David Saks is a musician, retired real estate broker, and long-time ActiveRain member.
David's blog features important information relevant to the safety, integrity and security of the industry. In addition to his widely read real estate fraud blog, a comprehensive overview of real estate continuing education is a weekly addition for his subscribers and the ActiveRain community at-large. Thank you for subscribing to and for visiting David's ActiveRain home on the internet.
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ARCHIVED BLOG POSTS
2015
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If the township of Fisherville has a tax rate of 16 mills, the school tax is 22.5 mills, and the county tax is 2.25 mills how much are the taxes on a property worth 500 thousand dollars assessed at 70% of it's value ? Take your time. The solution is below the wildlife photo. A. $14,262.50 First,...
01/18/2015
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What is the total income for a shoe store for the month of March if it nets $425 a day, including Sundays ? Take your time. The solution is below the wildlife photo. A. $13,175 Easy one here ! Multiply 425 dollars times 31, the number of days in March, and we have $13,175.
01/18/2015
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What would a business be worth if it demonstrates a profit of $2,750 a month and the total earning on the investment amounts to 8% ? A. $412,500 Multiply 12 months times $2,750 to get a total profit of $33,000. Now divide the profit by the 8% earnings on the investment or $33,000 divided by .08 ...
01/18/2015
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A property is assessed at $58,000. The school rate is $15.55 per 1000 dollars of assessed valuation. What is the amount of the school tax on the property ? A. $901.90 If the the assessed valuation is $15.55 per 1000 dollars, divide 1000 into 58,000 and we have 58. Now multiply 58 times $15.55 to...
01/18/2015
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A $100,000 home was insured against fire for 80% of it's value. The insurance rate was $6.00 per $1000 of value for a three year policy. What was the cost of the premium per year ? Remember to take your time. The soultion is below the wildlife photo. A. $160 per year. Let's find out what 80% of ...
01/18/2015
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Flying over North Memphis. I'm in the green flight suit. I love to fly ! Have a great weekend ! -DS-
01/17/2015
Property Manager and Real Estate Agent Sentenced to 22 Months in Prison for Role in Mortgage Fraud Conspiracy That Caused $7 Million in Losses to Lenders U.S. Attorney’s Office January 16, 2015 District of Connecticut (203) 821-3700 NEW HAVEN, CT—A property manager and real estate agent was sent...
01/16/2015
Federal Judges Sentences the Last Defendant in $40 Million Ponzi Scheme to 21 Years in Prison Jury Convicted the CPA Hedge Fund Manager of Securities Fraud Conspiracy and Related Charges; Defendant Built Personal Mansion with the Stolen Money U.S. Attorney’s Office January 16, 2015 Western Distr...
01/16/2015
Lafayette Attorney Sentenced to 121 Months in Prison for Drug Conspiracy, Money Laundering U.S. Attorney’s Office January 15, 2015 Western District of Louisiana (318) 676-3641 LAFAYETTE, LA—United States Attorney Stephanie A. Finley announced today that Lafayette attorney Daniel James Stanford, ...
01/16/2015
Knoxville Hotel Owner Sentenced to Serve 42 Months in Prison for Bank Fraud U.S. Attorney’s Office January 16, 2015 Eastern District of Tennessee (865) 545-4167 GREENEVILLE, TN— Jayesh Dahyabhai Patel, 49, of Knoxville, Tenn., was sentenced on Jan. 15, 2015, by the Honorable Leon Jordan, U.S. Di...
01/16/2015