Greetings!
Welcome to the first investor edition of the Queen Bee Newsletter. In an effort to encourage success in your real estate endeavors, I have a unique challenge for you. I challenge you to start your 2007 tax return now! Doing your taxes early will help you determine your gains/losses which will in turn help you with financial planning in 2008. Another advantage is that you won't be rushed through your taxes and risk forgetting important tax deductions. Lastly, you'll get better service from your tax planner who will have more time to spend on your return than the person who gets him/her information the week before taxes are due April 14. If you get your taxes done early, please give me a call. Everyone who calls or emails with their taxes done before January 31 gets a $5 Tully's gift card!
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What is a Short Sale? |
A short sale is really a form of pre-foreclosure sale and occurs when the mortgagee agrees to accept less than the loan amount to avoid foreclosure. A negotiated short sale results in a discounted purchase price for the buyer. The buyer would finance the acquisition much the same as in any conventional realty acquisition... but without the luxury of time. Short sales are a great investment, however acquisititon is often a slow process. The MLS does allow agents to run searches on short sale properties. If you'd like more information on short sale properties or would like to be sent short sale listings, please contact me at carrie@carriepierce.net or 425 518 1176.
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1031 TAX DEFERRED EXCHANGE
What types of property qualifies for exchange treatment? |
Did you know that house boats and manufactured homes do not qualify for 1031 exchanges but that a manufacturing warehouse and percentage interests in investment property do qualify? To learn more about what types of properties qualify for exchange treatment click here. |
The Queen Bee Mission Statement
The Queen Bee is a straight up, no non-sense newsletter dedicated to providing you the latest market information as it pertains to real estate investing. There are no attempts sell you on anything and if we ever do you have our full permission to smack us up side the head. We are here to provide truthful and relevant educational material in an effort to help you attain your real estate investing goals.
Sincerely,
Carrie Pierce Carrie Pierce & Associates 4900 Stone Way N
Seattle, WA 98103
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