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TBREIA Credits
Exchange your
TBREIA- Credits
for a seminar
or Membership renewal
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Tampa Bay Real
Estate Investors Association TBREIA.COM,
Over 800 Members Strong …
TBREIA Announcements
Dear Members, Volunteers, Sponsors, Vendors and Guests,
Because we would like to accommodate as many people as possible, therefore TBREIA’s General Meeting starts at 6:30 pm.
We are looking for real estate related articles !! Those will be linked to your web site and passed out at our 14 TBREIA meetings.
Vendors, advertise your services !! Excellent benefits to join TBREIA!
Read more by going to: www.TBREIA.com
Our Saturday workshops have been a great success 80% teaching at the very minimum and all that for only $35! Bring a non-TBREIA member for FREE !
Upcoming Seminars:
June 7th, General TBREIA meeting: Jack Shea – Real Estate Options
June 9th, Saturday, Full-day with Bill Gatten: Buying RealE. Without using your own cash or Credit
June 23rd Saturday, Full-day workshop with Dave Lindahl: Apartment House Riches in Tampa! Go to www.TBREIA.com for more info!
June 30th,Saturday, Full-day seminar with Dan Stojadinovic: Internet Marketing,
TBREIA skip tracing. We have worked out a deal for TBREIA members for skip tracing for less than $.50 a trace !! (in packages of $400).
TBREIA DISCUSSIONS. Use the online TBREIA Discussion to ask questions, look for partners, find handyman, contractors, sell deals etc... To find the TBREIA discussion board go to TBREIA.com and click on the discussion link under the main banner.
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Landlord's, The Tax Deduction, You Should Know About and your CPA may not tell you about.
Landlord's, The Tax Deduction, You Should Know About and your CPA may not tell you about.
by John Racine
Investment real estate provides different things for different investors. Some buy real estate for the hopes of appreciation, some investors buy real estate for monthly cash flow, and still others purchase investment real estate for the tax benefits. There is a large portion of the investment community that buys for all of these reasons. So, what type of investor are you?
Congress, along with the Internal Revenue Service, provides a great many financial benefits for those who invest in real estate. From subsidized housing programs like Section 8 to the Gulf Opportunity Zone (GO Zone), real estate is as attractive an investment as it has ever been, thanks in large part to the federal government. The tax benefits of investing in real estate can oftentimes increase the ROI immensely.
Take a piece of rental property, for example. The IRS allows a multitude of tax deductions, including: mortgage interest, travel, tenant background checks, repairs, utilities, advertising, landscaping, pest control, professional fees and the list goes on. These are all expenses as categorized by the IRS. Whenever you have one of these expenses, you'll most likely write a check or use your credit card to pay for it. So if you collect $1500 in rent, and then pay all of these expenses, you may have $250 left over in your account at the end of that month. That's not too bad when you invest in real estate for cash flow.
There is however, another " expense", the IRS allows you to take. It is called depreciation. Although depreciation is classified as an expense, you do not write a check to pay for it. Depreciation allows you to spread the cost of the building out over a period of time, and to take a portion of that purchase price over that time. Commercial buildings typically have a depreciation period of 39 years, while residential buildings have a depreciation period of 27.5 years. Depreciation is considered only on the building, the cost of the land has to be removed before calculating the annual depreciation. Let's look at example:
| Home Purchase Price: |
$200,000 |
| Land Value: |
$40,000 |
| Building Amount to Be Depreciated: |
$160,000 |
As you can see, we have a home purchase price of $200,000 and the land was valued at $40,000. What we subtract the $40000 and land value from the total purchase price of $200,000, we are left with a building value of $160,000. According to the current IRS rules, this $160,000 can now be spread out over 27.5 years. So take the $160,000/27.5 = $5,818.18 per year.
