rental property, Personal use

Publication 527 (2005), Residential Rental Property Home | Contact IRS | About IRS | Site Map | Español | Help Advanced Search Search Tips IRS Resources Compliance & Enforcement Contact My Local Office e-file Forms and Publications Frequently Asked Questions News Taxpayer Advocacy Where To File Index A Accelerated Cost Recovery System (ACRS):, MACRS (see also Modified Accelerated Cost Recovery System (MACRS)) Effective date, Depreciation Methods Accounting methods: Accrual method, When to report. Cash method, When to report. Change of method, Changing your accounting method. Constructive receipt of income, When to report. Accrual method taxpayers, When to report. ACRS (Accelerated Cost Recovery System): Effective date, Depreciation Methods Active participation, Active participation. Activities not for profit, Not Rented for Profit Additions to property:, Additions or improvements to property. (see also Improvements) Basis, Increases to basis. , Additions or improvements. MACRS recovery period, Additions or improvements to property. Adjusted basis: MACRS depreciation, Adjusted Basis Adjusted gross income (AGI) Modified (see Modified adjusted gross income (MAGI)) Advance rent, Advance rent. Advance rent: Security deposits, Security deposits. Advertising, Other Expenses Allocation of expenses: Change of property to rental use, Property Changed to Rental Use How to divide expenses, How To Divide Expenses Part of property rented, Renting Part of Property , How to divide expenses. Personal use of rental property, Personal use of rental property. , Personal Use of Dwelling Unit (Including Vacation Home) Alternative Depreciation System (ADS): Election of, Election. MACRS, MACRS , Table 4-D. Alternative minimum tax (AMT): Accelerated depreciation methods, Alternative minimum tax. Amended returns, Filing an amended return. Apartments: Basement apartments, Examples Dwelling units, Dwelling unit. Appraisal fees, Settlement fees and other costs. Assessments for maintenance, Assessments for local improvements. Assessments, local (see Local assessments) Assistance (see Tax help) Assumption of mortgage, Assumption of a mortgage. At-risk rules, Limits on Rental Losses Attorneys' fees, Settlement fees and other costs. , Increases to basis. Automobiles: MACRS recovery periods, Recovery Periods Under GDS B Basis: Adjusted basis, Adjusted Basis Assessments for local improvements, Assessments for local improvements. Basis other than cost, Basis Other Than Cost Cost basis, Cost Basis Decreases to, Decreases to basis. Deductions: Capitalization of costs vs., Deducting vs. capitalizing costs. Not greater than basis, No deduction greater than basis. Fair market value, Fair market value. Increases to, Increases to basis. MACRS depreciable basis, Depreciable Basis Property changed to rental use, Basis of Property Changed to Rental Use C Capital expenditures: Deductions vs. effect on basis, Deducting vs. capitalizing costs. Improvements, Improvements. Local benefit taxes, Local benefit taxes. Mortgages, payments to obtain, Expenses paid to obtain a mortgage. Cars: MACRS recovery periods, Recovery Periods Under GDS Cash method taxpayers, When to report. Casualty losses, Casualties and Thefts Change of accounting method, Changing your accounting method. Charitable contributions: Use of property, Donation of use of property. Cleaning and maintenance, Other Expenses Closing costs, Settlement fees and other costs. Comments on publication, Comments and suggestions. Commissions, Other Expenses Computers: MACRS recovery periods, Recovery Periods Under GDS Condominiums, Condominiums and Cooperatives , Dwelling unit. Constructive receipt of income, When to report. Cooperative housing, Cooperative , Dwelling unit. , Cooperative apartments. Cost basis, Cost Basis Credit reports, Settlement fees and other costs. Credits: Residential energy credit before 1986, Decreases to basis. D Days of personal use, Dwelling Unit Used as Home , Figuring Days of Personal Use Days used for repairs and maintenance, Days Used for Repairs and Maintenance Deductions Depreciation (see Depreciation) Passive activity losses (see Passive activity) Deductions:, Rental Expenses (see also Rental expenses) Capitalizing costs vs. effect on basis, Deducting vs. capitalizing costs. How to figure rental deductions, How To Figure Rental Income and Deductions Limitations on, Limit on deductions. , Limits on Rental Losses Property not used as home, Property Not Used as a Home Property used as home, Property Used as a Home Depreciation, Depreciation , Election. Alternative Depreciation System (ADS) (see Modified Accelerated Cost Recovery System (MACRS)) Basis (see Basis) MACRS (see Modified Accelerated Cost Recovery System (MACRS)) Depreciation: Change of accounting method, Changing your accounting method. Change of property to rental use, Property Changed to Rental