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Gerald Lucas

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Year End Real Estate Tips For Homeowners, Buyers & Sellers, Do This At The End Of Each Year When You Have A Mortgage, How Much Construction Employment Moved This Year?

December 10, 2024 Gerald Lucas

Year End Real Estate Tips For Homeowners, Buyers & Sellers

Real Estate Tip:

If your mortgage lender pays your real estate taxes from an escrow account, make sure the real estate taxes you claim on your return matches the number on Form 1098 your mortgage lender sends you-Form 1098 will report any real estate taxes you paid to the IRS.

Real Estate News:

Construction employment rose year over-year from October 2023 to October 2024 in 41 US states.

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Tags Gerald Lucas, real estate tips, real estate strategies, year end real estate tips, homeowners, home buyers, home sellers, taxes, lenders, mortgage rates, mortgage loans, expenses, exemptions, deductions
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Are Section 8 Tenants Bad?, The Truth About Capital Improvements & Your Home's Value, Multi-Family Permits Drop By How Much?

December 3, 2024 Gerald Lucas

Are Section 8 Tenants Bad?

Real Estate Tip:

Think twice before sinking a lot of money into a home renovation like granite countertops, pricey fixtures, and fancy alarm systems—on average, capital improvements add only 50% of their cost to a home's value!

Real Estate News:

The total number of multifamily permits issued nationwide fell 16% from a year earlier.

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Tags Gerald Lucas, real estate tips, real estate strategies, section 8, HUD, landlord, tenant, voucher, rent
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3 Things To Be Grateful For This Thanksgiving 2024, Useful Oil Tank Scan Tip

November 26, 2024 Gerald Lucas

3 Things To Be Grateful For This Thanksgiving 2024

HAPPY THANKSGIVING

Real Estate Tip:

When you pay for an oil tank scan on a property you are going to buy, have the company you hire determine whether the tank is actively in use. If the tank has been taken out of service, you should request all documents relating to the tank closure including town permits and contractor reports. These documents will prove the tank was closed properly according to regulatory guidelines.

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Tags Gerald Lucas, real estate tips, real estate strategies, interest rates, home building costs, housing inventory, thanksgiving
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