Closing Of A Sale On Real Estate And 1031 Exchange Transactions

By Kevin Y. Delno

There are many expenses involved in the closing of a sale on real estate. There are the standard operating expenses, such as your agent's commission and the recording of the deed, which siphon money out of your proceeds and appear on the closing statement, but there are also the various oddball expenses that arise during the proceedings, some common examples of which are rent proration and security deposits.

A typical closing statement does not necessarily cover said expenses. Although in 1031 exchange transaction, some costs can be entered as debit - there are some that cannot be fashioned in the same way.

The correct way to go about transferring future rent and security deposits to the new owner of the property is to cut a check from your own expense account. If you debit these kinds of expenses to your closings statement, you are effectively freeing money in your account for your own use and taking what is known as boot from the proceeds of the transaction.

Like-kind exchange does not consider all cash benefits or boot received from the sale of a property. In fact, the IRS has pursued all property investors who tried to use this kind of tactic.

Fees on loan origination, underwriting, and processing all must be dealt with as part of your acquiring possession on new debt on your replacement property. Since they do not form part of a like-kind exchange, the most sensible thing to do is to be the one responsible on these expenses.

The fact of the matter is that the IRS examines these sorts of transactions, and will not look kindly on your receiving non-like-kind proceeds or cash benefits from 1031 transactions. With this in mind, you should be wary and take care regarding what expenses end up on your closing statement. - 23212

About the Author:

U.S. investors can save a lot of money by using 1031 tax exchanges to defer all of their capital gains tax on the sale of investment property. A 1031 exchange is like an interest free loan from the IRS.

Little known Information About Online Stock Trading

By Dr. Asoka Selvarajah

It has taken many years for the evolution of the stock market and was much different in the past. Trading in stocks has gradually developed and is at present a good method of making money if one knows how to trade. The stock market gives investors and traders a wide opportunity to make money through various options like breakout systems, online stock trading, options trading, speculation, hedging and stock swing trading.

However, it is absolutely critical to have a clear practical proven trading plan and not just jump straight in without knowing the fundamentals of stock trading. Also, you need to take plenty of time to examine the procedures and policies underlying online stock trading.

The financial experts feel that you should have a great deal of self-confidence, shoulder responsibility for every action and pay careful attention to every aspect of trading. You cannot allow yourself to lose control while in the presence of traders in the stock market. You should have your own individual trading approach and transact business with utmost care having respect for the markets.

You may have to lose a little bit of money if you intent to make money and thus learn from the mistakes you make. You must train yourself thoroughly first to minimize your losses. Try to research before starting online trading and take the advice of professional brokers regarding the services offered, what to trade, etc.

There are lots of benefits in having an internet connection for online stock trading. Online stock trading deals with buying and selling of shares using computers. If you want to trade, you need to get hold of a reliable broker and open an account with him. You will have to deposit some minimum amount of money into your account and then start trading. Take note that there are "execution only" brokers. They just follow your trade orders and do not give any advice. They are much cheaper than a full-service broker.

Online stock trading is an efficient and good way to search for investment opportunities in the stock market and thereby create an investment portfolio. You obviously need access to a computer with internet connection. As important though are your own personal qualities - discipline and a precise profitable trading plan. Moreover, having a complete understanding about money management is also a must. In fact, most traders who fail in the stock market usually have no understanding of money management.

Will you consider futures or forex after stock market trading? Forex is the largest financial market in the whole world. Unlike the futures markets, the forex markets are open round the clock.

Finally, it has become easy and inexpensive to enter online stock trading. One should be aware of the risks involved and should note that it is easy to lose all the trading money if one does not have sufficient knowledge of stock markets. Inspite of this, if a person takes sufficient time to study the markets and take a valid trading approach, making huge profits is definitely possible. - 23212

About the Author:

Discover FREE expert Trading videos, podcasts and articles packed with secret strategies to super-charge your Trading and rocket your profits. Dr. Asoka Selvarajah also offers you his critical FREE report, The 7 Deadly Mistakes Of Online Trading. Visit His Online Trading Site (OnlineTradingRebel.Com) Right Now!

Hungarian Gold Coins: The Famous Hungarian Korona 20 Gold Coin

By Christina Goldman

The Hungarian 20 Korona Gold Coin was first minted in 1892 and has quite an illustrious history. With a .900 fineness in actual gold content of .1960 Troy ounces, the coin was produced in 1848 to commemorate the crowning of Emperor Francis Joseph the First of Austria.

Emperor Franz Joseph the First reunited Hungry in Austria as an empire in 1867, but his history is riddled with unfortunate incidents and tragedies. Brother Maximilian was executed in 1867 by Mexican firing squad, his son Rudolf died in 1889 after committing suicide, and Karl Ludwig, his brother died in 1896. Italian anarchists assassinated his wife in 1898. His nephew, Franz Ferdinand is most well known for his assassination in Sarajevo in 1914, which for all intents and purposes, propelled the world into the Great War.

Hungarian gold coins were minted with the same denomination as Austrian coins and the Hungarian 20 korona, the most well known of Hungarian coins, offers a likeness of Emperor Francis Joseph facing right.

