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Home Buying in SoMa : Real Estate Advice

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Activity 22
Sun Jul 19, 2009
Jed Lane answered:
When my clients have these questions I recommend that they talk to an accountant. Using your own numbers they can tell you the tax ramifications and how it will benefit you.
Our board has a video interview with a CPA that can be accessed from my web site. The button is about 2/3 of the way down the page and is labeled “Spotlight with Tom Sinkowitz”.
I know that when I was renting it was very important for me to be in a place where no one else can tell me to leave which happened twice. I also worked with many elderly people that lived in SRO’s in the Tenderloin.
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Sun Jul 19, 2009
Patti Pereyra answered:
PMI (Private Mortgage Insurance) if you will have less than 20% down, or unless our lender is able to avoid it with 2 separate mortgages.

Other than that, looks like you have it all factored in, other than budgeting for monthly utilities (it's always a good idea to find out the average heating/cooling bills of a house/condo prior to making an offer). ... more
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