Resources For Realtors, Agents and Brokers

What’s the better undergrad major?

Ok, I’ll try and make this short and sweet…

Hey!

A degree in business administration is good if you want to run a business. But it won’t necessary help you become a good investor.

On the other hand, if you want to go into investments/securities, developing a good understanding of economics/ finance is helpful because it’s important for you to able to assess the national and global financial markets and country risk in order to know where, when and how to invest.

Don’t get stuck on which university of the two to apply to. Get into the one that you like the best and are most comfortable with. Either one will serve your needs, because to be a good student, the onus is really on the student to learn and less on the university to teach.

This means that you can go to a top tier university, but do poorly if you don’t study, or you can go to an average university and do very well, because you put in the time and effort.

Your success in school and in your career is really up to you!

Good luck!

718 Tennyson, Denver Real Estate, Fix and Flip Investing, Denver Investment Properties

The Millionaire Real Estate Agent: It’s Not About the Money…It’s About Being the Best You Can Be! $7.21 Whether you are just getting started or a veteran in the business, this is the step-by-step handbook for seeking excellence in your profession and in your life….

Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money–That the Poor and Middle Class Do Not! $2.89 The Bestselling Personal Finance Book of All Time Read the book that started it all, Rich Dad Poor Dad, the New York Times #1 Bestseller that changed how the world views money and investing. When Robert Kiyosaki, successful investor, author, and businessman, first published Rich Dad Poor Dad, he stated, “Your house is not an asset.” The so-called financial experts lambasted him. But today, Robert&…

Property Management Kit For Dummies (Book & CD) $18.54 Thinking about becoming a landlord? Property Management Kit For Dummies, 2nd Edition gives you proven strategies for establishing and maintaining rental properties, be they single family or multi-resident. You’ll see how to prepare and promote your properties, select tenants, handle repairs, avoid costly mistakes and legal snafus — and meet your long-term goals. You’ll learn all the basics of …

How To Acquire The Best Vacation Home As Investment In Miami Beach Real Estate
If you’re thinking about acquiring a vacation home in Florida then you might want to think about bringing your investment to Miami Beach. The city is packed to the brim with quality vacation homes you can acquire as your main accommodation when you plan to visit for some quality fun and relaxation.
Michigan Foreclosures-Metro-Detroit Investment Property- Foreclosure Bus Tour TV

Real Estate Investing Fundamentals, Instructional Video, Show Me How Videos $19.70 REAL ESTATE INVESTING:FUNDAMENTALS – DVD Movie…

How to Skyrocket Your Profits with Distressed and Foreclosure Properties $0.85 Learn over 30 simple techniques to make any property more valuable — and produce even greater profits. You’ll learn how to: ? Make repairs that create value ? Spend the right amount on repairs ? Create satisfied tenants ? Evaluate a property ? Enhance a property’s curb appeal ? And much more…

Long Profits on Short Sales – How to Find and Buy Discounted Real Estate Investment Properties $1,249.00 What is a short sale? In a nutshell, it is lender discounting. More specifically, it is when a lender agrees to discount in order to allow you to purchase the property as an alternative to foreclosure. What does this mean to you, the Investor? You earn ‘Long Profits’ on ‘Short Sales!’ Tony Litster and Gavin McCaleb developed a system for short sales that they discovered could be repeated lik…

Flipping Houses For Dummies $8.99 “This book is designed for realty investors who want to profit from buying below market, making cosmetic improvements to add value, and then quickly reselling. But real estate agents and home buyers should also study it because of the valuable insights offered by a longtime, very successful real estate broker. On my scale of one to 10, this superb book rates an off-the-chart 12.”—Robert Bruss…

The Pre-Foreclosure Property Investor’s Kit: How to Make Money Buying Distressed Real Estate — Before the Public Auction $4.94 Pre-foreclosure real estate is one of the hottest investment opportunities on the market. The Pre-Foreclosure Property Investor?s Kit offers step-by-step instruction and no-nonsense advice on how to find great deals, estimate fair market value, negotiate with sellers, sell your property on your own, and win big in real estate. You?ll learn how to get the best deals on foreclosure properties before…

Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time $12.49 Profit by Investing in Real Estate Tax Liens, the only tax lien book written by a tax lien investor, has been the top-selling tax lien book since its first release in November, 2004.  In this second edition, attorney and tax lien investor Larry Loftis not only teaches how to invest invest in tax liens and tax deeds, he provides insightful, first-hand experience from his purchases around the Un…

How do you estimate what your capital gains tax would be on investment property?

This is a difficult situation. We own a piece of undeveloped land in FL and are considering selling to put a down payment on a house in CA. We have owned it for about 14 years. My husband is military and a FL resident. We currently are stationed in CA and I am a CA resident. The land is a joint tenancy. FL doesn’t have a capital gains tax, but CA does. So I am guessing that we have to split the gain 50/50 and have 50% taxed by the state of CA. We are trying to use an online capital gains tax calculator to figure how much we will have to pay.

If you file a joint CA return, ALL of the gain is subject to CA tax. If you file a separate return, only your half of the gain is taxed. The entire gain is subject to Federal capital gains tax.

The assessment raises your cost basis and therefore will lower the gain.

What the state bought constitutes a sale of part of the property. That was a taxable event when it occurred. You may or may not have taxable gain that needs to be claimed in the year of the sale. It will reduce your basis for the remaining portion of the property as well.

Land is never depreciated. No tax impact with that.

Since the property was held for over one year, the tax rate is 15% unless your marginal rate is 15% or less in which case it would be 5%. (Had you held it for 1 year or less it would be taxed at your marginal rate.) That’s the Federal rate. Not sure what the CA rate is. If I find it, I’ll post more later but it’s late and I’m heading to bed.

That was easy!

My Coach Mentor’s Investment Property Analysis Calculator

Victor 1530-6 Desktop Calculator 10-Digit Fluorescent Two-Color Printing Clock/Calendar Displays $162.99 Victor 1530-6 Desktop Calculator 10-Digit Fluorescent Two-Color Printing Clock/Calendar Displays…

Investment Performance Measurement (Frank J. Fabozzi Series) $72.45 Many investment books include a chapter or two on investment performance measurement or focus on a single aspect, but only one book addresses the breadth of the field. Investment Performance Measurement is a comprehensive guide that covers the subjects of performance and risk calculation, attribution, presentation, and interpretation. This information-packed book covers a wide range of related top…