Ian Cockburn's Blog
126 viewsIf you have $8000 cash money to buy a house for the first time, New Orleans is the BEST place to invest
Written by Ian Cockburn, SRS, Agent in 70119
September 27, 2009 11:29 AM Home Buying in New Orleans
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If you are a first time home buyer and on the fence about whether to buy or rent, give me a couple minutes of your time and show you how to leverage $8000 cash and then get it all back in 10 weeks, then be living in an income producing duplex.
Here is what you want to do:
1) Get an ADDITIONAL $800 or more cash in YOUR pocket each month - (from RENTAL INCOME)
2) Use as little as YOUR money as possible
3) Get to deduct 1/2 of the expenses on the house you are living in for repairs, etc...(so there goes THAT excuse to not buy a house)
4) Get to deduct 1/2 your water bill, upgrades AND closing costs associated with buying the house!!
5) Get to deduct 1/2 any overrall upgrades you do to the house such as spray in insulation
6) Now ALSO get a tax deduction for the insulation upgrades
7) Once you buy the house, GET your $8000 back from Uncle Sam in 10 WEEKS...NO STRINGS ATTACHED!!
8) Once you move in, that money you put down for the downpayment - much of it will come back in the $8000 by filling out a 1 page ammendment to your 2008 taxes, or on your 2009 taxes.
9) Now start landscaping, etc. to improve around your house...1/2 of the costs will be a deduction on your 2009 taxes.
10) Collect you rent!! An experienced Buyer's agent will have their own rental properties...get them to show you how to structure a lease, get the right tenants and so on.
Basically, you find a house you want in a desirable neighbourhood..look at the history of the house, neighbourhood, prices, schools and so on, (just use up an experienced Buyers Agent brain cells)
Make the numbers for the asking price, the rent and all the variables add up, (THE RIGHT BUYER"S AGENT can run the numbers for you to make you get back the max return on your money!)
Get the ACTUAL SOLDS comps for that house you are considering, (you will use this to lower the asking price on the house) - your Buyers agent can do that
Get FINANCED with a mortage professional who understands what kind of loan you want,(the Buyer's agent should have a few mortgage people in their back pocket)
It is ALL about moolah!! And it is ALL about having a professional show you the ropes, and get you invested in a house in an area where the homes are going for 30 to 50% OFF original asking prices in DESIRABLE NEIGHBOURHOODS...aka, close to restaurants, fun stuff to do, and MOST likely to appreciate in our unique city.
Call me, Ian at (504) 615-2333 and let me show you how to get going today!
Here is what you want to do:
1) Get an ADDITIONAL $800 or more cash in YOUR pocket each month - (from RENTAL INCOME)
2) Use as little as YOUR money as possible
3) Get to deduct 1/2 of the expenses on the house you are living in for repairs, etc...(so there goes THAT excuse to not buy a house)
4) Get to deduct 1/2 your water bill, upgrades AND closing costs associated with buying the house!!
5) Get to deduct 1/2 any overrall upgrades you do to the house such as spray in insulation
6) Now ALSO get a tax deduction for the insulation upgrades
7) Once you buy the house, GET your $8000 back from Uncle Sam in 10 WEEKS...NO STRINGS ATTACHED!!
8) Once you move in, that money you put down for the downpayment - much of it will come back in the $8000 by filling out a 1 page ammendment to your 2008 taxes, or on your 2009 taxes.
9) Now start landscaping, etc. to improve around your house...1/2 of the costs will be a deduction on your 2009 taxes.
10) Collect you rent!! An experienced Buyer's agent will have their own rental properties...get them to show you how to structure a lease, get the right tenants and so on.
Basically, you find a house you want in a desirable neighbourhood..look at the history of the house, neighbourhood, prices, schools and so on, (just use up an experienced Buyers Agent brain cells)
Make the numbers for the asking price, the rent and all the variables add up, (THE RIGHT BUYER"S AGENT can run the numbers for you to make you get back the max return on your money!)
Get the ACTUAL SOLDS comps for that house you are considering, (you will use this to lower the asking price on the house) - your Buyers agent can do that
Get FINANCED with a mortage professional who understands what kind of loan you want,(the Buyer's agent should have a few mortgage people in their back pocket)
It is ALL about moolah!! And it is ALL about having a professional show you the ropes, and get you invested in a house in an area where the homes are going for 30 to 50% OFF original asking prices in DESIRABLE NEIGHBOURHOODS...aka, close to restaurants, fun stuff to do, and MOST likely to appreciate in our unique city.
Call me, Ian at (504) 615-2333 and let me show you how to get going today!
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