Real Estate Queensland

Landscaping and trees. Before selecting trees for any landscaping project that you begin to proceed on - whether it be for your home or camp or vacation property it is always best to scan upwards towards any power lines on or nearby your property. Remember over time that trees do grow and flourish - that is especially with your care as a gardener and landscaper. Safety at the home or vacation property is essential. Safety for your property as well as for your family is everything.

When branches stretch into power lines dangerous situations occur. A tree or even a tall bush that comes into direct contact with power utility lines can be electrified and energized, thus creating more than a safety and personal hazard for people, children and pets at lower ground or even water levels. In addition children and even young adults who climb trees near these power utility lines. Are courting danger and disaster to their health and persons with serious electrical shock and shocks? Have the tree trimmed - either by the professionals afforded by your local power or other utilities. Often all you have to do is ask. Phone, email or write snail mail. If this resource is not readily available or if an unusual long time delay is afforded - then spring for a qualified landscape artist to prune or trim these trees or shrubbery. Not only is your safety of your yard and property enhanced - you will have a more scenic property as well as improving and maintaining the health and horticulture of your estate.

To thus prevent these hazards property owners are advised as well as encouraged to plant trees that will not cause a problem in the future , down the road or what might be said in the paths of their properties. For your project and projects it is best to consider low growing shrubs such as lilac, elder, cotoneaster and flowering crab. Not only will these add color and fragrance, they will attract attention to your yard, improve property and resale values and most importantly will not be in contact with overhead power utility lines.

Most of Manitoba’s popular trees that is including willow, maple, poplar, ash and evergreen will need trimming and maintenance over the span of time to stay safely out of overhead and overhanging power lines. However in some cases, trees may eventually have to be removed, at some point in the future. This generally occurs when these trees become much too large for their immediate surroundings as well as environments. During fierce windstorms large branches are frequently torn from these trees. The results can be prolonged power outages in your direct or even local geographic areas, property damage and damages and sometimes even resulting fire and fires. As a general recommendation as well as safety precaution these species should be planted at least 30 feet (that is approximately 10 meters) away from an adjacent or nearby overhead power utility lines.

Planting trees, especially in the spring time, is almost a rite of the spring time season. Play it safe. Think of safety when it comes to your home or vacation properties. Both plan ahead, plant safe and take the time to maintain your trees and landscaping for safety as well as scenic beauty.

Affordable Rural Manitoba Real Estate Vacation Properties for Rent - Gimli  Lake Winnipeg beaches, Lac du Bonnet  Lake of the Woods North Western Ontario Manitoba Vacation Property Rentals Appeal Real Estate Residence Land Taxes AssessmentsArticle Source:http://www.articlesbase.com/real-estate-articles/springtime-property-landscaping-safety-945896.html

Perhaps it’s our human nature that allows us to create myths and stories about those topics that seem to rise to popularity from the humdrum of everyday conversion. Atlanta Rentals or Atlanta Apartments for Rent is one such  topic. Here have a look at some of the popular myths and let us supply you with the truth.

Myth #1: They’re Expensive!

True, but not really. There are expensive apartments in Atlanta, but then again there are expensive apartments in virtually every city of the world. Keep in mind that Atlanta is a popular city, a “World Class City”, and therefore attracts thousands of new faces from all over the country each month. Atlanta rentals come in all shapes and sizes, from the luxurious to the compact and affordable, and also in a variety of price flavors to suit almost every need. Atlanta Apartments for rent therefore successfully addresses the needs of all its happy inhabitants.

Myth #2: The Right Apartment is Difficult To Find!

Once again, true, but not really. The right apartment is an apartment that basically forms itself around the occupant, you. And seeing as apartments are not built for a specific individual but for a range of individuals, it might well take some time to find the right one. The key lies in finding the right property management agency for Atlanta apartments for rent – an agency that has experience is pairing existing owner managed Atlanta rentals with their correct residents.

Myth #3: There Aren’t Any Good Rental Agencies

There are some, though they take some looking. The secret to finding the right Atlanta apartments for rent lies in knowing what you want, then communicating that information with the property management company  you have chosen. If the agents don’t live up to your expectations or find you a suitable list of Atlanta rentals to choose from, then you might do well to look for another agency altogether.

