IRS GIVES BIG WIN TO REAL ESTATE PROFFESIONALS
Lake Arrowhead Real Estate is three quarters Vacation Homes
Lake Arrowhead is three quarters vacation homes. The real estate tax rulings published below are applicable to your primary residence. The rulings cited here may clarify second homes too but will likely require your tax expert to decipher the IRS rulings. Your real estate income will also need expert interpretation from your tax guru. Expect the IRS to watch our filings closely.
RECENT POSTS:
If you've been thinking about selling, you've probably seen plenty of headlines suggesting buyers have just about disappeared.
If the first half of this year has left you feeling stuck, you're not the only one. Mortgage rates stayed higher than people wanted.
Saving for a down payment can feel like the hardest part of buying a home.
After the Fed's June meeting, "I'll wait for rates to drop" is a weaker bet. Here's the honest version of that conversation.
One of the biggest reasons buyers are still sitting on the sidelines is because they think home prices are going to come down.
A lot of people who want to move are telling themselves the same thing:
"Maybe I'll just wait until later this year once things calm down."
