September 24, 2017

VA OKs Tax-Free Savings Accounts for 1st-Time Home Buyers

Virginia lawmakers passed a bill last month that allows first-time homebuyers to establish savings accounts for funds used solely for down payments or closing costs. Beginning July 1, Virginia first-time homebuyers will be able to contribute up to $50,000 to the savings accounts, with account earnings exempt from state taxes. “The bill establishes an individual income tax subtraction for income earned on contributions to the account,” according to the bill summary. “However, if moneys are … [Read more...]

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Many times, real estate investors need to work with a REALTOR to view homes, get comps, and eventually list newly renovated homes or rentals. As investors ourselves, we understand that time is money, cash flow is king, and reliable information is crucial. Our services help you on all accounts. We Save You Money When You Sell. We understand that in the world of real estate investment cash flow is critical. If you are an investor selling a property, our low listing fee of 4 ½ percent can save … [Read more...]

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