Use , Personal home changed to rental use. Claiming correct amount of, Claiming the correct amount of depreciation. Declining balance method, Depreciation Methods , Declining Balance Method Duration of property expected to last more than one year, What Property Can be Depreciated Eligible property, What Property Can be Depreciated Excepted property, What Property Can be Depreciated First-year expensing, Section 179 deduction. Methods, Depreciation Methods , MACRS Depreciation Under GDS Ownership of property, What Property Can be Depreciated , Property you own. Placement in service, Property Changed to Rental Use Rental expense, Depreciation. Rented property, Rented property. Section 179 deduction, Section 179 deduction. Straight line method, Depreciation Methods , Straight Line Method Useful life, What Property Can be Depreciated , Property having a determinable useful life. Vacant rental property, Vacant rental property. Discount, bonds and notes issued at (see Original issue discount (OID)) Dividing of expenses (see Allocation of expenses) Dwelling units: Definition, Dwelling unit. Fair rental price, Fair rental price. Personal use of, Personal Use of Dwelling Unit (Including Vacation Home) , Dwelling Unit Used as Home , Figuring Days of Personal Use E Easements, Decreases to basis. Equipment rental expense, Rental of equipment. Expenses (see Rental expenses) F Fair market value (FMV), Fair market value. Fair rental price, Fair rental price. , How To Divide Expenses Fees Points (see Points) Fees: Loan origination fees, Points. , Settlement fees and other costs. Settlement fees and other costs, Settlement fees and other costs. Tax return preparation fees, Other Expenses , Tax return preparation. First-year expensing, Section 179 deduction. Form 1040: Not rented for profit income, Where to report. Part of property rented, Renting Part of Property Rental income and expenses, How To Report Rental Income and Expenses Schedule E, Schedule E (Form 1040) Form 1098: Mortgage interest, Form 1098. Form 4684: Casualties and thefts, How to report. Form 4797: Sales of business property, How to report. Form 8582: Passive activity losses, Limits on passive activity deductions and credits. , Form 8582 not required. Free tax services, How To Get Tax Help G Gains and losses: At-risk rules, At-Risk Rules Casualty and theft losses, Casualties and Thefts Limits on rental losses, Limits on Rental Losses Passive activity losses, Passive Activity Limits Rental real estate activities, Losses From Rental Real Estate Activities Sale of rental property, Sale of rental property. , How to report. General depreciation system (GDS) (see Modified Accelerated Cost Recovery System (MACRS)) H Help (see Tax help) Home Use as rental property (see Use of home) Home: Main home, Main home. I Improvements, , Improvements. Improvements:, (see also Repairs) Assessments for local improvements, Assessments for local improvements. Basis, Increases to basis. , Additions or improvements. Depreciation of rented property, Rented property. MACRS recovery period, Additions or improvements to property. Indian reservation property, Qualified Indian reservation property. Insurance, Other Expenses Insurance: Casualty or theft loss payments, Decreases to basis. Change of property to rental use, Property Changed to Rental Use Fire insurance premiums, cost basis, Settlement fees and other costs. Part of property rented, Renting Part of Property Premiums paid in advance, Insurance premiums paid in advance. Title insurance, cost basis, Settlement fees and other costs. Interest payments:, Interest expense. (see also Mortgages) Loan origination fees, Points. Rental expenses, Other Expenses L Land: Cost basis, Land and buildings. Depreciation, Land. Leases: Cancellation payments, Payment for canceling a lease. Equipment leasing, Rental of equipment. Limits: Passive activity losses and credits, Exception. , Passive Activity Limits Rental expense deductions, Limit on deductions. Rental losses, Limits on Rental Losses Loans: Assumption fees, Settlement fees and other costs. Charges connected with getting or refinancing, cost basis, Settlement fees and other costs. Low or no interest, Loans with low or no interest. Origination fees, Points. Local assessments, Assessments for local improvements. Losses (see Gains and losses) M Material participation, Exception for Real Estate Professionals Minimal rental use exception, Exception for minimal rental use. Missing children, photographs of, Reminder Modified Accelerated Cost Recovery System (MACRS), MACRS , Election. Modified Accelerated Cost Recovery System (MACRS): Additions or improvements to property, Additions or improvements to property. Adjusted basis, Adjusted Basis Alternative Depreciation System (ADS), MACRS , MACRS Depreciation Under ADS Basis other than cost, Basis Other Than Cost Conventions, Conventions Cost basis, Cost Basis Declining