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Real Estate News – From $8k to $15k Tax Credit?
Real Estate News Overview:
The current tax credit is scheduled to expire in the fall however, now lawmakers and business are calling for an extension and an expansion from $8k to $15k.
In addition to this increase, the lawmaker request is also attempting to provide this incentive to anyone who buys a house, not just first time home buyers.
Buyers do not have to repay the tax credit if they occupy the home for three years or more.
Real Estate Investor Coach Response:
With the current government budget deficit a major concern to critics and myself included, I may be one to agree that this tax incentive expansion and extension would be a good “jump start” to the housing problem. Frankly, this is a pretty good incentive for anyone even considering purchasing a personal home. Clearly the original $8k incentive didn’t provide the “jump start” the government was hoping for so perhaps $15k will. Only time will tell.
Go back and review a previous blog on how some real estate investors are making money from this tax credit opportunity.
To your Real Estate Investing Success,
Brian Evans
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