Building good credit in college is one of the best financial moves students can make. Having good credit allows them to qualify for loans, rental applications, auto insurance, phone plans and can help them get a job.

Being responsible with credit is the best way to establish and improve a credit score. For college students without much credit history, there are small but important steps they can take to build up their score.

Obtaining a Student Credit Card
Some credit cards are marketed to students and others who don’t have much borrowing history. Federal laws restrict issuing credit cards to anyone under 21 unless the applicant has the independent ability to repay debt or has an adult co-signer who accepts joint liability for the account.

Student credit cards may have low credit limits, such as $1,000, but they are otherwise indistinguishable from other credit cards. They may even have features such as cash back, no annual fees and budget management tools.

Using Credit Cards Wisely
After getting a credit card, students can start using it slowly and for occasional, small purchases that can be paid for on time. This will help build credit history and help them stay out of debt.
Students shouldn’t let a new card sit in their wallet. They must use it or risk the bank closing it due to inactivity. Putting small, recurring charges on it, such as a Netflix account or other website subscription, is an easy way to maintain use at a low cost.

Students shouldn’t make any big purchases unless it’s an emergency. Having low debt levels on their credit card will allow them to have enough of a credit line available in an emergency, and will increase the credit utilization part of their credit score.

Building Credit With Student Loans
One of the last things college students want is to default on their student loans, as this affects credit.

​Borrowers should make at least the minimum payment each month and do it on time. They should borrow only what they need to go to school, instead of using the funds to buy a car or dine out. Once they graduate, they may want to consolidate their student loans to get a better interest rate.
On-time payments and paying off student loans will improve the credit score over time. If students run into problems making payments, they should contact their student loan provider and ask for forbearance. Federal student loans also offer Income-Driven Repayment plans that base payments on a borrower’s income.

It may seem like there’s always something going on as a homeowner, from silencing a squeaky hinge to unclogging a temperamental toilet. But many household problems can be easily fixed without calling a repair service.

​A can of WD-40, a toilet plunger and a bottle of vinegar are great basics to keep on hand for easing sticky fittings, clearing the toilet and making short work of common stains. Here are some simple fixes for common home problems that even the non-handy can handle:

Squeaky Floorboard
Banish that annoying squeak by sprinkling a little talcum powder over the noisy area and brushing it into the cracks.

Stained Tub 
Removed stubborn stains by combining equal amounts of cream of tartar and baking soda with enough lemon juice to make a paste. Rub the mixture into the stain with your fingers or a soft cloth. Let sit for a half hour, then rinse well with water.

Stuck Sliding Windows 
Loosen stuck windows by spraying a little silicon spray lubricant (found at hardware stores) onto a rag, then wiping along the tracks, whether metal, wood or plastic.
​
Dry and Worn Cutting Board
Revive a worn board by warming a bottle of mineral oil (available at drugstores) in a bowl of hot water, then wiping the oil onto the surface with a soft cloth. Wipe off the excess four to six hours later.

Scuffed Linoleum 
Take care of scuff marks by rubbing the spot with white toothpaste and a dry cloth, or spraying WD-40 on a towel and rubbing lightly. Later, degrease the area with liquid dishwashing soap and water.

Poor Toilet Flush
Before you call a plumber, look for the water valve behind the toilet, on the wall or the floor. Turn it counter-clockwise as far as you can. Once it’s fully open, the tank will get its optimal water fill and power up your flush.

Torn Window Screen
If tiny tears are letting bugs in, apply clear nail polish to any tiny holes. For larger rips or tears, look for new and effective screen repair patches at the hardware store.

For $600 or so a year, plus a service fee of around $75 every time you ask for repair, a home warranty can be an inexpensive way to have peace of mind as a new homeowner.

Home warranties cover breakdowns in a home, from HVAC systems to appliances. A broken water heater can be repaired within hours, but if it can’t be fixed, a home warranty can pay for a new one to be installed.

For homeowners with an older house, they may want more things covered than a newer home would need—such as older appliances—and will likely pay more for it. If you just bought new appliances and have a manufacturer’s warranty for a year or more, you won’t need this coverage. You may be able to exclude new appliances from a home warranty to cut down on costs.

Things that can be covered by a home warranty include ductwork, electrical, plumbing, dishwashers, refrigerators, ovens, stoves, clothes washers and dryers, and water heaters.
​
Things that are unlikely to be covered include expensive items such as septic tanks, wells, heating systems, pools, garage doors, windows and doors, sprinkler systems, pre-existing conditions, and walls. Coverage for such items may cost more. Roofs may also be exempt, though some home warranty companies sell plans to fix leaking roofs.

