Taylor Repo Mobile Homes

A shrinking economy and frozen credit markets are a lethal combination for real estate investment trusts. The Dow Jones Wilshire REIT index lost 34% over the past year through February 6, as investors concluded that these toxic conditions would force many REITs to pare back generous common stock dividends. REIT preferred shares did just as poorly. Nevertheless, preferred issues from some of the stronger players are worth a look. They yield 9% to 12%, and their dividends are shielded by an added layer of protection: A REIT would have to eliminate its common dividend before it could reduce its preferred payout. “The reality is that most REITs aren’t even going to cut their common dividend,” says Jay Leupp, who runs Grubb & Ellis AGA Realty Income fund and invests 80% of its assets in REIT preferreds. REITs own a variety of property types and usually pay out almost all of their profits as dividends. While the holders of common stock can expect rising dividends and share p...

Whether you use your vacation getaway every weekend or just a few times a year, you may want to rent It out occasionally to offset some of your expenses. That’s fine, as long as you don’t set off any alarms with the internal Revenue Service. 1. If you rent out your house for 14 days or fewer during the year, you don’t have to report the rental income on your tax return. And there’s no limit to how much you can charge. The house is considered a personal residence so you deduct mortgage interest and property taxes just as you do for your primary home. 2. If you rent out your house for more than 14 days, you become a landlord in the eyes of the IRS. That means you have to report your rental income. But it also means you can deduct rental expenses. It can get complicated because you need to allocate costs between the time the property Is used for personal purposes and the time it is rented. 3. If you use the place for more than 14 days or more than 10% of the number of days ...

We’ve recently purchased a new mobile home in Grand Prairie, Texas and need to get it insured. What are the things we should consider for our mobile home’s insurance policy? Judith & Dan Grand Prairie, TX A good mobile home insurance policy should include protection on the ff: Your personal items or possessions, coverage for liability, and insurance on your actual house and its immediate surrounding properties. Once you shop around for your Grand Prairie, Texas home’s insurance, one of the most important things to ask is if your personal possessions inside the house will include in the coverage.  Once you do, it is recommended that you take a complete inventory of everything that you own, take a picture and label each possession and have it store somewhere secured. Although this is a bit of an effort, it will all be worth it in the event that you will need your insurance to cover your possessions. Next will be liability insurance , which means prot...