Archive for September, 2008
NAR Summary of Key Provisions of H.R. 3221 - The Housing Stimulus Bill
I recently wrote about the Modification of Section 121 of the IRS Code as part of the The Housing and Economic Recovery Act of 2008. Here is the summary of the act published by the National Association of Realtors on 8/22/2008.
H.R. 3221, the “Housing and Economic Recovery Act of 2008,” passed the House on July 23, 2008, by […]
Modification of Section 121 of the IRS Code
The Housing and Economic Recovery Act of 2008 that was recently passed included many positive things for buyers and sellers of real estate. One of the downsides to this act is the amendment of Section 121 of the Internal Revenue Code which generally allows homeowners to sell real property owned and lived in as their […]
Financial Freedom Seminar System™ Approved in New York
Financial Freedom Seminar System™ is a unique and hugely profitable franchise received approval from New York in August. Financial Freedom Seminar System™ has been designed as a turnkey operation to help real estate professionals become the expert in real estate in their own backyard. This one of its kind franchise is based on an educational […]
The First Time Homebuyer Tax Credit
The Housing and Economic Recovery Act of 2008 was signed by the President on July 30, 2008. One of the provisions, the Homebuyer Tax Credit, gives a first time buyers up to $7,500 tax credit if they purchase before July 1, 2009. First time homebuyer is defined as, “a buyer who has not […]
Protecting Your Investment: Being a Good Landlord
It is essential that you are a responsible landlord to protect your income-producing property. This consists of more than just collecting the rent. Here are some tips for being a competent landlord:
1. Understand the Fair Housing Laws.
2. Screen your rental applicants; check their references.
3. Make sure you have everything in writing, such as the […]
