February 25, 2008, By Justin McHenry

Via its Security & Exchange Commission filing today, Visa announced its intention to raise nearly $19 billion in its upcoming initial public offering of stock, which would make it by the largest IPO ever. (The largest to day was AT&T Wireless’ $10.6 billion IPO in 2000.)

Visa intends to offer 406 million shares at an initial price set between $37 and $42. The stock will list on the New York Stock Exchange under the ticker symbol “V”. Thee is still no word on exactly when the Visa IPO will happen, although today’s filing offering greater detail than Visa’s initial SEC filing is a signal that the IPO should take place soon.

Visa’s rival, MasterCard, went public in 2006 and has seen its stock price rise more than 500% since, to over $200 per share.

Click here for today’s VISA IPO filing with the SEC.

A property owner asks about the tax liabilities from selling a property. One possibility is a 1031 tax exchange or a Starker exchange. A 1031 tax exchange involves buying a new property within 180 days.

The latest foreclosure news includes Project Lifeline, a program to delay foreclosures. Other foreclosure news includes huge increases in foreclosures in Albany, N.Y., and in the D.C. metro area.

Some of the latest translation jobs I got will most probably be paid in April, so I have updated my excel file to divide /4 to get the monthly average….it’s still at $1,043!!…

If things continue like this, I will be able to pay off enough debt by May to actually consider the…

One of our neighbors moved out last weekend…she left lots of nice clay pots with dead plants in them outside her house to be taken by the garbage truck…we,er, recycled her pots…I gave niece $10 to buy plants and soil… so, now we have a “renovated” garden, courtesy of our former…

my old one is working fine…but, I saw this cellphone a while back that I liked, but, dismissed instantly because of price ($89!- ha! no way!)…well, now it’s on sale for $39….plus, there’s a new alliance between cc2 and the phone company (the same one I’m currently using) so you…

A couple wants to buy a foreclosed home but is unsure about how PMI figures in. PMI, or private mortgage insurance, reimburses lenders for the balance above 80 percent of the mortgage, if a home becomes a foreclosure.

A reader asks Ilyce for which landlord books she recommends. The landlord books are by Robert Irwin and Robert Shemin. If you want to become a landlord you may want to read these books.

Remember I told you I went to the grocery store and came out with nothing but a flea collar for Fiona?…I should have gotten something else…I should have gotten the milk, which was on sale for $2.95/ bag of 360gm….normal price is $3.55!!!…but, for some strange reason, my brain…

A couple buys a home with a poor kitchen renovation. They want to know if they can hold the seller accountable for the kitchen renovation. They regret buying their home with the bad kitchen renovation.