balance method, Declining Balance Method Depreciable basis, Depreciable Basis Determination of deduction, MACRS Effective date, Depreciation Methods Excluded property, Excluded property. General Depreciation System (GDS), MACRS , Recovery Periods Under GDS , MACRS Depreciation Under GDS Nonresidential rental property, Recovery Periods Under GDS Personal home changed to rental use, Personal home changed to rental use. Property used in rental activities (Table 3), Table 3. MACRS Recovery Periods for Property Used in Rental Activities Recovery periods, Table 3. MACRS Recovery Periods for Property Used in Rental Activities , 5-, 7-, or 15-year property. Residential rental property, Recovery Periods Under GDS , Residential rental property. Straight line method, Straight Line Method Modified adjusted gross income (MAGI), Modified adjusted gross income. More information (see Tax help) Mortgages, Expenses paid to obtain a mortgage. Mortgages: Assumption of, cost basis, Assumption of a mortgage. Change of property to rental use, Property Changed to Rental Use End of, OID, Loan or mortgage ends. Interest, Interest expense. , Property Changed to Rental Use , Renting Part of Property Mortgage insurance premiums, Settlement fees and other costs. Part of property rented, Renting Part of Property N Nonresidential real property, Recovery Periods Under GDS Not-for-profit activities, Not Rented for Profit O Original issue discount (OID), Points. , Loan or mortgage ends. P Part interest: Expenses, Part interest. Income, Part interest. Passive activity, Limits on Rental Losses Passive activity: Maximum special allowance, Maximum special allowance Personal property: Rental income from, Property or services. Personal use of rental property, Personal Use of Dwelling Unit (Including Vacation Home) , Days Used for Repairs and Maintenance Personal use of rental property:, Property Changed to Rental Use (see also Property changed to rental use) Placed-in-service date, Placed-in-Service Date Points, Other Expenses , Points. , Settlement fees and other costs. Pre-rental expenses, Pre-rental expenses. Principal residence (see Home) Profit, property not rented for, Not Rented for Profit Property changed to rental use, Property Changed to Rental Use Property changed to rental use: Basis, Basis of Property Changed to Rental Use MACRS depreciation, Personal home changed to rental use. Property not used as home: Rental income and deductions, Property Not Used as a Home Property used as home (see Use of home) Publications (see Tax help) R Real estate professionals, Real estate professional. Real estate professionals: Passive activity rules, exception to, Exception for Real Estate Professionals Real estate taxes, Real estate taxes. Real property trades or businesses, Real property trades or businesses. Recordkeeping requirements: Travel and transportation expenses, Travel expenses. , Local transportation expenses. Recovery periods, Recovery Periods Under GDS Rent, Settlement fees and other costs. Rent: Advance rent, Advance rent. Fair price, Fair rental price. Rental expenses, Rental Expenses Rental expenses: Advertising, Other Expenses Allocation between rental and personal uses, How To Divide Expenses Change of property to rental use, Property Changed to Rental Use Cleaning and maintenance, Other Expenses Commissions, Other Expenses Deductions, how to figure, How To Figure Rental Income and Deductions Depreciation, Depreciation. Dwelling unit used as home, Dwelling Unit Used as Home Equipment rental, Rental of equipment. Home, property also used as, Rental of property also used as a home. , Property Used as a Home Improvements, , Improvements. Insurance, Other Expenses , Insurance premiums paid in advance. Interest payments, Other Expenses , Interest expense. Local transportation expenses, Other Expenses , Local transportation expenses. Not used as home, Property Not Used as a Home Part of property rented, Renting Part of Property Points, Other Expenses , Points. Pre-rental expenses, Pre-rental expenses. Rental payments, Other Expenses Repairs, Repairs and Improvements , Repairs. Sale of property, Expenses for rental property sold. Tax return preparation fees, Other Expenses , Tax return preparation. Taxes, Other Expenses Tenant, paid by, Expenses paid by tenant. Travel expenses, Other Expenses Utilities, Other Expenses Vacant rental property, Vacant rental property. Rental income Uncollected rent, Uncollected rent. Rental income: Advance rent, Advance rent. Cancellation of lease payments, Payment for canceling a lease. Dwelling unit used as home, Dwelling Unit Used as Home Figuring, How To Figure Rental Income and Deductions Lease with option to buy, Lease with option to buy. Minimal rental use exception, Exception for minimal rental use. Not rented for profit, Not Rented for Profit Not used as home, Property Not Used as a Home Part interest, Part