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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:
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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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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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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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!
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.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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