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Real estate guru Carlton Sheets issued a release praising the effectiveness of creative financing strategies and urging the government to expand incentives for home buyers. He explains: “Real estate investors are using creative financing principles like never before to purchase real estate. However, those who attempt to use private or hard-money lenders are finding those [...] [...more]
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There’s some indication that the $15,000 home buyer tax credit that was squelched in Congress months ago may have new life. Originally, the idea was to give anyone a $15,000 tax credit for purchasing an owner-occupied residence. However, that plan was replaced by the current law which awards a tax credit of up to $7,500 [...] [...more]
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Included in the federal stimulus legislation is a first time homebuyer tax credit. In a nutshell: citizens purchasing a home for the first time can receive a credit of up to 10% (or 8k) of the purchase price when they file their taxes. Market Watch reports: “In the earlier Senate version of the bill, the [...] [...more]
