February 2009

Lake Village Estates, Gulfport, MS

by Damion 27 February 2009

Lake Village Estates in Gulfport MS is centrally located near shopping and entertainment, yet still has a serene, middle of nowhere feel to it – especially if you are sitting outside on your back porch looking over the 100 acre Adam’s Lake, which is shared with Windance. Located just outside the city limits helps with [...]

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The Overlook at Swan Lake Estates, Gulfport, MS

by Damion 20 February 2009

The Overlook at Swan Lake Estates got its name because it “overlooks” Swan Lake. Many very nice homes surround the back side of the lake and amenities include clubhouse, dock/pier, and playground for the kids so residents do not have to live on the lake to enjoy it. 3 and 4 bedroom homes start in [...]

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Understanding Agency Relationships

by Damion 14 February 2009

You have been driving around, looking at homes, calling every agent you see a sign for, finally write an offer on a house and you get to the agency disclosure and find out that the agent you have been friendly with for the past week – the one that knows every intimate detail of your [...]

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New Fannie Mae Guidelines to allow up to 10 Financed Properties

by Damion 8 February 2009

Effective March 1, 2009, which also happens to be my daughter Trinity’s second birthday, Fannie Mae will start, once again, financing up to 10 properties for investors – one heck of a birthday present if you ask me. Maybe I will go buy her an investment property Fannie Mae has decided to do this to [...]

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1031 Tax Exchanges

by Damion 2 February 2009

Whenever you sell business or investment property and you have a gain, you generally have to pay tax on the gain at the time of sale. However, the tax code provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property as part of a [...]

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