Rental Real Estate – Buying Smart
By Peter J Tarantino CPA
If
you are thinking of investing in real estate there is no time like the
present. Rental real estate can be a great investment but it can also
be a curse. An increase in foreclosures coupled with low mortgage
rates has created a great buying opportunity for investors. The
ability to depreciate real estate helps generate a healthy tax
deduction. Depending on your other income and the passive activity loss
rules, you may not be eligible to deduct that tax loss currently.
After all, what good is a tax deduction that you can’t deduct?
Investors
who don’t look at the whole picture are likely to buy a property that
doesn’t provide current tax deductions. If you are considering
rental real estate as part of your investment portfolio a little time
spent now with a CPA can save you from an unpleasant surprise in April.
Peter J Tarantino CPA
Managing Partner
Tarantino & Co.
678-624-4775
Peter@TarantinoCo.com
At Tarantino & Co, CPA also stands for close personal attention. ® |
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What is the Function of a Home Inspection Contingency Clause?
By Ellen Russell
 Once
you have found the home you want to buy, the next step is to make an
offer. As part of the purchase offer, you have the option of entering a
home inspection contingency clause. A home inspection is an optional
clause on an offer, but one worth serious consideration.
A home inspection contingency clause states that you have the right to
withdraw from the sale if, upon completion of a home inspection... Read More |
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Are You the Right Owner for an Old House?
By E. E. Kane
 An
old house can be tempting to prospective homeowners. Older homes were
built with quality materials that withstood the test of time, and the
neglected ones have so much potential. However, old houses are not for
everyone. Do you make the cut?
Will it be a bargain in the long run?
At some point during a deep renovation of an old house involving
serious plumbing, wiring and structural work, it may occur to you that
you could... Read More |
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What is Loan Modification?
By Zabrina Way
 The
Obama administration recently announced that 500,000 homeowners should
get loan modifications by the end of 2009. Now, many homeowners have
questions about the process.
What is a loan modification?
Loan modifications are changes lenders make to existing loans when the
borrowers have a long-term inability to keep up with loan payments.
Modifications can include a reduced interest rate... Read More
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A Simple Faux Finishing Technique: Color Washing
By T. Hillukka
 Of
all the faux finishing techniques, color washing is among the easiest
to do. A color wash consists of simply covering a wall in paint, mixing
a glazing liquid with another paint color, and brushing it on over the
base coat. Sounds easy enough, doesn't it?
It is. If you would like to spruce up your home a little, but do not
consider yourself the creative type, color washing may be the way to
go. You do not... Read More |
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5 Home Safety Tips to
Prepare for Emergencies
Courtesy of ARAcontent
 Over
the years, Americans have endured many different types of tragedies and
crises—from Hurricane Katrina and September 11 to countless other
natural disasters. During these hardships, we have learned to expect
the unexpected and to be ready for anything.
With this in mind, the U.S. Department of Homeland Security has
declared September National Preparedness Month in an effort to educate
people about natural and national disaster preparedness and to motivate
families to plan ahead. In support of this year's "Ready Campaign,"
First Alert and The Lehigh Group, makers of home safety and security
products, offer some simple tips for preparing your home and family to
face unexpected emergencies.
"You never know when disaster may strike, so having a safety plan in
place is the best way to prepare your family to face crises with... Read More |
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