City homes , Green Valley Homes , Blue Diamond, North Las Vegas Real Estate and Summerlin Homes as well as these Las Vegas, Nevada communities: Queensridge , Rancho Las Brisas , Siena , Aliante , Rancho Las Palmas , The Promenade , Los Prados , The Lakes , Mountain's Edge , Rhodes Ranch , Southern Highlands , Silverado Ranch , and Nevada Trails . For those who prefer high rise living, there are many different high rise condos in Las Vegas to choose from: Metropolis , Turnberry Place , Panorama Towers , Sky Las Vegas , Park Avenue , Vegas Grand Condos and Residences at the MGM . Henderson communities : Roma Hills , Anthem Country Club , Lake Las Vegas , Seven Hills , MacDonald Highlands , Sun City Anthem , Solera , Sun City MacDonald Ranch . Boulder City communities : Lake Mountain Estates. You'll also find extensive real estate information, Las Vegas community information , free real estate reports , Las Vegas mortgage rates , answers to frequently asked real estate questions and more, you'll find everything about Las Vegas valley real estate here. Las Vegas Hot Buys Featured Properties: Looking for your Las Vegas, Henderson or Summerlin dream house? Las Vegas Buyer-Seller Tips: Information on buying or selling Las Vegas real estate! You can also receive automatic daily e-mail notification as new Las Vegas homes for sale come on the market! Or you can request information about specific Las Vegas properties that you are interested in, including photos, by e-mail as well. Just tell me what you are looking for in a Las Vegas property and I'll do the rest! More than just neon lights. The Las Vegas valley is a wonderful place to live. Residents enjoy no state income tax, beautiful neighborhoods, low unemployment, great parks and recreation. Las Vegas is known as the entertainment capital of the world for good reason. Some of the world's largest resorts are in Las Vegas, featuring world class entertainment, restaurants and shopping. Currently more than 5,000 people a month move to the Las Vegas valley, which includes the cities of Las Vegas , Henderson , Boulder City , North Las Vegas and the master planned communities of Summerlin in Las Vegas and Green Valley in Henderson. For those who prefer a country club atmosphere, Las Vegas, North Las Vegas and Henderson offer several country club and master planned communities . Many active adults are calling Las Vegas home in one of the many Las Vegas retirement communities or Henderson age restricted communities . If you are buying Las Vegas Real Estate , this comprehensive real estate tool gives you direct access to the latest homes for sale in Las Vegas , Henderson, Boulder City, North Las Vegas, Summerlin and Green Valley. Whether its one of the Las Vegas High Rise condos dotting the Las Vegas strip , your first family home or a golf course home , let me be your Prudential Las Vegas real estate guide to finding the Las Vegas real estate , Henderson real estate or new home of your dreams. What is your Home's Value? Allow me figure out how much your Las Vegas home, townhouse or condo is worth in today's fast paced market! Las Vegas Schools : Find the best Las Vegas, Green Valley, Henderson or Summerlin school for your family with my free schools reports. Regardless if you are a first time home buyer or an experienced Las Vegas real estate investor , you'll find useful information about how to select the "right" property for you, making an offer to purchase and everything involved in making an informed real estate decision in the rapidly changing Las Vegas housing market . If you currently own Las Vegas or Henderson real estate and are thinking of placing it for sale, this site contains information about preparing your Las Vegas home for sale, pricing your home or condo appropriately, marketing it effectively, going through the home inspection processes and receiving a comparative market analysis. Explore the Las Vegas valley: Las Vegas Henderson Boulder City North Las Vegas Masterplanned communities: Summerlin Green Valley Las Vegas High Rise Condos: Metropolis Turnberry Place Park Avenue Vegas Grand Condos Park Towers Residences at the MGM The Platinum Panorama Towers Manhattan Turnberry Towers Cielo Vista Soho Las Vegas Lofts 17th and Vine One Las Vegas Boca Raton Sandhurst Allure The Cosmopolitan Summit Liberty Tower Vantage Lofts Urban Village Icon Las Vegas Central The Curve Stanhi Palms Place Hard Rock C2 Lofts Las Ramblas Opus Las Vegas Prime Pinnacle One Juhl French Quarter Trump Parkline Hue Lofts One Queensridge Place Spanish View Towers Las Vegas Golf course homes: Rhodes Ranch Queensridge Canyon Gate Southern Highlands Los Prados Red Rock Country Club Spanish Trail Aliante Silverstone Ranch Henderson Golf course homes: Anthem MacDonald Highlands Lake Las Vegas Las Vegas Condos: Viera Mantova Rhodes Ranch Bella Vita Laguna Palms Luna Di Lusso Terra Bella Garden Terrace Coronado Mira Villa SoldByDesign.com * Internet Real Estate The Las Vegas real estate market is booming. Appreciation in some