The Most Overlooked Homeowner Tax Breaks

Regardless of the current state of our economy and the housing market, buying a home is still a great investment. However, the resulting taxes that accompany owning a home can lead to confusion and uncertainty.

In most cases, you need to itemize your taxes in order to take advantage of all the tax breaks that accompany home ownership. This might seem overwhelming, but the benefits of completing this process make up for the inconvenience.

Homeowner Tax Breaks:

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TAX BENEFITS OF OWNING RENTAL PROPERTY

The tax benefits of buying a home versus renting |Patchogue|Medford|Homes for sale|LI Real Estate| www.ErwinGiron.com by ErwinGironTax Benefits Of Owning Rental Property.  Rental property deductions are too significant to ignore.  They are both numerous and substantial.

Bottom line, when it comes to federal tax deductions, “Residential Investment Property” provides a significant tax shelter.  This is evident if you own one or many rental properties. Read the rest of this entry »

The Rise And Fall…and Rise Of Dubai’s Property Market?

The Rise And Fall…and Rise Of Dubai’s Property Market?

Dubai

In the early 2000’s, Dubai was able to establish itself at the forefront of world real estate investment as ex-pats flocked to the rapidly expanding, tax free haven in the United Arab Emirates. But like all bubbles it was to eventually burst. After floating on a healthy breeze of consumer demand, the wind changed after the global economic disaster of 2008 and only now are the green shoots of recovery peeping through.

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Should I Take My Home off the Market for the Holidays?

Should I Take My Home off the Market for the Holidays?

Selling your home can be a stressful event. One of the most difficult aspects of selling your home is waiting for an interested buyer to view your home and make an offer. During this time, you may wait for days between viewings, all the while having to keep your home in impeccable condition. You may also have to leave your home with short notice when a real estate agent calls you to schedule a viewing. This can not only be stressful, but it can also be inconvenient to you. If the holidays are approaching, you may be wondering if you should take your home off the market or keep it listed for sale during this period of time. There are several points to consider:

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Home Owners: How to Protect Yourself from a Personal Injury Suit

Home Owners: How to Protect Yourself from a Personal Injury Suit

Remember in Liar, Liar when Jim Carrey’s secretary irately recalls how her friend had a robber in her house who sued her friend because he fell on a table and injured himself?  It seems crazy that someone trespassing on your property could turn around and sue you for injuries they incurred while illegally on your property; but instances like this aren’t unheard of.  Whether you’re throwing a dinner party or have workmen in your home, you need to take the following steps to protect yourself from being involved in a personal injury suit.

  1. 1.     Know Your Obligations

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SHOW YOUR NEIGHBOR HOW YOU REALLY FEEL

 

property disputeShow your neighbor how you really feel.

I hope you enjoyed this picture.

I would welcome the privilege of working with you to find the home of your dreams or an investment property.

NBA ALL-STAR JERMAINE O’NEAL’S HOUSE FOR SALE IN LAS VEGAS

Is the NBA lock out causing players to sell their homes now?  NBA All-Star Jermaine O’Neal is selling his home near Las Vegas……if anyone is interested.

Click HERE to see the details.

  • Henderson, Nevada
  • $3,550,000
  • 6-bedrooms
  • 7-bathrooms
  • custom build with panoramic mountain, city and strip views
  • on almost an acre of land
  • en suite bathrooms with marble baths and custom walk-in closets
  • hardwood-floored game room and over-sized wrought iron balcony
  • has a “mini master” guest suite
  • a teen room
  • office
  • exercise room
  • tiered theater
  • wine room
  • an outdoor kitchen
  • expertly crafted pool with grotto, waterfall, slide, Jacuzzi,
  • fountains highlight the outdoor living space
Disclaimer – The “ Celebrity Homes for Sale” feature is informational only.  In most cases I am not the listing agent.  You can find the listing agent at the end of each link, however, I would welcome the privilege of working with you to find the home of your dreams or an investment property.