by arnielevine | Dec 11, 2019 | Finance
3.5% Down FHA … or …3% Conventional Which one do I choose? 3.5% Down FHA You pay a 1.75% Upfront Mortgage Insurance Premium which is automatically added to your loan amount (MIP). You pay monthly Mortgage Insurance Premiums. FHA is more lenient with lower...
by arnielevine | Dec 11, 2019 | Finance
Housing Perspective The California housing market continues to be invigorated by low mortgage rates, which has led to a year over-year increase in home sales for the second month in a row. At just over 400,000 sales in the month of September, the 5.8 percent...
by arnielevine | Oct 4, 2019 | Finance, Real Estate news
What is Assembly Bill 1482? This bill limits apartment rent growth in California by placing an upper limit on annual rent increases and restricts tenant eviction : “¢ For apartment properties where rent control applies, rent increases will be limited to 5...
by arnielevine | May 23, 2019 | Finance, Real Estate news
The familiar adage, “It’s not how much you make, but how much you keep” rings truer than ever for taxpayers who are real estate investors facing today’s high tax rates. Fortunately, IRC Section 1031, a provision in the tax code since 1921,...
by arnielevine | Feb 8, 2018 | Current Affairs, Finance, Real Estate news
WHAT HOME SELLERS SHOULD KNOW ABOUT TAX REFORM MOVING EXPENSES Moving expenses are no longer tax deductible, except for members of the Armed Forces. HOME SALES IMPACT “¢Taking into account the impact of tax reform, home sales in California are expected to...
by arnielevine | Feb 8, 2018 | Current Affairs, Finance, Real Estate news
The new limit on deductible mortgage debt is $750,000, down from the previous $1 million. There are certain situations which may allow a home purchase to qualify for the $1 million, even if the home closes after Jan. 1, 2018. Talk to a tax professional to learn more....