housing markets is over 30% for 2004! Las Vegas real estate is still in high demand. If you are selling Las Vegas Real Estate , I will suggest the best strategy for preparing your Las Vegas home or condo for sale. My marketing plan includes traditional real estate marketing as well as the latest high tech options, including web marketing on this award winning site and several others, for maximum exposure. Investment in Las Vegas real estate and Henderson real estate has increased significantly as more investors realize the value of owning residential real estate or commercial real estate in Las Vegas or Henderson . Prudential Las Vegas Real Estate - Jacqulyn Richey, your Las Vegas realtor ® selling homes and condos in the entire Las Vegas Valley. Please bookmark this Las Vegas real estate site for future reference! Thanks for visiting my Las Vegas real estate resource. Henderson Nevada Real Estate Here are some of the best net savvy real estate agents available : New Hampshire and Maine Real Estate San Clemente - Orange County Real Estate Charlotte, NC Real Estate Ocala Real Estate Marlton, Willingboro Real Estate Southern New Hampshire Real Estate, Homes Oklahoma - Tulsa Real Estate Naples Real Estate Orlando Real Estate & Homes Milwaukee Real Estate & Realtor Prescott Arizona Real Estate Homes for Sale in Portland Oregon Real Estate in Los Angeles Real Estate Agents Directory Las Vegas Real Estate Sitemap • Las Vegas Real Estate Sitemap 2 • Sitemap 3 Jacqulyn Richey Prudential Americana Group Realtors ® 871 Coronado Center #100 Henderson, Nevada 89052 Business: (702) 493-8033 Fax: (702) 433-2893 Las Vegas Realtor ® Las Vegas Real Estate - Henderson Real Estate - Prudential Real Estate Real Estate information contained in this site deemed reliable but not guaranteed for Las Vegas, Henderson, Summerlin, Green Valley, North Las Vegas, Boulder City ~ Las Vegas Real Estate . This covers MLS Las Vegas commercial real estate or residential homes in Las Vegas, Henderson, Summerlin, North Las Vegas and Green Valley NV. Jacqulyn Richey, a Realtor for Prudential Americana Group Realtors, serves real estate clients looking for homes, condos, lofts, investment properties and high rise condos in Las Vegas, Henderson, Summerlin, Green Valley, North Las Vegas and Boulder City NV. Floor plans and prices for new high rise condos, Las Vegas homes and lofts are subject to change. Las Vegas MLS multiple listing service data is provided by the Greater Las Vegas Association of Realtors and includes Henderson, Summerlin, Green Valley and North Las Vegas. Jacqulyn Richey your Las Vegas Real Estate, Henderson NV Real Estate and Prudential real estate expert. Real Estate Las Vegas You are the 725,424th to my Las Vegas Real Estate website. Web Site Design and Hosting Provided By: Advanced Access © 1998-2005

Real Estate

Livingchoices.com: Real Estate - New Homes, Homes for Sale, Apartment Rentals Welcome to Real Estate Book.com, providing you a comprehensive selection of homes for sale, new home communities, and local information from hundreds of cities across the United States and Canada. Choose a state Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virgin Islands Virginia Washington West Virginia Wisconsin Wyoming Choose a province Alberta British Columbia Manitoba New Brunswick Newfoundland Nova Scotia Ontario Prince Edward Island Click to order the books from your area LivingChoices features homes for sale, apartments and new home communities in over 500 markets, like: Albuquerque, NM Flagstaff, AZ Philadelphia, PA Atlanta, GA Hartford, CT Phoenix, AZ Austin, TX Houston, TX Portland, OR Birmingham, AL Las Vegas, NV Raleigh, NC Boise, ID Little Rock, AR Sacramento, CA Boston, MA Los Angeles, CA San Francisco, CA Charleston, SC Louisville, KY Savannah, GA Charlotte, NC Manchester, NH Seattle, WA Cleveland, OH Miami, FL Spokane, WA Coeur d'Alene, ID Minneapolis, MN St. Louis, MO Colorado Springs, CO Mobile, AL Tampa, FL Dallas, TX Nashville, TN Toronto, ON Denver, CO New York City, NY Tulsa, OK Des Moines, IA Orlando, FL Vancouver, BC Advertisers corner . How to advertise . Distributorships available . Partners . Site Index . About LivingChoices . Privacy Policy Information deemed reliable but not guaranteed. All measurements are approximate. © 2005 Network Communications, Inc. All rights reserved. Equal Housing Opportunity

Real Estate Prices

