Available Properties Now


rent

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Rental-2903 Wimpole Court- $1295
3 Bedroom/3 Bath- Full Basement, Large Cedar Closet,Skylights, Large Screened in Porch.

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Falconwood Apartments- 2001 Rockford Ln
Rental- $725-Utilities INCLUDED
2 Bedroom/1 Bath

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Rental $675- 2920 Garfield Ave- 3 Bed/1 Bath

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Whirl Pool Bathtub!
Rental $775- 825 S 42nd St- – 4 Bed/1.5 Bath

forsale

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For Sale- 2301 Montgomery St- $49,500
2-3 Bedroom/1 Bath
Located in the up and coming Portland area.

If you would like more information please fill out the form below.


Property Management Louisville

Your Next Investment Property Could Be Right Around The Corner!


Your Next Investment Property Could Be Right Around The Corner!

Are you tired of missing out on a good bargain?

I can set up our automatic email notification when a new property comes on the market or a price change to an existing one.

Don’t miss out on another bargain- no matter what area or price!

Stop wasting time! Get all the information you need through email!Once you find a property you would like to look at contact me and I will be happy to set up a showing!

No one will contact you unless you want to see a property and your information will remain confidential!

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Best of all- IT IS FREE!

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2009 First Time Buyers Credit


The IRS is now accepting the new credit. You will still need to file Form 5405. If you have already filed your taxes for 2008 then you are allowed to go back and amend your return to get this credit. The IRS will use this credit to offset federal debts (student loans, back child support, back taxes).

2008-Refundable First-Time Homebuyer Credit


 

I am also a tax professional- this is the information on the First Time Buyers Credit to date- like with all tax rules things change year to year.

Taxpayers who purchased a principal residence April 9, 2008 through June 30, 2009 who have not owned a principal residence in the previous three years may claim a refundable credit. The maximum credit is $7,500 and there are guidelines that reduce this amount when you do your taxes. There are no restrictions on what you can use the money on- it is added to your refund so you can use it for anything like repairs, remolding, or even paying off a couple of small bills or credit cards.

The credit, however, acts more like a no-interest loan because it must be repaid to the government over 15 years. It is repaid in 15 equal annual installments beginning with the second tax year after the year the credit is claimed. If you qualify for the full $7,500 then you would repay $500 for 15 years out of your tax refund each year.

If more than one person owns the home and all qualify for first time home buyers the credit can be split between all persons involved if not married. If one person qualities for the first time home buyer and the other one does not (they owned a home within three years) the person who qualifies can still claim their part of the credit no matter if the other person could not.

The money can not be used as a down payment as the closing has to have taken place to claim the credit. It is not based on a credit score or job history it is only based on your income taxes in the year you are claiming the credit. It does not matter what type of home you buy- foreclosed or not- as long as it is considered real property.

This is not a mandatory credit and you can elect not to take it. If you are not planning to keep your home very long then this credit might be for you because if you sell with an outstanding credit still owed then this will need to be paid off in the year your home was sold. Also if you decide to rent out this home the credit will also become due in the year that is done. You need to ask yourself some questions before taking this credit and make the best choice that suits you.

The First-Time Homebuyer Credit can be claimed on Form 5405, which is filed with your 2008 or 2009 federal tax return.

 

What You Should Look For When Walking Through Homes


  • Is there enough room for both the present and the future?
  • Are there enough bedrooms and bathrooms?
  • Is the house structurally sound?
  • Do the mechanical systems and appliances work?
  • Is the yard big enough?
  • Do you like the floor plan?
  • Will your furniture fit in the space? Is there enough storage space?
  • Does anything need to repaired or replaced? Will the seller repair or replace the items?

Take your time and think carefully about each house you see.

Credit Report & Credit Score


Your credit history is a list of ALL your financial activity during your life. It list all of the credit accounts you have ever opened and how long they’ve been open.

A credit score is a number from 300 to 850.

A low score is considered 350, an average score is around 678, and the highest credit score is 850.

Credit Scores are calculated by the following:

  • 35% payment history
  • 30% credit owed
  • 15% length of credit history
  • 10% new credit
  • 10% types of credit

Just like positive information will make your credit score go up- negative information will make it go down. Depending on what type this is some will stay listed on your credit report for up to 10 years. Examples of negative information are late payments, liens, court judgments, bankruptcy, and overdue child support.

Problems Bad Credit Causes

1. Inability to get a loan
2. Higher interest rate if you do get the loan
3. Larger down payment required if you do get the loan

Ways to IMPROVE your credit score

  • Start paying all bills on time
  • Pay off any outstanding amounts you owe
  • Correct any mistakes on your report
  • Pay down debts
  • Don’t apply for new credit unless you really need it

Copyright 2008 by Sheila Barrett