Sen. Bob Corker is seeking clarity on how a provision that would benefit people like him and President Trump wound up in the final agreement to overhaul the nation's tax code between Republicans in the House and Senate. The Tennessee Republican sent a letter to Senate Finance Committee Chairman Orrin Hatch, R-Utah, on Sunday and asked how a provision on pass-through businesses that would reportedly give real estate investors a large tax break wound up in the deal. A reporter had called Corker, he said, alleging that it was a new provision inserted into the bill. "My understanding from talking to leadership staff today is that a version of this provision was always in the House bill—from the Ways & Means markup, through House floor consideration—and in reconciling the divergent House and Senate approaches to pass-through businesses this House approach stayed in the final conferenced version," Corker said. Corker's office noted that the senator was not involved in the … [Read more...] about CBS News Logo Bob Corker wants to know how a real estate provision wound up in final GOP tax plan
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Last Updated Dec 1, 2009 1:47 PM EST All real estate is local but U.S. real estate prices have fallen nearly across the board, with declines over the past couple of years running from 30 to even 60 percent in hard-hit areas. (Case-Shiller, a composite national index that's somewhat problematic, has declined by a third since its peak in 2006.) That slide should tempt price-conscious buyers -- and indeed, "Foreign investors are back" is the theme of an Associated Press story from two weeks ago, written by Adrian Sanz. The idea of the piece is that the combination of the U.S. price declines and dollar weakness have made American real estate appealing again. In fact, a new study called "Prospects for Property" from Barclays PLC, a financial firm that includes a high-net-worth management arm, argues that wealthy individuals around the world plan to increase their real estate holdings over the next few years. The report, compiled in conjuction with the Economist Intelligence Unit, cites … [Read more...] about Real Estate Investors Search Globally, But Favor U.S.
Last Updated Sep 13, 2011 12:42 PM EDT According to Jonathan Smoke, executive director of research for Hanley Wood's Housing Intelligence the paradigm for the traditional financing of a home purchase may be obsolete. In a post-housing bubble economy, Smoke observes the "model of securing financing is starting to shift." At a time when a top-drawer FICO credit score and 30 percent down might still leave without you a bank loan, more and more home buyers and real estate investors are forgoing the mortgage altogether and turning to the payment everyone accepts: cash. Smoke and his group have been compiling data which documents a huge increase in the number of cash transactions between the 12 months ending in June 2007, and the same time frame concluding in June 2011. While a number of these cash-flush buyers are overseas investors looking to maximize low prices and a weakened dollar, Smoke also points to the "the big story of the aging Baby Boomers" who are leveraging investment and … [Read more...] about Top 10 Real Estate Markets to Buy a Home With Cash
By CALmatters | PUBLISHED: March 13, 2018 at 12:56 pm | UPDATED: March 13, 2018 at 1:07 pm By Matt Levin, CALmatters Scott and Erica Rothenberg thought the years of scrimping and saving had finally paid off. The three-bedroom house outside of Elk Grove—an upper-middle-class suburb of Sacramento—checked all of the boxes: quiet neighborhood, quality school district, ample space to start a family. But the couple knew competition for the house—like most houses in desirable California neighborhoods—would be cut-throat. Their agent warned they’d be bidding against not only a glut of young Sacramento-area families vying for a starter home, but also wealthier Bay Area residents fleeing astronomical prices. Even wealthy foreign investors from China, sensing an opportunity to park their cash and make steady returns, were getting in on the action. “I was like, ‘Are you serious?’ In Elk Grove?,’” said Scott. “It’s really … [Read more...] about Are foreign investors driving up real estate in your Southern California neighborhood?
These days, many small real estate investors are working with partners. It makes it easier to buy more expensive properties and spreads the risks. Kathleen Lynn, provided by Published 5:00 am, Tuesday, February 13, 2018 Photo: Ittipon2002/iStock Image 1of/1 CaptionClose Image 1 of 1 Photo: Ittipon2002/iStock Small-Time Real Estate Investors Team Up for Big-Time Profits 1 / 1 Back to Gallery Real estate investor Maureen Wiener usually goes it alone when buying, renovating, and reselling homes in northern New Jersey. “It’s about control," says Wiener, of Franklin Lakes, NJ, who has flipped close to a dozen single-family homes in affluent Bergen County. Wiener, who's in her 50s, says she likes to be the one to choose design elements such as the appliances and the granite countertops. "It's … [Read more...] about Small-Time Real Estate Investors Team Up for Big-Time Profits