Hawaii Real Estate Central - Honolulu Board of REALTORS Third Quarter 2005 Median Sales Prices by Area Island of Oahu, State of Hawaii, USA T he Median Prices shown in the chart below are the prices paid for existing residential properties reported sold through our Multiple Listing Service (MLS) system during the stated time period. The columns labeled Change indicate the direction of price change from the prior time period (NC is no change). (Click HERE for the most recent ANNUAL prices.) GEOGRAPHIC AREA SINGLE FAMILY HOMES Change CONDOMINIUMS Change Entire Island $ 615,000 $ 280,000 Metro Oahu (Town) $ 730,000 $ 270,000 Diamond Head $ 930,000 $ 500,000 Hawaii Kai $ 925,000 $ 543,500 Kailua $ 862,000 $ 395,000 Kaneohe $ 690,000 $ 350,000 North Shore $ 880,000 $ 466,500 Central Oahu $ 565,000 $ 280,000 Leeward Coast $ 354,600 $ 160,000 Ewa Plain $ 512,000 $ 270,100 Makakilo $ 587,000 $ 285,000 Waipahu $ 549,500 $ 279,000 Pearl City $ 565,000 $ 242,500 Median Sales Price means the midpoint of sales prices, where half of the sales were at prices above the given amount and half were below. Click OAHU MAP to view the geographical references used above. Honolulu Board of REALTORS 1136 12th Avenue, Suite 200 Honolulu, Hawaii 96816 USA Phone: 808-732-3000 Fax: 808-732-8732 Email: hbradmin@hicentral.com 1995-2005 Honolulu Board of REALTORS. All rights reserved. Information herein deemed reliable but not guaranteed.

Real Estate Investing

Bob Bruss Real Estate Center An Audio Message from Bob Bruss Subscribe to Bob's Weekly e-mail update and get this Free Report: 2005 Realty Tax Tips: 8 Chapters of Tax Savings for Homeowners and Investors First Name: Primary E-mail Address: >> Order Bob’s Special Real Estate Reports only $4.95 each! >> Ask Bob a Real Estate Question >> Subscribe to Bob’s Newsletters NEW REPORT! “Foreclosure and Distress Property Profit Secrets” >> Order Why pay upwards of $300 per hour for real estate legal, tax or investment advice? Bob Bruss, America’s most trusted real estate expert, offers Special Reports on a wide range of real estate topics for less than $5.00 each! Bob’s columns appear in over 150 newspapers across the country, including the Washington Post, Chicago Tribune, Los Angeles Times and San Francisco Chronicle. Bob draws on more than 25 years of real estate writing, teaching and investing to bring you unbiased information that will help you make smart real estate decisions. Click above & get a free 6-month newsletter subscription! Bob's Notebook SIX KEY REAL ESTATE NEGOTIATION TIPS FOR BUYERS, SELLERS Determining other party's motivation paramount to success The year 2005 has been very good for most property owners and realty sales agents. Home sales prices appreciated handsomely in most communities and the sales volume of new and resale homes were near-record. But 2006 promises to be more "normal" as mortgage interest rates slowly rise, resulting in a modest new home construction volume decline with a corresponding residence market value appreciation and sales volume slowing. Having been through many real estate market ups and downs over almost four decades, both as an investor, sales broker, and realty writer, I've learned that success in a slowing real estate market requires paying greater attention to negotiation skills. NEGOTIATE WITH PEOPLE WHO WANT TO NEGOTIATE . As a lifelong student of real estate negotiation techniques, because there is always more to learn, I've discovered it usually is a waste of time to attempt to negotiate with people who are not highly motivated to make a change. Most experienced real estate agents hate the situation when a home seller lists their desirable property for sale with a top price but they really don't have a good motivation for selling. These sellers often have the attitude "If we can get our price, we'll sell. Otherwise, we won't sell." Their homes often take "forever" to sell. But in 2005, many homes sold for above their asking prices because buyers wanted to purchase more than sellers wanted to sell. A strong motivation for many buyers was to beat the long-predicted rise in home mortgage interest rates. The result was a "seller's market" in many communities with more qualified buyers than motivated sellers. However, as the number of residence listings for sale has risen recently and is expected to continue rising in early 2006, especially after the customary holiday 2005 year-end lull in home sales, many real estate economists are predicting a more normal balance of motivated sellers and buyers. The result should put a premium on negotiation skills for home buyers and sellers, as well as their realty agents, to conclude successful sales. HOW TO ACHIEVE A SUCCESSFUL NEGOTIATION . Whatever your role in a home sale, as buyer, seller or realty agent, you can't ask too many questions. Of course, the best negotiators inquire in a friendly manner interjected with compliments. Here are the six key questions to get answered for a successful home sale negotiation: 1. WHY IS THE SELLER SELLING THIS LOVELY HOME? One way or another, successful home buyers and their realty agents need the answer to this key question so the buyer can make a purchase offer which meets the seller's needs (of course, buyers should leave out the word "lovely" if the place is a dump!). As a long-time investor in rental houses, and my personal residences, I always try to tailor my purchase offers to meet the seller's needs (and mine too). For example, several years ago I bought a house from an elderly lady who was retiring. So I offered her 10 percent cash down payment and a 90 percent seller carryback mortgage to provide for