Kiamie Real Estate works with investors to help locate residential, commercial, or land properties. Other useful topics are included below:
General information for home buyers
Looking your your next home? Start your search here!
Also, check out the featured listings.
Commercial property for lease with tremendous frontage. Only 1 mile from I-55, this shopping center on Highway 6 in Batesville, MS has two vacancies (Section A and Section C). Section A has road frontage and is ideal for your next retail business or office. The vacancy is approximately 1392 SQ FT. Section C is 680 SQ FT and would be a good fit for an insurance or office location. Lease terms for Section A are $15/SQ FT/YR (NNN) over 3-5 year lease. Lease terms for Section C are $13/SQ FT/YR (NNN) over 3-5 year lease. [...]
Real estate gains or losses affect investors. The IRS is more favorable to taxpayers who live in the property and use it as their primary residence. For a single taxpayer or married filing separately, $250,000 in profit is tax-free. For married couples filing jointly, $500,000 gain is tax-free. Likewise, sellers pay capital gains on any profit that exceeds these amounts. There are two qualifiers. First, you must actually live in the house during two of the last five years before its sale. Secondly, you must have owned the home for two out of those five years. [...]
If an investor purchases a condo for sale in Oxford, MS that is furnished, it can be used for gameday and other weekend event rental! All about investment condos Are you looking at investment condos for sale in Oxford, MS to create passive rental income? Your decision will ultimately hinge on the potential profit and net yield that the investment can make. Airbnb is widely growing in popularity with a 102% increase since 2017. The largest growing demographic are over 60 years of age as well as women. Reporting an average of $20,619 [...]
The regulations will benefit individuals, partnerships, S corporations, trusts and estates engaged in domestic trades or businesses. A business income deduction is available for eligible taxpayers with pass-through real estate businesses. The 2017 tax reform bill brought about Section 199A, the 20 percent business income deduction. The IRS created deduction by way of the Tax Cuts and Jobs Act of 2017. Almost any self-employed person or owner of a pass-through business (such as an S corporation, limited liability company, or partnership) with eligible income can take 20 percent off the top after business expenses are [...]
Meet with your CPA to see if you could qualify and save tons of money with the Section 1031. Tax benefits for businesses owning real estate The 1031 Tax Deferred exchange has been beneficial for individuals in agriculture and small businesses since the 1920's. Over the years, it has provided tax benefits for businesses owning real estate by deferring capital gains taxes. As a result, the business owners have been reinvesting the sale proceeds on assets held for business and investment purposes. The basis of the 1031 Tax Deferred exchange is related to [...]
2017 data shows a decrease in the number of single family homes for sale in Oxford, MS though an increase in sales price. Declining number of homes for sale Throughout the year, there has been declining housing inventory. Several factors play into this trend as shown here. The Wall Street Journal has also cited the effect of Airbnb as a catalyst of rising home prices and rents. For the full WSJ article, click here. National and local rent trends Edward Kung, an assistant professor of economics at the University of California Los Angeles, told The Wall [...]
Sales prices of Oxford, MS homes continue to increase as the population continues to grow. Statistics for Oxford, MS residential market Here is some helpful research data for Oxford buyers, sellers, and property owners. Presented are the Lafayette County and Oxford, MS residential market sales for January - August 2016 and January - August 2017. In addition, it is important to note that the residential market sales include condo/townhouse sales statistics as well. Due to the number of condo/townhouse sales, statistics are likely skewed to this property type. Likewise, the residential market sales are requiring [...]
Shortage of University of Mississippi housing has lead to more off-campus real estate developments. Homes for sale in Oxford MS are driven by three primary factors. With regard to signs of local market strength, many builders are not able to satisfy the housing demand in Oxford. One of the best indicators for increasing growth is the number of new building permits. See this data indicating less units sold in 2017. You can read more about the Oxford housing market statistics in 2017. 3 factors will continue to increase demand for homes for sale in [...]
Oxford condo staging leads to quicker sales One of the keys to selling your Oxford home fast is staging the property. Take a look on the Oxford properties on the MLS. One thing that you will notice in common with the great listing photos is that the staged homes are more welcoming. Likewise, staging invites the home buyer to imagine the lifestyle that could be possible if he or she lived there. Oxford home buyers want to know how they may live in the space Walking into a barren room can confuse some home buyers who [...]
