Jeannie Niles Real Estate Investment
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$8000 Tax Credit for First Time Home Buyers in 2009
The just passed stimulus bill gives a first-time home buyer a tax credit of $8,000. Homebuyers must have purchase a home after Jan. 1, 2009, and before Dec. 1, 2009, to be eligible for the $8,000 credit.
A Tax Credit applies directly to the taxes you would owe. As an example, if your federal income tax owed for 2009 is $10,000 and you purchase a home this year, you would only owe $2,000!
- First time home buyer is defined as someone that has not owned a home for three (3) years.
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Income property has once again become “Income property”.
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There are many small income properties available in the area. Prices here have declined over 50% since the peak of the market late 2005/early 2007.
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It’s possible to obtain some great apartment financing. 25% down payment and interest rates at 6% or slightly below.
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Cap Rate is an investment tool for analysis that enables an investor to compare one investment to another.
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Cap Rate is the best tool for determining the value of an income property.
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Some of the most outrageous episodes in property ownership that the owners lived to tell about.
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Only 5% sales agents or brokers actually own investment property, and only 10% actually sell a property.
Every investor's situation is unique, and I have over 25 years experience solving problems. Use the form below to ask me about your unique needs.
Jeannie Niles Real Estate Investment
P.O. Box 317
Palm Desert, CA 92261
P: (760) 360-4020
F: (760) 340-9069
E: jniles@realestate-investment.com