Myth #4: No One Has Any Tips for Finding Suitable Atlanta Rentals

Well, depends who you ask. We’ve come to realize that the most important thing you can do to find the right Atlanta apartments for rent is to make a list of your basic everyday needs and work from there. This means if you’re a parent of young children, then you’ll probably list schools under “location”. Amenities such as shops, restaurants, theatres and museums – whatever your interests are – should also come under that heading. Also take into account that you’ll be interacting with the people in your area on a daily basis, so it is essential to ensure that they’re the type of people you’ll be able to get along with. Add this to your list and ensure that you ask your leasing agent when the time comes. Other things to ask about include the layout of the Atlanta rentals (whether there are any floor plans to accompany the online Atlanta apartments for rent information), emergency services, etc.

In the end all myths can be dispelled with one single statement: know what your needs are before you start looking at places. That way you’ll be protected against making the wrong choices and you’ll have a greater chance of finding those Atlanta rentals that suit you and your family’s needs.

JAMCO Properties have years of experience in assisting people finding the suitable owner managed Atlanta Rentals . Their detailed lists of Atlanta apartments for rent has helped thousands of people find the place they love, a place they have called “Home”.

Article Source:http://www.articlesbase.com/real-estate-articles/atlanta-rentals-myths-dispelled-about-atlanta-apartments-for-rent-946136.html

When the bank or other financial institution threatens to take repossession of your home it can be a very tense and disturbing period in our lives. One of the nastiest things that could happen to us is to be told that the roof over our heads is going to be taken away and there’s nothing we can do about it. This can be rather unnerving and cause a lot of stress in our daily lives. But all is not lost and if you act in time you can sell your house to a company that deals in buying and selling property even before the repossession proceedings begin.

Actually there are things that you can do to avert repossession from happening in the first place. Most home owners are quite ignorant about this and just allow the banks to walk in and take repossession of their home. At this point one could get in touch with a company that deals with buying and selling property. But even before you reach this stage, you should first speak to the bank. If you know you are having a financial problem as a result of which you are likely to miss a payment in the coming month or two, you must inform the bank immediately. Banks are normally pretty understanding and will do all they can to help you out. They normally end up losing money when they take repossession of your home so they will do their best to avert this kind of situation.

Appeal to the bank for a grace period which is normally three or six months which the bank gives you within which you have to make no payment at all. This is a chance given to the home owner to sort out his financial problems and get his finances back on track. This very helpful as it provides the home owner enough time to perhaps get a job, sell some other asset he might own, wait for some deposit to mature or a payment which is due which he can use to pay the bank a few months later. Buying time is important so the repossession of your home is postponed at least for a while till you have a chance to make things right. If that also fails then you have no better option but to sell your home to a company dealing in buying and selling property which will allow you to continue staying in your home as a renter or a tenant.

The next option is to ask the bank for a longer bond period rather than have repossession proceedings started.  Most home owners are on a twenty year bond and are not aware that it can be extended to even thirty years. This way your monthly repayment amount will decrease a little but then you will end up paying more interest. So if you are having problems with cash, you can have the bond term increased and then reverted back to twenty years once you are comfortable with your finances. Or ask to lessen the total debt amount. Some banks will even do this as repossession means more losses for them. If this also doesn’t work for you talk to a property investor or repossession expert who deals with buying and selling property.

So if you think there might be repossession of your home, do not fear. Visit us now; we deal with buying and selling property and even let you rent back your own home immediately.

Article Source:http://www.articlesbase.com/real-estate-articles/how-to-prevent-repossession-of-your-home-945043.html

If you are struggling to pay your mortgage, in spite of the current low Canadian mortgage rates, you may be wondering how foreclosure will affect your life, and what alternatives are out there. Foreclosure has a serious and long-term effect on your credit history that you should understand before it happens.

Foreclosure and Your Credit Score

Foreclosure is one of the most damaging items you can have on your credit score, other than a bankruptcy, and it will stay on your score for at least seven years. This means that the effects of foreclosure are going to haunt you for a long time, perhaps even after you get your feet back on the ground after your financial difficulties.

The exact amount that your credit score will drop after a foreclosure is going to vary from case to case. If you have very good credit before you face foreclosure, it may not have as devastating of an impact on your score as it would if you have less than perfect information on your score before foreclosure occurs. Remember, your credit score is made from all of your credit report information, not just one event, such as the foreclosure.

Eliminating a Foreclosure

Once a foreclosure is on your credit score, you will have to take action to remove it. It cannot be removed for at least seven years. However, after seven years, you can have it removed, but you will need to ask. Write to all three credit reporting bureaus and ask them to remove the mark. Then, request a copy of your credit score to make sure that it has been removed.