The building is not the only part of your rental property that can be depreciated, however. The IRS Tax Code also allows you to depreciate the "personal property", called Chattel. In addition, the IRS allows you to accelerate this depreciation over a shorter period of 5 to 15 years. Let's look at a little bit of background on how this IRS tax deduction came about. A court case called Hospital Corporation of America vs. Comm [109 TC 21 (1977)] makes all this possible. This case rules, that is permissible to separate Section 1245 property from Section 1250 property. Your CPA should be familiar with section 1245 property and section 1250 property. After this case was settled, the IRS issued an Audit Techniques Guide (http://www.irs.gov/businesses/small/article/0,,id=108149,00.html) on cost segregation. In this guide, the IRS describes several methods for determining the value of Section 1245 property. One of the methods is the "Residual Estimate Approach."
Basically, what this allows a rental property owner to do is segregate the value of the personal property, or chattel, and accelerate the depreciation on its’ value over a period of 5 or 15 years.
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So what is chattel? The IRS has identified over 65 items that qualify as chattel, including: flooring, cabinets, countertops, lighting, blinds, appliances, landscaping, walkways, driveways, swimming pools etc. So just how much chattel is there in a rental property? A conservative amount to use is 10% of the purchase price. Many times, this percentage is much higher. Let's go back to our original example above and use a chattel amount of 10%:
| Home Purchase Price: |
$200,000 |
| Land Value: |
$40,000 |
| Chattel Value: |
$20,000 |
| Building Amount to Be Depreciated: |
$140,000 |
Let's now compute our new depreciation amount, including the value of the chattel:
| Building Depreciation: |
$140,000/27.5 = $5,090.91 |
| Chattel Depreciation: |
$20,000/5 (years allowed) = $4000 |
| Total Depreciation |
$5,090.91+ $4000 = $9,090.91 |
| Additional Depreciation |
$9,090.91 - $5,818.18 = $3272.73 |
By segregating the value of the chattel from the value of the building we are an additional tax deduction of $3272.73. Let's look at actual dollar savings:
| Depreciation Amount |
$5,818.18 x 25% Tax Bracket = $1454.55 |
| Depreciation Amount with Chattel: |
$9,090.91 x 25% Tax Bracket = $2272.73 |
| Tax Savings |
$2272.73 - $1454.55 = $818.18 |
Keep in mind, these are conservative numbers. So, now you may be thinking, what are the drawbacks? You should always check with your tax adviser before employing a new tax strategy. The most common question about chattel is the concept of a recapture and the recapture tax when you sell the property. You may already be aware, you pay recapture with the straight-line 27.5 year depreciation. Recapture does also apply to the accelerated depreciation taken through this tax strategy.
Let's talk briefly about recapture and the recapture tax. A recapture tax is applied when ever a depreciated asset is sold. The recaptured amount is subject to a maximum rate of 25%. The recapture tax percentage rate is based on the investors’ income tax rate, and is capped at 25%. This allows you to keep the 75%, and utilize the Time Value of Money to create more investments. Let's use our example above, to illustrate recapture. We will assume the investment property was held for five years before being sold:
| Home Purchase Price: |
$200,000 |
| Depreciation Taken: |
$9,090.91 x 5 (years) = $45,454.55 |
| Home Sale Price: |
$250,000 |
| Recapture Tax: |
$45,454.55 x 25% (max rate) = $11,363.64 |
| Amount Kept by Investor: |
$45,454.55 - $11,363.64 = $34,090.91 |
How many additional properties could your purchase with $34,090.91 available? Is it one, three, or more?
Now, the $50,000, which is the difference between our selling price of $250,000 and our original purchase price of $200,000, is subject to capital gain. That is, unless you have utilized another strategy such as the 1031 Exchange or a Charitable Remainder Trust. The depreciation amount is not subject to capital gain. Again, always check with your tax adviser before making a tax strategy decision.
Congress and the IRS have made real estate such an attractive investment opportunity, it pays to utilize every strategy of available to maximize your cash flow and lower your taxes. Ask your tax advisor about a chattel appraisal and a cost segregation study and start using the tax code to you now r advantage!
John Racine is the President of Chattel With Us, LLC a Florida based nationwide
company offering Chattel Appraisal’s to real estate investors.