Hungarian gold coins offer high collector, investor value, the most sought after being minted between 1879 and 1908. The popular 1893 Hungarian 10 Korona and the 1908 Hungarian 100 Korona re-strike are favorites. With exquisitely detailed renditions of angels, crests, and renditions of Franz Joseph, Hungarian gold coins are available in various denominations, grades, and mintage.

Price ranges for Hungarian gold coins may range from $200 to nearly $1,000 depending on the year struck as well as availability, grade, and coin denominations. For collectors and investors looking for unique pieces that stand the test of time, Hungarian gold coins will remain popular favorites. - 23212

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Find great selection and fabulous prices on the illustrious Hungarian 20 Korona Gold Coin at: http://BullionBargains.com

Government Auctions - Are Pre-foreclosures more Profitable then Foreclosures?

By Leanne Grasby

Pre-foreclosures properties are homes that are about to go into foreclosure. Some of the best real estate deals are made this way, before they hit the mainstream foreclosure market. Negotiations are usually with the owner directly, who would like to work out a deal before the bank forces them to leave the property.

The market for pre-foreclosures is reaching record levels namely because of the current sub-prime real estate issues and weakening economy. Real estate experts will tell you that investing in pre-foreclosure homes is one of the most prosperous ways to play real estate, and that the timing for great opportunities could not be better then it is now.

Compared to an auction, buying a pre-foreclosure property can often be a more attractive alternative. At an auction, you often have to have the necessary cash on hand in order to participate in the bidding, however, with pre-foreclosures, you don not require immediate cash and can work out different scenarios with the current home owner and your bank. This allows you the ability to purchase a foreclosed house that they may not of been able to do otherwise.

The main advantage of a pre-foreclosure is you get to meet the people who's house your interested in acquiring in a less anxious environment then at an auction. With an auction homeowners will usually remain anonymous.

As compared to an auction not only can you see the condition of the outside property ahead of time you can also see the inside of the house to determine what kind of shape it is in. In many cases, because the owner has nothing to loose, you will be able to have a conversation with them about any problems you won't otherwise know about. Depending on timing and willingness of the owner you may be able get a house inspector to look around as well.

This allows you to determine how much effort, if any, will be required to repair the house and at what cost. This will eliminate much of the risk and will help you make a better decision about if the property would be a good investment or not.

I hope this write-up has educated you as to the benefits of buying pre-foreclosures as an effective means of investing in a property. It all comes down to limiting your risk and being informed enough in order to make the right investment decision within your budget. - 23212

About the Author:

To research more regarding the top government auction & pre-foreclosures web sites check out government auctions reviews or pre-foreclosures.

Forex Trading Education For The London Open

By Michael Jones

As part of your Forex trading education, you need to examine and understand the effect market timings can have on trading flow.

Around the time of the London open there is much market activity and you can be presented with good trading opportunities.

Add London open analysis to your Forex trading education and see if you can recognize good setups from the lively market conditions.

The following questionnaire and checklist will help.

London Open Preparation

Browse your charts about 15 to 30 minutes before the London market opens and use these questions as a guide:

Check to see if the MACD indicators on the 4 hour and 1 hour charts are going in the same direction. If not, be very careful!

Is there MACD divergence on the 4 hour, 1 hour, or 15 minute chart? Look for other clues to confirm that price may go in the direction of MACD divergence.

On the 4 hour chart what is the overall trend?

Do a Fibonacci calculation on the last swing high and low and see if price is pulling back to an optimum retracement level or whether it is reaching a key extension level.

Look to see where price is in relation to the 200 Exponential Moving Average (EMA) on the 4 hour, 1 hour and 15 minute charts. If price is above the 200 EMA on the 15 minute chart but below it on the 4 hour and 1 hour charts, then price is bucking the trend and you can expect it to go the other way at some point. (The opposite will be true if price is below the 200 EMA on the 15 minute chart but above it on the higher time frames.)

Are any Economic Reports imminent?

Looking at the candle that closes the first 15 minute period after London opens, do you see any distinctive patterns, or is the candle itself a doji or a hammer or any other shape indicating price exhaustion?

What would my risk be and where would I place my stop if I entered a trade right now in a particular direction?

After waiting a few minutes from the time London opens, and you see a number of converging factors based on the analysis points given above, decide whether you are going to enter the market. Either:

trade

wait for clearer signals or a better entry point

Increase your Forex education by carrying out this kind of analysis around the time of the London open.

It will make you aware of what is happening on the charts and in the marketplace and help you to arrive at conclusions.

There is no magic surrounding Forex education. It takes years of hard work and practice, study and more practice, and of course, experience which often comes through trades going wrong!

At last, the Forex trader learns the mental and emotional skills necessary to remain disciplined at all times - the hardest and most important aspect of Forex trading education.

Practice a procedure like the one above day after day and begin to see some progress as you get nearer the time you make profits consistently from currency trading. - 23212

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For a free candle & chart pattern recognition reference tool click here: Candle Chart Tutorial See how to use trendlines to get an optimum trade entry point: Trendline Break