Real Estate Innovation

Should You Join A Wine Club?

Are you unsure about which wines to try? Do you stick with the same wine because you are afraid to try other kinds? Would you be happy to have a supply of wine delivered right to your front door? If you agree with any of these questions, you should look into joining a wine club. They have become more popular recently and there are many positive reasons to consider joining one. Continue reading Should You Join A Wine Club?…

Understanding Trading Options

To properly understand how to trade stock options, the most important thing to understand first of all is the definition of an option and how it differs from trading stock alone. An option is defined as an ‘instrument that conveys the right, but not the obligation, to engage in a future transaction on an underlying security or in a futures contract.’ What this means is that options trading can have more flexibility than investing in a forward or a future, or even straight stock trading. Continue reading Understanding Trading Options…

Option Trading: A Risky But Valuable Investment

Diversifying your investment portfolio is a wise move according to experts. The point of diversification is to minimize risk while maximizing gain. The old adage about not putting all of one’s eggs in a single basket applies to financial investments as well. Continue reading Option Trading: A Risky But Valuable Investment…

Credit Repair: How To Improve Your Credit Score

In this day and age more and more people are finding themselves behind on their bills. With rising gas and food prices and unemployment rising, it can be difficult to make ends meet at times. This leads to people having missed or late payments. As we all know, this can be murder on your credit report. Continue reading Credit Repair: How To Improve Your Credit Score…

Option Trading Doesn’t Represent Ownership

Nowadays, many investors’ portfolios include investments such as mutual funds, stocks and bonds. But the variety of securities you have at your disposal does not end there. Another type of security, called an option, presents a world of opportunity to sophisticated investors. Continue reading Option Trading Doesn’t Represent Ownership…

What is the difference between a Co-op and a Condo?

By Patrick McNamee
Realtor, Century 21 Rainbow Realty
Laguna Woods Village, California

We have both types of homes in Laguna Woods Village, but very interestingly, they are many times the same floor plan!  So you can buy a “Casa Linda” home as either a “Condo” or a “Co-op” but what are the differences in ownership?

Good Question!  In Laguna Woods Village, a Co-op is not any easier or harder to sell than a Condo, it appriciates - or in this current market - depriciates - at the same rate as a Condo.  You get the same benefits tax wise from ownership of either a Condo or a Co-op (i.e. - you can write off your mortgage interest and property taxes).  The only difference is in Laguna Woods Village is the fact that you can only rent out a Co-op for 6 months out of the year, and you can rent a Condo year around.  So if you are an investor, you would want to buy a Condo so you could rent it out.  If this was going to be your primary residence, then purchasing a Condo or a Co-op would not be as big an issue. Please see my web site: www.leisureworldre.com to find out more information about our California Senior Community and the homes for sale here.

What exactly is a Co-op?  The full term is ”Stock Cooperative” and they are a lot more popular back east where they have the brown stone buildings, in New York as an example.

The problem came up in the early to mid 19th century, how can we sell the units in a building? The question comes up, well who owns the land underneth the building? So what they did, was come up with an idea where the Corporation buys the building and then each apartment in the building gets stock in the Corporation based on his/ her ownership share.  To make it simple, see the diagram above, if you have 4 apartments in the building, each apartment/ home would get 25% stock in the Corporation (4 x 25% = 100%)

What you actually get when you purchase a Co-op is a Stock Certificate instead of a Deed of Trust.  Rest assured, it is just as valuable as a Deed of Trust and you can even get a loan on them - or do a reverse mortgage!  Just like a Deed of Trust - getting financing is no problem!

5 Top Reasons Your Cat Stresses Out

As humans we get stressed out all the time, for different reasons. Well, did you know that your cat gets stressed out too? They do. The difference is when we get stressed out we cope with it differently. Cats react with all those behaviors we dread, like cat scratching, potty problems, aggression, and fear. To avoid these many unpleasant situations here’s the things you should know to avoid so your cat doesn’t stress out. Continue reading 5 Top Reasons Your Cat Stresses Out…

Impoortant Facts About Trading Options

The fact that it’s not too tedious to make investments in stock market may surprise you. Anybody who’s having a little capital can now make investments in the market due to the facility of online stock trading options currently available. Continue reading Impoortant Facts About Trading Options…

Make Money Through Option Trading

There are various types of investments available to consumers in the stock market today. A typical portfolio will consist of investments like mutual funds, stocks and bonds. However, some very savvy and sophisticated investors will add option trading to round out their portfolio. Continue reading Make Money Through Option Trading…

The United States marketplace is horrible as of today and American families are beginning to experience it.

The past few years have been awful for the monetary state of the United States. There have beenquite a number of things that have gone wrong thus forcing a great number of U.S. citizens to feel an extreme amount of stress on their financial stability. Our dollar has lost great prominence in the global market and continues to drop which dosen’t bode well for the future. Leaving many consumers ensnared in situations with no real path for escape.In particular those whom are in credit card debt, having to pay monthly credit card bills, will kill many consumers finances leaving them burnt. Continue reading The United States marketplace is horrible as of today and American families are beginning to experience it….