You can contact Chattel With Us, LLC at (866) 788-4925 or info@chattelwithus.com____________________________________________________________________________
- TBREIA members save on the $497 setup fee and try it out for 30 days free!
- These are customizable web sites: change text, add properties, add hyperlinks, add pictures, logos, pages, rename pages and do other tasks.
- Training is included online and in the Bay area for real estate web site marketing
Go to www.MyRealEstateWebSites.com/Offer for this speacial deal for TBREIA members.
Resellers wanted we pay $25,000 in average commisions for every 100 new clients. (based on current data).
Call (727) 388-1376.
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Buying and Selling Real Estate Using none
of your own cash or credit
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TBREIA’s Saturday Workshop: |
Buying and Selling Real Estate Using none of your own cash or credit.
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For those of you who are going to attend the
Tampa Bay REIA’s Workshop with Bill Gatten
in Saint Pete Beach - Saturday June 9th
Tampa Bay REIA has 2 Bonuses (Free) for YOU !!!
Price: $35 for members and $70 for non-members
$109 combo: Membership + Workshop for 1 person
$120 combo: Membership + Workshop for 2 people
Every attendee will receive:
Bonus 1: Bring a non-member guest for free (limited time offer)
Please pre register your friend, we have only 90 seats.
To register for the TBREIA workshop,
go to www.TBREIA.com or email: Support@TBREIA.com
Bonus 2: Members, You will receive 15 - TBREIA member credits,
those work similar to frequent flyer miles, you can trade them in for
seminars, renewals or to sponsor one of your family members or friends. |
Payment options: CHECK OR CREDIT/DEBIT CARD!
Name(s) _________________________________ Phone _______________________
Address ______________________________________________________________
City __________________________________ State _______ Zip ________________
E-mail ________________________________________________________________
Credit Card number ____________________________ Exp. Date: ________________
Today’s Date:__________________________________________________________
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Sell Tax Free
The Exchange Starts before Your Sell
Benefit from the “No capital gains tax”
Method of Sale and Purchase of
Investment Properties.
www.1031taxfreesale.com
• Sell - any type of investment property - anywhere
• Buy - any type of investment property - anywhere
Certified Exchange Specialist
Completes Documents and Assists Investor
throughout the Transactions
• Over 21 Years Exchange Experience
• Cost - Includes Sell "and" Buy Starting at $550
• Member-Federation of Exchange Accommodators
Jack Shea ~ Certified Exchange Specialist
Daniel Imbior ~ Certified Exchange Specialist
Keys Capital Inc. ~ 1722 S. Missouri Ave ~ Clearwater, Florida 33756
727-581-7000 ~ Fax 727-581-7865
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Some listed Benefits of
beeing a TBREIA Member:
Over 800 Members strong and growing!
| Benefits |
Member: |
Not a Member: |
You will have access to our Website to post your
House(s) for sale! |
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You may post your house(s) for
sale w./ limited access |
Receive Notification on House(s) available |
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You receive NO Notification |
Distribute your House For Sale-flyer at every
monthly meeting |
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You may NOT Distribute
any flyers |
Receive TBREIA's Newsletter |
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You do NOT
Receive TBREIA s Newsletter |
Access the latest Wholesale deals |
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You have NO access
to the Latest deals |
Attend every monthly meeting for free |
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You pay $10.00 |
Attend the monthly Workshop s for ½ of the regl.
Price. |
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N/A |
Major discount to subscribe to Foreclosure Daily.Call for details.
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N/A |
Utilize TBREIA Yahoo Discussion Board – Tremendous low price to join The Landlording 101 Academy (Realtors and Brokers earn College credits by attending any of those courses).
