The Moeller Team Blog
As a CPA and Realtor, I provide my clients and Real Estates associates insight into both tax issues and market issues impacting our industry.
ARCHIVED BLOG POSTS
2009
3
Comments
I just got off the phone with a first time homebuyer - our favorite type of client to help. When we starting talking about price range, he gave me a number. He explained that he came up with the number by comparing his current expenses renting to what his new expenses would be with mortgage, taxe...
01/27/2009
5
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While we haven't decided whether or not to adopt a dog yet, we thought it wise to research dog trainers. In our search, I found this wonderful series of statements which remind me why I love dogs so much. If you can start the day without caffeine, If you can always be cheerful, ignoring aches and...
01/24/2009
We have a lot of first time homebuyers who are excited about our current market. They are anxious to buy their first home and also dream of buying investment property while prices and interest rates are so low. The problem is coming up with all the money. Investment loans require equity in your p...
01/23/2009
0
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As of January 23, 2009, there are 241 properties on the market in Anaheim Hills. Of these 241 properties, 15 are bank owned and 85 are short sales (subject to lender approval). Interestingly, 21 bank owned properties went into escrow in the last 30 days. This means that demand for bank owned fore...
01/23/2009
Unconventional Tip #1: Don't ignore overpriced listings in your home search In fact, these may be the best properties in the marketplace. Why? Because no one is looking at them because they are overpriced! This gives our prudent buyers advanced access to properties that are not currently on any...
01/22/2009
1
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Before you make (or don't make) any decision regarding short sales or foreclosures, read this: • Yes ... your lender(s) may forgive a portion of your outstanding mortgage • Yes ... you may be eligible to exclude that mortgage relief from tax • Yes ... you may be able to exclude any gain from the ...
01/19/2009
I was searching for an investment property for a good friend and client this morning and found several variations of this phrase in the agent remarks "Don't call for availability as your call will not be returned." Yes, this is a direct copy/paste and more mild than many. While I appreciate the h...
01/18/2009
One thing that I notice when helping our short sale clients put together their financial statement is that many have substantial credit card debt. As they struggle to make their mortgage payment, they have been making the minimum payments on the credit cards, as their balances grow with 20% inter...
01/11/2009
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As a rule, we're not fans of selling property. Our philosophy is simple: • Buy what you can afford • Take care of it • Hold on to it • Repeat However, if you have to sell - it's important to understand how to compete in a market that is dominated by aggressively priced bank owned and short sa...
01/08/2009
Same savvy investors who wanted to sell their investment property and exclude the gain (except recaptured depreciate) moved into their investment property for 2 years. This allow them to qualify the residence as their principal residence and exclude up to $500,000 of the gain for married people! ...
01/07/2009
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