san diego estate planning lawyer articles and resources for business owners, farmers, ranchers, and executives

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Tips On Taking The Risk Out Of Your Real Estate Investing
By Phil LaBoon
Risks always stay together with high profits. Real estate investment, being the fortune maker also throws some risks which can be taken as challenges by the players who want to excel in real estate investing. A few areas which offer some or other form of risks and the ways to tackle them are the following:Lack of Knowledge: Lack of knowledge on the real estate investment may be a serious handicap for you in starting and sustain in this field. Though the subtleties can be only be learned through experience, it is always advised to have some theoretical knowledge on this field.Lack of Guidance and Contacts: For the beginners, it is always an asset to have a mentor, who can teach you the tricks of trade. Take interest

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in your neighborhood Real Estate Investment (REI) club. You will meet many experts as well as newcomers which will help building relationships. Every business centers on relationships - especially in real estate. Financing: In real estate investment market, lenders generally lend up to 65 percent of the value of the property for investment purposes as they consider it a high risk one. If you hold equity in some concern, you can borrow from those sources to maximize your mortgage and financing. Location: Unattractive locations always pose high risks. Investments close to major shopping, transportation and schools and amenities will attract prospective tenants. High Maintenance: High maintenance may cause a big hole in your pocket over the years. You should go for property that allows you the most flexibility and least amount of effort and maintenance during the tenancy.Troublesome Tenants: You should not overlook the quality of tenant. A tenant who has the ability to pay the rent and a good history of paying the rent is always preferred. Tenant inquiry is recommended before lending the property.Agent: It’s important to locate a trustworthy agent. . You may do without him but your purchase will run much more smoothly if you use an experienced agent. Imitation: It does not make sense to buy property only because a friend of yours made a lot of money from it and you want to do the same.Lack of Homework: Decide how much you can afford to pay a real estate investment? If unsure on the price range, find a reputable lender and get pre-approved for a mortgage. Getting pre-approved helps you to alleviate some of the anxieties that come with home buying.


Here are some more estate planning articles...
Want To Buy Real Estate In Orlando
By Phil LaBoon
If you are planning or Buying investment properties in Orlando, www.investrealestate101.com can make you attentive and help you know the actual market situation. It is the most reliable brokerage for Read more...
Real-estate-investors-get-off-the-sideline-and-get-into-the-game-in-a--slow--market--all-for-fun-and
By Dale-Rogers
For months now many Realtors have been pacing the floor wondering where their next sale was coming from. The bad news drips off the front pages reporting for all to see how bad the real estate market Read more...
Capital Assets – Gains And Losses For Taxes
By Richard A. Chapo
Capital is a unique term when it comes to taxes. If it gains value, you pay a tax. If it loses it, you can write at least some of the loss off. Capital Assets – Gains and Losses for Read more...
Making Your Money Work For You - And Not The Other Way Around!
By Stefanus Wahyudi, Sat Dec 10th
Copyright 2005 Stefanus WahyudiMost people spend their entire lives working hard for someoneelse. What most people do not realize is that there is a betterway. How about if instead of you Read more...
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Ask AP: Importance of housing starts, honeybees (AP)
<p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20081121/ap_on_bi_ge/ask_ap"><img src="http://d.yimg.com/us.yimg.com/p/ap/20081121/capt.a3a7aeb0b0884b8e97551f65f194e743.ask_ap_ask102.jpg?x=94&y=130&q=85&sig=b1guKaA_xZrRu2txvNYlhg--" align="left" height="130" width="94" alt="In this Thursday, Aug. 16, 2007 file photo, Professor Emeritus Robbin Thorp holds a specimen of a Franklin's bumblebee queen in his office at the University of California Davis bee biology department in Davis, Calif. A reader-submitted question about bees is being answered as part of an Associated Press Q&A column called 'Ask AP'. (AP Photo/Steve Yeater)" border="0" /></a>AP - American farmers have long worried about the declining population of honeybees, a key crop pollinator. But honeybees originally came from Europe, so can't U.S. farms get by without them — with a little help from good old American bugs whose ancestors were here before Columbus?</p><br clear="all"/>FHA-Backed Loans: The New Subprime (BusinessWeek Online)
BusinessWeek Online - As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers -- many of them the very sorts of firms that helped create the current financial crisis -- are going strong. Their new strategy: taking advantage of a long-standing federal program designed to encourage homeownership by insuring mortgages for buyers of modest means.'Help' Can Be Costly (BusinessWeek Online)
BusinessWeek Online - The implosion of the subprime mortgage market has been a boon to loan-modification consultants who promise to help borrowers refinance and get back on the road to financial stability.Your Life Insurance Policy May Not Be Protected (BusinessWeek Online)
BusinessWeek Online - With the financial system in crisis, investors increasingly rely on government guarantees to protect their money. Bank accounts are backed by the Federal Deposit Insurance Corp. and its $53 billion war chest. After decades on their own, money market funds now are backed by the U.S. Treasury. And life insurance policies and annuities? They're backed by state guaranty associations. There's only one hitch: The states have virtually no cash on hand and must rely on promises to pay made by healthy life insurers.UK home repossessions up 12 pct in 3Q from 2Q (AP)
AP - Home repossessions in Britain jumped 12 percent to 11,300 in the third quarter from the previous quarter, the Council of Mortgage Lenders said Friday, more evidence that the financial crisis is taking its toll on households and the ailing housing market.



The process of planning the transfer of all personal assets at death to chosen beneficiaries.