interest. Property received from tenant, Property or services. Reporting, When to report. , How To Report Rental Income and Expenses Security deposit, Security deposits. Services received from tenant, Property or services. Used as home, Rental of property also used as a home. , Property Used as a Home Rental losses (see Gains and losses) (see Passive activity) Repairs, Repairs and Improvements , Repairs. Repairs:, Repairs and Improvements (see also Improvements) Assessments for maintenance, Assessments for local improvements. Personal use of rental property exception for days used for repairs and maintenance, Days Used for Repairs and Maintenance S Sale of property: Expenses, Expenses for rental property sold. Gain or loss, Sale of rental property. , How to report. Main home, Sale of main home used as rental property. Section 179 deductions, Section 179 deduction. Security deposits, Security deposits. Settlement fees, Settlement fees and other costs. Shared equity financing agreements, Shared equity financing agreement. Spouse: Material participation, Participating spouse. Standard mileage rates, Local transportation expenses. Suggestions for publication, Comments and suggestions. Surveys, Settlement fees and other costs. T Tables and figures: Declining balance depreciation rates, Declining balance rates. Improvements, examples of (Table 1), MACRS optional tables (Table 4–D), Table 4-D. MACRS optional tables (Tables 4–A, 4–B, and 4–C), Tables 4-A, 4-B, and 4-C. MACRS recovery periods for rental activity property (Table 3), Table 3. MACRS Recovery Periods for Property Used in Rental Activities Tax credits: Residential energy credit allowed before 1986, effect on basis, Decreases to basis. Tax help, How To Get Tax Help Tax return preparation fees, Other Expenses , Tax return preparation. Taxes: Deduction of, Other Expenses Local benefit taxes, Local benefit taxes. Real estate taxes, Real estate taxes. Transfer taxes, Settlement fees and other costs. Taxpayer Advocate, Contacting your Taxpayer Advocate. Theft losses, Theft. Title insurance, Settlement fees and other costs. Transfer taxes, Settlement fees and other costs. Travel and transportation expenses: Local transportation expenses, Other Expenses , Local transportation expenses. Recordkeeping, Travel expenses. Rental expenses, Other Expenses Standard mileage rate, Local transportation expenses. TTY/TDD information, How To Get Tax Help U Uncollected rent Income, Uncollected rent. Use of home: Before or after renting, Use as Main Home Before or After Renting Change to rental use, Property Changed to Rental Use , Personal home changed to rental use. Days of personal use, Dwelling Unit Used as Home , Figuring Days of Personal Use Fair rental price, Fair rental price. Minimal rental use exception, Exception for minimal rental use. Passive activity rules exception, Property used as a home. Personal use as dwelling unit, Personal Use of Dwelling Unit (Including Vacation Home) Rental income and deductions, Property Used as a Home Utilities, Other Expenses , Increases to basis. V Vacant rental property, Vacant rental property. Vacation homes: Dividing of expenses, How To Divide Expenses Dwelling unit, Dwelling unit. Fair rental price, Fair rental price. Minimal rental use exception, Exception for minimal rental use. Personal use of, Personal Use of Dwelling Unit (Including Vacation Home) Valuation: Fair market value, Fair market value. Prev Up Home More Online Publications Accessibility | FirstGov.gov | Freedom of Information Act | Important Links | IRS Privacy Policy | U.S. Treasury

Buy Property

Amazon.co.uk: The "Which?" Guide to Buying Property Abroad ("Which?" Consumer Guides): Books BOOK SEARCH BROWSE CATEGORIES SPECIAL OFFERS TOP SELLERS AUDIO BOOKS Paperbacks 3 for £12 NEW & USED TEXTBOOKS HARRY POTTER SELL YOUR BOOKS All Products -Books -Used Books -Collectable Books All Subjects -Art, Architecture & Photography -Audio Cassettes -Audio CDs -Biography -Business, Finance & Law -Children's Books -Comics & Graphic Novels -Computers & Internet -Crime, Thrillers & Mystery -Fiction -Food & Drink -Gay & Lesbian -Health, Family & Lifestyle -History -Home & Garden -Horror -Humour -Mind, Body & Spirit -Music, Stage & Screen -Poetry, Drama & Criticism -Reference & Languages -Religion & Spirituality -Romance -Science & Nature -Science Fiction & Fantasy -Scientific, Technical & Medical -Society, Politics & Philosophy -Sports, Hobbies & Games -Travel & Holiday -Young Adult All Subjects Art, Architecture & Photography Audio Cassettes Audio CDs Biography Business, Finance & Law Children's Books Comics & Graphic Novels Computers & Internet Crime, Thrillers & Mystery Education & Languages Fiction Food & Drink Gay & Lesbian Health, Family & Lifestyle History Home & Garden Horror Humour Mind, Body & Spirit Music, Stage & Screen Poetry, Drama & Criticism Reference Religion & Spirituality Romance