One of the biggest gifts that the government has ever given ordinary tax payers is the homeowners capital gains tax exemption for the sale of your primary residence. According to this law, you are entitled to exclude up to $250,000 of capital gain if you are single and up to $500,000 of capital gain if… Read More
Homeowners Capital Gain Tax Exemption for the Sale of your Primary Residence
January 9, 2007 By Leave a Comment
Energy Tax Credits
January 7, 2007 By Leave a Comment
There are several ways to reduce your out of pocket expenses on energy and at the same time save tax money. The US government is offering a 10% credit for items that qualify including insulation systems, exterior windows, exterior doors, and metal roofs. In addition, there is a $50 credit for advanced main air circulating… Read More
Long term Capital Gains Rates for Real Estate
January 7, 2007 By Leave a Comment
Good news for real estate investors. The 15% capital gains tax rate has been extended through 2010. According to a tax advisor writing for the Orange County association of Realtors, there is a lower 5% rate for people in the 15% tax bracket. She said that will drop to 0% in 2008 and has been… Read More
Estoppel Certificates???
December 3, 2006 By 2 Comments
If you are a multifamily investor, consider the use of estoppel certificates. What are they, you might ask, and why are they important? Quite simply they are a legal document that the tenant signs that states the terms of his tenancy. Items such as rent, term, security deposit and number of keys are included along… Read More
Did you know that you can loan money to your IRA?
August 6, 2006 By Leave a Comment
It use to be that only short term loans of 3 days or less could be given to an IRA to help it weather short term cash flow issues. New rulings by authorities have changed these rules. You can now give a loan to your IRA for an unspecified period of time so long as… Read More
New IRA tax law creates incredible opportunity and wealth!
August 6, 2006 By Leave a Comment
According to Pensco trust, A new bill has recently has been signed into law that will enable current IRA (individual retirement account) holders to convert traditional IRA’s to a Roth IRA. The new law will become effective in 2010. What is special about this new law is that it has eliminated the $100,000 income cap…. Read More
Investing with your Self Directed IRA
December 3, 2005 By 2 Comments
One of the hottest new investment strategies is to use the large sums of cash in your Individual Retirement Account to purchase and hold real estate. This strategy could litteraly make you thousands of dollars more than leaving it in stocks, mutual funds, or bonds. In order to invest in real estate with this money… Read More
