by Athena Paquette | Aug 21, 2015 | Blog, Home Owners, Investors, Realtors
You pay tax on the cash out on a refi. FALSE! I recently was reminded by a client that there is a common misconception out there that the cash out you get when you refinance is taxable. This is not true. The tax on any property’s gain (capital gain or the amount above...
by Athena Paquette | Aug 21, 2015 | Blog, Home Owners, Investors, Realtors
If you are in bankruptcy you cannot finance a home. FALSE!! I recently had a client who had to file bankruptcy because of a business. He wanted to refinance, but was told by his current lender that he could not for 1 year after the bankruptcy. His credit union said 5...
by Athena Paquette | Aug 15, 2015 | Blog, Home Owners, Investors, Realtors
Client repositions a rental house that always has problems to a cash flowing property. My clients still had their first home as a rental property. They bought the home in the 1990s, refinanced a couple of times. When the market went down they were stuck. The property...
by Athena Paquette | Aug 14, 2015 | Blog, Home Owners, Investors, Realtors
All the news was focused on China this week, but we did get some of our own news… China, on Tuesday, devalued their currency, the Yuan, and then did again on Wednesday. Then they saw it slide against currencies around the world on Thursday. So do we care? Well, we do,...
by Athena Paquette | Aug 14, 2015 | Blog, Home Owners, Investors, Realtors
Not Necessarily! I recently spoke to a client who had been turned down by 2 of the big banks and their own credit union. $80,000 in income no debt, $150,000 to put down but…. No credit scores. This person had never established credit because they paid cash for...
by Athena Paquette | Jan 24, 2015 | Blog, Home Buyers, Home Owners, Investors, Realtors
1. The Number – Lee Eisenberg Former Ad exec and writer for magazines, Eisenberg takes a “regular guy” look at how much you need to retire and how to figure it out. Through story telling about lifestyle, needs and wants, Eisenberg helps the reader gain a calm...