her retirement income. When she saw my offer and how much she would receive from my payment each month, she accepted (although the listing agent previously told me she wouldn't carry back any mortgage financing). Another time a listing agent told me the retired sellers of an "el dumpo" house were living in a boarding house and needed cash. As a result, I figured they wanted an all-cash sale so I arranged 100 percent financing at a community bank. The sellers immediately accepted my low purchase price offer for cash. 2. WHAT WAS THE HOME SELLER'S PURCHASE PRICE? Buyers who don't find out the answer to this key question, either from the listing agent or their buyer's agent, are at a severe negotiation disadvantage. Here's why: If the seller purchased the home many years ago for a low purchase price compared to today's market value, that seller has lots of negotiation room. However, if the home seller bought within the last few years for a price not far from today's market value, there isn't much negotiation flexibility. Of course, if the seller has a high-motivation reason for selling, as disclosed by the answer to the first question, even a recent home buyer is often willing to sell in a quick sale for close to the seller's purchase price. Such a situation is an ideal candidate for the buyer to take over payments on the current mortgage with the lender's permission. 3. DOES THE OTHER PARTY HAVE A TIME DEADLINE? This is a question both home buyer and seller should ask of their realty agent. To illustrate, if one party has a job transfer, then purchase or sale of the home can be very important. But if the seller is moving to a retirement residence, time usually isn't so critical. However, if the seller already bought another home and needs to sell the current home to produce the down payment, then closing time is ultra-important. As experienced real estate agents know, the worst home buyers and sellers are those without any time deadlines. Those folks can take forever to make decisions. 4. HAS THE SELLER OBTAINED A PROFESSIONAL HOME INSPECTION REPORT? Today's smartest real estate agents suggest their sellers obtain a professional inspection report at the time of listing the home for sale. Then the seller is fully aware of most home defects and can either have the defect repaired or fully disclose it to prospective buyers, thus averting future lawsuits. Sharp home purchasers, and their buyer's agents, understand this trend. When a buyer is seriously interested in a house, always ask if the seller has already obtained a professional inspection the buyer can review before making a purchase offer. Even if the seller has obtained customary professional inspection reports, smart buyers should always include in their purchase offers a contingency clause for the buyer's approval of their own inspection report obtained at the buyer's expense. Most states now have some form of required seller disclosure statement revealing known home defects. However, many sellers are not aware of all their home's defects, or they might "forget" to disclose a defect. The old days of "caveat emptor" (let the buyer beware) have disappeared. Today, the new rule seems to be "let the home seller beware of the buyer and his lawyer." 5. WHAT IS THE BUYER'S MOTIVATION TO PURCHASE MY HOME? Just as home buyers need to know the seller's reason for selling, to create a harmonious negotiation situation, home sellers should ask why the buyer wants to purchase. Of course, there are many home purchase reasons. However, if the buyer has indicated a key reason why that particular house is under consideration, such as its great condition, outstanding school district, or need to move in quickly, the seller can use that information to enhance their negotiation position. 6. ASK AN OPEN-ENDED QUESTION, SUCH AS WHAT ADDITIONAL INFORMATION SHOULD I KNOW BEFORE MAKING A DECISION? There are many variations of this question home sellers and buyers can ask, especially of their real estate agents. To illustrate, a home buyer might ask their buyer's agent "What else should I know about this house?" Or the seller might ask their listing agent "If you were in my situation, would you accept or counteroffer the buyer's purchase offer?" SUMMARY : When negotiating a home sale, sellers and buyers can't ask too many questions to enhance their negotiation position. The prime reason is to determine how motivated the other party is to buy or sell. If there is weak motivation, you aren't in a strong negotiation situation. However, if the other party is highly motivated, then you are in a strong circumstance to negotiate your strongest price and terms. More details are in my special report, "How to Become a Super-Successful Real Estate Negotiator," available for $5 from Robert Bruss, 251 Park Road, Burlingame, CA 94010 or by credit card at 1-800-736-1736 or instant Internet PDF delivery at www.bobbruss.com . Back to top © 2005 Inman News Home | Real Estate Reports | Real Estate Newsletter | About Bob Bruss | Site Map