I have a great resource and wonderful business partner in David Bell at Wachovia. They have great loan products and excellent business services for commercial real estate buyers and tenants. As a trusted partner, David Bell provides the Wachovia "outlook" on a monthly and occasional basis. Today he sent me the following forecast/outlook for 2008: [...]
Tag Archives: real estate finance
Top 5 Reasons Small Businesses Choose the SBA 504 Loan
Attn: Small Business Owners Do you rent the location where you operate your business? Ever consider buying your own place of business? With interest rates still at all time lows, you would be pleasantly surprised at how affordable owning your own building can be. Whether your need is for retail, office, industrial or distribution space, [...]
New Legislation for the Mortgage Industry
So who’s to blame for the number of foreclosures, the number of families whose mortgage costs keep rising, and the housing bubble that seems to have popped? As I read the following article, I was admittedly shocked to see that a mortgage broker is being partially blamed for the mess we seem to have gotten [...]
Mortgages and Self-Employment
This past weekend I was having a conversation about home refinancing options with a potential client. The basis of the discussion was that they were a single income family and the husband is self employed. Though they have no problems meeting their monthly cash flow requirements, the actual stated income after write-offs was certainly a small [...]
Mortgage shake-up tightens lending terms
Based on the following article from the AJC, the lending terms that Realtors and Homebuyers have becomed accustomed to are vastly changing. Now, more than ever, it is important for Realtors and homebuyers to work together in the process of pre-qualification, home selection, contracts, and the closing process. As I look at the number of [...]
“FairTax” in GA? Eliminating the Property Tax
Looks like the "FairTax" methodology is getting a little traction in GA. Here is an article from the Marietta Daily Journal that descibes elminating the property tax portion of our annual taxation. http://www.mdjonline.com/89/10264980.txt —————————————————————————————————————————————————- Rogers proposal likely to be DOA Friday, July 6, 2007 3:27 AM EDT Georgia legislators are at work on "a major [...]
An Historical Perspective on 30 Year Fixed Rate Mortgages
Real estate professionals monitor the current real estate market and the vital signs that cause the market to fluctuate. They accumulate information on the properties that are currently on the market and on the properties that have sold or been withdrawn from the market. They also keep a close watch on the current interest rates. [...]
No More Taxes in Georgia!
Mitch Seabaugh, a Republican from Sharpsburg, has introduced a constitutional amendment that would eliminate state ad valorem taxes, corporate taxes and personal income taxes in favor of a higher state sales tax on goods and services. Called the Georgia One Tax, it could be on the ballots for voters in 2008 and be effective Jan. [...]
Lawmakers promising transportation, tax changes
The Atlanta Business Chronicle has a good story about the agenda for the Georgia General Assembly. I really like the fact that Georgia is considering the Fair Tax! Reforming the state tax code — perhaps to eliminate the income tax or raise badly needed funds for transportation — is likely to be a key focus [...]
Happy New Year – Now Pay Your Taxes
I always feel like the first thing a new year brings is tax season and I hate tax season. It demands a lot of time for paperwork, searching files, calculating numbers, and research of tax rules. Granted CPA’s are available to do this work on your behalf, but many people tackle taxes on their own. [...]