Financial Solutions

A Safe Haven for Real Estate Investors-Canada

May 6th, 2011

Canada is a new frontier that real estate investors are exploring. The laws are quite liberal, in the sense that you do not have to be a Canadian resident to own property in Canada. The business can be quite profitable if you understand the laws fully and act accordingly.

Citizenship or residency is not a requirement for owning property in Canada. You can even own property in Canada if you are a non-resident. You will only have to pay the annual tax returns. You can also own a Canadian property on a temporary basis. You only have to comply with the immigration requirements if you want to become a permanent Canadian resident.

Rental Property Tax Values:

A property owner is required to have twenty-five percent of the gross property rental income remitted each year.

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Tags: Estate, Real Estate

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Tribune: Specialists Pick Up Pieces of Real Estate Market

May 4th, 2011

Picking up the pieces of the shattered real estate industry is accelerating in the Chicago area.

Survivors of the drastic downturn have devised new ways to sell the massive inventory of foreclosures and unsold new homes in the city and suburbs.

Call them workout kings, because they are striving to work out the backlog of failed real estate deals from the boom years.

Their strategies vary widely:

They create online listings to sell nationally.

They work for banks to make condo buildings more salable.

They specialize in auctions.

They buy distressed properties and fix them up for resale.

About half of all housing sales in the Chicago area are distressed properties. That is the potential gold the workout kings are mining.

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Tags: Estate, Real Estate

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Recovery rate: average hide different realities

May 3rd, 2011

These days in the financial press, we often see comments about the odds of peripheral euro zone countries defaulting on their debts. The default swap market is used as a reliable source of information about those odds. Though, reader should be aware that common practice is to assume a recovery rate of 40% on defaulted bonds. This is roughly in line with historical data compiled by Moody’s on estimated recovery rate per bond by the market 30 days after default.

However, as today’s Hot charts shows, this average is derived from a distribution that is far from normal. It is skewed downward by the very large number of defaulted bonds issued by Argentina. On the other hand, if we calculate the average recovery rate per issuer, the average obtained is much higher at 56%. In Read more…

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Getting An Online Life Insurance Policy

May 1st, 2011

The internet is among the best places where you will be able to get a lot of information especially if you want to purchase a life insurance policy. It is simpler and more convenient when you simply sit in front of your computer and make the transactions at the comfort and ease of your home. How to get one online is very easy. These are the things that you are able to follow.

With the help of all the information online, you will be able to have a lot of choices when it comes to the choices of the best insurance provider. You will not be close-minded of that which you only know but you will get additional details with more options to compare from on the internet. Better prices and better coverage can be seen.

You can talk to an agent once you have come up with the few options.

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Tags: Insurance Policy, Life Insurance, Life Insurance Policy, Policy

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