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N/A |
Access, utilize the TBREIA Discussion board |
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N/A |
List your Business for FREE |
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Only members may list! |
List your Properties & View listings |
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Only members can view! |
| Enjoy the access to our discounted Web-Book
store |
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N/A |
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You may display TBREIA’s membership shield, which you can use on your web sites to identify yourselves as a member of Tampa Bay REIA and receive instant recognition. The image is available in all standard graphic formats so web masters can blend it into your web site. This may be used in conjunction with the affiliate program if you link the shield with your affiliate ID. If you are not an affiliate yet, you can fill out an application online at:
http://www.tbreia.com/default/affiliates.asp
In addition it can be used in all marketing materials such as business cards, flyers, emails, magnetic signs etc.. For more information, please email us at Support@TBREIA.com |
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Sign Up Options
Sign-up
Options For
the month
of: June
(All ticket sales are final. Prices
are subject
to increase
without any
notice!) |
I
am a
TBREIA
member
and
would
like to
reserve
my
Seminar
ticket
now and
bring a
non
member
guest
for
FREE. |
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I would like to pay
with my Credits. I
understand that I
need to have the
equal Dollar amount
in Credits available
to me. |
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I am NOT a
TBREIA-member, but
would like to attend
the seminar and bring a non member
guest for FREE. |
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I am NOT a TBREIA-member and I would like to become a TBREIA Member. |
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Save
$$ : Seminar
AND Membership
combination
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I would like
ONE single TBREIA
annual Membership
AND one seminar
Ticket |
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I would like a 2-person
TBREIA annual Membership
AND 2 seminar tickets |
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Become part of the
largest growing REIA! Over
850 Members ! We offer
great things to our
Members!
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Membership
renewal: |
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*Join us at our monthly
general meeting in Clearwater,
members enter for FREE |
I
would like to renew my
annual Membership with
TBREIA now
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*Affordable/ excellent monthly
Workshop / Seminars in
St Pete Beach (Trade
Winds, Beach Resort) |
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Visit TBREIA s Subgroup
meetings in:
North-Tampa, Brandon & Mid
Pinellas |
I would like to pay
with my Credits. I
understand that I need
to have the equal Dollar
amount in Credits
available to me.
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send an email to:
AylaW@TBREIA.com |
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(Prices
are subject to increase without any
notice!)
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Payment options: CHECK OR CREDIT/DEBIT CARD!
Name(s) _________________________________________ Phone _______________________
Address ______________________________________________________________________
City __________________________________________ State _______ Zip ________________
E-mail ________________________________________________________________________
Credit Card number ____________________________________ Exp. Date: ________________
Today’s Date:___________________________________________________________________
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Dave Lindahl - How To Create An $10,300 A Month Positive Cash Flow From Buying, Holding and
Selling 2, 6 Unit Apartment Buildings
THE KING OF APARTMENT HOUSE INVESTING
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TBREIA’s Saturday Workshop: |
!!! NEW LOCATION !!!
Dave Lindahl: THE KING OF APARTMENT HOUSE INVESTING
How To Create An $10,300 A Month Positive Cash Flow From Buying, Holding and Selling 2 ? 6 Unit Apartment Buildings
Is it REALLY True?
Can you make more than $10,000
per Month Investing in Apartments...
with Zero Tenant Contact?
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For those of you who are going to attend the
Tampa Bay REIA’s Workshop with Dave Lindahl
in Saint Pete Beach - Saturday June 23rd
Tampa Bay REIA has 2 Bonuses (Free) for YOU !!!
Price: $35 for members and $70 for non-members
$109 combo: Membership + Workshop for 1 person
$120 combo: Membership + Workshop for 2 people
Every attendee will receive:
Bonus 1: Bring a non-member guest for free (limited time offer)
Please pre register your friend, we have only 90 seats.
To register for the TBREIA workshop,
go to www.TBREIA.com or email: Support@TBREIA.com
Bonus 2: Members, You will receive 15 - TBREIA member credits,
those work similar to frequent flyer miles, you can trade them in for
seminars, renewals or to sponsor one of your family members or friends. |
Payment options: CHECK OR CREDIT/DEBIT CARD!
