Today on the Ilyce Glink Show, Ilyce recapped one of the biggest weeks we have seen in at least a year as far as financial news is concerned: new unemployment figures were released, Fannie Mae announced its Deeds for Lease program, the House of Representatives passed a health care reform bill and the $8,000/$6,500 first-time home-buyer tax credits were extended and expanded. Ilyce also took calls from listeners wondering whether or not the tax credits applied to their second home or investment properties. Short answer: The tax credits apply only to the primary residence of first-time or trade-up buyers. Read our Q&A with Ilyce for more information on the tax credit. And, if you’re interested in investment properties, consider our new collection of e-books: “The Successful Real Estate Investor’s Guide.”
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