Should You Pay Off Your Home Mortgage in 15 Years or 30 Years?

Should You Pay Off Your Home Mortgage in 15 Years or 30 Years?
Tuesday, August 31, 2010 by Doron F. Eghbali

Data indicate an increase in the number of people choosing to pay off their home mortgages faster. In fact, relatively more people chose 15-year fixed rate home mortgages for refinancing as opposed to longer periods between January to June of 2010. The question then arises if shorter loan period is suitable for every homeowner given the underlying fear of debt in homeowners and yearning to pay off debt sooner. Let us explore this question further.. Read More

Posted at 10:20 AM  |  PERMALINK
Topic: Residential Real Estate

What Are Some Tax Implications of Real Estate Flipping?
Monday, August 30, 2010 by Doron F. Eghbali

In this uncertain and volatile real estate market, some people with available cash purchase relatively undervalued properties, make some improvements and wait to sell them at a profit. Despite the pros and cons of such real estate investment strategy, such investors should be wary of some of the most immediate tax implications of such practice…. Read More

Posted at 13:45 PM  |  PERMALINK
Topic: Real Estate

Is Office Leasing Rebounding?
Wednesday, August 25, 2010 by Doron F. Eghbali

There are some indications more office space is being leased. However, the figure could be misleading as more businesses are reducing the square footage leased per employee. In other words, businesses are adjusting themselves to a prolonged sluggish business environment for a foreseeable future…. Read More

Posted at 09:59 AM  |  PERMALINK
Topic: Commercial Leasing

How Could You Protect Your Business Assets Against Personal Guarantees?Monday, August 23, 2010 by Doron F. Eghbali

In this business environment, obtaining business loans is very challenging. Even if a business entrepreneur is successful at securing such funds, then the lender most probably asks for a personal guaranty. The personal guaranty most likely would defeat the corporate shields built into corporate entities such as corporations, limited liability companies and limited partnerships. However, there could be ways to mitigate one’s exposure to loss of personal assets…. Read More

Posted at 19:24 PM  |  PERMALINK
Topic: Business Planning

How Could You Avoid Farud in Your Small Business?
Thursday, August 19, 2010 by Doron F. Eghbali

One of the most troubling concerns bedeviling small business owners is fraud by the people they have entrusted to run their businesses. it behooves us to take reasonable precautions to keep at bay such fraudsters wreaking havoc on our business and lives. Let us review some of the tips we could easily put into practice to protect ourselves…. Read More

Posted at 11:09 AM  |  PERMALINK
Topic: Business Law

How Should You Read Fine Prints of a Contract?

Tuesday, August 17, 2010 by Doron F. Eghbali

We have all seen contracts with fine prints. They are very difficult to understand and yet we feel obligated to sign them because we need to get the credit card, lease the car or download a product. In such circumstances, we usually do not have any bargaining power. This is the kind of take it or leave it contract. Let us see, if we could to some extent shield ourselves against such business practices…. Read More

Posted at 15:55 PM  |  PERMALINK
Topic: Business Law

How Could You Obtain Lower Mortgages Now?
Monday, August 16, 2010 by Doron F. Eghbali

Real estate market is still undergoing a strategic metamorphosis. In fact, many home prices are still depreciating further and apparently we have not yet hit the bottom. This creates an auspicious opportunity for people who can afford to purchase homes at bargain prices. However, the rates could largely vary from a large bank to a small bank. Let us see how to best secure the lowest rates possible…. Read More

Posted at 09:41 AM  |  PERMALINK
Topic: Real Estate

How Should You Report Taxes for Stocks Received by Gift?
Saturday, August 14, 2010 by Doron F. Eghbali

We might have received stocks as gifts. The question that arises is how such gifts affect our taxes. Let us analyze this rather complicated subject in a relatively simple way…. Read More

Posted at 14:10 PM  |  PERMALINK
Topic: Business Law

When Should You and Should Not Refinance?
Thursday, August 12, 2010 by Doron F. Eghbali

Some homeowners may think refinancing to a lower rate is always the best idea. Let us analyze when you should refinance, if you can, and when you should not refinance…. Read More

Posted at 22:32 PM  |  PERMALINK
Topic: Real Estate

Debit Cards Are Not Without Their Pitfalls
Tuesday, August 10, 2010 by Doron F. Eghbali

As more people are pushed out of credit card market because of credit card companies’ stringent rules and procedures or more people voluntarily seek to use the money they have come to use the money they have not their credit, relatively more people have come to use their debit cards. Nonetheless, debit cards are not without their pitfalls. Let us further educate ourselves about this important development…. Read More

Posted at 10:37 AM  |  PERMALINK
Topic: Business Law

Residential Real Estate May Still Have a Long Way to Recovery
Thursday, August 5, 2010 by Doron F. Eghbali

Optimistic about any imminent recovery in residential real estate market? Well, some figures might not prove us to be as optimistic. In fact, by looking at two numbers we get a clearer picture of the status real estate market: First, by looking at the number of unsold homes and then comparing such number to the number of homes that could be sold each year. The picture we get is not very optimistic.Read More
Posted at 19:50 PM  |  PERMALINKTopic: Real Estate

Would You Have to Pay Taxes on Personal Injury Awards?
Wednesday, August 4, 2010 by Doron F. Eghbali

Hopefully, we never have to worry about personal injury awards we receive. However, if such eventuality befalls us, we generally need not be worried about reporting such awards for income tax purposes. Let us further analyze this.Read More

Posted at 16:40 PM  |  PERMALINK
Topic: Business Law

How Could You Save On Purchasing a Car?
Wednesday, August 4, 2010 by Doron F. Eghbali

Most of us have purchased a car. Nonetheless, we all might have missed some small details that could have saved us a few thousand dollars. These would include knowing what Annual Percentage Rate (APR) we are eligible for before financing, shopping online to the extent possible and not pay for any extras…. Read More

Posted at 14:05 PM  |  PERMALINK
Topic: Business Law

How Could You Trade Up Your Home in a Volatile Real Estate Market?
Monday, August 2, 2010 by Doron F. Eghbali

Many of us might have thought about selling our home and getting a better place while the real estate market is still down. Nonetheless, we have pondered we have to sell our house at relatively lower price and yet there are no real purchasers. Then, even if our home is sold, then we have to become qualified for a new mortgage in this tight lending market for a relatively more expensive house . Nonetheless, there might be ways to try to take advantage of the volatile real estate market…. Read More

Posted at 15:49 PM  |  PERMALINK
Topic: Residential Real Estate