by Attorney William Bronchick
Taxes are your biggest expense in your lifetime, so choose your source of income wisely! Real estate has some of the BEST TAX BREAKS of any investment in America!
The more you earn through your job, the more you get taxed, and the system is setup that way to punish hard workers and reward investors. Have you looked at the bottom stub of your paycheck ...
by Broderick Perkins
It could be a good time to invest in real estate, given the abundance of foreclosures and other distressed properties with reduced prices.
It could also be a bad time to invest in real estate, if you don't know what you are doing.
There's the rub.
"It's a good time to invest, but it is difficult. Now when you go out to invest you are competing with a dozen offers. The ...
Hold the fees please. How to save if you're buying a new home or just refinancing.By Sarah Max, CNN/Money senior writer
BEND, Ore. (CNN/Money) - With mortgage rates still as low as they are, financing a house is dirt cheap these days, right?
Not if you pay a fortune in closing costs.
As anyone who has shopped around for a mortgage knows, it's extremely difficult to compare ...
The Housing Market is Showing Signs of Life – Has Economic Recovery Begun?
Good news is pouring in from the U.S. housing market – both new and existing home sales are on the rise. Could this signal the beginning of the end of the economy's woes?
New Home Sales
According to the Commerce Department, new home sales grew by 11.0 percent in June from May figures to a seasonally adjusted annual ...
This Month in Real Estate
You can lower your tax liability by getting a fresh assessment of your home’s value.
By Amy Hoak of MarketWatch
Communities are feeling the sting of tumbling property values as more taxpayers appeal their assessments — and successfully lower their tax liabilities.
Take the Las Vegas area, an area hard-hit by price declines. More than 6,000 taxpayers — including ...
$8,000 savings has drawn many to market
Globe Staff And Wire Services / September 17, 2009
The White House is considering extending an $8,000 tax credit for first-time home buyers, which has helped to boost sales by more than 1 million this year.
Spokesman Robert Gibbs said the administration’s economic team is evaluating the tax credit’s effect on new home ...
by Attorney William Bronchick
“Flipping” is the buzzword of the year in real estate - flipping books, flipping articles in the newspaper, and even flipping shows on TV! What is flipping, how does it work and how you can profit?
Flipping simply means buying a property and reselling it quickly, as opposed to holding on to a property long term as a rental. Flipping comes in several varieties, ...
By Monica Hatcher
McClatchy Newspapers (MCT)
MIAMI - After closing on his first home recently, 83 year-old Alget Campbell got some disappointing news: He would not qualify for the first-time home buyer tax credit.The fine print of the tax provision, which gives a credit of up to $8,000 to buyers who have not owned a home in the last three years, disqualifies individuals whose spouses have owned a ...
Mortgage Broker vs. Mortgage Banker
by Bill Bronchick
Many consumers assume that “mortgage companies” are banks that lend their own money. In fact, a company that you deal with may be either a mortgage banker or a mortgage broker.A mortgage banker is a direct lender; it lends you its own money, although it often sells the loan to the secondary market. Mortgage bankers (also known as “direct ...