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Criminals who file fraudulent tax returns by stealing people's identities could rake in an estimated $26 billion over the next five years because the IRS cannot keep up with the amount of the fraud, Treasury Inspector General J. Russell George said Tuesday.
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The biggest newspaper in the West, the Los Angeles Times, suddenly has a new publisher and a new editor in chief.
Remember, the most important thing about real estate is location, location, location. Finally, it is important to understand the buying requirements and motivations of prospective buyers.
Residential property is the most popular type of investment for real estate developers. However, given the recent downturn in the housing market that resulted from the credit squeeze, some developers are staying away from this market. It is important to remember that when market conditions are sour, that may be the best time for savvy investors to make a calculated bets on real estate.
Real estate agents then further specialize in types of homes, including condominiums, separate homes, duplexes, high value homes, vacations homes, etc. There's plenty to go around.
Commercial property can be empty land zoned for commercial use, or an existing business building or buildings. Its valuation requires a more complex method, taking into account the income potential of the property, historical revenue, cash flow with owner perks removed and much more. Unless someone has extensive business valuation experience, it's better to enter this specialization carefully after time in the business in land or residential property markets.