TAXES - Here's the SKINNY!

The administration's budget plan proposes to limit the tax rate at which high-income taxpayers - those whose family income is $250,000 or more - could take itemized deductions only at 28%. For example, if you are in the 35 percent income tax bracket and you have tax deductions of $10,000, you would be able to only deduct 28% of that - $2,800: in essence, a tax hike. Such a limitation would impact homeowners and home values because the mortgage interest deduction for many families is the single biggest itemized deduction they take. The administration says that would raise $318 billion over the next 10 years, and would pay for other programs, like health care. Well, there are lots of ways to skin a cat, but no reason to skin homeowners!

First time homebuyer $8,000 TAX CREDIT

The governement is offering first time homebuyers an unbelievable opportunity. If you purchase a home by 12/1/2009 and meet the requirements as a first time homebuyer you are eligible for up to an $8,000 tax credit that does NOT have to be repaid!

$8,000 Home Buyer Tax Credit at a Glance

The tax credit is for first-time home buyers only.
The tax credit does not have to be repaid.
The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.T
he credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.
Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

Now is the time to buy and OIG Homes can help! Visit us at www.oig-homes.com for more information.

New Pics added for 3635 Hazelhurst!

The home at 3635 Hazelhurst is almost complete. We have had a ton of calls about this well priced, all remodeled home! Well, we are putting the finishing touches on the home and just put a few new pictures on the website click the link below to view them.

3635 Hazelhurst - NEW PICS!

Heres a sample of the exterior....

5 Tips to Live Penny Wise!

• Carry a booklet around or use a worksheet (Item, Amount, Frequency) for a week and record every expenditure,no matter how small the amount. Use this to analyze what you are spending
your money on, where you are spending it and how much you are spending.

• Be specific about what your financial plans are. When you have no big picture, you make
the mistake of having each purchasing decision stand on its own.

• Unless it is a car or a house, if you have to finance a personal expense, it means you can’t afford it and should therefore avoid it.

• If you want your budget or spending plan to work, it has to be put on paper to have an effect

• Carry cash and only use credit cards you have to pay off in 30 days. Remember that compound interest is your friend when saving and your enemy when you owe. Control your expenditures , then create more income! The optimum spending equation is to live on 70% of your revenue, donate 10% to charity, invest 10% conservatively and invest the final 10% in aggressive investments. If you can’t afford to live on only 70% of your revenue, calculate
what percentage you need and continue to devote equal parts of the remaining money to charity and your investments, while still working to lower the amount needed to live on.

After everything has been calculated, figure out how many homes you need to accumulate to pay off all your monthly expenditures. Remember, these numbers should become your MINIMUM target, not your ultimate goal.

What is a Rent to Own home purchase?

Visit our website for homes available and more details! - Click here

What is the OIG Rent to Own program?
Our rent to own program is desinged for individuals who are not ready to purchase a home today but would like the option to buy in the future. The reasons for not purchasing may vary from possible job transfer, new to the area, credit issues preventing financing or even just not being ready yet.. This program allows you to simply rent the home and if you choose to purchase we will assist in the purchase process at a later date.

What are the advantages over renting?
With the "OIG Rent to Own" program we will apply the deposit and first months rent twoard the purchase of your home if you choose to buy. This allows you the flexibility of building equity over the course of your lease. We also allow you to convert your rent to own program to the lease option program at any time during your one year lease. When you convert to the lease option we will credit you $100.00 per month towards the purchase price for all payments made on time. Doesn't it make more sense having options?

What is the purchase price for my home?
The purchase price is predetermined and is typically set at the current appraised value of the home if not less. No surprises, no inflation and no worries. Your price is locked when you move into the home.

What about home repairs, property taxes and property insurance?
Don't worry! Both property taxes and property insurance is covered by us. There is no additional cost. As far as repairs go, we handle all repairs caused by faulty craftsmanship or product quality. We are unable to cover repairs caused by the tenant due to excessive wear and tear or abuse.

If this program seems like it may interest you please fill out our free online application here and write "rent to own program" in the comment section. We will have someone call you to discuss available homes and the process of getting you approved and into your new home today!