Tax Season

Wealthy Americans Pick Real Estate As Best Investment For 2014

Real estate has always been a predictable way to build wealth.  Real estate is also a good hedge against inflation.  Other financial benefits of real estate investing include cash flow, tax benefits and leveraged asset appreciation.  After a banner year on Wall Street, it shouldn’t surprise anyone that many stock investors are taking some of their profits off the table and looking to park them in a real, tangible asset like real estate. -Gerald Click here for the original article!  

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Gerald’s Real Estate Tip Of The Week – 2/25/14

When you get a mortgage loan to buy a home, ask for a Good Faith Estimate so you can review all the terms on your loan offer and see the interest rate, payment and closing costs. -Gerald

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Welcome Relief for Homeowners, Then the Tax Bill

We’re still anxiously awaiting Congress’ extension of the Mortgage Forgiveness & Debt Relief Act (MFDRA) for 2014.  I am optimistic that Congress will extend the MFDRA to provide relief to homeowners.  Even without the extension of the MFDRA, the IRS allows exceptions that may eliminate any tax burden after the cancellation of mortgage debt.  Ask your accountant about IRS Publication 908. -Gerald Click here for the original article!  

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