ARCHIVED BLOG POSTS
2007
Marcy S. in Farfield, NJ asks:My husband and I own two condos in Florida that we are getting ready to sell. Should we do a 1031 tax exchange? If so, do we need to purchase 2 more rental condos? Marcy, as you know, A 1031 tax deferred exchange allows you to roll-over all of the proceeds received f...
06/30/2007
Brian D in New Haven, CT writes: Stephen, I have noticed that rates have come down a little this month and I am thinking of possibly refinancing out of my 5 year adjustable. I was able to get a rate of 4.500% in June 2002 and I concerned about my payment going up drastically. What do you suggest?...
06/29/2007
Phillip D. in Atlanta, GA writes:Stephen, I am a CPA and have been renting my office space for 8 years. I now have a chance to purchase the building for $1.4 million. There are 3 other long-standing tenants. After careful financial analysis, I know I would be better off purchasing than continuing...
06/28/2007
I have been getting this question twice a day for the last 3 months, so I thought I would answer it here. Back in the good 'ole days, before March, we had basically 4 sources of 100% investor money: Lehman Brothers, Bear Stearns, and to a smaller extent, the Winter Group, and Countrywide. You ma...
06/27/2007
Stephen, My son just graduated from UGA and wants to buy his first house. The problem is that I just became aware he has credit cards in his name and, until recently, has not been paying his bills on time. Since I've heard on the news about all the high-risk mortgage lenders going out of business...
06/25/2007
Rainmaker
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Stephen Katz
Branch Manager, CMPS