Science & Nature Science Fiction & Fantasy Scientific, Technical & Medical Society, Politics & Philosophy Sports, Hobbies & Games Travel & Holiday Young Adult BOOKS INFO At A Glance Reviews Customer Reviews See more by this author E-mail a Friend About This Item Recommendations If you already own this, rate it and improve your recommendations , Not Rated Visit the Music shop X&Y ~ Coldplay Find a huge selection of books at 30% off Become an Associate Join our Associates Programme and make money from your website! The "Which?" Guide to Buying Property Abroad ("Which?" Consumer Guides) Jeremy Davies Publisher: learn how customers can search inside this book. List Price: £10.99 Our Price: £6.26 & eligible for Free UK delivery on orders over £15 with Super Saver Delivery. See details & conditions . You Save: £4.73 (43%) Availability: usually dispatched within 24 hours. 28 Used & New from £6.18 See larger photo Edition: Paperback Get up to 50% off more great New Year, New You titles. More Product Details Perfect Partner Buy The "Which?" Guide to Buying Property Abroad... with A Place in the Sun: Buying Your Dream Home Abroad today! Total List Price: £23.98 Buy Together Today: £15.35 Customers who bought this item also bought: Buying Property Abroad ("Sunday Times" Buying a Property S.) ;Paperback~Ben West The Complete Guide to Buying Property Abroad ;Paperback~Liz Hodgkinson A Place in the Sun: Dream Homes Within Your Reach ;Paperback~Fanny Blake Buying a Property in Eastern Europe 2005 (Red Guides) ;Paperback~Katy Pownall (Editor) Buying a Property: Turkey ;Paperback~John Howell Explore similar items ... Product Details: Paperback 256 pages(March 1, 2004) Publisher: Which? Books Language: English ISBN: 0852029705 Category(ies): Reference , Home & Garden , Travel & Holiday Average Customer Review: | Write a review Amazon.co.uk Sales Rank: 10,285 (Publishers and authors: improve your sales ) sign in to turn on 1-Click™ ordering. 24 New from 6.18 4 used from 7.33 Have one to sell? (We'll set one up for you) View my Wish List . Customers interested in this title may also be interested in: What's this? ( What's this? ) Feedback Which ? Online Latest Credit Check Info Up- to -date credit check guide . Expert assessment, test results, tips and buying advice to help you choose products and services. The premium Internet-only consumer research and advice site. trial.which.co.uk Reviews Synopsis For recreation, retirement, or investment buying property abroad has never been more popular. Over a million British owners now have homes in another country. Unfortunately, buying abroad is fraught with difficulties. Different cultures, languages, currencies and laws make expert advice essential. The Which? Guide to Buying Property Abroad takes an in-depth look at France, Spain, Portugal, Italy, Florida and Greece. The book outlines the sort of property you are likely to encounter, looks at local taxes and how much you'll have to pay, examines local law and how this relates to matters such as inheritance, insurance, liability and land searches, and considers the true cost of holiday homes - assessing estate agents, building societies, euro-mortgages, lawyers, local officials, maintenance charges, utility bills, management fees and the commission charged by letting agencies. Finally, the book looks at the financial and legal implications of long-term residency, with particular reference to retirement, taxation, inheritance and health-care. Customer Reviews Avg. Customer Review: Write an online review and share your thoughts with other shoppers! 20 of 20 people found the following review helpful: The best of the bunch , August 25, 2004 Reviewer: James Parker from Brighton I've been thinking of buying a place abroad as a holiday home and for rental income but wasn't tied to the idea of a particular country. Not knowing anyone who'd done it, I thought I should read up before going any further and had a look in a couple of bookshops. As far as I can see most of the books on buying abroad are either really superficial and normally linked to one of the TV shows, or focus just on one country - which is no good if you're not sure where to buy. This one gives you the best of both worlds - it gives plenty of detail but covers most of the countries you're likely to want to buy in as well. I've now found a lawyer to advise me, and am on my way out to Italy to have a look at places in September Was this review helpful to you? 11 of 11 people found the following review helpful: A useful guide , August 17, 2004 Reviewer: prunella_mortimer_harvey from Manchester I had always wanted to buy a property abroad and a couple of months ago I embarked on a trip to France with the intention of finding a cottage in the countryside (Dordogne). Before going I bought this book- and it proved to be an excellent companion with plenty of useful information - epecially about