Have you heard the latest on the $8000 First-time Homebuyer Tax Credit Program? Great news! Both chambers of Congress are considering bills to extend the deadline from November 30, 2009 to April 30, 2010. So for those who have been sitting on the fence for so long, here is another opportunity.
In addition, there will be a a new credit of $6500 to homeowners who have owned their current home for 5 years or more. This is great news! Congress is actually encouraging investment. I urge all homeowners to take advantage of this program.
Imagine the doors that this can open up for you. Consider the following:
1. Rental income is considered "INCOME!
2. You can own a home while your tenant pay your mortgage
3. Most people who start their business mortgage their home, to get start-up capital
4. This can open up the possibility of the 1031 Exchange for those who otherwise would not be able to.
Wherever you are, it's time to contact a Realtor. To contact me, call 505-350-5882 or visit my website at:
www.LloydMcKenzie.com o
C. Lloyd McKenzie, MBA CDPE, e-PRO
Broker, Realtor®
7001 Prospect Place NE Suite 200 — Albuquerque NM 87110
Phone:(505) 350-5882 Email:Info@LloydMcKenzie.com
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I think this is great news!
At last we have some certainty.