Showing posts with label Real. Show all posts
Showing posts with label Real. Show all posts

Monday, August 13, 2012

Senior Citizen In Need Of Stair Chair Lift - Is Medicare The Only Real Choice?

Stairlifts for senior citizens have turned into a hot topic these days. 3 factors. First, home sweet home. Just who wants to move out of their house, even if they've trouble navigating the stairs?! Next, there are huge numbers of seniors retiring each year, far more than before. Lastly, a lot of US home owners are trapped in their own houses, possibly because of their home mortgages under water, or unable to obtain funding for a brand new home.

Might your stairway lift be insured by Medicare health insurance? Stairlift price is not all that modest, it can cost as much as ,000 or more depending on your house. Therefore the question about stair lifts Medicare coverage makes much sense.

Of course, you might have really been having to pay in to the Medicare system your entire working life, you ought to be permitted to your payout as well. The truth is, there is certainly no published record that says that Medicare won't pay for your stairlift.

In terms of Medicare stair lifts for seniors, there are many caveats and road blocks on the way of finding as much coverage from Medicare health insurance as you possibly can. They're: Medical need, locating the right Medicare accredited provider of stair lifts, navigating the Medicare documents, persistance, and paying attention to for any possible alterations in Medicare program.

Health Need - Ensure You Get Your Medical Practitioner's Written Request To Insurance (Medicare) For The Stairlift

To enable you to be eligible for a a stairlift paid by Medicare insurance, you absolutely want to have a healthcare practitioner's written notice to Medicare asking for approval for repayment. It really is a type of an insurance claim. It is going to be very good to create the outline of your circumstance in your home for your physician so they can have a better notion as of the reasons why a stairlift will likely be the most advantageous. Medicare will almost certainly need to be sure that nothing else much less costly option is going to be sufficient to ensure movability.

Locating The Medicare Recognized Supplier Of Stairlifts

Medicare will exclusively work with the stairlift distributors which agree to the Medicare insurance schedule, either on an continuing basis, or on the case-by-case basis. Ensure that the stairlift company you select will be alright with the Medicare schedule. This is called a Medicare participating service provider.

Keeping Up With the Medicare Paperwork

From the initial gathering up of the supporting docs for the case, to the potential first denial letters, to your conversations with doctors and stairlift providers, keep comprehensive paperwork of all conversations, including the phone calls.


It is most likely that the initial Medicare insurance claim for home stairlift is going to be turned down. Tenaciousness pays in such a case. Examine any given reasons for the rejection and reapply with further documents, as reasonable.

Potential Adjustments Inside The Medicare Program

If you are in a need of a stairlift, at this time may be the ideal time to get it if you are signed up for Medicare insurance. However, the Medicare benefits are in danger of being decreased within the USA, which might affect your prospects of obtaining the maximal Medicare reimbursement on your stairlift. So be on a lookout for modifications within the Medicare law, and respond swiftly.

Friday, August 3, 2012

Tax Saving Strategy for Real Estate Agent Accountant Mississauga

Tax Savings Strategy for Real Estate Agents Accountant Mississauga

This article discusses a unique tax saving strategy for real estate agents. If you are a real estate agent, then it is very important that you read this article.

As a real estate agent in the top income tax bracket in the province of Ontario, you are paying tax at a rate of 46.4%. Now, wouldn't it be nice if you could incorporate and pay tax at a rate of only 16.5%?

"16.5% is the corporate income tax rate for small business corporations in Canada. Unfortunately, the Real Estate Council of Ontario (RECO) does not permit real estate agents to incorporate," says Allan Madan, Accountant Mississauga, Toronto, Canada.

So how do we solve this dilemma? It involves a series of steps, including the use of a management company. This article will walk you through those steps.

Create a New Corporation - Tax Savings Strategy for Real Estate Agents Accountant Mississauga

Step 1 Create a New Corporation Tax Savings Strategy for Real Estate Agents

The first step entails creating a new corporation that is owned by your spouse. The new corporation will perform managerial services including marketing, administration, accounting and other functions on behalf of you, the real estate agent.

The new corporation will charge a fee to you for performing managerial services.

Determine Expenses to Charge

Step 2 Determine Expenses to Charge Tax Savings Strategy for Real Estate Agents

The second step is to identify the types of expenses that the managerial company will pay for and charge back to you. The expenses that you would ordinarily pay for as a real estate agent and that would now be paid by the management company include:

Advertising, Marketing & Promotion
Computer charges and internet
General overheads

The above expenses should be charged back to you by your spouse's corporation at cost plus a mark-up of 15 to 25 %. An invoice must be prepared detailing the expenses and mark-up.