How Low Credit Scores Affect You

If you have never had a low credit score, you may be wondering how it will affect you after foreclosure. Once you have lost your home in the foreclosure process, you will need somewhere else to live. If you want to buy a new home, you will have a hard time getting a Canada mortgage because of the foreclosure on your history. If your circumstances have changed, such as would be the case if you had been unemployed but are now employed in a secure job, you may be able to get a loan. However, you will find that the Toronto mortgage rates you are offered are much higher than the average rate, because you will be considered a high-risk buyer.

Even getting a rental will be a challenge with a foreclosure on your history. A low credit core will also affect your ability to get a loan for a car, a credit card, or any other type of debt. You may even find that getting a job is more difficult, because some employers check credit scores to determine whether or not an applicant is responsible.

Alternatives to Foreclosure

Because of the affects of foreclosure on your credit score are so devastating, it is best to avoid foreclosure if possible. Again, it does not ruin your credit forever, so foreclosure is not the end of your financial future, but if you can avoid it, you should.

One option is to see if you can refinance at a lower rate or for a longer period of time. Toronto refinance rates are low, so you might be able to lower your monthly payment by refinancing, if your credit has not already been damaged.

Another option is to talk to your lender. Lenders do not want to have a property go into foreclosure, so they may work with you to lower your payment for a few months while you work through the problems you are facing. Even with Canada mortgage rates being so low, lenders still make the most money out of active loans, so they will want to keep the loan active if at all possible. However, make the effort before your loan goes into default, because lenders are typically unwilling to work with borrowers who have already stopped paying. Be proactive, and you may be able to avoid foreclosure altogether.

View the latest rates from the top Canadian companies. Use our mortgage rate calculator Canada to compare mortgage rates so you get the best mortgage rates and save money.Article Source:http://www.articlesbase.com/real-estate-articles/how-foreclosure-affects-the-credit-rating-945089.html

Business owners that are looking for viable commercial mortgage loans should look hard at SBA financing.  These loans continue to close and relative to other sources of capital, like conventional bank loans, SBA financing is much healthier.  In addition, SBA loans have many advantages over conventional financing, which we discuss below.   

But first, let me address a few common concerns with SBA financing.  The SBA has a bad reputation with many, as being overly cumbersome.  And granted, if you work with the wrong bank, you will likely double the processing time to get the loan done.  Many banks that are not fully focused on SBA loans, will have to have their loans underwritten twice, once by the bank, than by the SBA…  If you go with the right source, your loan will only have to be underwritten once. 

The other common concern is that people have a misperception that if one bank declines the file that the loan request must not fit the SBA guidelines and is not eligible.  People need to keep in mind that banks finance deals, the SBA only guarantees the debt for the bank…  And banks guidelines are almost always more restrictive than the SBA’s.  If you have been declined, keep looking and find out why.    

Commercial Mortgage Loan Vs SBA Financing 

Highest loan to value in the business.  SBA loans go up to 85% financing on refinances and 90% on purchases.  In addition, it is common to roll all cost of a project into a loan.  For example, if you where purchasing an office building for $800,000 and needed an additional $200,000 for renovations and equipment for $200,000, you would be able to get 90% financing on the $1,000,000… 

Most conventional financing would require you to put 30 – 40% down on the $800,000 purchase price and the renovation/equipment financing would be up for grabs.  You would likely having to pay for those items in cash. On refinances, conventional commercial mortgage loans now rarely exceeds 60% loan to value.  Again 85% with SBA vs. 60% conventional; this is the decision maker for many businesses. 

25 year amortization with fixed periods ranging from 3, 5, 7, years is still available with the SBA.  Conventional commercial financing is now capped at 3 -5 year fixed rates with amortization schedules rarely exceeding 15 - 20 years.  These shorter amortization schedules increase monthly payments significantly and can be a serious drain on cash flow. 

No balloon clauses with the SBA.  SBA loans are fully-amortizing, meaning that they pay off by the end the amortization period.  Most conventional loans will have a structure such as a “3 year fixed period, with a 10 year term, on 20 year amortization schedule.”  At the end of the 10 year term, the borrower faces a balloon.  With SBA financing there’s never any pending balloon that could very well put the borrower in a bad position.    

