nevada: TAX CREDIT FOR INVESTORS?
- 11/25/09 04:56 AM
Why has Congress not extended a tax credit for second home buyers or investment property? President Obama just signed the bill to extend the credit for first-time buyers and for buyers who buy a new primary residence with some restrictions. Because of the state of the economy and the real estate market there are many vacant homes at incredibly low prices. If investors get back in the market and buy up some of this inventory it would have a dramatic effect. Why not give them some incentive? The market would start to come back, basic supply and demand, (guns and butter). … (3 comments)
nevada: First- Time Home Buyer Credit Extension
- 11/17/09 07:37 AM
Good news for first-time homebuyers and buyers who want to move to a new home. President Obama signed a bill to extend the tax credit for first-time homebuyers through June 30, 2010. The bill is also a great opportunity for other buyers who are not first time buyers. First-Time Homebuyers- Receive the benefit of 10% of the purchase price or a maximum of $8,000. In order to qualify a buyer must be in a contract to sell by April 30, 2010 and close on the home no later than June 30, 2010. There are some hitches..... Single tax filers who earn … (2 comments)
Why has Congress not extended a tax credit for second home buyers or investment property?
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