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Real Estate Investment with Dwight Puntigan
River City Real Estate
Office Phone: 636-946-7273
Cell Phone: 636-219-6242
Welcome to Dwight Puntigan's website
I NEED clients, and the professionals that work with them. Accountants, lawyers, insurance agents, and financial planners are the people that tell us what we need to know. There are several ways that investment property should make money for you every year. Cash flow, appreciation, and depreciation allow you to add to your net worth every year. Cash flow should pay all expenses and overhead plus give you a 5% or more return on your investment every year. Rent obsolescence is when you can no longer raise the rents to keep up with increasing costs of insurance, property taxes, etc. Appreciation should mean that the property is worth more every year. When appreciation is less than the rate of inflation you actually have less net worth. Depreciation allows a tax deduction that lowers your taxes every year till the property is fully depreciated. After about ten years you will be getting about 50% less of a tax benefit than if the tax basis of the property were current. The professionals like your accountant will recognize the propensity for these events to occur. I can recommend a professional to review your situation if needed. Refinancing might allow you to update the tax basis of the property. The IRS Rule 1031 would allow you to defer capital gains, vacate a neighborhood in atrophy, reinvest in an area on the rise, and increase the depreciation deduction. You, your parents, your children, and their children need to know that the family is represented by a REALTOR when any Real Estate question arises. Being a REALTOR is a service business. My rolodex of business cards is always available for “who to call” questions. Rely on me for Real Estate Marketing, Buying, & Investing
Residential
Building Lot
Warren
County, Mo. 63390
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Century 21 Luetkenhaus |
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Dwight Puntigan Email Dwight
Work: 636-980-2121 Home: 636-441-2233 Cell: 636-219-6242 Fax: 800-689-6991 |
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More Photos(15)
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| Looking north Property extends to those first trees near the road. |
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Details |
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Address: 1307 Paisley Plc Type: Farm and Ranch Style: Single Story Suite: No Living Area: square feet Year Built: 0 More Details |
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Description |
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Acerage to build on in a private setting, yet close to Interstate 70. The front part of the lot is an open area with enough slope to build a walkout out or an atrium style home as some of the neighbors have done. About halfway back on the lot is a small pond that the cattle used to use. The back part of the lot is overgrown with brush, but has some trees worth saving. The lot backs to Innsbrook, and has a view of fairway and green. There are several lakes and ponds in the area. More Description |
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| Brokered and Advertised by Century 21 Luetkenhaus LID 1357920 |
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| Information is deemed to be correct but not guaranteed. |
WORKING WITH YOUR REAL ESTATE ATTORNEY
By
Purchasing or selling a home will
probably be one of your largest and most important financial
transactions. Before signing a contract to purchase or sell a home,
both buyer and seller should consult an attorney to assure that the real
estate transaction will be handled legally and professionally.
Although an attorney is not a required part of the process,
particularly in many states where escrow companies will attend to all
closing transaction details, an attorney can protect your interests and
help you resolve any potential legal problems before entering a legally
binding contract.
Sometimes buyers feel the need to sign a contract quickly and don’t
have time to initially consult an attorney. In these cases, buyers can
include language in the contract that will allow their attorney time to
give final approval on the agreement – usually within three to five
business days. This allows both buyers and sellers to expedite the
contract process without fear of inadequate legal representation.
Sellers and buyers alike should familiarize themselves with the
real estate transaction process before selecting an attorney. Learning
the formal steps in the transaction will help buyers and sellers choose
the right attorney and proceed with confidence. Throughout the process,
attorneys should attend to a variety of responsibilities, including
consultation prior to the signing of the contract, preparing or
approving the contract, examining documents and supervising the closing
of the transaction.
The attorney should be responsible for preparing or evaluating
documents which may be necessary for completing transfer of the
property. There are usually several documents to prepare in any real
estate transaction, and the attorney can evaluate and explain each
document to the buyer or seller whom he or she represents. The deed,
the bill of sale, mortgage, promissory note, title commitment and the
closing statement are only a few of the important documents that an
attorney should review with the seller or buyer prior to the closing.
One of the attorney’s most important responsibilities in the real
estate transaction is to determine the condition of the seller’s title
to the property. Through this process, the attorney will discover if
the seller is the legal owner of the property and if there is an unpaid
mortgage or lien which must be settled before the title to the property
can be properly transferred. The attorney will also discover any
restrictions or easements which are on the property and the status of
any unpaid property taxes or assessments.
The buyer, the seller and their attorneys usually appear together
at a final meeting to review all closing documents. As this meeting,
usually referred to as the “closing,” the attorneys help explain, sign
and exchange the documents and approve or clear up any remaining
financial matters relating to the transaction. After the transaction is
closed, an attorney will attend to any final details such as properly
recording the deed, mortgage or other necessary documents and issuing
title insurance policies.
Many attorneys are specialized, and it is important that you choose
one who knows real estate terminology and real estate transaction
processes. Before hiring someone, you should discuss all the details of
the transaction with your possible candidate, including all legal costs
you will incur.
The attorney’s duty in any real estate transaction is to
provide legal expertise. Through sound advice and thorough execution of
all legal responsibilities, a good attorney will help you complete your
transaction swiftly and with confidence.
There
are
several
websites that
I
am constantly
working on.
The
home improvement page,
INMAN
real estate news,
economic news,
are
updated by RSA feed,
and the
blog page
takes
care of itself.
Marketing
information
is
available on
several
sites
and
pages.
MLS
searching
is
available
in about
five
different
formats.
First time
home
buyers,
those needing
down
payment
assistance
or
lease purchase-option,
credit repair and
budgeting,
growing
families,
relocation,
and
buyers
information
pages
are
available.
All the
senior
planning,
downsizing,
reverse
mortgage,
trust,
medicaid
links, and
senior
housing pages
will get
additional
attention. Each
website has
pages on
real
estate
investment,
1031
exchange, and
tenants in
common
information.
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Dwight Puntigan Your Professional REALTOR of CHOICE.
River City Real Estate
1000 Country Club Road St. Charles, Mo. 63303
Phone: 636-946-7273
FAX: 800-689-6991 Cell: 636-219-6242
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