Federal Sales Tax on Your HOME!

LETS VOTE THEM ALL OUT IN 2012! WILL YOU SELL YOUR HOUSE after 2012?


Will you ever sell your house after 2012?

Call your Democratic/Republic Senator's Office to confirm this hidden fact about the ObamaCare regulation.

Did you know that if you sell your house after 2012 you will pay a 3.8% sales tax on it? That's $3,800 on a $100,000 home, plus all the other items.

When did this happen?

It's in the health care bill. Just thought you should know.

SALES TAX GOES INTO EFFECT 2013 (Part of HC Bill).

Why 2013?

Could it be that it is coming to light AFTER the 2012 elections?

REAL ESTATE SALES TAX.

So, this is "change you can believe in"?

Under the new health care bill all real estate transactions will be subject to a 3.8%Sales Tax. The bulk of these new taxes don't kick in until 2013 If you sell your $400,000 home, there will be a $15,200 tax.

This bill is set to screw the retiring generation who often downsize their homes.
Does this information make your November and 2012 vote more important?

Oh, you weren't aware this was in the ObamaCare bill? Guess what, you aren't alone.
There are more than a few members of Congress that aren't aware of it either

http://www.gop.gov/blog/10/04/08/obamacare-flatlines-obamacare-taxes-home

FHA DECREASE

Did you know that effective September 30, 2011, FHA Maximum Loan Amount is set to DECREASE from $400,000 to $287,500.00 FHA Maximum loan limits will change for the following Nevada Counties (effective 9/30/2011)


New Loan Limit

Carson City $286,350.00
Clark County $287,500.00
Douglas County $350,750.00
Elko County $271,050.00
Eureka County $271,050.00
Lyon County $271,050.00
Nye County $271,050.00
Storey County $325,450.00
Washoe County $325,430.00

Call me today, and lets discuss how this could/will impact your wallet. As your real estate professional, coach/mentor keeping you up to date witht the most current and relevant information is what I love and live for! (702) 236-6266

City Of North Las Vegas Values

Last week in the news we heard of the possibility that the City of North Las Vegas, Nevada may be taken over by the State of Nevada.

See articles:

http://www.lasvegassun.com/news/2011/jul/21/north-las-vegas-mayor/

http://www.lasvegassun.com/news/2011/jul/12/north-las-vegas-finances/

In the first article: “Mayor Shari Buck stresses that North Las Vegas is not at risk of being taken over by the state, but she admits the city will have a difficult time figuring out its finances for the next two years.”

In the second article:
“But a city doesn’t reach the brink of insolvency because of one hardheaded union, or even two. Recent and past moves by city officials, the unions and residents have led to this fix. North Las Vegas, once among nation’s fastest-growing cities, has seen steep declines in tax revenue during the recession, while its operating costs have risen to pay for big projects planned in anticipation of continued growth” The article continues with the poor planning on the city councils part.

Personally, it’s time for some hard core decision making….Voters. Instead of voting in politicians that have NO experience in running businesses much less know and understand how a budget works or even know what that word means. Vote in solid business owners and entrepreneurs that have a proven track record of how to stay within budget and grow businesses.

Hearing this news, I have to wonder what will this do to the already low property values in the city. The state of Nevada is in no financial condition to take over more financial responsibility.

10 Overvalued Global Real Estate Markets

10 overvalued global housing markets

I found a great article about the real estate market globally. Take a look by clicking the link below.....



U.S. market considered 'fairly valued'
BY INMAN NEWS, THURSDAY, OCTOBER 28, 2010


http://www.inman.com/news/2010/10/28/10-overvalued-global-housing-markets

The Real Estate Market is HOT

Although the news may sound like the world is coming to end. The real estate market and the individuals who are in the "know" are CASHING IN!! This is the best time to purchase whether a owner/occupant or as a real estate investor. If you are wanting to get into the market as an investor here are a few rules to live by:


RULES TO INVESTING IN REAL ESTATE

1. Have a business plan….. Why real estate? What do you want to accomplish investing in real estate?

2. Have a criteria and stick to it.

3. Do your research on the properties.

4. Always put your investment property in an LLC. Get legal advice.

5. Have a good CPA and Attorney

6. Always have CASH FLOW. Without the cash you will not be able to make it work.

7. Do not purchase investment property with large yards or swimming pools. Costly to maintain.

8. Never rent to FAMILY or FRIENDS. This is a business not a charity.

9. If you are purchasing property with a loan, ALWAYS get a fixed interest rate and on a 15, 20 or 30 year loan program.

10. ROI (return on investment) less than 60 months. This will depend on your own criteria and properties Performa

Visit my website www.sharebuildersinc.com or call (702) 236-6266

Wealth Creation through Real Estate

I have found many people wanting to know how to create wealth through real estate but have not done anything about it. Reasons are many:

1. Scared and/or Fear
2. Do not know how or where to start
3. Have a mentor to show them
4. No Credit or Money
5. No time

The list goes on.

There is an easy way to create wealth through Real Estate!

Check out www.sharebuildersinc.com