The mile long stretch on Wilshire Boulevard between Fairfax and La Brea Avenues receives its name in the 1920’s. The land sat barren with only a few oil rigs to make up its skyline, until founder and developer of Miracle Mile, A.W. Ross came along. Ross purchased the land in 1920, with a vision of [...]
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Attention U.S. rental property owners: 1099s will be required for 2011 payments
Small Business Jobs Act enacts new provision: 1099s will be required for 2011 payments The recently enacted Small Business Jobs Act includes a provision related to reporting requirements of rental property expense payments. After Dec. 31, 2010, the new law requires those who receive rental income from real property to file 1099s with the IRS [...]
Read more →Home Price Confusion Redux
Here we go again on home prices. Every time we get this report, we also get all kinds of questions from viewers/readers about why some media outlets report it one way and some another. So here goes: The S&P/Case-Shiller Home Price Indices report prices in the top 10 and 20 housing markets monthly, as well [...]
Read more →FHA Loans Have Advantages
The Federal Housing Administration (FHA) is a mortgage funding program that helps those just starting out who would not normally qualify for a property loan from a bank or other lending company, to be able to buy a home. There are certain guidelines you must adhere to in order to be approved for an FHA [...]
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