taxation and banking/finances. I would thoroughly recommend it to everybody Was this review helpful to you? 9 of 9 people found the following review helpful: Buying property abroad- an excellent guide , August 5, 2004 Reviewer: lorenza_ponzoni from Manchester, Manchester United Kingdom The book is an informative practical guide to buying property abroad..it is easy to read,well written and clearly explained. It is packed with essential information- and it even contains details that you would not think you needed until you got there! I would recommend it to anybody who is considering buying property In Europe .... do not attempt anything before you read this book!! Was this review helpful to you? 14 of 15 people found the following review helpful: A MUST HAVE , March 25, 2004 Reviewer: A reader from United Kingdom This book is a very comprehensive guide to buying a house abroad. If you are interesting in this subject you would do much better to buy this than the country specific guides because here you get detailed stuff about all the different country. the overall message of the book is that you can make a success of buying somewhere to live in, use for holidays or rent out but it takes you through all the possible pitfall, and is very readable. Was this review helpful to you? Customers who bought books by Jeremy Davies also bought books by these authors: Fanny Blake Katy Pownall Liz Hodgkinson Ben West John Howell Look for similar books by subject: Browse for Books in: Subjects > Reference > Consumer Guides > Housing & Property Subjects > Reference > Consumer Guides > Publisher > Which? Books Subjects > Travel & Holiday > General Subjects > Reference > Consumer Guides > General Subjects > Travel & Holiday > Speciality Travel > Living & Working Abroad Subjects > Home & Garden > Buying & Developing Property > Property Guides Search for books by subject: Consumer guides & advice Household Management Housing & property for the individual Living & working abroad i.e., each book must be in subject 1 AND subject 2 AND ... Comment on this title I have read this book and I want to review it. I am the author and I want to comment on my book. I am the publisher and I want to comment on this book. Correct errors and omissions in this listing. Where's My Stuff? • track your recent orders • view or change your orders in Your Account Delivery and Returns • see our delivery rates and policies • thinking of returning an item ? (See our Returns Policy ) Need Help? • forgot your password? Click here • redeem or buy a gift certificate • still have questions? Visit our Help Pages Search our shops All Products Books Used Books Collectable Books Electronics & Photo Popular Music Classical Music DVD Rental DVDs Video Software PC & Video Games Software & Games DIY & Tools Garden & Outdoors Kitchen & Home Personal Care Toys Auctions zShops for Text Only Top of Page : The "Which?" Guide to Buying Property Abroad ("Which?" Consumer Guides) International Sites:  United States | Germany | France | Japan | Canada | China Join Associates | Join our staff | About Amazon.co.uk | Help pages | Contact us Our Privacy Notice , Conditions of Use & Sale © 1996-2005, Amazon.com, Inc. and its affiliates

Land Loan , In

LoanUniverse Community - Commercial Land Loan loanuniverse.com Help Search Members Calendar Welcome Guest ( Log In | Register ) LoanUniverse Community Community Forums Loanuniverse Forums Outline ·[ Standard ] · Linear+ Commercial Land Loan , In Miami Florida Track this topic | Email this topic | Print this topic Marnie1065 Dec 6 2005, 08:37 PM Post #1 Summer Intern Group: Members Posts: 1 Joined: 6-December 05 Member No.: 1,029 Hi everybody. I just found this website. I am looking for commercial loans. I have a client that owns 42 acres , it is zoned agriculture. It is a great location , next to a school and subdivision. He is looking to refi at the highest LTV possible. He does plan on building homes in the future or possible selling off individual lots. The land currently has a 2 million loan on it. The value is 6.5 million. He has owned it for 1 yr. It is actually a corporation of 4 and they all have great credit and tons of assets, their worth is in the millions They also want to purchase another piece of land for 12 million. Any ideas? Thanks -- loanuniverse Dec 7 2005, 09:27 AM Post #2 Administrator Group: Admin Posts: 1,089 Joined: 23-September 02 Member No.: 1 Is the $152M per acre value an as is value as agricultural land? Or an speculative value assuming a rezoning? Is it supported by actual sales? If the value can be supported, I am sure someone can be found to lend at least 50%. Depending on the adjusted net worth of the individuals, maybe significantly more. Many lenders are avoiding land right now in my market unless there is an existing relationship with the developer. I know that I would feel uncomfortable recommending a land