How Much Will a Home Cost You?
Published Thursday, April 20, 2006 by Real Estate Pro.Just some rough, ballpark numbers (using a fixed, 30 year mortgage rate) -
A home loan of $100,000, with a 6.5% interest rate will cost you $632 a month in principal and interest ONLY (not counting taxes, insurance, escrow, closing costs, etc. here).
A home loan of $200,000 at 6.5% interest will cost you $1264 per month (again, principal and interest only).
Tagged: taxes
How Much Will a Home Cost You?
Some Problems are Worth Having
Published by Real Estate Pro.A PAT works like this; a seller sells the property to their PAT for a lifetime income contract (called a private annuity) and then immediately sells again to the buyer. Our clients are over the age of 70 and that caused life insurance to be more expensive than they could afford while they were planning for how to pass that ranch to their kids and pay the estate tax that would occur when they both pass.
Tagged: taxes
Some Problems are Worth Having
Property Tax Cut Rally
Published by Real Estate Pro.It is also intended to show the Texas legislature that there are thousands of Texans who support the property tax cut. Sure, there is no state income tax in Texas, but this does nothing to retirees who pay obnoxiously high property tax bills. Second, as the value of homes in Texas rises, and we have seen strong appreciation in the Austin area lately, property tax bills could price some people out of their homes.
Tagged: taxes
Property Tax Cut Rally
What would the Queen say?
Published by Real Estate Pro.In the past, We have posted some butt-ugly real estate on this blog. However, this wreck is right up there with the worst of them. First, let us start with facts. However, the realtor.com listing went with "single family home".
A single family home? There are always the skeptics out there, who say "it is not about the house, it's the land value". Look what comes out: For tax purposes, the land is valued at just over $4.5k.
Tagged: taxes
What would the Queen say?
Sales Volume: Truth Or Myth?
Published by Real Estate Pro.Profits continue on, they are the extra you have after you pay your wages and all your bills. If you want the true reality after all the hype and fluff of sales volume, gross commission earned, and all the other ego stroking we do, look at line 31 on your federal tax return. When you schedule your time off and place the same value on it as you do your work time, you will have the opportunity to reclaim your life.
Tagged: taxes
Sales Volume: Truth Or Myth?
How To Cheat On Your Taxes
Published by Real Estate Pro.How To Cheat On Your Taxes
Give Us All Your Money - Simple?
How To Cheat On Your Taxes by Avery Ant.
The five kinds of rich people. Each month, the best alternative option to Iraq war spending will receive $50 US. At the end of the Iraq war, by vote, the best entry will receive $500 US
Tagged: taxes
How To Cheat On Your Taxes