5202 Summer, Austin, TX 78741 – Crossing Gardenhomes
May 16, 2011 by Matthew Bond · Leave a Comment
Neighborhood: Crossing Gardenhomes 02 MLS Number: 5585691 901 sq ft (per tax record), 2 beds, 1 bath Lot size: 4,748 sq ft (.11 acres)
Beautifully Updated Home! Hardwood Floors, and Hard Tile! Architectural Features and Unique Design! Functional Floorplan feels Larger! Bay Window in Dining w/Sliding Door to your Large Backyard! Master has Separate Entrance to Bath with Oversized Jetted Tub, and Private Sliding Door to Access Patio and Yard! Community Swimming Pool to Cool off and Relax in! Easy Access to Several Highways and still Minutes to Downtown, Lady Bird Lake, and Airport!
Tycoon in the making
April 27, 2011 by Matthew Bond · Leave a Comment
NEW YORK — Malynda Williams didn’t set out to be a real estate tycoon. But the 40-something has managed to acquire four properties over the past three years, and she’s looking for more.
“I started out trying to get something going for after I retire,” Williams said. “I never thought it would be this, but I really love it.”
Her first buy came in October 2008, a vacation home on the Texas Gulf Coast, 225 miles south of her home base in College Station. She and husband John planned to retire there someday.
“My husband used to travel for work in the oil fields,” she said. “We knew it was reasonable to buy a home there, and the people are so friendly.”
They bought a four-bedroom place for $540,000 in Aransas pass near Rockport, a city of 8,000 residents on Aransas Bay.
11304 SHALLOW WATER RD, Austin, TX 78717 – Avery Ranch
April 21, 2011 by Matthew Bond · Leave a Comment
Neighborhood: Avery Ranch Far West Ph 01 Sec 03 MLS Number: 6082982 1,702 sq ft (per tax record), 3 beds, 2 baths Lot size: 4,965 sq ft (.11 acres)
HOME backs to the GREEN BELT! Picture yourself in this beautiful single story some in Avery Ranch. This home features dual sinks in the master and a separate garden tub and Shower. Extensive use of arches throughout the home and lots of Upgrades make this a must see. 2010 Exemplary School rating for the Elementary and Middle School. Vista Ridge High School achieved Recognized status for 2010. Close to parks, shopping, entertainment, and hgwy access.
Foreclosed? The tax man may want his cut
April 17, 2011 by Matthew Bond · Leave a Comment
NEW YORK — Did you lose your house to foreclosure this year? Did your lender forgive some of your mortgage debt because the house sold for less than it the mortgage balance?
If so, you could be facing a big tax hit.
It is IRS policy to tax forgiven debt you are personally responsible for as if it is income. Say, for example, your credit card company settled a $10,000 debt for 50 cents on the dollar. You’d have a debt forgiveness of $5,000, which the IRS would count just like your wages.
The same policy held true for most mortgage debt until 2007, when Congress passed the Mortgage Forgiveness Debt Relief Act.
Confessions of a Property Industry Pioneer
April 10, 2011 by Matthew Bond · Leave a Comment
In 2008, property investment guru and author of The Big Property Lie Rick Otton first introduced his unique investment concepts and systems into the UK from Australia. At the time, they were considered to be revolutionary … some would say contrarian. They certainly challenged the traditional methods of buying and selling property.While many dismissed his innovative ‘rent to own’ method and many traditional lenders seemed unconcerned, Rick was causing a quiet revolution in the industry. And not only has he changed the property investment playing field forever, he’s returning to the UK to reveal his latest ideas and strategies that will shake up the industry and its status quo even further. even in difficult economic times, and even without a deposit.
When starting out in real estate investing, Otton studied the traditional process of buying and selling. “In the process, I found opportunities, and created a series of systems, strategies and processes which meant that literally anyone could buy a property without a bank loan, a mortgage, or any cash to invest whatsoever.” he said.
And the banks, he says, don’t want you to know about these options.
To Interview Rick about The Big Property Lie or to find out more email Amanda Stevens: Amanda@amandastevens.com.au
The Big Property Lie is available as a free download at:
rickotton.co.uk/bigpropertylie/
About Rick Otton
Rick Otton is an original pioneer of creative property strategies. He is founder and CEO of We Buy Houses, a leading property enterprise which operates in the property markets of the United Kingdom, New Zealand, USA and Australia.
In 1991 he uncovered an innovative strategy of buying and selling real estate and went on to amass a portfolio of 76 properties in his first twelve months of active investing.
Since 2001, Rick has taught over 30,000 students to buy, sell and trade residential property without banks, debt or risk. By employing these same strategies many of Rick’s students have made over a million dollars a year in cash and equity, using little or none of their own money, year after year. Rick Otton has also been featured in UK magazine, Your Property Network, Australian Property Investor, Lifestyle Trader Magazines and in the books: The Secrets of Property Millionaires Exposed!, Ideas: Original Perspectives On Life and Business From Leading Thinkers, Think and Grow Rich in Property, Insider Property Secrets, and Walking With The Wise.