Tax Topics:
If you are thinking of selling and want to discuss the tax consequences of selling, I can give you general information about:
1-Single and married Capital Gain Exclusion on primary residence
2-1031 Tax Deferred Exchanges on Investment properties
3-Unique ways to defer capital gains on almost any sale
4-Tax Deferred Exchanges and/or Roll Over Rules: Ouch! If you are here to brush up on the over 55 roll over rule, you are in big trouble. Federal law no longer allows the one time rollover of capital gains on personal residences. Instead, there is a $250,000 exclusion of capital gains for single people and $500,000 for married persons (restrictions apply). If you are seeking an experienced Broker for 1031 tax deferred exchanges, I am your man. I have done many as a Real Estate practitioner and as a principal as well. Call me!
5-Sheltering property for estate and medicare planning. I know enough about this to put you in touch with a trusted affiliate.
Often answers can be complicated and require specific information from professionals. If I don’t know the answers, I will put you in touch with a qualified practitioner.
Let me stress that I deal with these issues regularly! I am not an attorney or a CPA. I will put you in touch with folks I trust when you need that type of advice.
 
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Financing Your Home >More On ARMs
Lenders are always looking for new ways to help buyers get into the home of their dreams. Today they frequently use adjustable rate mortgages (ARMs) to increase the buyer's options. The interest rate on an ARM changes periodically to reflect changes in the national market. Since the loan starts at a rate that is lower than the national average, lenders can reduce the borrower's qualifying criteria.
One way to distinguish between different ARMs is by the national index to which they are tied. Some ARMs are tied to a slow-moving index called the cost-of-funds index; these are usually the most desirable. ARMs that are tied to a more volatile index, such as Treasury Notes, can be adjusted upward at a quicker rate. Look at all the factors before choosing a loan. The faster index loan may start out with lower rates and lower monthly payments, but the slower index ARM may eliminate your concern about having to re-finance down the road.
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What are the three most common environmental toxins for which homes are tested?
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Mold, asbestos, and lead are tested by specialized inspectors as a regular part of many real estate contracts. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
