NounSingular real estate Plural uncountable real estate (uncountable)
SynonymsAntonymsDerived termsRelated termsFrom Wiktionary under the GNU Free Documentation License. Real estate is a legal term (in some jurisdictions, such as the USA, United Kingdom, Canada, Australia and The Bahamas) that encompasses land along with improvements to the land, such as buildings,fences, wells and other site improvements that are fixed in location -- immovable. Real estate law is the body of regulations and legal codes which pertain to such matters under a particular jurisdiction and include things such as commercial and residential real property transactions. Real estate is often considered synonymous with real property (sometimes called realty), in contrast with personal property (sometimes called chattel or personalty under chattel law or personal property law). However, in some situations the term "real estate" refers to the land and fixtures together, as distinguished from "real property," referring to ownership of land and appurtenances, including anything of a permanent nature such as structures, trees, minerals, and the interest, benefits, and inherent rights thereof. Real property is typically considered to be Immovable property The terms real estate and real property are used primarily in common law, while civil law jurisdictions refer instead to immovable property. From Wikipedia under the
GNU Free Documentation License How do you start a real estate holding company and a real estate development company, can I combine the 2? Q. I am 14 and when I get older I would like to start a real estate holding company LLC and a real estate development company LLC. How much money would I need to start one? With the real estate holding company do I get capital gains? Also I would like it to be publicly traded. So what is the best way to go about doing this? Asked by Bdd - Wed Feb 4 13:20:29 2009 - - 1 Answers - 1 Comments A. Wow! what a great question from a 14 year old. a LLC (Limited Liability Company) is incorporated with the Attorney Generals office in the state it is established in. The best way to do that is to go to an Attorney. A holding company and a Development company may be combined into one, have different division or groups to do the different objectives, or even the same people. You can never have too much money to start a company, it's the too little that matters. Your best bet is to save as much as possible, write up a business plan, go to friends and family for investment in the company before you start out and hope to have a minimum of $50,000 to $500,000 to start your company. Then you can go to a bank and borrow, usually 2 to 3 times that… [cont.] Answered by Jim Bob - Wed Feb 4 13:49:26 2009 What should I do to become a real estate developer or investor? Q. Im a senior in high school and plan on going to a community college for 2 yrs.and then 2yrs. at a university and major in bussiness administraion. I think while Im doing that I should intern for a big real estate place like Remax or something because I would like to learn the different areas of real estate like being an agent or flipping houses.I don't know if I should go to Real Estate school after college or what.Any suggestions on what I should do? Asked by gradin_2007 - Thu Dec 21 16:45:39 2006 - - 2 Answers - 0 Comments A. I recently graduated college and I am employed as a commercial real estate appraiser. It is pretty funny; I went to a community college for my Associates and went 2 more years to a university for business as well. I think working in any aspect of real estate is good especially for you and your age. I think working for a brokerage is good because money is not a big object yet and you can work part-time as you go to school. Also, you will get a feel of the business and you will see the different avenues it can take you such as sales, financing, construction, appraisal, commercial/residential investing etc. As an agent you will be exposed to different dimensions of the business. My suggestion is to find yourself while you are in community… [cont.] Answered by tianaramal - Thu Dec 21 19:12:42 2006 If I claim to be a real estate professional for tax purposes, is my income subject to FICA?
Q. I qualify as a real estate professional for tax purposes. I own and manage over 25 rental properties. I have not claimed that status in the past. I have recently married and my husband has retirement and investment income in excess of the maximum income amount allowed under the passive activity rules. If I make a profit from my investments, am I subject to FICA taxes on that income? Is there a downside to claiming real estate professional status? Asked by capn bob - Mon Mar 17 15:20:16 2008 - - 1 Answers - 0 Comments A. First, be sure you really meet the definition of a real estate professional. See IRS link below. If you don't meet this requirement then claiming to be a RE Professional could be tax evasion. Beyond that, if the income is rental income, or capital gains, the answer is no. If the income is active income (i.e. commissions, hourly fees) then it may be subject to self-employment (FICA) taxes. Answered by No4 - Mon Mar 17 15:33:47 2008 From Yahoo Answer Search: "real estate" So Much For Real , Real Estate Recovery: Enormous Drop In Homes Sales
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