loan unless the investors are experienced. -- lelting Dec 14 2005, 10:48 PM Post #3 Full-Time Teller Group: Members Posts: 13 Joined: 13-November 05 Member No.: 971 I can help you with the 12 million dollar purchase>I have private investors that will fund at 100 LTV -- LenderBuddy Dec 15 2005, 10:55 AM Post #4 Head-Teller Group: Members Posts: 23 Joined: 11-November 05 From: San Francisco Member No.: 968 If there are crops growing on the land or the land is zoned agricultural then we are talking agricultural land loan and that is a different beast. I haven't worked on one of them in a while but you need to speak with someone who specializes in ag loans. FarmerMac is involved in those transactions and I believe the LTV can go as high as 70%. Good credit and strong financial position are required. Drop me a personal message and I'll forward you the contact information of a guy who specializes in agricultural loans. He can give you all the information you need. -- « Next Oldest · Loanuniverse Forums · Next Newest » 2 User(s) are reading this topic (2 Guests and 0 Anonymous Users) 0 Members: Close Topic Options Track this topic Receive email notification when a reply has been made to this topic and you are not active on the board. Subscribe to this forum Receive email notification when a new topic is posted in this forum and you are not active on the board. Download / Print this Topic Download this topic in different formats or view a printer friendly version. Forum Home Search Help Community Forums |-- Loanuniverse Forums Lo-Fi Version Time is now: 29th December 2005 - 03:39 PM Invision Power Board v2.0.4 © 2005 IPS, Inc.

home equity loan, ask

Shopping for a Home Equity Loan? -- Search: FTC Consumer Alert PDF Version Shopping for a Home Equity Loan? If you decide that the timing’s right for a home equity loan, ask your friends or family for recommendations of lenders. Then, comparison shop . Comparing loan plans will help you get a better deal. Contact several lenders, not just the ones that send you mail, call you, or knock on your door. Talk with banks, savings and loans, credit unions, mortgage companies, and mortgage brokers. Remember, brokers don’t lend money: they help arrange loans. Ask all the lenders you interview to explain the loan plans they have for you. If you don’t understand any loan terms and conditions, ask questions . They could mean higher costs. Knowing just the amount of the monthly payment or the interest rate is not enough. Pay close attention to fees , including: the application or loan processing fee, origination or underwriting fee, lender or funding fee, appraisal fee, document preparation and recording fees, and broker fees which may be quoted as points, origination fees, or interest rate add-on. If points and other fees are added to your loan amount, you’ll pay more to finance them. Also ask for your credit score . Credit scoring is a system creditors use to help determine whether to give you credit. Information about you and your credit experiences – like your bill-paying history, the number and type of accounts you have, late payments, collection actions, outstanding debt, and the age of your accounts — is collected from your credit application and your credit report . Creditors compare this information to the credit performance of consumers with similar profiles. A credit scoring system awards points for each factor that helps predict who is most likely to repay a debt. A total number of points — your credit score — helps predict how creditworthy you are, that is, how likely it is that you will repay a loan and make the payments when they’re due. Negotiate with more than one lender. Don’t be afraid to make lenders and brokers compete for your business by letting them know that you’re shopping for the best deal. Ask each lender to lower the points, fees or the interest rate. And ask each to meet — or beat — the terms of the other lenders. Before you sign, read the loan closing papers carefully . If the loan isn’t what you expected or wanted, don’t sign the loan. Either negotiate changes or walk away. You also generally have the right to cancel the deal for any reason — and without penalty — within three days after signing the loan papers. The lender must return any money you’ve paid to date. Your Credit Report Because your credit report is an important part of many credit scoring systems, it’s very important to make sure it’s accurate before you submit a credit application. To get copies of your report, contact the three major credit reporting agencies: Equifax: (800) 685-1111 Experian (formerly TRW): (888) EXPERIAN (397-3742) Trans Union: (800) 916-8800 These agencies may charge you up to $9.00 for your credit report. To Learn More For more information about shopping for a home equity loan and a glossary of home loan terms, call the FTC’s Consumer Response Center toll-free at 1-877-FTC-HELP (382-4357). Ask for a free copy of Looking for the Best Mortgage: Shop, Compare, Negotiate ; and Home Equity Loans: The Three-Day Cancellation Rule . Or visit us online at ftc.gov . Lender A Lender B Lender C What are the monthly payments? What is the Annual Percentage Rate (APR)? (the cost of credit expressed as a yearly rate; includes the interest rate, points, broker fees, and other credit charges) What is the interest rate? (the cost of borrowing money expressed as a percentage rate) Will the interest rate change? When? How often? By how much? What will you have to pay in points? What will you have to pay in fees? Application or loan processing fee Origination or underwriting fee Lender or funding fee Appraisal fee Document preparation and recording fees Broker fees Other fees Are any of the application fees refundable if you don't get the loan? How many years will you have to repay the loan? Is this an installment loan or a line of credit? Is there a balloon payment? What are the total closing costs? If you use a broker, how will he or she be paid? Does the loan include optional credit insurance? (You don't have to accept optional credit insurance to get your loan.) If you want optional credit insurance, can you pay for it monthly instead of financing the premiums as part of your loan? Did you get a copy of your credit score? Can you afford this loan? The FTC works for the consumer to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop, and avoid them. To file a complaint or to get free information on consumer issues , visit www.ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. The FTC enters Internet, telemarketing, identity theft, and other fraud-related complaints into Consumer Sentinel , a secure, online database available to hundreds of civil and criminal law enforcement agencies in the U.S. and abroad. January 2001

Las Vegas Real Estate

vegasHOMEsearch-Search Homes, Agents and specials. Click Here to search our database of existing homes in Las Vegas, Henderson, North Las Vegas, and the Summerlin area. New Homes Looking for a custom or new home in Nevada? Check out our new homes section and meet the top custom and new home builders in our area. Lenders Visit our Lenders page and find at your fingertips information on mortgage and loan programs. Search local job listings, post your resume, or meet local employers. Click Here Home Improvement Quick find links to anything and everything about homes. Click Here CLICK HERE for the best apartment deals in Las Vegas Click Here Best Rates in Las Vegas with No Points or Origination Fees. Click Here Real Estate School Become a Real Estate Agent in Nevada or transfer your existing license. Click Here Buy a Home Sell a Home Agent List Company List Job Listings Apartments Property Alert Our new " Property Search Engine" will keep you updated on every NEW listing that meets your criteria. Instant updates from the MLS to your e-mail. You will know about homes new to the market before most realtors. School Reports FREE report on any school in the state. Find out if you're looking in the right neighborhood. Each 12-page report can display up to 3 school districts side-by-side for easy comparison. Veterans $1000 Incentives toward all Veteran Financing. Virtual Tours Open 24 hours a day, tour these homes without a Realtor present to ask any annoying questions. New Homes FREE package, info on all the new home communities. Don't miss out on any of the NEW HOMES specials, we keep you informed. FREE List $0 Down, no qualifying homes, owner financing and foreclosure homes. Bad credit, no credit or 1st time buyers, this information will get you into a new home. Veterans $1 down. FREE Video Las Vegas relocation video from Remax Central. Everything you wanted to know about Southern Nevada. Relocation The most complete Las Vegas Relocation Package is now available.. Retire in Las Vegas Find the best adult oriented communities in the valley. Luxury Homes FREE Info on Luxury View, Waterfront and Horse properties, Golf and Gated communities for sale or lease. Show Case of Homes Take a tour of the REMAX "Showcase of Homes." Free Magazine! Get your FREE copy of Homes Illustrated Magazine. FREE Market Analysis Find out how much your current home is worth. This report also includes information on recently sold homes in your neighborhood. SPECIAL : NW Spacious 2 Story with large mature backyard 1870 Sq. Ft. 3 bedrooms and 3 full baths (1 downstairs), plus a downstairs den that could be the 4th bedroom. Beautiful back yard with large palm trees and rose bushes. Open kitchen with picture window to backyard, large island, built-in hutch and menu planning area. Judy Phebus ABR, CRB, CRS, GRI, LTG,SRES Broker/Salesman Priced : $172,000 Judy Phebus Direct: 702.596.1229 Toll Free: 877.595.1229 Fax: 702.873.4214 Email: judye@judyephebus.com 2001 Advanced Internet Marketing , all rights reserved.