Renting A Home Content Index - Page 1

Renting a home can be easier than owning a home, but it requires its own special set of circumstances. Whether you're the renter or the landlord, look at the articles, columns, blog posts, radio shows and videos for more information about renting a home.

**Fannie Mae Deed For Lease Program Rules.** Fannie Mae announced an innovative program designed to help homeowners avoid foreclosure. Called Deed for Lease, the program allows struggling homeowners who are unable to qualify for a loan modification under the current Obama Loan Modification Plan to hand their keys over to Fannie Mae, but then rent back their house at current market rental rates. Here are the Deed for Lease program rules.

**Gift Tax Limits And The Purchase Of A Home** If you are a parent and want to assist your child in the purchase of a home, you may want to give your kid a gift. But if that gift consists in the entire value of the home, you may have gift tax limits and federal gift tax consequences to deal with. While you should still be able to give the gift and will have gift tax consequences, your child will still be able to purchase a home with your gift.

The $8,000 first-time home buyer tax credit will expire on November 30, 2009, unless Congress votes to extend the deadline. But with positive housing news coming out and with health care sucking the oxygen out of the room, is there the political will to extend and expand the $8,000 first time home buyer tax credit? Sen. Johnny Isakson (R-GA) thinks so, but instead of pushing his $15,000 home buyer tax credit for everyone, he is going to propose a $10,000 tax credit for everyone, including millionaires. He believes he can attach it to upcoming legislation as an amendment and get it passed. I spoke with Sen. Isakson this morning about his efforts to get the tax credit legislation passed.

Ilyce Glink Show Notes - Georgia Flood and Insurance Claims Secrets. Russell Longcore was a live guest on the show. We had a full hour of information about flood insurance, including Russell's 7 Myths of Flood Insurance. Highlights of the 7 Myths of Flood Insurance are below.

Primary Residence Or Principal Residence: Mortgage Lender Problems A reader purchased a first home and lived in it and then bought a second home. She now lives in the second home. Now the lender claims she is in default under her loan agreement for failing to use her first home as her primary residence or principal residence. Does the lender want to foreclose on her? She is current on her loan payments. She rents out the home and otherwise has no issues at this time other than the lender now driving her crazy. It seems her mortgage lender is just trying to create problems for her.

Some Tips On Buying Investment Property vs Buying a Dream Home If you are looking for your dream home in this real estate market, you might just find it. But are you better off buying an home now and living there for a while and then turning that home into an investment home? Are there tips for people to consider when buying an investment home? What should you consider when you try to decide where to place your money for the next ten years in the real estate market? Will it be in an investment property or an investment in real estate or might you better off living where you money is in a home that you can call your dream home?

Will the $8,000 first time home buyer tax credit be extended? This and other questions about the first time home buyer tax credit are on the minds of home buyers as they try to figure out the best deal in the housing market. Should a daughter buy a house from her parents or should she use a quit claim deed? There are income restrictions and rules against buying from relatives under the first time home buyer tax credit regulations. How long do first time home buyers have left to find a house before the deadline to take advantage of the first time home buyer tax credit?

Use seller financing to save your capital gains tax exemption if your buyer is having trouble getting conventional financing. To qualify for a capital gains tax exemption you must fit under certain guidelines, like how long you have lived in the home as your primary residence. Seller financing can help you save your capital gains tax exemption before it expires. However, seller financing does carry many risks. If you can't or don't want to go down the route of seller financing, you can also consider a 1031 exchange (tax deferred exchange or Starker Trust) or an installment purchase. A qualified tax professional can help you determine if seller financing is the right choice for you, if you're trying to save your capital gains tax exemption.

Buying or Renting a Vacation Home. What's the Better Choice? Vacation homes can be a great way to enjoy your summer vacation, but should you rent or buy these homes? If you buy, you get all the investment benefits on owning a home, but you still have to take care of it. You may end up spending more time tending to your vacation home, than vacationing. Renting a vacation home may be the right way to go, if you're not prepared to pay for the right to have the vacation home for the short period you might want to stay there.

Will unemployment jobless benefits be extended again? If not, 1.5 million Americans will run out of their unemployment benefits by the end of the year. That won't be good for the economy. Meanwhile, the Cash for Clunkers program went out with a bang - six days in the CARS program ran out of money. We also offered our FREE BOOK program, and our BUY 3 GET 1 FREE Ebook Deal. See below for details.