by Athena Paquette | Mar 5, 2016 | Blog, Home Owners, Investors, Realtors
Since it’s tax season I am getting a lot of questions about taxes. If you have a tax return that shows $0 income or even a NEGATIVE income, does this mean you cannot buy property? NO. Many of us have tax write-offs that are not used as a negative in analyzing income...
by Athena Paquette | Nov 6, 2015 | Blog, Home Owners, Investors, Realtors
Client who has a lot of property and a lot of depreciation gets turned down for a home equity line by Chase. They came to me as a referral from one of the financial planners that refers me their clients for refis. The financial planner asked if it was normal to not...
by Athena Paquette | Oct 16, 2015 | Blog, Home Owners, Investors, Realtors
If I take cash out of my property I will owe income tax on it. False! You can refinance your home or a rental and take cash out above and beyond the amount you owe now. Use it to repair your house, use it to invest in another property, or take a well-earned vacation....
by Athena Paquette | Jun 26, 2015 | Blog, Realtors
If I refinance and my property appraises for more than when I bought the home, my property taxes will go up. FALSE! The property tax bill, because of Prop 13, can increase more than 2% of the assessed value year to year. The assessed value is determined by the County...
by Athena Paquette | Aug 18, 2014 | Blog, Home Buyers, Home Owners, Realtors
FALSE! A bank told my client they can only lock in when they find a property. That may be true for the bank that doesn’t want to take the risk, but we PROTECT your buyer. So it’s FALSE. We have lock and shop rates where we can lock in up to 90 days. This is especially...