Triad Real Estate Investors Association
Serving real estate investors in the Greensboro, High Point, Winston-Salem North Carolina and surrounding areas
Carbon Monoxide Detectors Required in NC Rental Properties
Among others set to go into effect at the beginning of 2010, a new law in North Carolina requires landlords to install carbon monoxide detectors in certain rental properties. All rental properties that have an attached garage or use fossil fuels in the heating system or appliances must have a working detector on each level [...]
New IRS Form for Homebuyer Tax Credit
Source: IRS.gov Release The Worker, Homeownership and Business Assistance Act of 2009 was signed into law November 6, 2009. If you are in the market for a new home, you may still be able to claim the First-Time Homebuyer Credit. This new law extends and expands the first-time homebuyer credit allowed by previous legislation. Here [...]
WSJ Reader Tax Questions Answered
By LAURA SAUNDERS – Wall Street Journal, November 12, 2009 President Barack Obama signed a law that extends through next spring a temporary tax credit of up to $8,000 for some first-time home buyers, which was due to expire Nov. 30. The law also adds a new tax credit of up to $6,500 for certain [...]
Extended homebuyer tax credit rules
Information courtesy Craven Shelton Gann, PA as of 11/12/2009 H.R. 3548, the ”Worker, Homeownership, and Business Assistance Act of 2009,” signed into law on Nov. 6 as P.L. 111-92 , extends and generally liberalizes the Code Sec. 36 first-time homebuyer tax credit, making it a much more flexible tax-saving tool. It also includes some crackdowns [...]
Tax Credit Extended and Expanded
New legislation, the Worker, Homeownership and Business Assistance Act of 2009, which was signed into law on Nov. 6, 2009, extends and expands the first-time homebuyer credit allowed by previous Acts. The new law: Extends deadlines for purchasing and closing on a home. Authorizes the credit for long-time homeowners buying a replacement principal residence. Raises [...]
New NC Landlord Laws
New laws go into affect for North Carolina landlords October 1, 2009. This presentation was put together by Kiet Nguyen to summarize the details. More on new NC landlord/tenant laws here Be sure to get acquainted with the NC General Statute Chapter 42 and know the Landlord/Tenant Laws you must follow.
New Home Sales Up 11% Most Since 2000
Purchases of new homes in the U.S. climbed 11 percent in June, the biggest gain in eight years, underscoring evidence that the deepest housing slump since the Great Depression is starting to stabilize. Posted on Bloomburg.com July 27,2009