Name(s) _________________________________ Phone _______________________
Address ______________________________________________________________
City __________________________________ State _______ Zip ________________
E-mail ________________________________________________________________
Credit Card number ____________________________ Exp. Date: ________________
Today’s Date:__________________________________________________________
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IRSFL Foreclosure and Bankruptcy data
available to Tampa Bay REIA’s members for less.
A lot less !!! Thank you IRSFL !!!!!
Regular price for one year / one county is “normally” $800,-
TBREIA member’s pay ONLY $599,-
Sign me up to receive the foreclosure and bankruptcy data for one Year:
One Year |
County |
I choose |
$599,- |
Pinellas |
|
$599,- |
Pasco |
|
$599,- |
Hernando |
|
$599,- |
Hillsborough |
|
Take off an additional 25% if you order More Than One County.
Regular price for six month / one county is “normally” $450,-
TBREIA member’s pay ONLY $337,-
Sign me up to receive the Foreclosure and Bankruptcy data for six month:
Six months |
County |
I choose |
$337,- |
Pinellas |
|
$337,- |
Pasco |
|
$337,- |
Hernando |
|
$337,- |
Hillsborough |
|
Take off an additional 25% if you order More Than One County.
Payment options: CHECK OR CREDIT/DEBIT CARD!
Name as it appears on CC ______________________________________________________________
Credit Card billing Address ______________________________________________________________
E-mail ________________________________________ Phone #: ______________________________
City _____________________________________ State ____________ Zip _______________________
Credit Card number ___________________________________________________________________
C.C.-Expiration Date ______________________ Type of Card:__________________________________
Or Check # __________________ Amount to bill: $ ___________________ Today’s Date: ____________
___________________________________________________________________________________
Your signature
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Pay off your Mortgage in as little as 8 -11 years!!!
Pay off your Mortgage in as little as 8 -11 years !!!
No need to refinance your mortgage, Not a Bi-weekly payment
No need to increase your monthly mortgage payments.
Become one of the thousands who have paid off their mortgage quickly without increasing minimum monthly mortgage payments, and without any lifestyle changes.
This Program is for all types of Mortgages !!!
Primary Residences, Secondary Residences, Investment Properties!
 |
are you paying 30 years to own your home Free & Clear??
Would you like to own your home Free & Clear in 8 to 10 Years? |
|
are you paying almost 2.5 times the amount you borrowed?
Wouldn't you prefer to pay back only the amount you borrowed?
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are you paying Hundreds and Thousands of dollars in Interest to the bank???
Would you like to save Hundreds of Thousands of dollars in Interest payments ! |
The answer to is,
because you did not know the alternative !!!
till now !!!!!!!!!!!!
Introducing the Money Merge Account (MMA) a powerful tool to help you fulfill your dream of home ownership and save money for your future. The average MMA customer will pay their 30-year mortgage off 100%, within 8 to 11 years, with little change to their day-to-day spending habits and without increasing their monthly mortgage payments.
Homeowners and Landlords across the nation are paying off their 30 year mortgage in as little as 8 to 11 years. Become one of the thousands who have paid off their mortgage quickly without increasing minimum monthly mortgage payments, and without any lifestyle changes.
Save Hundreds of Thousands of dollars in Interest payments !
The mathematical formulas and algorithms are complex. But this is no magic! It's "only" math!! – and MMA is guaranteed!If it doesn't deliver results, you get your money back...100% in writing guarantee.
Request a free complimentary, confidential MMA Analysis Report
from me today by calling: (727) 452 - 9646
or email me at: AylaW@TampaBay.rr.com
and I will gladly complete the confidential worksheet with you.
Or visit us online at: www.LittleKnownBankingMethod.com
The Money Merge Account consists of three major components:
1. Your Existing Primary mortgage:
The existing mortgage on your home is the foundation for the Money Merge Account.
2. An Advanced Line of Credit (ALOC)
The MA Program uses an advanced equity line of credit as a vehicle or a tool to drive the program. The equity line of credit must have the capacity to operate similarly to a primary checking account and be set up with an open-end interest calculation (rather than a closed-end interest calculation). Combined with the MMA's web-based system, this creates a formula in which the money in your line of credit account generates an interest cancellation on your primary mortgage.