Charge for Labour Hours - Tax Savings Strategy for Real Estate Agents Accountant Mississauga

Step 3 Charge for Labour Hours Tax Savings Strategy for Real Estate Agents

The third step is for your spouse's corporation to bill you for time spent (on an hourly basis) by the corporation's staff on administering the marketing, administration and other functions on your behalf. The time spent by your spouse should also be billed back to you.

Write Monthly Cheques to Management Company

Step 4 Write Monthly Cheques to Management Corporation

The fourth step is for you (real estate agent) to write a monthly cheque to your spouse's management corporation for the services performed that month.

For example, assume that the invoice totals ,000 for the month. You (real estate agent) would receive a deduction for the ,000 paid at a tax rate of 46.4% (marginal tax rate). Your spouse's corporation will pay income tax on ,000 received at a tax rate of only 16.5%. So you can see how we saved 30% of income taxes by simply using a management company structure.

It is very important that you have a management agreement in place that is drafted by a business lawyer and reviewed by a Chartered Accountant in Mississauga / Toronto / Oakville. The management agreement must comply with the Canada Revenue Agency's guidelines and it must be able to withstand an audit by the Canada Revenue Agency, if an audit occurs.

Please do not attempt to create a management company and management agreement on your own.

Saturday, July 28, 2012

What is Real Estate Mortgage Investment Conduit

What is a REMIC? Real Estate Mortgage Investment Conduit (Mortgage Securitization)

In the US, a Real Estate Mortgage Investment Conduit is: Real Estate Mortgage Investment Conduit

a form of mortgage-backed security that allows the income to become taxed solely when gained by the bond holder and not by the entity that holds the right to the mortgages. Using the provisions of the Tax Reform Act of 1986, any firm, joint venture, trust company or similar company may choose for Real Estate Mortgage Investment (REMIC) status.

For you to preserve this status, the real estate mortgage investment conduit, in any form, must submit to strict rules. It may invest only in 'qualifying mortgages' (usually only first mortgages) and granted investments (generally short-term interest-bearing investments). It must pass the income from the mortgages through to the owners of the securities (26 USCA, Internal Revenue Code,

Wednesday, May 23, 2012

Beginning Real Estate Investing 101

Best option for beginners in real estate.

As many beginning investors have little credit and their cash stash, if used would barely get them through until next payday! With that in mind you would want to take on something which is simple and can produce the most profits with little to no investment. The smartest most logical path you could take to get started investing in real estate would be wholesaling.

Wholesaling? What's that?

As A wholesaler you position is easy! Find a particular type of property that buyers/investors are looking for. Simple right? Why yes, yes it is........ Once located you just pass the new found deal onto your buyer/investor. Basically all you are doing is acting as the middle man or a bird dog (plus a few steps) type. With this type of investing you can make upwards of 10k from each and every deal you do, depending on the type of deal you uncover. With nothing more than time invested in these deals how can you go wrong!!!!

Why this method?

The wholesaling way has numerous reasons why you should start with it.

1) Low to no investment.

a. No need to own the property you are dealing on.

b. Just locate a undervalued property.

c. No need to take ownership of the property, just get it under contract and pass the deal on to the best buyer/investor, with what is called an assignment fee (up to K) added on to the negotiated price.

2) Fast and almost immediate cash.

a. Most all wholesale deals close in 45 days or less.

b. No need to wait for rents or long drawn out closings.

c. Quick was to get started and get cash in your pocket immediately.

3) Once you're good at finding deals.

a. Benefit from quick closing and cashing out.

b. Keep in mind not every deal you find will you be able to put under contract and sell.

c. Even if you can't buy it personally you can put it under contract and negotiate it with a buyer.

d. Do as many deals as possible to become a pro!!!

4) Options.

a. Wholesaling gives you options unlike any other investment vehicle out there,

b. You find it, negotiate with seller. Then decide what direction you will go with it, keep it, and or sell it, whatever you want. Where else do you have options like that?

VIOLA!!!!!!!!!!- Quick cash or long term cash decide.

This is what makes wholesaling Grrrrrrrrrreat!!!!

Nicholas "Yogi" Muller/

Saturday, May 12, 2012

Get to Know About Real Estate Attorney

The real estate attorney is a lawyer who helps the two parties both the buying party and the selling party in making legal documentation and proceedings. Buying a home is not simple. It is difficult to find a perfect and best suited property for buying, and the legal workings are even more daunting to handle. And for this purpose, the buyer needs a lawyer who can represent on behalf of the buyer.

If you have experience in buying property, you must be aware of signing the contract and sale proceedings is one of the prolonged work, which requires you to hire a real estate lawyer. There are numerous steps involved in buying the property and most of the people feel scared of buying the property just because of the legal proceedings. Because there are times when you find a wrong type of a lawyer, who is not well experienced or not competent enough.