Consider Cost
A big factor in deciding if a home warranty is worth buying is cost. Basic coverage can start at about $300 and go up to $600 or more.

Some home warranties charge for a service call, such as $75 or so, while others allow unlimited service calls. Contractors are screened and sent out by the company.

To determine if a home warranty cost is worth it, start by learning how old your appliances and home systems are and if the original equipment manufacturer warranties still cover them. Find out what the expected lifespan of each item is to help you figure out if a home warranty is needed.

Some home warranty companies require annual maintenance on appliances and home systems to keep the warranties valid. Some may ask how long you’ve had them. Don’t expect the home warranty company to pay for the annual maintenance of your appliances or home systems.

Read the contract carefully to make sure that old appliances are covered in the home warranty. Some don’t cover old appliances, such as anything more than 10 years old.

Any home, whether old, new or somewhere in between, will have things break sooner or later. Appliances and home systems only last so long. For $50 a month or so, a home warranty can provide peace of mind when things eventually fail.

While world peace is a great idea, if you want to add a touch of calm to your life, begin with your bedroom. Your room isn’t merely the place to rest your head, it’s where you wake, and the vibe of your room can set the tone for the rest of your day. Below are five tips for bringing a peaceful vibe to your bedroom.

Choose calming colors. While red or orange may be your favorite fiery hue, when picking shades for your room, choose soothing, calm colors like light blue or a gentle gray.

Pick minimal patterns. Keep the fun, funky patterns for the living room throw pillows. Busy patterns can make us feel crowded and overwhelmed, so minimize zany patterns in your sleep space.

Clear the room of clutter. Create a sanctuary in your bedroom by keeping it clear of clutter, from laundry to oversized furniture. Spend a few minutes before bed each day storing any items you pulled out, close the closet doors, put the books back on the shelves and dive into bed with a clear head and space.

Bring in nature. Houseplants can boost mood and pump more oxygen into the room. Choose a few easy-to-care for plants, like a fern or a ficus, and place them where you can see them when you wake.
​
Select the right lighting. While blackout shades can be great for blocking disruptive light, it can also negatively impact your sleep patterns by keeping your body from waking at its natural time. Find a set of blackout curtains that filter light but allow you to wake in the morning naturally.

Opening mail from your credit card company is never fun. If it isn’t a bill or marketing letter, it’s often an update to the terms of the credit card agreement, including changes to the annual percentage rate, or APR, that determines the interest rate paid on revolving balances.
​
Credit card interest rates are tied to the benchmark rate set by the Federal Reserve, so if you’re paying attention to what the Fed does then you might get an idea of upcoming increases. Or if you wait to receive a letter from your credit card company, the notification will usually come 45 days in advance, giving you at least one billing cycle to pay down your balance or find a better credit card.

When You Won’t Be Notified
However, you may not get such explicit notice if you incur a penalty APR for missing payments. The APR increase is immediate and is explained in the terms and conditions you originally received with the card. The contract will also list how you can get back to the original interest rate. Promotional rates are for a fixed period and you likely won’t get notified of when they’ll end.

If your APR is variable and tied to interest rates set by the Fed, then you may also not be notified early. Your credit card company may notify you anyway, but it isn’t required.

What to do About a Rate Hike
If you receive a credit card rate increase notice, your best solution is to ask the bank to lower your rate. It just takes a phone call and can often get you a reduction if you have good credit history and always make payments on time. You can also shop around for a better credit card elsewhere—be sure to let your bank know of better offers that it should at least match.

If you have a large balance, a balance transfer card can help you avoid the higher interest rate that’s coming soon. Balance transfer cards often offer 0-percent interest for a year or so, giving you time to pay it off before having to pay interest.

The best solution is to pay your credit card balance in full each month to avoid paying interest. Not carrying a balance is one of the best things you can do to raise your credit score.

If you’re nearing retirement and haven’t saved much for it, you’re not alone.
Forty-eight percent of workers age 55 or older say they have less than $100,000 in savings and investments, according to a 2016 retirement confidence survey by the Employee Benefit Research Institute.

They may not want to rely on Social Security to fund their retirement. Social Security will replace 39 percent of pre-retirement income for the average worker retiring at 65, according to the Center for Retirement Research at Boston College.

If you’re nearing retirement in 10 years or so, there are still some moves you can make to help ensure you’ll have enough money. Here are four ideas:

1. Save more
This isn’t as easy as it sounds, but it’s the best way to lessen the gap. Federal law allows people 50 and older to “catch up” in retirement savings accounts by increasing the limits on tax deferred savings to a 401(k) plan of $24,000, and $6,500 to an IRA. If your children are out of the house and you’re no longer paying for college, put that extra money into savings.

