OakLeaf Plantation Real Estate Jacksonville Florida Real Estate

Posts Tagged ‘real estate investing’

If you are looking for a REALTOR ® in the Oakleaf Area Contact Sharon Driscoll with Watson Realty Corp. Sharon has vast knowledge of Oakleaf Plantation and Eagles Landing. You can visit Sharon at her website at Oakleaf Plantation Real Estate or you can reach her using the following information.

Sharon Driscoll West/Chaffee Road Office 1395 Chaffee Rd. S. Jacksonville FL 32221 Email : sdriscoll@watsonrealtycorp.com Website : http://sdriscoll.watsonrealtycorp.com Office Phone : (904) 899-6706 Mobile Phone : (904) 553-3218 Fax : (904) 771-8639 Sharon is a Certified Distressed Property Expert® (CDPE) and is a licensed REALTOR® with Watson Realty Corp. If you're looking for a home or ranch in northeast Florida or even planning to move from out of state, contact Sharon for all your real estate needs. She will search diligently to help you find the perfect property.

This age old expression is one that’s been widely used for a number of years.  Its application also extends the real estate arena.  However, it’s worth noting that when it comes to financial freedom and real estate investment, pride should never be involved with your decision to buy a home.

I have mentioned in a number of past articles that there are a number of avenues to wealth when it comes to real estate investment.  People that are ready to buy their personal residence would be well served to think like an investor does.  It stands to reason that there are many laws in place to assist and protect homeowners because a significant percentage of voters in the United States own their homes.

Federal tax laws do favor those with a mortgage. Why over 90% of each typical mortgage payment is fully deductible, while personal rent is not. In most cases, this will far exceed the standard deduction and provide the homeowner with significant tax savings. That is simply money in your pocket!

You can’t forget about the depreciation factor either.  Congress allows homeowners to deduct the “improved value” (often up to 75% of the purchase price) from the taxes you owe over a several year period.  This provides the opportunity to put a significant amount of money back in your pocket every year.

Another shelter that government has granted to homeowners is the one that allows for an exemption when their primary residence is sold.  This shelter happens to be my favorite.  Every few years you can sell your home and any profits from this sale are tax free.

Here is the stipulation: You must have lived in the property at least two out of the last five years to qualify. This can be done to the tune of $250,000.00 each time. Married couples can go up to $500,000.00 without paying any gains taxes.

How about that?! There really isn’t much more one has to do to qualify for these advantages. This is a sure way to financial independence if one follows the “buy low, sell high” principle. Today’s real estate market is positively the best in decades for doing just that.

It’s clear that the wisdom of homeownership is measured in dollars and cents.  Never let pride get in the way of making a home buy decision that could have an affect on your financial future.  However, when you are wise about real estate investment, you will be very proud that you made a great financial move when you made the decision to buy your house.