Finding a competent real estate lawyer is not an easy task, you need to look up for lawyers before hiring the one, make sure the attorney works in the best interest of the client. Some of the things a real estate attorney can do for you includes pre contract negotiation. Though the lawyer is not required at this stage, but it would be beneficial if you involve the lawyer from the first day of dealing with the selling party.

The lawyer can ensure the buyer about several pending dealings at this stage. Moreover he/she can answer the questions of the buying party about the purchase. The next thing a lawyer can do for you is to sign a contract of sale. In this phase, all the regular documentation is signed up by both the parties. The amount of deposit and loan commitments is also held by the lawyer.

The next thing is status of title, the transfer of title is another important step which is conducted by the attorney. Sometimes there are some violations followed by any of the concerned parties, so for dealing such situations the lawyer is required. The survey is demanded and reviewed before making the closing and this process is held by the lawyer. And the lawyer makes sure prior to cling that the property which the buyer is buying is within the property lines and rules and regulations.

The last step is the closing, which is the part of every real estate buying. In this stage, the attorney answers the questions of the buyer regarding transactions and closing documents. The real state lawyer also ensures that the payment of the property is being given to the correct person or to the correct bank account.

Some of the benefits of hiring a real estate attorney include handling of purchases, sales and leasing processes. The development and financing section is also considered by the attorney. Moreover, property repairs, foreign investment, corporate investment, co-operative disputes, brokerage agreements, construction contracts, negotiations and drafting diligence are all the duties of the lawyer, which the hiring party can enjoy. The hiring of lawyer allows the buying and selling party to keep away from the process of property dealing. And most of the busiest people do not involve themselves in property buying. Instead, they hire the lawyer to cope up with all these legal tasks.

Before hiring the lawyer, you must negotiate with the attorney about fees that whether he/she will charge per month or per case. You need to ensure that the lawyer, you are hiring is well aware of the real estate rules and regulations of the state where you are buying the property.

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Sunday, April 29, 2012

The Real Crash: America's Coming Bankruptcy - How To Save Yourself And Your Country

A few years ago, there was an ad that ran for a long time on TV that included the line "when... speaks (silence spreads across the room as everyone waits for the pundit's prediction) everyone listens."

It may well be that the government should be listening to Peter Schiff, a leading conservative economic light whose predictions have proven uncannily accurate. For example, his 2007 work "Crash Proof," Schiff argued that we were heading for another economic cliff over which we were going to fall and he's been right, so far. His work argued that we would try to borrow and print our way out of the country's economic problem and that would only result in further problems downstream.

The Real Crash might be the book that every government agency should be required reading, as it points out Schiff's conviction, that we have only weathered about half the storm - the easy half.

Now comes the part no one wants to face. Schiff, whose insights into the Crash of 2008, illustrated what would happen if we tried to bail ourselves out of our economic problems with tax credits, loans and grants and other paper notions. He indicated correctly that the bubble would burst and that the government would be called upon to an even greater degree to ensure that the country would remain viable.

Now, Schiff points out, we are involved in another bubble, this one is a lot more serious because it is government-backed, or, as the Constitution puts it "backed by the full faith and credit... of" the USA. Thinking about this, one can see this is serious and if Schiff is as seemingly clairvoyant as he was in his earlier work, then we may be facing grim times, indeed.

Schiff believes there are two tracks facing the US. We are on the wrong one right now, the track that has disastrous consequences where we continue to the bailout bubble until there's nothing left -- and our debtors call our debt. It is at this point that everyone is in trouble. It's not as if we are not on the way, already, Schiff points out. The US has two possible tracks, the first of which we are on and the second of which is where we need to go.

On the current track, the government continues its policy of major cash bailouts without paying interest on the principal it has borrowed. This puts the nation at risk, if the countries from which we borrowed major funds, mainly China, call their loans now. There's not much left in the banking system to pay back principal and interest. If, one the other hand, the loans aren't called by the debtors, but continued - a more likely scenario as China is highly dependent on our economic health - we still have a situation where home owners are upside-down on their homes (where they owe far more than the home is worth) and it is likely that, given the poor state of the economy, these owners could easily lose their homes.

The solution, Schiff believes, is going to be painful, but it will result in a stronger nation economically. The first step is to declare national bankruptcy. (In business this would be called a "Chapter 13 bankruptcy where the company stays in business while it reorganizes.")

At the same time, government spending, except for national defense would be cut. The cuts would include some agencies, probably the ones that have to do with health or welfare, while the military will still get nearly full funding, although foreign adventures like Iran, Afghanistan or even Libya, where the US supplied air support, would be cut. The focus would be on national defense, an isolationist viewpoint.

Finally, Schiff believes that money spent for home mortgage or student loan interest deductions should stop, as should funds for the war on drugs. And, bank and business bailouts would also be things of the past. This would all follow Schiff's call for a national bankruptcy plan. The plan would also call for a return to the gold standard, as well as a wholesale restructuring of all debts.