3. MMA software
The online MA system makes a connection between your bank account, the advanced line of credit, and your primary mortgage. Each time you deposit income into your account, it registers as a decrease to your mortgage balance. By decreasing your mortgage balance, you now lower the balance on which interest accrues. By decreasing the balance on which interest accrues, you increase the portion of your monthly payment which is credited toward your principal pay down. The algorithms in the proprietary MMA system are systematically programmed to create the highest interest savings possible in the least amount of time.
Business Opportunity:
Join a successful team nationwide, which is assisting Mortgage - Payers to become Home OWNERS !!!
Mortgage Brokers:
Are you a Mortgage broker or a Loan Officer who is tired of getting calls from people with that Interest rate that can’t be beat? How would you like to offer that same customer an opportunity to pay off their mortgage in as little as 8 – 11 years? And making commission plus have the potential to increase your HELOC sales! |
Insurance Brokers:
How grateful would your customers be if you could help them to pay off their home in as little as 8 – 12 years ? What products could you offer this customer if they had more discretionary income? |
Financial Planners:
How great would it be to have the ability to offer a program that will allow your Clients to pay off their Mortgage in 8 – 11 years, without having to alter their current standard of living plus have more discretionary income to use towards your financial products? Not to mention more income to you. |
Realtors, Investors, Builders, Title Agents, Entrepreneurs:
Help People, Have Fun, Make $$$ Part time or Fulltime Become an Independent MMA agent !
The mathematical formulas and algorithms are complex. But this is no magic! It's "only" math!! – and MMA is guaranteed! If it doesn't deliver results, you get your money back...100% in writing guarantee
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The MMA has saved Home owners Millions of dollars across the Nation!
Please feel free to contact me at: AylaW@Tampabay.rr.com,
Phone: 727-452-9648, Fax: 813-354-3552 Ayla Willer, Independent Agent ID (UFF) # 846303
or visit www.LittleKnownBankingMethod.com and watch the Video
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TAMPA BAY REIA’S APPRECIATED VENDORS:
* Please mention that you are a TBREIA member when contacting our vendors for.
- Predevelopment / Pre Construction
Cay Clubs (Claude Diehl)
- Elite Vendor
Predevelopment Waterfront Resort Investment Opportunities
Contact Claude Diehl at:
ClaudeDiehl@CayClubs.com
or
(239) 229-2061.
www.CayClubs.com
YourLearningCenter.com
- Standard Vendor
Providing Real Estate Investment Education.
Your Learning Center’s Fast Track Program
"Beyond The Basics" can help you make
Thousands of Dollars, Plus Save you Countless Hours
of Time!
Phone: (973) 761-7448.
info@yourlearningcenter.com
www.yourlearningcenter.com
ALDAY-DONALSON
TITLE AGENCIES (Barbie Burgess) - Standard Vendor
ALDAY-DONALSON TITLE AGENCIES OF AMERICA, INC.
is a leader in the title insurance market throughout
Central Florida.
We are fourteen offices strong
and growing.
Office: (727) 781-8896
Fax: (727) 786-9302
Cell: (727) 403-9260
burgess33779@yahoo.com
Omni
National Bank - Elite Vendor
The redevelopment loan specialists at Omni National
Bank are your best Rehab resource.
Call Michael Gilkey at
(813) 879-6664 or go to
www.redevelopmentlending.com
Lending One - Standard Vendor
LendingOne is the fastest growing Hard Money Lenders in Florida.
Whether you Buy to Sell or Buy to Hold, LendingOne s unique Loan programs will minimize your monthly payments while maximizing your profit potential.
Please call Richard Welch at:
(813) 645-8076
Web site: www.LendingOne.com
or email: RichardW@LendingOne.com
SuperMortgage (Bobbie Floerchinger)
- Standard Vendor
Senior Loan Officer Bobbie Floerchinger is investor
educated and works closely with real estate inv | | | | |
