Welcome to my Blog page. I hope you find my articles and post both informative and entertaining.

I wanted to share with you a beautiful neighborhood in Fords Colony, called "Nottingham Place," where they do all the yard work for a minimal fee of $412. a month. This also includes the Ford's Colony common area ground maintenance as well: pools, tennis courts, ponds, walking trails, guard gates and 24 hour security.

Ford's Colony is also the home of three golf courses and boasts a beautiful club house.
The club house will be shutting down for three months and will be totally renovated, which will make it more spectacular than it is now.

Check out the link to my page to view this beautiful home in Ford's Colony in, Nottingham Place or as some call it Nottinghamshire.
   228 Beeston Fields, Nottingham Place, Ford's Colony

You can always contact me anytime if you have questions or would like more information: Elenachando@lizmoore.com or 757-508-5019

Thanks for visiting! 


March 16, 2015

Save Money Today by Deferring



Save Money Today by Deferring
Capital Gains Tax


Imagine saving thousands of dollars on your next commercial real estate transaction.  Section 1031 of the U.S. Internal Revenue Code allows for the exchange of one investment property for another, providing the opportunity to defer the capital gains tax on approved property transactions.  

A 1031 exchange is a method for selling one qualified property, then purchasing another qualified property within 180 days of the initial transaction.   

The process works much like any other commercial real estate selling and buying situation. Because investors are exchanging properties, the IRS allows those investors to defer the capital gains tax on the initial sale.

 There are two points that need to be closely adhered to in order to qualify for a 1031 exchange. 

 First, the total purchase price of the new investment property must be equal to or greater than the property that was sold or being sold. Second, all the equity received from the initial sale must be used to purchase the replacement property.  If there is any shortfall in the purchase price of the similar property, the investor will be liable for any capital gains taxes associated with the sale. 

It can also be used as an investment strategy by realizing the effects of compounding the savings in capital gains and reinvesting it in your new property purchase. The key to getting the best compounding result is to keep all of the money, including the value of the deferred tax, working for the investor. By reinvesting you will maximize the compound yield of your investment at a future time.

March 12, 2015

The Pros and Cons of Refinancing Your Home

The Pros and Cons of Refinancing Your Home

Mortgage rates are low and property values are good, so it may be a good time to think about refinancing your home.

Many people refinance their homes to get lower interest rates, pay off debts with higher interest rates, invest in Registered Retirement Savings Plans (RRSPs), get a down-payment for a property, pay tuition for children or grandchildren, buy a car or recreational vehicle, or do renovations. The maximum loan-to-value percentage for a refinance mortgage is 90%.

The Costs of Refinancing

The costs of refinancing your home will include lawyer’s fees, title searches, title insurance, registration of the new mortgage and taxes. An appraisal may be necessary. The payout penalty of your current mortgage can often be a large cost. You can find the prepayment terms and penalties in your mortgage contract. Your current mortgage lender can tell you or your mortgage agent the cost of paying out the mortgage.

The Benefits of Refinancing

Now that you know the costs, it’s time to look at the advantages. Only you can decide if the cost of refinancing is worth it. When refinancing, many people lower their monthly bills and improve their monthly cash flow. Cutting monthly debt payments will reduce stress and give you the freedom to make other choices.

Using the equity in your home to top up your RRSP may trigger a tax rebate for more than the cost of refinancing ,while boosting your retirement income.

Using the equity in your home for large purchases means you get a better interest rate than if you financed the purchase through other means.

Other uses of equity include helping your children or grandchildren with tuition, buying a second home, or renovating your current place of residence.

Talking with the right professionals will help you make an informed decision.

March 11, 2015

Steps for Making a Penalty-Free IRA Withdrawal


Steps for Making a Penalty-Free IRA Withdrawal  

It’s always a good idea to keep your Individual Retirement Account (IRA) assets untouched until you can withdraw them penalty-free at age 59½, but you may need to make an exception in this economy.

 How can you avoid the tax implications? 

 In most cases, all or part of any early withdrawal from a traditional IRA will be considered taxable income.

 The taxable percentage of the withdrawal depends on whether you’ve made any nondeductible contributions over the years.

 Additionally, you may get hit with a 10% penalty tax.

 It’s likely impossible to avoid the income tax.

 However, you might be able to avoid the 10% penalty tax by taking advantage of the following exceptions to the rule:

 Withdrawals to cover higher education expenses for you or your spouse, child or stepchild or your or spouse’s adopted child are penalty-free.

  • Withdrawals to cover unreimbursed medical expenses that exceed 7.5% of your adjusted gross income for any tax year are penalty-free.

  • Withdrawals to cover health insurance premiums are penalty-free when they’re used to pay the premiums for you, your spouse or your dependents while you are unemployed.

    Many of these techniques are complicated, however.

    For example, in regard to health insurance premiums, you must receive unemployment compensation for 12 consecutive weeks under any federal or state unemployment program during the current or preceding year.

    Thus, you should seek advice from a tax professional or financial advisor before using any of these strategies.

    They can tell you which strategies work best, given your individual financial situation.


March 10, 2015

A Service to Know About in Case Disaster Strikes


A Service to Know About in Case Disaster Strikes


After events such as Hurricane Katrina, we are all more aware of how natural (and sometimes manmade) disasters can turn our lives upside down. 

We all hope it doesn't happen, but if a disaster strikes, one of the first things you will want to do is tell your friends and relatives you are safe and well. 

The Red Cross has set up a website that allows you to do just that. Of course, the service will also help anyone outside the disaster area find out if their loved ones are OK. 

You just go to the site and enter your name and other contact information and then pick from a choice of ready-made messages. Your loved ones can then go to the site and search for your message. 

The only drawback, of course, is that you need access to the Web in order to take advantage of it. The address of the service is: https://disastersafe.redcross.org.

March 9, 2015

Ways to Find Companies That Won’t Cut Dividends

For many investors, one of the most challenging aspects of a recession is the decline in dividends that often accompanies it.

First, let’s review dividends. When a company earns profits, it often pays a share of those profits to its shareholders (directly or through mutual funds). These profits are called dividends. Typically, dividends are paid by well-established companies that generate regular profits but are too mature to grow significantly.

In a recession, many companies cut or suspend their dividends, and we see that happening now. According to Standard & Poor’s, a record number of companies cut their dividends in the first quarter of 2009. As a result, dividend decreases outpaced increases for the first time since S&P started tracking dividends in 1955 - resulting in a net dividend decrease of $77 billion.

How can you predict whether a company will cut dividends?

The size of the company. Many of the earliest dividend cuts were made by large companies. Although smaller companies could be next, the unfavorable investor sentiment resulting from cuts by larger companies could inspire smaller ones to prevent cuts.

The type of stock. Dividend cuts on preferred shares, which are hybrid securities that resemble both stocks and bonds, are rarer than dividend cuts on common shares.

A history of raising dividends. By regularly committing to distributing more of its earnings to shareholders, a company may be signaling that its prospects are good.

Where companies get the money to pay their dividends. Many financial advisors like to see dividends supported by current earnings rather than a company’s nest egg of cash and marketable securities.

Of course, you may not be comfortable poring over a company’s books and researching its history. In this case, you can always help protect yourself from a dividend cut via two standbys: consult your financial advisor, and maintain a diversified portfolio.