Alert residential real estate buyers in Oxford! More positive news for residential real estate buyers in Oxford! The National Association of Realtors Pending Home Sales Index, an indicator of housing demand, fell 0.8% in May for the third consecutive decline. Economists are speculating that interest rates are unlikely to rebound to pre-election highs of 4.3% amidst concerns of the new administration triggering more economic growth. Mortgage rate trends to 10-year T-bill Mortgage rates tend to follow the 10-year Treasury yields. For this reason, mortgage rates will increase if investors are expecting short-term interest rates to rise due [...]
Searching for a condo in Oxford has never been easier! Virtual tours and electronic signature paperwork has made viewing and offering a breeze. Searching for a condo in Oxford is not without its difficulties, but it's not impossible. Actually, modern technology has made much of the home buying process as close to physical engagement as possible. To find a condo in Oxford before someone else does, get an agent! You will need an agent to keep you posted on new listings that fit your purchasing profile as they come to market. While you can try [...]
Among the second home ownership perks aside from visiting Oxford for events, footballs games, or spending time with family and friends, there are a lot of tax benefits to owning a second home in Oxford. Here are the ways to prosper with your second home purchase. Mortgage interest That's right! You can write off 100% of the interest paid on the mortgage of your second home up to $1 M of debt. This includes total debt taken for all properties. Home improvements Is your owning a second home in Oxford in need of repairs? Make repairs, deduct [...]
Oxford MS housing market predictions Without a doubt, 2017 is showing the real estate market in Oxford is very strong. If the property is priced right, I've seen homes sold in less than 1 day. For some time, there has been a short supply of housing inventory and the response has been to build more. For renters, they have seen prices steadily rise as well. Some national trends such as interest rates will affect the Oxford market though their impact is uncertain. Here is Kiamie Real Estate's Oxford MS housing market predictions for 2017: Rents will [...]
Some first-time home buyers may have additional financing options if HB 1601 passes. First-time home buyers rejoice! Good news for first-time home buyers looking for homes in Oxford and throughout Mississippi! The Senate Finance Committee has passed HB 1601. The Mississippi legislature proposes to create first-time home buyer savings accounts for Mississippians. The First-Time Home Buyer Savings Accounts can be used for saving funds for the purchase of homes by first-time home buyers. Consequently, the first-time home buyer can only access the funds in the account for the down payment and closing costs for [...]
Choosing to buy down the mortgage is never an awful idea, but is it the best use of your money? While we are still in the first quarter, national mortgage rates are up 0.5%. With any increase in mortgage rates, one must wonder if the time is right to buy the mortgage rate on your new loan down to control your monthly mortgage costs. Meanwhile, mortgage rates will rise as the Fed's economic outlook becomes more optimistic. How it works Buying down your mortgage also known as paying points is the method used to [...]
Brand new 23,000+ sq ft shopping center to be built! To be located at 1507 West Main Street in Tupelo, MS, this commercial retail and office commercial lease space will be an L-shaped strip center. For this area of West Main Street, the average daily volume according to the Mississippi Department of Transportation is over 23,000 vehicles/day. The exterior will be a classic brick architectural style for the building facades. Phase 1 of the development will be retail located near the West Main Street entrance. Phase 2 will be quiet office space. Each space will be starting at [...]
A safe bet is real estate investments for the near future. Real estate investments expect to increase for U.S. investors Investors in 2017 and beyond are expected to increase their investments in U.S. markets according to KPMG's 2017 Real Estate Industry Outlook Survey. Real estate fundamentals are regarded as the primary driver of investor interest as well as a growing U.S. economy. Couple this real estate executive optimism with the new U.S. administration's intention to lower taxes and deregulate businesses, there may be a push for increases in new construction and existing home sales [...]
Purchasing an investment property to rent is a very lucrative business in Oxford, MS. With the near endless inventory of students attending and graduating the University of Mississippi, there is constant turnover. You may also choose to rent your house if you are relocating, but wishing to delay selling. A good tenant can help create cash flows to go toward paying off your mortgage more quickly or save for a retirement account. Allowing someone to rent your home is a major undertaking. Many landlords rely on the services of a property manager to address to daily issues. [...]
Housing Opportunity Through Modernization Act could create new financing opportunities for Oxford, MS condo buyers. FHA financing option for Oxford, MS condo buyers As of yesterday (August 1, 2016), President Obama signed H.R. 3700 into law to reduce barriers in FHA financing for condos. During the Great Depression, the Federal Housing Administration (FHA) was formed to insure government-backed mortgages. In turn, this government-backed mortgage instrument provided a greater security for banks to offer more favorable loan terms for the lendee. H.R. 3700 will continue to offer assistance to well-qualified home buyers who are facing [...]
