1. Tax advantages -  a) Interest deductions – Write off all the interest you pay towards the mortgage.  b) Depreciation 2. Appreciation – Historically appreciates 3% a year average.  Typically keeps up with inflation even with down times factored in.  3. Control – a) Ability to use equity to consolidate debts or invest somewhere else [...]

Market Commentary: The Mortgage Backed Securities market opened up unchanged this morning however has since improved.  Treasury auctions this week were fairly well bid and therefore we are seeing rates benefit from that situation.  Most of the economic information that came out this past week was supportive to steady to decreasing rates. A strong or [...]

Depreciation Factor for Real Estate Investments Take the total value of investment – the cost of the land (which never depreciates) = Building value. Building value / 27.5 (residential) or /35 (commercial)  = depreciation and business expense Example: Property Value = $140,000.  Building Value = $100,000. $100,000 / 27.5 = $3,636 of tax depreciation write [...]

Example costs breakdown from lender, title, etc  representing a Good Faith Estimate based on single family obtainment. Fees are a rough estimate so you know what to expect.  Fees can vary but they should be in this range.  This is what I verify for my clients to ensure they are taken care of properly but [...]

Breaking news!  Congress extends First Time Home Buyer Tax Credit deadline to September 30th for any property that is already under contract.  The tax credit extension is only for those who were already under contract before the previous deadline of April 30th, they now have until September 30th to close and receive the $8000 first [...]