How Owning Real Estate Can Provide Tax Savings To California Investors

CLick on our press release: http://www.transworldnews.com/NewsStory.aspx?id=87475&ret=AccountSummary.aspx

The maximum conforming limit has been increased to $729,750 until the end of 2009.  Now, there are there are loan amount restrictions based on where you live. To see, what the maximum conforming limit is in your area, feel free to email us at info@sfmdirect.com

 

Home sale activity increases during the summer months and decreases during the winter months.  Using this information, the best time to sell would be during the summer and the best time to buy would be during the winter.  How many people do you know are looking to purchase homes on Christmas Day?   However, with the housing crisis still unfolding, there may be hesitation to buy.  In our book  Put Your Money Where Your House Is: The Definitive Guide to Smart Real Estate Investing, several chapters are dedicated to buying and financing your home and What Determines Home Prices. 

 

People often say to me, “Since mortgage rates are at all-time historic lows, how can I pass up this buying opportunity?” At our workshops, I ask: “By a show of hands, how many people think it is a good time to buy right now?”  The answer consistently points to 99 percent of the people raising their hand.  In fact, I am actually seeking out people who don’t have their hand raised to ask them why they don’t think it is a good time to buy.  

Then, I start explaining some compelling statistics like:

 

• In 2008 we had 2.6 million homes go into foreclosure.  
• Currently, 3% of the 120,000,000 US homes (3.6 million) are in foreclosure and another 8% (9.6 million) are at least 60 days late.  
• The loan business is an $11.8 Trillion business.  
• According to a recent 60 minutes special, they are predicting $2.6 Trillion of the $11.8 Trillion of loans to go into default by 2011, which is 22% of all outstanding loans in the US.  
• We are in the 4th or 5th inning of a 9 inning baseball game as CBS 60 Minutes Reports at: http://www.cbsnews.com/stories/2008/12/12/60minutes/main4666112.shtml