Be The Master Of Your Own Domain.
Ownership is the number one reason why people want to own their home. It means you can paint the walls any
gives you and your family a sense of stability and security. It's making an investment in your future.
Appreciation
Although real estate moves in cycles, sometimes up, sometimes down, over the years, real estate has consistently
appreciated. Many people view their home investment as a hedge against inflation.
Mortgage Interest Deductions
Home ownership is a superb tax shelter and our tax rates favor homeowners. Mortgage interest is fully deductible on
your tax return. Interest is the largest component of your mortgage payment and it is deductible.
Property Tax Deductions
Real estate property taxes paid for a first home and a vacation home are fully deductible for income tax purposes.
Capital Gain Exclusion
As long as you have lived in your home for two of the past five years, you can exclude up to $250,000 for an
individual or $500,000 for a married couple of profit from capital gains. You do not have to buy a replacement home
or move up. There is no age restriction, and the "over-55" rule does not apply. You can exclude the above thresholds
from taxes every 24 months, which means you could sell every two years and pocket your profit--subject to
limitation--free from taxation.
Preferential Tax Treatment
If you receive more profit than the allowable exclusion upon sale of your home, that profit will be considered a
capital asset as long as you owned your home for more than one year. Capital assets receive preferential tax treatment.
Equity Loans
Consumers who carry credit card balances cannot deduct the interest paid, which can cost as much as 18% to 22%.
Equity loan interest is often much less and it is deductible. For many home owners, it makes sense to pay off this
kind of debt with a home equity loan. Consumers can borrow against a home's equity for a variety of reasons such
as home improvement, college, medical or starting a new business. Some state laws restrict home equity loans.
Ownership is the number one reason why people want to own their home. It means you can paint the walls any
gives you and your family a sense of stability and security. It's making an investment in your future.
Appreciation
Although real estate moves in cycles, sometimes up, sometimes down, over the years, real estate has consistently
appreciated. Many people view their home investment as a hedge against inflation.
Mortgage Interest Deductions
Home ownership is a superb tax shelter and our tax rates favor homeowners. Mortgage interest is fully deductible on
your tax return. Interest is the largest component of your mortgage payment and it is deductible.
Property Tax Deductions
Real estate property taxes paid for a first home and a vacation home are fully deductible for income tax purposes.
Capital Gain Exclusion
As long as you have lived in your home for two of the past five years, you can exclude up to $250,000 for an
individual or $500,000 for a married couple of profit from capital gains. You do not have to buy a replacement home
or move up. There is no age restriction, and the "over-55" rule does not apply. You can exclude the above thresholds
from taxes every 24 months, which means you could sell every two years and pocket your profit--subject to
limitation--free from taxation.
Preferential Tax Treatment
If you receive more profit than the allowable exclusion upon sale of your home, that profit will be considered a
capital asset as long as you owned your home for more than one year. Capital assets receive preferential tax treatment.
Equity Loans
Consumers who carry credit card balances cannot deduct the interest paid, which can cost as much as 18% to 22%.
Equity loan interest is often much less and it is deductible. For many home owners, it makes sense to pay off this
kind of debt with a home equity loan. Consumers can borrow against a home's equity for a variety of reasons such
as home improvement, college, medical or starting a new business. Some state laws restrict home equity loans.
Why should I buy, instead of rent? Buying Versus Renting
Investing In Your Future
When you rent, you write your monthly check and that money is gone forever. It doesn't do anything for you, Your
family or your future, it's good only for landlords.
Investing In Your Future
When you rent, you write your monthly check and that money is gone forever. It doesn't do anything for you, Your
family or your future, it's good only for landlords.
| David Zur 786-683-2444 Beachfront Realty Inc. 18205 Biscayne Blvd Suite 2205 Miami FL 33160 |
Si Habla Espaniol
מדבר עברית
David Zur Beachfront Realty Inc 18205 Biscayne Blvd Suite 2205 Aventura, FL 33160
Cell-786-683-2444 Fax-305-931-1004 DavidZur@bellsouth.net
Cell-786-683-2444 Fax-305-931-1004 DavidZur@bellsouth.net
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