When this is achieved and only then will have nation with a stable economy ready to grow.

Wednesday, April 25, 2012

Indian Real Estate Market: Bubble or a Bit Trouble.

A fear of bubble is in the minds of all those who want to buy or invest in real estate now a day. But without looking at the actual event, it should not come with any conclusion that wonder bubble in India.

Indian real estate industry is growing at a CAGR of more than 30% on the back of strong economic performance of the country. After a bit of a downturn in 2008-09 revived quickly and displayed a huge growth. Market value according to the project construction increased from $ 70 bn at end-2006 to $ 102 bn at the end of June 2010, which is equivalent to 8.2% of the nominal GDP of India "in 2009. In addition, Government liberalization initiatives standards of foreign direct investment in the field of real estate in 2005, the introduction of the law, SEZ and allow private equity funds in the field of real estate, were key factors that have contributed to this enormous growth of the "low price" that attracts buyers and investors, not only from India, but NRIs & amp; foreign funds also have money in the Indian market. Aggressively launching new projects in the builders, moreover, has further enhanced this positive mood, which paved the way for the rapid growth of the market last year.

Now the question is whether it is a bubble forms in Indian real estate market? Please note that look at the recent housing bubble in the United States, Europe and the Middle East. In addition to economic factors were important factors in the rapid increase in price bubbles beyond affordability, House property of mania, I believe that real estate is a good investment and feel good factor in the rapid price is a major cause of a real estate bubble.

Against the Indian scenario, all of these factors operate in major cities of India, particularly in the phase of the cities. Prices have risen, and Crossed the earlier pick in the 2007 cities such as Delhi, Hyderabad, Chennai, Kolkata, Hyderabad, Bangaluru, Gurgoan, Chandigarh & amp; Pune. Although the duration of the cities such as Hyderabad, Delhi and Noida Gurgoan spent 25-30% higher than the market selection 2007. However, in the 2008-2009 during the economic recession, prices fell by 20-25% in those cities. The second factor is the default property and real estate is a good investment belief mania. Investors and buyers is based on is attracted by the end of 2009 and lower than the prices began injecting money into the real estate market.

Level-the cities of Hyderabad, Delhi-NCR, Bangaluru, Kolkata, Pune, Hyderabad, Calcutta has shown the largest investments in real estate projects. The developers have taken advantage of this enhanced feeling and began to start new projects. This increased the more buyers and investors, who had missed the opportunity to purchase or invest in the past, trust between, which has grown to more than the price unrealistically quickly. And finally, it seems like a good author is also the last month.

If we are talking about the stock market bubble, or the real estate market, the key is called the "feel good factor", where everyone feels well. In the last years of the Indian real estate market has increased significantly, and if you have purchased a property, you are likely to be more than money. A positive return for investors fueled so that more people have seen it on the market and decided to invest in real estate before they "missed". This impression is at the heart of any bubble, and it has happened several times in the past also in the 2008 Stock market crash, 1980 during the Japanese asset price bubble and Ireland the same property on the market in the year 2000. A good impression of the author was fully implemented in the real estate, until recently, and this is a key factor in the real estate market bubble. Even negative information about the patch or real estate market bubble flow then people are still very positive growth in real estate in India.

Looking at the above factors, there is the possibility of forming a bubble in several cities in India, but it can hurt buyers and investors only if it bursts. Large bubbles form with the internal pressure and may remain on artificially long did not work outside the force. Similarly, in the case of markets property bubble may burst if demand and prices falling suddenly and dramatically. Some results of recent studies by consultants business icon further shed light on this.

On the basis of most investors from Delhi, Hyderabad, bangaloro, Chennai, Kolkata, Gorgan, Chandigarh & amp; Pune currently is not ready to invest in this price level and does not clear any increased recently. Mainly about the distribution and book return on investment. Another factor affecting demand in the supply. In a city like Hyderabad around 6500 apartment size 45 million meters under construction, but most developers worried about lack of attachment to 100%. The same situation in New Delhi and other major cities of India, which showed a higher than expected enthusiasm. Although the developers give a positive outlook for the market, while at the same time an appropriate level of confidence is very low, which gives the negative signals from lower demand in the near future, but. The third important factor is the expected inflow of Foreign Funds. In India, as the placement of investment attractive to Fund huge, published in the Indian market of real estate by foreign institutions and nerys. But now the real estate market in the United States and the Middle East and Europe and has stabilized and began to grow gradually and, therefore, attract foreign funds to lower prices. It is expected to create huge Fund to withdraw from India foreign investors sees more opportunities in these countries. All these factors may act as an external pressure that may lead to fracture the bulb.