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Condos For Sale

What Is a Proforma Income Statement?

A proforma income statement is a report investors and analysts who are engaged in real estate investing commonly use for the purpose of forecasting the cash flows generated by a rental property. The concept is simple. By projecting out over some number of years the income that a rental property might likely generate, investors and analysts are able to conduct a cash flow analysis that will help them evaluate the future performance of a property during the real estate investing decision-making process.
There are no restrictions on the number of years you want the proforma income statement to project. I’ve seen real estate investment software, for instance, that create statements ranging from ten to twenty years; a few even boast that their software provides for thirty-year forecasts. However, I personally feel that these longer range projections can become too misleading to be given much weight. There are just too many …

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Condos For Sale

The Best Way to Invest in the Mississippi Gulf Opportunity (GO) Zone

For those of you who have been here since the beginning, it seems like it was just the other day when you could do some good and get rewarded for your efforts; a win-win situation for all! I am talking about the GO Zone tax benefits put in place by the Internal Revenue Service after Hurricane Katrina destroyed the Mississippi Gulf Coast. Many people have moved on to new headlines that occupy their days:
* Trapped miners recently rescued in Chile;
* Election Season is here again;
* The Earthquake in Indonesia;
* The BP oil spill;
* and still others.
However, with the window for the GO Zone benefits quickly coming to an end (I will reiterate below), there is one topic that should be at the forefront of your mind:
* Getting a HUGE and legitimate Tax break from the IRS!
That is right, you may have forgotten …

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Condos For Sale

Using Your IRA Funds for Real Estate Investments

Generating wealth from the individual SEP retirement accounts and traditional Roth, along with some other type of investments needs some in-depth knowledge and motivation.
In the current Wall Street turmoil bonds, mutual funds and stocks have all become unpredictable and are suffering. Many financially smart Americans are using a lesser known clause of IRS which permits you to generate money in your IRA account by going in for a purchase of some type of real estates and all these are tax deferred. Many retirees across US are making investment of their retirement money in the real estate which is still a buyer’s market.
The US IRS has specific regulations for making investments in real estate from the funds in IRA in sec 408 in IRC. You must also get conversant about the penalties if any noncompliance of rules is detected at any stage.
Ways to invest in the real estate …