by kramoltz@hotmail.com | Feb 28, 2015 | Canada and Canadians, Global Buyers + Foreign Investment
Once again the value of the Canadian dollar has skyrocketed. On February 28 it rose to almost 1.03 dollars U.S. This means Canadians will get more for their money when buying real estate in the U.S. The Canadian Press reported that the closing value of 102.94 Canadian...
by kramoltz@hotmail.com | Feb 28, 2015 | Home Ownership
Old refrigerators and freezers waste energy and money. If you replace an old unit, you will lower your electric bill. In addition, your utility company will pick up and haul away the unit for you, and they will pay you to do so. Both the Salt River Project (“SRP”) and...
by kramoltz@hotmail.com | Feb 28, 2015 | Home Buying, Mortgages + Lending, Selling Your Home
There is good news from the Federal Housing Administration (“FHA”) for real estate investors. Late last month Commissioner David H. Stevens extended FHA’s temporary waiver of the agency’s “anti-flipping rule.” Flipping is the practice of selling a home in a relatively...
by kramoltz@hotmail.com | Feb 28, 2015 | Mortgages + Lending
Mortgage rates in 2010 were the lowest in six decades. Will they stay low, or will they rise, making the purchase of a home more expensive in 2011? In November of 2010, the 4.17% interest rate was the lowest since Freddie Mac began tracking rates in 1971, and the...
by kramoltz@hotmail.com | Feb 28, 2015 | Renters and Renting, Taxes
Do you rent out real estate in Arizona? Are you a landlord with tenants in a former or second home in the Phoenix metropolitan area? If so, the government has imposed a new, controversial and burdensome tax requirement that will increase your record keeping duties...
