short sales: Tax Benefits of Owning a Home
- 03/07/08 08:55 AM
Daily Real Estate News | March 7, 2008Tax Benefits of Owning a Home Before a home owner curses the troubled housing market, he or she should take solace in the U.S. tax code, which makes buying a home a good deal for almost everyone. Here's why: Mortgage interest deductions, including in some cases mortgage insurance premiums, reduce home owners' tax liability by reducing income. The deduction includes interest paid on both a first and a second home. Interest on home equity loans is also deductible - whether the borrower uses the money to remodel the kitchen or to take a vacation to Disney World. Profits from selling … (1 comments)
short sales: Housing Market Ready to Rebound?
- 02/29/08 04:41 AM
Here is an interesting article that I came across today: Daily Real Estate News | February 25, 2008 Housing Market Ready to Rebound? Is housing about to enjoy a spring thaw or will it remain in the deep freeze? Some observers are optimistic. "I think this is the best buyer's market that has existed in a decade, maybe longer," says Russell Shaw, in his 30th year with John Hall & Associates real estate in Phoenix. "There is tons of inventory, great interest rates, and the prices are back in line. If people have a good track record of paying their bills, the loans are … (1 comments)
short sales: "Ignore the Headlines!" - Dan Kadlec
- 02/25/08 03:29 AM
I came across this article in time.com and found in very satisfying. I want to quote some of what he said: "When prices are falling, few people have the discipline to buy stocks, a house, gold, art or any other asset. But those who do pull the trigger excel in the long run. As John D. Rockefeller famously said, "The way to make money is to buy when blood is running in the streets."" "Risks always seem most acute when the headlines give you ulcers. But that's exactly when you should think long term--and get off your thumbs." View the article at http://www.time.com/time/magazine/article/0,9171,1713483,00.html … (5 comments)
short sales: "Best Cities for Bargain House-Hunters by Matt Woolsey
- 02/19/08 08:00 AM
In a recent aticle by Forbes.com article dated Feuary 07, 2008 they rated Phoenix, AZ as the number 5 place to purchase "bargain" real estate. "Phoenix has a very high foreclosure rate; there's no way around that. Based on RealtyTrac's estimates, there is one foreclosure for every 87 households in Phoenix. Still, our data suggest that strong job and economic growth in many non-housing sectors of the local economy is enough to offset it, and people are still moving to the Valley of the Sun at a quick rate." -Matt Woolsey … (1 comments)
short sales: Wholesale real estate
- 02/05/08 03:01 AM
With the recent plunge of property values it is apparent that now is the time to buy. We are now able to negotiate deals that we have not been able to for the past few years. It is hard to speculate how long this trend will last. In the words of Warren Buffet, "When people get greedy, I get scared. When people get scared, I get greedy." Now is the investor's time to get greedy. You can either purchase retail or wholesale. Our recommendation is the latter. … (2 comments)
Daily Real Estate News | March 7, 2008Tax Benefits of Owning a Home;)
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