Thursday, April 28, 2011

Real Estate Investment Commentary REIC's
Top SIX Blog Posts

I think people love lists which are composed of the best people, items, products, services, books...etc. Top Ten Real Estate Tips, Top 10, Top 100, what ever! I know I do.

I decided to create my own REIC's Top SIX Blog Posts list. I may be too early for this since I am really a newbie blogger and only have a limited number posts under my belt. Bare with me HERE! There is a method to my madness.

I wanted to make this a MENU item. Anyone who wants to check out the top posts can just click on "Top Blog Posts".

The REIC blog's menu appears just below our blog's title. The MENU itself is a work in progress. I want to get these menu items up and running as soon as they are created.

I promise I will update this list as post positions change. Hopefully that will be often.

Check it out....

Top SIX REIC Blog Posts, based on page views, descending order (high-low):

  1. Hialeah Housing Authority HHA Opens Lottery-Based Section Eight Waiting List!
  2. Rental Income and Expenses - Real Estate Tax Tips
  3. Real Estate Investment Strategies for Rehabbing Houses
  4. Make sure you have the mail forwarded to your business address after you purchase a new investment property....Why?
  5. 7 Reasons to Use a Land Trust
  6. Using the MAO rule for determining your Investment Property Offer Price

So far Hialeah is winning...Hooray for Hialeah!!!!!

Written by +Bob Burns.

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Top Blogs


The Internet Kahuna Bob Burns MREIA Logo"Crush It!"
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MREIA's President
Telephone #: 305-300-6242
email: rkburns@investmentpropertiesmiamiflorida.com
MREIA's Web Page: www.miamireia.com
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Thursday, April 21, 2011

Hialeah Housing Authority HHA Opens
Lottery-Based Section Eight Waiting List!


The Hialeah Housing Authority HHA has started accepting pre-applications from eligible families to be placed on its lottery-based waiting list for the Section 8, Section Eight, Plan 8, Plan Eight or Plan Ocho Voucher Program.
HHA will accept up to 2,500 applications via the internet or direct mail starting April 21, 2011 at 8:00 AM through April 22, 2011 at 8:00 PM. Here is the Internet application link: Hialeah Housing Authority Pre-Application Link or printed applications are to be published April 21, 2011 in The Miami Herald, El Nuevo Herald, The Miami Times and El Diario de las Americas. You can mail in your pre-application via direct mail to: Hialeah Housing Authority, PO Box 110670, Hialeah, FL 33011-0670. The pre-application envelope must be postmarked no later than April 27, 2011 after which the application process for this waiting list will be CLOSED.

For more information about this HHA event please access the following documents:

  1. HHA Section 8 Waiting List Press Release
  2. Hialeah Housing Authority Pre-Application Link to apply on-line
  3. Log-in to VIEW current Application Status.
  4. Click HERE to lookup your position on HHA waiting lists.

Use these keyword phrases together on Google: Hialeah Housing Authority & Miami Herald & Section 8

Written by +Bob Burns.

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Top Blogs

The Internet Kahuna Bob Burns MREIA LogoPut things into Motion!
Bob Burns Print Signature for MREIA
MREIA's President
about.me/RobertKBurns
Telephone #: 305-300-6242
email: rkburns@investmentpropertiesmiamiflorida.com
MREIA's Web Page: www.miamireia.com
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Friday, April 15, 2011

7 Reasons to Use a Land Trust


I was cruising my directory for articles that I have been collecting and I came across this one about Land Trusts. I can't tell you how many times a Land Trust has saved me while taking ownership of a property. If you are a serious real estate investor, YOU MUST master this asset protection method. You will reap many benefits, financially and legally.

The land trust is a very powerful tool for the savvy real estate investor. A land trust is a revocable, living trust used specifically for holding title to real estate. Each property is titled in a separate trust, affording maximum privacy and protection.

Here are seven reasons to use land trust for titling property to real estate:
  1. Privacy: In today’s information age, anyone with an internet connection can look up your ownership of real estate. Privacy is extremely important to most people who don’t want others knowing what they own. For example, if you own several properties within a city that has strict code enforcement, you could end up being hauled into court for too many violations, even minor ones. Having your real estate titled in land trusts makes it difficult for city code enforcement to find who the owner is, since the trust agreement is not public record for everyone to see.

  2. Protection From Liens: Real estate titled in a trust name is not subject to liens against the beneficiary of the trust. For example, if you are dealing with a seller in foreclosure, a judgment holder or the IRS can file a claim against the property in the name of the seller. If the property is titled into trust, the personal judgments or liens of the seller will not attach to the property.

  3. Protection From Title Claims: If you sign a warranty deed in your own name, you are subject to potential title claims against you if there is a problem with title to the property. For example, a lien filed without your knowledge could result in liability against you, even if you purchased title insurance. A land trust in your place as seller will protect you personally against many types of title claims because the claim will be limited to the trust. If the trust already sold the property, it has no assets and thus limits your exposure to title claims.

  4. Discouraging Litigation: Let's face it, people tend to only sue others who appear to have money. Attorneys who work on contingency are only likely to take cases which they can not only win, but collect, since their fee is based on collection. If your properties are hard to find, you will appear "broke" and less worth suing. Even if a potential plaintiff thinks you have assets, the difficult prospect of finding and attaching these assets will discourage litigation against you.

  5. Protection From HOA Claims: When you take title to a property in a homeowner’s association (HOA), you become personally liable for all dues and assessments. This means if you buy a condo in your own name and the association assesses an amount due, they can place a lien on the property and/or sue you personally for the obligation! Don’t take title in your name in an HOA, but instead take title in a land trust so that the trust itself (and thus the property) will be the sole recourse for the homeowner’s association’s debts.

  6. Making Contracts Assignable: The ownership of a land trust (called the "beneficial interest") is assignable, similar to the way stock in a corporation is assignable. Once property is title in trust, the beneficiary of the trust can be changed without changing title to the property. This can be very advantageous in the case of a real estate contract that is non-assignable, such as in the case of a bank-owned or HUD property. Instead of making your offer in your own name, make the offer in the name of a land trust, then assign your interest in the land trust to a third party.

  7. Making Loans "Assumable": A non-assumable loan can become effectively assumed by using a land trust. The seller transfers title into a land trust, with himself as beneficiary. This transfer does not trigger the due-on-sale clause of the mortgage. After the fact, he transfers his beneficial interest to you. This latter transaction does trigger the due-on-sale, but such transfer does not come to the attention of the lender because it is not recorded anywhere in public records. This effectively makes a non-assumable loan "assumable".


As you can see there are many creative and effective uses for the land trust, limited only by your imagination!

William Bronchick, CEO of Legalwiz Publications, is a Nationally-known attorney, author, entrepreneur and speaker. Mr. Bronchick has been practicing law and real estate since 1990 www.legalwiz.com

P.S. If you need a good Land Trust attorney for South Florida, contact Paul B. Woods, Attorney at Law, (305) 559-9060, mobile: (305) 803-1818, email: pwoodslaw@gmail.com

Written by +Bob Burns.

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Top Blogs

The Internet Kahuna Bob Burns MREIA Logocya
Bob Burns Print Signature for MREIA
MREIA's President
about.me/RobertKBurns
Telephone #: 305-300-6242
email: rkburns@investmentpropertiesmiamiflorida.com
MREIA's Web Page: www.miamireia.com

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