Louisiana

Don't Forget "On the Fence" Buyers: Tax Credit Not Just For 1st Timers Anymore!

02-09-10

Troy Jowers, New Orleans Realtor

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Office: (504) 457-2653

Mobile: (504) 655-5394
Secondary: (504) 888-9900

Notice to "On The Fence" home buyers...one more point for your consideration:

HOME BUYER TAX CREDIT NOT JUST FOR FIRST TIME HOME BUYERS ANYMORE!

Back in November, the home buying tax credit was extended to all buyers meeting these criteria:

You owned a home that was your primary residence for at least 5 consecutive years during the last 8 years
The new home you are buying costs less than $800,000
The new home you are buying will be your primary residence
The new home is "under contract" or "in escrow" by April 30, 2010
The new home closes by June 30, 2010

There are also income limitations depending on how you file your taxes. There are also exceptions to the first bullet for those in the military or diplomatic corps. Check with your CPA, lawyer, tax professional, or the IRS website to find out more.

Also, circumstances are looking likely for mortgage interest rate increases in the spring and summer if Fannie Mae and Freddie Mac follow through on their decision to no longer buy mortgage-backed securities. So get off the fence...now is the time!

Contact a REALTOR today in your market to get the process started. Of course if you're looking to buy or sell in the New Orleans area, look no further than Troy Jowers and RE/MAX Real Estate Partners...your Crescent City Connection in Real Estate!

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An Exclusive Slidell Neighborhood

02-09-10

Nakisha Brisco -New Orleans/Slidell Real Estate

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Office: (985) 646-2111

Mobile: (504) 717-7408

Lakeshore Estates

Lakeshore Estates promises to be an exclusive neighborhood with close

proximity to the Eden Isles and Oak Harbor area. With artificial canals

and plenty of land to claim, this is sure to be the next phenomenon in local

real estate property. Lakeshore Estates will enjoy extremely quick access

to I-10, Oak Harbor Golf Course, and the presence of the Abney

Elementary, Slidell Junior High, and Salmen High school district.

Click here to view listings in this neighborhood.

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Highly Valued Slidell Subdivision

02-09-10

Nakisha Brisco -New Orleans/Slidell Real Estate

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Office: (985) 646-2111

Mobile: (504) 717-7408

Turtle Creek

Turtle Creek is a highly valued subdivision with superior facilities,

landscaping, and land values. Nearby subdivisions include Cross

Gates to the North West, Quail Ridge to the South East, and

French Branch to the South West.

Turtle Creek is in the school district of Cypress Cove Elementary

(kindergarten and first grade), Honey Island Elementary

(second and third grades), Little Oak Middle (fourth though

sixth grades), Boyet Junior High (seventh and eighth grades), and

Northshore High.

Click here to view listings in this neighborhood.

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Beautiful Water Front Subdivision

02-09-10

Nakisha Brisco -New Orleans/Slidell Real Estate

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Office: (985) 646-2111

Mobile: (504) 717-7408

Oak Harbor

Oak Harbor is a private gated community connected to

Eden Isles and located just south of Slidell. It is currently

made up of four sections connected by Oak Harbor Boulevard:

the Fairways, the Inlets, Mariner's Cove, and Masters Point;

a fifth area is currently being developed. The houses in Oak

Harbor are located either on the golf course or on water,

and many are on deep canals connected to Lake Pontchartrain.

Oak Harbor is perfect for commuters, with easy access to

Interstate 10 and only about a half-hour's drive to downtown

New Orleans. Much of the properties are upscale in the numerous

privately gated communities.

Oak Harbor also features a four star Golf Course, as rated by

Golf Digest, that is open to its residents. The professionally

designed, and challenging, course contains eighteen holes and

spans over 6,261 yards. The course also features a concession

cart which makes frequent trips to relieve weary players.

Further, play is enhanced with the "ParView Caddy System"

which allows sportsmen to greater enhance their play experience

with advanced course information and convenience.

Oak Harbor is in the Abney Elementary, St. Tammany Jr. High,

and Salmen High school district.

Click here to view listings in this neighborhood.

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6 Investment Tips You Can Use!

02-09-10

Nakisha Brisco -New Orleans/Slidell Real Estate

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Office: (985) 646-2111

Mobile: (504) 717-7408

6 Investment Tips You Can Use!

Hire and pay for skilled workers to do your renovations.
Location. Location. Location. Invest in the best location you can afford.
Be affordable for tenants by buying small and staying small.
Look at a property for what it can be, not for what it is.
Focus on the money coming in and going out - not the cap rate.
Don't go unique - choose rental properties that will appeal to anyone.

One More Thing...

Real Estate Investment Trusts

Real estate investment trusts, known as REITs, are entities that invest in different kinds of real estate or real estate related assets, including shopping centers, office buildings, hotels, and mortgages secured by real estate.

There are basically three types of REITS:

Equity REITS, the most common type of REIT, invest in or own real estate and make money for investors from the rents they collect.

Mortgage REITS lend money to owners and develop- ers or invest in financial instruments secured by mortgages on real estate.

Hybrid REITS are a combination of equity and mort- gage REITS.

The Internal Revenue Code lists the conditions a company must meet to qualify as a REIT. For example, the company must pay 90% of its taxable income to sharehold- ers every year. It must also invest at least 75% of its total assets in real estate and generate 75% or more of its gross income from investments in or mortgages on real property.

Many REITs trade on national exchanges or in the over- -the-counter market. REITs that are publicly traded must file reports with the SEC, such as quarterly and annual filings.

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