Relatively low prepayment penalties with the SBA loans.  On a SBA 7a loan, the pre pay is 5% in year one, 3% in year two and 1% in year three, gone thereafter.  The borrower is allowed to pay down the principle by up to 25% of the balance without incurring the prepayment penalty.  Compared to the typical conventional prepay at 5% for 5 years or a 5% step down, the SBA pre pay is cheap and more flexible. 

None of the above really discussed the most important point of all – that SBA loan are the most viable and reliable sources of commercial mortgage loans in the business today.  The credit crisis will likely to continue for another year or more.  These loans are still closing while many conventional loans die while the loan is in underwriting, costing the borrower thousands of dollars and two to three months of wasted time and effort.  

Jeff Rauth is President of Commercial Finance Advisors, Inc out of Birmingham, Michigan. He specializes in Commercial Real Estate Loans between $400,000 - $5,000,000, nationwide. 248 885-8797 or at SBA 7a Loans or Commercial Real Estate Loans Physician Loans

Article Source:http://www.articlesbase.com/real-estate-articles/commercial-mortgage-loan-vs-sba-financing-944127.html

The main reason to take a jump into the real estate business is that vast arrays of choices are available in real estate auctions. The numbers of options available are literally innumerable and there are certainly many real estate foreclosure auction bargains available. Though the current situation is very bad, it is very sure that the real estate business will be back its old state soon.

This demand will never come down as long as there are people since there will always be a necessity for homes. Some people consider property as gold even today.

Do your homework

The most important thing in real estate is fortitude rather than luck. Real estate business must not be taken up by those who are frail, and those who are looking up for instant profits. Real estate auctions are truly for those who are looking out for profits in the long run.

In order to make an extra little money in real estate you have to do your homework properly. you must study the market situation before taking decisions; it is also advised to make an exact analysis of a budget also. It is always good to make a note of what your dream property is, compare these notes with the property and make a wise decision.

Trust in yourself

Don’t think that you can make instant profits in foreclosure auctions. You must also try to eliminate the feelings that you have been playing with real estate all along your life. These ideas are highly undesirable. You must always wait until your dream property matches with the property that is being sold. He/she must at least plan on holding the property for at least three years.

You must also remember that we should not blindly trust anyone’s words. It is always advised that you go to the property and make a detailed check of the property completely and make sure that the descriptions match one another, this way we can make sure that you are not being cheated.

Currently there are far more number of real estate foreclosure auctions than previously, this does not mean that you have to act hastily and make a bad buy. Take your time and seal a great purchase.

These are the basic things that you must make sure before making a buy, always remember that the true value of a property can be realized only a few years after you have brought the property, awaiting immediate gains is stupid and definitely not worth the pains endured.

Discover how to find bargains in real estate foreclosure auction. Learn how to avoid home foreclosure.

Article Source:http://www.articlesbase.com/real-estate-articles/real-estate-foreclosure-auctions-bargains-944219.html

Turkey is one of best places to invest your hard earned money. Today, Turkey is one of the top ten holiday destinations in the world. There is an increase in the number of visitors mainly because more and more people are learning about the many positives Turkey has to offer. People visit Turkey from around the globe as this is the most popular holiday spot in Europe. Turkey witnesses 300 days of sunshine and sandy beaches.

There are a number of reasons why one should invest in homes in Turkey. Read on to check those out:

1. Affordability: Take the advantage of the property market today to make the most out of it. Invest in properties in Kusadasi, Bodrum, West Mediterranean, Istanbul and Aegean regions in Turkey at the best possible prices. These properties will amaze you with the amount of luxury for the price offered.

2. Foreign investment: The Turkey government encourages the foreigner investor to invest in Turkey. They welcome foreign investment with open arms and work hard to make the path smooth for the investor by providing simple investment procecures.

3. Future investment: Buying Turkey villas and apartments is a wise investment decision for securing your future. The real estate market of Turkey is booming, so in few years your purchased property price can become twice what it’s worth today.

4. For Rent: You can even buy an apartment and rent it out to the visitors who come to Turkey for a holiday or longer stay. Rental yields of 10% can be easily achieved. Many visitors opt for beachside apartments or villas for rental accommodation. So renting out a property in a suitable location can be profitable for you.

5. Weather Conditions: Turkey has one of the perfect climates and for some the wonderful weather conditions is the only reason they choose Turkey. Turkey has more than 300 days of clear blue sky and the humidity is low. This is a country that works well for those with asthma problems due to the dry conditions.

