Buying Farmland and Some Cows Can ACTUALLY Save You on #Taxes?
It's true — much to the dismay of many of the middle class, and it's sneaky. But thanks to a slight loophole in tax law, many of the wealthy have been able to take their massive properties on rural land assessed for millions of dollars, get the "use-value assessment" typically reserved for farmers and obtain a property tax credit.
What then happens? It's that tax credit bringing the value of, say, a $71.4MM valued property down to as little as $290K! They're basically able to have that rural land at such a low cost in terms of property tax that it almost seems like a steal (it is, actually).
You simply need to prove that you live on the acquired rural land. That's it. You don't have to do any farming, tilling the soil, milking cows or maintaining a chicken coop. File your property taxes under this tax credit, and you're golden.
There are many other supposed "tax shelters" out there to help maximize your refund. Just click below! And be sure to sign up with #ITPN immediately and get your 2-hour tax return filed right away.
You’re probably wondering what tax shelters are and why they’re so important. Read this and find out how your tax refund could blow up huge!
We’re sure many wonder just how people get rich: tenacity. That’s the only way we can describe it. It all boils down to how you buy a candy bar for a buck and then sell it for two bucks. Simple as that. Increase the scale as high as you want to go, and you have a major money maker on your hands.
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Don’t knock the home renter one bit. Because that’s the start of a journey toward home ownership when you think about it. Name one person out there either in college or fresh out, and that person will tell you: home renting was how it all began. You learned about maintenance, utility bills, even home improvement, and you certainly learned how to negotiate like a real estate Jedi master, so clearly home renting’s very much like training for home ownership. Hence that’s why this little comprehensive site called Assisting Renters makes such a dent in terms of resources for the everyday home renter looking to advance the lifestyle and living for the ultimate preparation: a rent-to-own home, or perhaps even a zero-down mortgage.
It’s all pristine and viral, nothing but positivism in this real estate cyberspace, so you know you’re dealing with the essentials: everything from home security, to credit repair, to identity theft protection, to entertainment needs. Everything. And being a member gives you access to these resources for free, and many of these resources are of little to no cost to the potential home renter or soon-to-be homeowner.
But don’t take my word for it. Read up on these reviews:
And that’s just the beginning, honestly.
You can expect plenty more content on services like Assisting Renters, and that’s just one resource out there that may help you. If you’re in the market for a rent-to-own home, though, one thing’s for sure: we can consult you, so contact us today, and we’ll help get you into that home as soon as possible. Heck, even Assisting Renters reviewed us, and they say we’re pretty cool!
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Don’t think rent-to-own landlords hold all the cards (and sometimes it seems like they do), because they really don’t. While oftentimes rent-to-own contracts will benefit those rent-to-own landlords, a certain flexibility and sovereignty still resides with the prospective tenant, and the major danger is such tenant just might forget about the fact that as a home renter with many resources available, you have certain rights.
Think about it: you’re still a home renter, even though you’ll be purchasing later on. That means you won’t have to worry about certain repairs to the house. Furthermore, your rent payments will be attributed to your credit report as many case managers for H.O.P.E. to Own will state. This means those rent-to-own landlords — who are often nothing more than other homeowners looking for some extra income out of the home they want to move out of — are responsible for everything from the broken sink to a bad furnace and everything in between. Make note of that.
Additionally, many of the questions rent-to-own tenants will ask involve a lot of legal ramifications. Here’s a big one for you: even if you’re planning on owning, does the rent-to-own landlord still own the property while you’re making your rent payments? The answer is simple: yes. After all, by contract, you abide by the date when the down payment is offered and the lease is signed over to you. Until that day, you’re still renting for that rent-to-own home.
This does also mean that rent-to-own landlord can evict you if you’re not making those rent payments on time. So here’s a little advice for you: be punctual. Don’t slack off. Treat it like a landlord-tenant partnership, and you’ll do just fine.
Sometimes the line gets blurred, though, and that’s where we, the rent-to-own consultants, come in. We’ll guide you to make sure you’re sticking to the role and observing your rights. Rent-to-own contracts can be tricky if you don’t know what you’re doing.