Here is another easy way we can save money as homeowners of northern Virginia real estate: automatic thermostats.
Be Comfortable & Save Money…Update Your Thermostat
Category Archives: Fairfax & Northern VA Homebuyer Savings Strategies
‘Backup’ Your House
In this age of technology and the prevalence of personal computers, everyone has either experienced or knows of someone who has lost their data from a crashed hard drive, an accident or a burglary. For those who had created a backup, this data loss was more inconvenient than critical. We all know of the importance of backing up important information.
Mortgage Interest Deduction Limitations Upheld by U.S. Tax Court
Owners of northern Virginia real estate, please be aware: The IRS currently has a $1.1 million limit on mortgage interest deduction. A recent U.S. Tax Court ruling upholds the IRS’ position that this deduction applies per residence and not per taxpayer.
Money Saving DIY Home Repair Tips
The extra costly weekend call to the repairman to fix an item that really wasn’t “broken”; it has probably happened to most of us owners of northern Virginia real estate. The feelings of relief that it wasn’t a serious problem are overshadowed by the frustration that we have to pay for the service call.
Keep Your Car Safe – Don’t Miss a Recall!
Registering a new product makes it easier for manufacturers to contact us regarding recalls on defects or other safety issues. However, it is still possible to miss a recall notice on a product, and it could put you or your family’s life in jeopardy.
The U.S. government now offers a subscription service that will notify you when recalls are made on vehicles, tires and child restraints.
How Does Cancelled Mortgage Debt Affect You?
Many owners of northern Virginia real estate have felt the impact of foreclosures and short sales in their neighborhoods. If you have been affected with a foreclosure or short sale, have you taken advantage of the Mortgage Forgiveness Relief Act of 2007?
FHA Fees Rising This Spring!
Beginning April 1, the FHA will raise the annual Mortgage Insurance Premium (MIP) to 1.25% of the loan amount. MIP is a requirement on all FHA loans, and covers lenders when borrowers default on their mortgages. Also, starting June 1, the premium on high dollar FHA loans (larger than $625,500 in high-cost areas) will increase […]
Fairfax VA Home Buyers Benefit From Making Home Improvements
As a Fairfax VA home owner, you can make your already amazing Fairfax VA home even better with just a few inexpensive home improvements. Remodeling Magazine’s recent report on cost vs. value details the most common home improvements that can really pay off in the long run: 1. Entry Door Replacement (Steel) Cost: $1,218 Resale […]
Bulletproof Protection for your Home, from creditors, judgments & IRS liens – Part B
In my last Fairfax VA blog post, I discussed with you the difference between LLC and LP entity ownership and joint tenancy, tenants in Common, tenants in the entirety. In Part B of Insider Secret Number 15, you will learn about: c.) Trusts: Grantor vs. Non-grantor. Which offers asset protection and which one offers tax avoidance? Defer or avoid Estate […]
Bulletproof Protection For Your Fairfax VA Home From Creditors, Judgments & IRS liens – Part A
This is important for anyone who owns any asset of value and has equity in it. This is bulletproof protection for your Fairfax VA home from creditors, from judgments and quite often, with structured properly, I’ve even seen investors’ assets protected from the IRS and its claims as well. In Part A of Insider Secret Number […]