6. Applied for European Union: Turkey has applied to become a part of European Union. When this application is accepted in the next few years, then it will be easier for Turkey to gain the status of other European nations and open its doors to the world. This will surely help in improving the economy and infrastructure of the country, making it more alluring for the visitors. The application to become a permanent resident will easily be sanctioned then.

7. Beautiful Country: This country has a wonderful climate, delicious food and great infrastructure. Luxury resorts, excellent views, arresting mountains inland, golf courses and other sports activities, which will simply leave you spellbound.

Here are some of the reasons which might have convinced you to invest in Turkey properties. What else do you want in your life! You get so much more than you ever thought of by purchasing Turkey properties.

Azure Investment Property is offering exclusive luxury home in Turkey. Investment property in Turkey is one of the best options available at hand. For more properties near Cyprus region, call us at 0845 070 4327.

Article Source:http://www.articlesbase.com/real-estate-articles/reasons-to-invest-in-turkey-properties-942716.html

You might think that lofts are only a housing option in a big city, but in reality there is an increased demand for this trendy living space and they are becoming more common as a result. Lofts are an attractive option for anyone who isn’t interested in the upkeep that is entailed with a single-family dwelling but who want a home with more character than a standard condominium usually offers.

Lofts are usually renovated spaces in buildings built for industrial purposes and tend to be located in urban areas close to many amenities. Due to their humble beginnings, they often have an open floor plan as well as high ceilings. Depending on the age of the building that your prospective loft is built in and the original purpose of the building it may also have the original wood floors still in place.

Some lofts are designed as dual-level spaces to take advantage of very high ceilings and some are single story. A single story loft might take up a large portion of the floor that it is located on. One of the benefits of lofts is that because they aren’t situated in an apartment building with level on top of level of occupants and apartment next to apartment, you will tend to have fewer neighbours and the building is often quieter as a result.

Lofts come in a variety of levels of finishing. In the case of a new loft or ones that have had a high level of finishing done, they appear to be high-ceilinged, open-concept condos. They can also be finished so that the wiring and vents are left exposed as well as the brick or concrete walls are exposed, retaining the loft feel. Lofts can also be “raw” or unrenovated spaces that you can purchase for the purpose of renovating yourself. These unfinished lofts may be completely amenity-free but can be a worthwhile purchase if you want full creative control over how your living space will look.

Lofts are sometimes zoned for the residents to both live and work in their space. Some buildings even renovated with an eye towards artists using their lofts as a studio as well as a living space. Many people who work at home can benefit from having a loft home zoned for work and living in as it provides a tax break and negates the usual costs associated with commuting.

If you are looking for something a little out of the ordinary for your living space then an interesting loft space might be just the thing. For best results, contact an agent in your area or in the area that you’re looking to move to who specializes in lofts so that you have an expert on your side.

At VancouverPropertyFinder.com, the Vancouver MLS listings are at your fingertips. You can perform a customized search for properties throughout the Greater Vancouver area, including Mt Pleasant homes for sale.

Article Source:http://www.articlesbase.com/real-estate-articles/lofts-is-this-trendy-home-for-you-942793.html

Short sales are real estate deals that take place when a home owner that is in financial trouble makes an agreement with their bank to sell the property to avoid reaching the point of a complete foreclosure. When the home owner opts for a short sale it has less impact on their credit rating than if they foreclose on the property.  For investors, such as a short sale specialist, the creation of a situation where they bring together sellers and buyers and fund short sale deals can be very profitable.

With the current economic crisis, there is a significant increase in the number of home owners who are choosing short sales over foreclosure. When an agreement is made for a short sale, the bank often sells the home at a discounted price, to recoup costs and mortgage debt. A short sale specialist can take this situation and create the opportunity to assist the distressed homeowner, structure a short sale deal and profit by securing a buyer for the property.

When faced with foreclosure, short sales are the primary solution that desperate owners are turning to in droves. In 2008 alone, some 2.33 million properties went into foreclosure - resulting in 860,000 families losing their homes. When the short sale option is taken up, usually the bank sells to a buyer at a significantly discounted rate. While the bank may forgive any remaining amount owed on the mortgage this is not always the case.

Generally, in the case of a short sale, the current owner owes more than the current market value of the property. When an owner is in financial trouble, the short sale option remains a better choice than foreclosure. In the short sale situation, any deficiency between what is owed on the property and the sale price equates to a deficiency in what the bank is able to recoup.

