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Monthly Archives: December 2016

    “This is going to be the year”

    By Carla Higgins | December 27, 2016

    Every year, it seems like the same things are on the list but this could be the year you really do invest in a rental home. Rents are climbing, values are solid and mortgage rates are still low for non-owner occupied properties. A $150,000 home with 20% down payments can easily have a $300 to … Continue reading “This is going to be the year” → Read More

    What a Difference 50 years Makes

    By Carla Higgins | December 20, 2016

    In 1966, a gallon of gas was $0.32 and today, it is $2.49. A dozen eggs were $0.60 but they’ve only doubled to $1.33. A gallon of milk was $0.99 and today, it costs $3.98. You could send a letter for five cents and now, it costs forty-seven cents. The average cost of a new … Continue reading What a Difference 50 years Makes → Read More

    Can 0.5% Really Equal 5%?

    By Carla Higgins | December 13, 2016

    Since the election, rates have started going up and it will have a direct effect on the cost of housing. There is a rule of thumb that a ½% change in interest is approximately equal to 5% change in price. As the interest rates go up, it will cost you more to live in the … Continue reading Can 0.5% Really Equal 5%? → Read More

    Time May Be Running Out

    By Carla Higgins | December 6, 2016

    During the Great Recession, some homeowners elected to rent their home rather than sell it for less than it was worth. IRS tax code allows for a temporary rental of a principal residence without losing the exclusion of capital gain based on some specific time limits. During the five year period ending on the date … Continue reading Time May Be Running Out → Read More

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