Berkshire Hathaway Home Services Verani Realty agents, staff and guests gathered Friday night, January 31, for a fun and festive 20s themed evening of dinner, dancing and celebration at the Doubletree by Hilton Hotel in downtown Manchester. The annual event celebrates the top performers for the brokerage in the year prior. The Commercial Division came away from the evening with six awards for its Advisors.
It’s that time of year again...The Holidays are behind us and we can look forward to more turmoil in the year to come. One thing we can be sure of is that in this case politics can be put aside - the Tax Man has no party affiliation. As you sharpen your pencil to calculate last year’s bite from Uncle Sam, don’t overlook the sometimes forgotten State and Local taxes that lightened your pockets last year.
So you have a prime piece of land you want to do something with. You know you can get a good price if you sell it, but something in the back of your mind says “I wonder if it would be better to lease it to someone for 20 years instead?”. Who leases empty land anyway?
This year’s holiday season is looking favorable for retailers. With the economy, household incomes and employment levels holding steady, ICSC is anticipating a 4.9% increase over last year’s $832.3 billion holiday sales. The average American adult is expected to spend nearly $700 on holiday-related items including gifts and decorations.
Change is inevitable. Over time we all age, and this is also true for real estate. In 1986, the Pheasant Lane Mall opened their doors to the public and, at the time, it was the only mall in the Southern New Hampshire area. People drove for miles from up north and Massachusetts to come to this major destination point. Over time, businesses began to pop up along the Daniel Webster (DW) Highway corridor in Nashua. With New Hampshire being a “tax free” state, this area experienced tremendous growth!
Anyone remember the ‘80’s and the “New Hampshire Advantage” – low property taxes, no income or sales tax, plenty of job opportunities, affordable housing, and a State consistently ranked one of the best places to live in the country? Some of that still applies. We still have no income or sales tax, and we are occasionally ranked one of the best places to live.
The American financial expansion continues and, with few exceptions, prosperity continues to flow across the country!
Berkshire Hathaway HomeServices Verani Realty's own Lindsey Goodrich, of the Commercial Division, was featured in the September 6, 2019 issue of the New England Real Estate Journal. This issue spotlighted the women in commercial real estate (CRE) in New England and Lindsey was in great company with fellow female CRE advisors.
Two Options for Passive & Active Investors
Wealth managers, CPAs and attorneys often ask me about using retirement accounts to buy investment real estate and business assets. This is something we have successfully done many times. It is a fantastic source of capital, but you need to know the complete array of options and rules in order to do it right. There is more than one way to do this and selecting the right option is critical. In this post I will briefly talk about the opportunities and pitfalls in two different options: self-directed retirement accounts for passive investments and the Rollover as Business Startup method known as ROBS, for active investments.
You’ve passed the test and earned your license and your neighbor just told you they want to sell their house. Now what?
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