Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
get others to join
This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
Curious as to what others in your profession think about a certain product or tool?
AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
Broken down by categories and subcategories for easy finds
Get an unfiltered look at what real users are saying
Leave a review yourself for others to benefit from
Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
Sign up for the Daily Drop so you don't miss out on AR's daily happenings
Find answers to most FAQ's
Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
And if by chance you don't find what you're looking for, start a new group today!
Get your content in front of more eyes
Search by location or type
Feel free to start your own group
Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
I have gained a reputation for being the guy who always gets the "hard" loans, and most interesting situations, and I have always taken a great deal of pride in finding a way to get them closed. This post falls into the category of "there is no such thing as a normal deal."
I was recently introduced to a young, newly engaged couple interested in buying their first home in Puyallup. I did the usual First Time Home Buyer meeting where I go over what they will need, and how the process works. Normally, this is pretty standard stuff since I am an authorized instructor with the Washington State Housing Finance Commission for First Time Home Buyer seminars. However, this time I was stumped, and was required to research a few options directly with the IRS concerning qualifying for the First Time Home Buyer Tax Credit.
One of the situations that can disqualify a buyerfrom receiving the $8,000 FTHB Tax Credit is buying from a "close relative,"and this couple had an opportunity to purchase a home from the Groom to be's "Step" Grandmother. The property was originally owned by his blood grandfather who had passed away a couple of years ago, and the Title history showed his family name as the only name on the chain of title for decades. I ended up having to go directly to the IRS legal department for an answer, and this one even stumped the instructor for their auditors! Since there was no blood relation between the current owning grandmother the wording of the law worked for us, but because she had acquired the property via inheritance from the direct blood relative that worked against us.
In the end, we were able to sort through all the distractions, and get confirmation that they would indeed get the full tax credit, but not because of the lack of blood relation. Instead, we took the path of least resistance. When non-married co-borrower's are buying a home the tax credit can be split between the buyers in any ratio, or allocated entirely to either one. Since the Bride to be had no relationship to the seller, and they would not be married at the time of the transaction, nor would they be married before the end of this year (therefore they would file taxes separately), we could just allocate the entire $8,000 Tax credit to her as a First Time Home Buyer.
There are other aspects to consider when buying from a relative, such as the maximum Loan to Value limitation of 85% for FHA loans, but I'll blog about those another time. Just be sure to do your researchbefore writing contracts for a transaction that might be construed under the Identity of Interest disclosures. If you are interested in applying for a mortgage, or have other questions, just click Ron Brown FHA & VA Loan Specialist to visit my secure web page, or simply leave a comment.
The views, and opinions expressed here represent the personal views, and opinions of Ron Brown. They are not necessarily the views of First Mortgage Company, and should not be construed as being so. They are for informative purposes only, and any persons reading them are encouraged to research there current relevance, and timeliness before taking any action.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.