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12 Days of iPhone Apps Day 5: Tweetie 2

post from Realty 3.0 on 15 December 2009 10:45:11 PM. © Realty 3.0

On the 5h Day of iPhone Apps, MyTechOpinion blogged to you? It?s time to twitter like a pro, Get Tweetie 2 now?goand#8230;go, go! Okay, if you know me well?you know I already favor HootSuite as the ultimate real-time drip tweet tool. So you may be surprised that I?ve chosen to write about Tweetie 2, and not the new HootSuite iPhone app that debuted last week. I?ve had some time to play around with the new HootSuite app and I do like it, and will probably use it occasionally. I also recognize...

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http://www.realty30.com/article/3435/12-Days-of-iPhone-Apps--Day-5-Tweetie-2

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Tax Deferred Exchange of Foreign Properties for
Other Foreign Properties

post from The 1031 Exchange Institute on 15 December 2009 10:35:27 PM. © The 1031 Exchange Institute

This is an income tax planning strategy for the sale of foreign property owned by U.S. Taxpayers that will surprise even the most sophisticated and advanced income tax advisors. The sale or disposition of foreign real estate or other assets owned by a United State Taxpayer may still create a United States income tax consequence, including capital gain taxes and/or depreciation recapture taxes.

The United States income tax consequences can be deferred by the Taxpayer by using a 1031 Tax Deferred Exchange strategy as long as the foreign real estate sold and subsequently purchased meet the following requirements:

Taxpayer does in fact have a U.S. taxable gain and related tax consequence
Relinquished and replacement properties must meet the "Qualified Use" standard (i.e. be held for rental, investment or use in a business).
Relinquished and replacement properties are all foreign properties in order to satisfy the like-kind property requirement (i.e. can not exchange into or out of U.S. properties; must all be non-domestic properties)

Recent Foreign Property Exchanges

The following foreign property 1031 Exchange transactions were structured and completed during the last few months and will give you an idea of what can be accomplished:

Sale of a London Flat 1031 exchanged for another London Flat that were both held, used and reported as rental property
Sale of Australian water rights that were defined under local Australian law to be an interest in real estate were 1031 exchanged for Canadian office property
Sale of Australian commercial property was 1031 exchanged into Canadian residential investment property

Caution - Foreign Currency Exchange Issues

There can be complications with a foreign property 1031 exchange. The complication involves foreign currency exchange conversion issues, especially under the current economic climate. The volatile foreign currency futures can pose a significant risk to those who are exchanging properties, especially when the relinquished and replacement properties are located in different foreign countries.

Taxpayers may wish to consider asking their Qualified Intermediary to receive, hold, and ultimately disburse their 1031 Exchange proceeds in the applicable foreign currency rather than converting the foreign currency into U.S. dollars and risk a major shift in the foreign currency exchange rate. However, you should also expect a much higher fee from the Qualified Intermediary.

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http://www.1031exchangeinstitute.org/1031-exchange-blog/tax-deferred-exchange-of-
foreign-properties-for-other-foreig.html

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67 Leland Drive in Novato - SOLD!

post from Marin Modern Real Estate Blog on 15 December 2009 10:34:50 PM. © Marin Modern Real Estate Blog

Earlier today one of my buyer clients closed escrow on 67 Leland Drive, a spacious 2,174 sq ft single family home located in Novato, California.

I proudly represented the buyers of this home which was purchased for $655,000, a highly competiti...

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http://www.marinmodern.com/blog/renee-adelmann/67-leland-drive-in-novato-sold-/sh
ow/

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Condo auction sells 18 of 38 units, yields $3
million

post from Realty 3.0 on 15 December 2009 09:07:57 PM. © Realty 3.0

The three-property condo auction held by TeamBuilderJLS this past weekend yielded over $3 million in sales. According to the press release 18 very fortunate homebuyers took advantage of great prices at the auctions of the Sunrise on the Lake, The Summit, and Avaview condominium projects last Saturday. The condominiums offered on auction day sold for 136% over the recommended minimum bid pricing to the full satisfaction of the Seller. ?A $3 million sales day is significant in the middle o...

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http://www.realty30.com/article/3434/Condo-auction-sells-18-of-38-units-yields-3-
million

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Obama Cam Photos in Sacramento

post from Sacramento Appraisal Blog on 15 December 2009 08:20:31 PM. © Sacramento Appraisal Blog

I’m disheartened to hear stats on President Obama’s “Making Home Affordable” program. So far it doesn’t look like the program is working very well (at all). A CNN article last week stated ”The administration projected that between half and three-quarters of applicants would have new mortgages at this point. As of the end of November, the number is 4.3 percent.” That’s [...]

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http://sacramentoappraisalblog.com/2009/12/16/obama-cam-photos-in-sacramento/

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Zillows Holiday Hoedown: A Sea of Cowboy Attitude

post from Realty 3.0 on 15 December 2009 07:54:19 PM. © Realty 3.0

It was a sea of cowboy attitude and attire, including cowboy hats, cowboy boots, bolo ties, chaps, and plenty of bandanas as the and#8220;Zillow Holiday Hoedownand#8221; office party was held at the Jules Maes Saloon in the Georgetown neighborhood of Seattle this past weekend. Many thanks to the good folks at Jules Maes and#8212; called Seattleand#8217;s oldest bar and#8212; for putting up with tech-types trying to be cowboys and cowgirls. At one point during the night, CEO Rich Barton a...

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http://www.realty30.com/article/3433/Zillows-Holiday-Hoedown-A-Sea-of-Cowboy-Atti
tude

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Feature of the Week: Rofo Space Needs

post from Rofo Blog on 15 December 2009 07:48:38 PM. © Rofo Blog

One feature on the Rofo site that is incredibly useful to both prospective tenants and space providers is the Space Needs section. It allows businesses looking for space to post their exact requirements, i.e. space size, what city, preferred move date, company type and other requirements. For busy small businesses owners, this allows [...]

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http://blog.rofo.com/2009/12/15/feature-of-the-week-rofo-space-needs/

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Can I Turn My Home into a HUD Property Ask a
REALTOR

My home is primarily owned by my grandmother, and I am the co-signer. My grandmother is 85-years-old and has dementia, so Iand#8217;m not sure how long sheand#8217;ll be with us. Iand#8217;m currently out of work, and my husbandand#8217;s income is all that we have right now. We are concerned that we will lose our house because we canand#8217;t afford the mortgage payment. Can I turn my home into a HUD property to spare us from relocating? Weand#8217;ve been here since 2007. ...

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http://www.realty30.com/article/3432/Can-I-Turn-My-Home-into-a-HUD-Property-Ask-a
-REALTOR

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Real Estate Activity Up 73%

According to statistics released by The Canadian Real Estate Association, existing home sales activity remained upbeat in November 2009. The current strength of housing demand stands in sharp contrast to weak activity recorded one year ago. A total of 36,383...

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http://feedproxy.google.com/~r/TorontoRealEstateBlog/~3/i74wSJ8G2R4/november-real
-estate-activity.html

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Dont feel sorry for Goldman management

Since everything I know about Goldman Sachs was learned either by reading articles from Matt Taibbi at Rolling Stone or by listening to him talk about the company on Comedy Central or YouTube, Iand#8217;m probably missing something here, because, surely, this canand#8217;t be right. Surely, the investment bankand#8217;s latest image-rebuilding effort canand#8217;t be this transparent. Something has probably escaped my grasp here because, to me, it doesnand#8217;t appear as though issuing ...

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http://www.realty30.com/article/3431/Dont-feel-sorry-for-Goldman-management

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