Currently, the IRS is providing tax breaks to current owners who enter into a short sale on their primary residences until 2012.  If the owner gets any income related to debt forgiveness, this is excluded from taxes up to $2 million ($1 million if married and filing separately.)  In order for the owners to receive the IRS benefit, it is essential that they secure willing buyers to purchase their property before foreclosure.  As a short sale specialist, you can provide solutions for those facing this tough financial decision. Before the property goes into foreclosure, short sales offer sellers the best possible outcome in a truly difficult situation.

As a short sale specialist you can create and fund short sale deals, providing families with a better solution and options in the face of foreclosure.  With knowhow of the short sale process, you have the opportunity to put together a short sale deal that will dramatically improve the future financial outlook of a distressed home owner.

Julian Lee is an experienced Real Estate Investor and Internet Marketer in South Florida who actively flips properties and leverages the power of the internet to close more deals. To find out more about getting private money to flip short sales and bank owned properties, please visit http://PrivateFundsForDeals.com and register for a free report

Article Source:http://www.articlesbase.com/real-estate-articles/how-to-help-homeowners-as-a-short-sale-specialist-940082.html

We all have big dreams for our lives.  One of those big dreams might be to own a large and fabulous mansion one day. 

 Many of us have an idea of what a mansion should look like, but we don’t always have to imagine it.  There are some fabulous mansions that we already know about or at least that already exist.  Many of them are owned, or have been owned, by some big name celebrities in the Los Angeles, Hollywood and Beverly Hills area.  Let’s take a look at four intriguing mansions.

 The biggest mansion in California is the Aaron Spelling mansion.  How big is it?  How does 57,000 square feet, 123 rooms grab you?  And that doesn’t include the 17,000 square foot attic, or the basement, which has a bowling alley.  This mansion is meant to be lived in, and if you never left you wouldn’t ever know it. 

Talk about luxury!  How about more than a dozen large bedrooms, 26 bathrooms, multiple living rooms, including one that’s actually a screening room, where a 23 foot screen comes up in the middle of the floor, the shades automatically close, and some pictures raise up to reveal the projector?  The house has 30 foot ceilings, and most of the rooms have European chandeliers.  There’s a library, beauty parlor and barber shop, home gym, two pools with a spa, three kitchens and a wine cellar.  All of this and more on around 5 acres of property; amazing.  It’s not quite Buckingham Palace, but it will do.

 And guess what?  It’s now on the market, with an asking price of $150 million; practically a steal!  After all, Mariah Carey is rumored to have bid on the “much smaller” 53,000 square foot Fleur de Lys mansion, formerly owned by billionaire David Saperstein, which is on the market for “only” $125 million.  She must be slumming.

 And what about “poor” Oprah Winfrey, having to live with her 23,000 square foot, $50 million, 6-bedroom mansion on 42 acres of land?  Winfrey’s mansion has 6 bedrooms, 14 bathrooms, 10 fire places, and a home theater, a lake, tennis courts, and an orchard.  Truthfully, she bought it for that amount back in 2001; now it’s been appraised at around $85 million.

Then there’s the Playboy mansion, which every male over the age of 15 has been hoping to get an invite to at some point in their lives for over 40 years.  Hugh Hefner’s mansion is just under 22,000 square feet, with 29 rooms including a game room, wine celler, a zoo, and a special room known as the “Elvis Suite” that no one except Hef has seen since the early 70’s.  Oh yeah; he has a smaller mansion next door that his former wife lives in, which has just gone on the market for $28 million.  This mansion is valued at $50 million.

Finally, we have the one time mansion of rapper M.C. Hammer.  This wondrous mansion of excess, at least considered so at the time, is over 11,000 square feet and the only ranch style mansion on the list, which makes it look bigger than it really is.  It sits on 12 acres of land and has six bedrooms, Italian marble floors, a recording studio, tennis courts, a bowling alley (celebrities seem to like bowling), a 33-seat theater, two pools, and exercise room with two saunas, and its main outdoor feature, a waterfall, which he considered as one of the centerpieces of the mansion.  At one time it was worth around $9.5 million, but after he declared bankruptcy he sold it for around $5.8 million, and its value right now is around $8 million.

Do you want to live like a celebrity?  Think big; buy a mansion, and live it up.

Luis Pezzini
Broker/CEO
www.SunsetStripRealty.com
lpezzini@SunsetStripRealty.com

Article Source:http://www.articlesbase.com/real-estate-articles/the-best-place-to-buy-a-masnion-940109.html