Comments for Real Estate

Comment on How is the realestate market doing in chennai? by Mynuddeen Ibrahim

Mynuddeen Ibrahim — Thu, 26 Jan 2012 09:42:59 +0000

now Rs.350 /sq ft
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Comment on Will increasing a realestate agents commission cause serious selling incentive? by Daniel

Daniel — Thu, 12 Jan 2012 07:55:13 +0000

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Comment on Where Can I find a list of grants for creating a home improvement small bussiness? by Richelle Monclova

Richelle Monclova — Tue, 03 Jan 2012 19:50:43 +0000

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Comment on Can I invest part of the sale price of flat in Realestate and calculate CPG only on balance? by cactusgene

cactusgene — Mon, 02 Jan 2012 07:49:59 +0000

I do not believe that India has any rules allowing the avoidance or deferral of capital gains taxes on the sale of real estate, by fully or partially reinvesting the proceeds of that sale. However, here are some website with link to various sections of the Indian tax code, that may help you answer your questions:

http://nri-realestate.blogspot.com/2007/06/nri-queries-related-to-tax-rules.html

http://economictimes.indiatimes.com/opinion/policy/Direct-Taxes-Code-Capital-gains-tax-is-investor-friendly/articleshow/6477547.cms

http://indianblogger.com/income-tax-on-capital-gains/
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http://search.yahoo.com/search;_ylt=A0oGdXSWCoVNBwwAb6FXNyoA;_ylc=X1MDMjc2NjY3OQRfcgMyBGFvAzAEaG9zdHB2aWQDcFk1X3gwb0dkVEIyM0xoQ1RZVDJtQVNLejhoMENFMkZDcFlBRHJpYgRuX2dwcwMwBG5fdnBzAzAEb3JpZ2luA3NycARxdWVyeQNpbmRpYSB0YXggY29kZXMgb24gY2FwaXRhbCBnYWlucwRzYW8DMQR2dGVzdGlkA1NNRTAyOA–?p=india+tax+codes+on+capital+gains&fr2=sb-top

Comment on When buying realestate what is the best type of government progam for African Americans? by Odie

Odie — Thu, 08 Dec 2011 14:39:59 +0000

There are all kinds of grants you can get. Ask a loan officer from a local bank, if he/she doesn't know, try another bank.
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Comment on what are some downfalls to buying a forclosed home or multi family buiding? by BigJonBoy725

BigJonBoy725 — Sun, 04 Dec 2011 07:49:59 +0000

From 1996 to 2001 I bought 14 homes all foreclosures and/or distressed properties. I sold all but three of them. I now own 2-2 Family units and 1-single family unit. The one two family was a VA foreclosure, the other two family was from a man who wanted out of the rental business. I have now owned all of them between 12-15 years. Great Tax advantages, some headaches, but you must be ready to put money into them. 15 years Rental property owner.
Check out www. how-to-buy-sell-foreclosures.com/landlord.html for more info
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http://www.how-to-buy-sell-foreclosures.com/landlord.html

Comment on what are some downfalls to buying a forclosed home or multi family buiding? by classicsat

classicsat — Sun, 04 Dec 2011 07:37:59 +0000

One pitfall is you won't be able to rent it out, at least profitably to desirable tenants. You may need to make significant repairs and upgrades to make it habitable. You at least need to investigate the rental market to see if it is rentable, and for how much.
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Comment on what are some downfalls to buying a forclosed home or multi family buiding? by ac0fsc

ac0fsc — Sun, 04 Dec 2011 07:01:59 +0000

many foreclosures have more owed on them than they are worth, also, may need lots of repairs. many multifamily rentals tend to be in rundown areas where rents tend to be distressed. i have found success looking to buy around local colleges(there is a dorm shortage) . older homes can sometimes be easily converted into duplexes. just remember, taxes, insurance, and repairs can be a burden when there are vacancies.
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Comment on what are some downfalls to buying a forclosed home or multi family buiding? by rocky

rocky — Sun, 04 Dec 2011 06:50:59 +0000

look into any liens that go with the home. Back taxes, utilities, etc. Do you have any experience as a landlord? The first time can be a bit harrowing when you go to collect the rent and instead of money they hand you a story. Try and find out why the place went belly-up in the 1st place. It may give you a clue what to expect.
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successful landlord

Comment on Banks, saved by the government, need to finance thousands of RealEstate now? by capixaba

capixaba — Sun, 27 Nov 2011 13:16:59 +0000

I am not sure what your question is, but your statement is far more perceptive than most I see on Y!A. The bailout itself was heavily tilted by the power, wealth, and political influence of its benefactors solely in favor of those benefactors.

The callous greed of these benefactors is evidenced in their obdurate opposition to any contribution on their part to rebuilding our economy. We helped the wrong people.

We would have acted much more prudently had we bailed out most of the people who have lost their homes to foreclosure. The banks and other speculators holding questionable mortgages would have been paid off and thereby avoided bankruptcy without the hundreds of billions we poured directly into their coffers. Millions of homeowners would still have their homes; these houses would not be flooding the market depressing the value of residential estate.

With millions of people able to keep their homes and their equity, personal spending would not have fallen as precipitously as it did. Portfolios would not have lost their value; as a result, the big banks, insurance companies, etc., would have remained solvent and would have been able to keep all (or most of) their employees. With more people able to spend money, fewer businesses would have lost their customers. With more businesses solvent, fewer people would have lot their jobs.

The bailouts accomplished very little beyond quickly restoring to a few ultra-rich speculators and to monopolistic Corporate America the wealth (and much more) that they had lost in the early part of the recession. Now these corporations sit awash in $2 trillion, which they do not invest, their promises to do so notwithstanding.

We can still salvage our economy. Since the greedy elite will not invest this immense treasure without assurance of immediate profit, we should take much of that idle capital through taxation and spend it on rebuilding and modernizing our infrastructure. Doing so would not be MAKING work; it is doing work that is long overdue. In the process, we could put millions of Americans back to work–and back to spending and restarting our economy.
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