Many homeowners I work with overlook some of the tax benefits and implications of their recent purchase / sale of a home. I thought I’d share with you a handy bit of information I found on H&R Block which outlines some of essential tax information for homeowners. As you probably know, you are entitled to many excellent tax benefits in terms of home loan interest, property taxes, and other real estate-related issues. A few finer points to consider: • You can fully deduct most interest paid on home mortgages, but you first mustdistinguish qualified mortgage interest. … (0 comments)
buying: Investment Buying - To Flip or To Rent?
- 01/24/12 06:08 AM
Now is perhaps one of the best times in history to purchase a home. Low interest rates and unparalleled affordability have created a perfect storm for qualified buyers. So does that mean the “flipping days” are here again? Maybe and Maybe not. While there may be shrewd investors out there who have the ability to squeeze out a profit on flipping properties in this market, the margins aren’t always favorable and re-selling can be quite tough. It is, however, an excellent time for buyers looking for a long-term home investment, especially those who want to manage a rental property. There’s … (0 comments)
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