2. Collect Social Security later
Social Security benefits can be claimed at age 62, but waiting until you’re 70 can increase the monthly benefits by 8 percent for every year you wait when adjusted for inflation.

Almost half of American workers file at age 62. Waiting can especially help married couples, giving a surviving spouse up to 100 percent of a deceased spouse’s benefit.

3. Work longer
Working beyond age 62 helps in many ways. It gives you more time to earn money and contribute to retirement accounts, reduces how long you’ll need to rely on savings before taking Social Security at age 70, and delays claiming Social Security.

Retirement at ages 65 or 67 is becoming more common, and online, part-time jobs can make working later in life easier.

4. Spending less in retirement
A rule of thumb when saving for retirement is that 80 percent of pre-retirement income is needed to maintain your standard of living when retired. But that goal may be overstated.

You may need as little as half of your pre-retirement income, based on data that people spend less over the course of retirement. You may take a few big trips when you first retire, but chances are you’ll spend less as you get further into retirement.

Retirees can save money by moving to a smaller home or a less expensive location, and can save if they no longer have a mortgage.
​
I hope you found this information helpful. Please contact me for all your real estate needs today!

​How does the gift tax work when using gift funds to buy a home?

$17,000 ANNUAL EXCLUSION
The federal government gives each of us an allowance to gift anybody $17,000 per year without incurring any gift tax. This $17,000/year replenishes every year, and it’s $17,000 per person. So, theoretically, I could gift every person that I know $17,000 today, and then another $17,000 next year and the year after, and there would be NO gift tax. This $17,000 limit is up from $16,000 in 2022.

$12,920,000 ​LIFETIME EXCLUSION
What most people don’t realize, is that there’s a second allowance of $12.92mm! This is up from $12.06mm in 2022. In other words, let’s say that I want to give you $117,000. That’s $100,000 more than what I can give you out of my $17,000 annual bucket. That’s not a problem at all because I also have the $12,920,000 bucket. The $12.92mm bucket is called my “Lifetime Exclusion.” If I use any of it during my lifetime, I simply reduce my estate tax exclusion by that amount. 

So in our example, if I gift you $117,000, I would take $17,000 out of my annual bucket and $100,000 out of my lifetime bucket. My annual bucket replenishes each year. But my lifetime bucket does NOT replenish. In fact, I must reduce my lifetime bucket by $100,000, so now my lifetime exclusion is “only” $12.82mm instead of $12.92mm. 

Now, if my estate is less than $12.92mm, this would not be a problem at all, because my heirs would have no estate tax anyhow. However, if my estate is more than $12.92mm then my heirs would have to pay estate taxes on anything inherited above $12.92mm. In other words, the lifetime exclusion bucket is used for both gift and estate tax purposes. So every time I use it to not pay gift taxes, I’m also reducing my estate tax exclusion… that’s how and why the gift tax and the estate tax are related to one another.

ADDITIONAL RULES:

• No Relationship Required: You don’t have to be related to use either of these buckets. You can gift $17,000/year to a complete stranger and you would have no gift tax. You can also gift money to a complete stranger using your lifetime exclusion bucket, and you would have no gift tax.
• No Tax to the Gift Recipient: Everything we just talked about applies to the person GIVING the gift. What about the person RECEIVING the gift? Well, here's some more good news: there is no tax due by the gift recipient!
• $25,840,000 Total Exclusion for Married Couples: One thing to keep in mind about the lifetime exclusion bucket is that the amount changes each year. In 2023, the exclusion is $12.92mm, but it is scheduled to go up in the years ahead because it is indexed to inflation. Also, keep in mind that I can “port” over my $12.92mm to my spouse if I’m married. So technically, a married couple could have a total joint exclusion of $25,840,000! Therefore, if you are married and your net worth is less than $25,840,000, there is absolutely no reason whatsoever for you to concern yourself with the gift tax. That’s because even if you gift your entire net worth during your lifetime, you would pay $0 in gift taxes and your heirs would pay $0 in estate taxes. That’s why the gift tax is really a non-issue for most people!
• Additional Paperwork May be Required: If you're using the $17,000 annual bucket, the gift doesn't need to be reported to the IRS if you follow the proper procedures. However, if you're using the $12,920,000 lifetime bucket, you would need to file a gift tax return with the IRS (even though no gift tax would be due). This is done to simply notify the IRS that you're using part of your gift/estate tax exclusion.
• Use Separate Checks: Make sure the checks are written by the specific individuals who are giving the gift. In other words, if mom is gifting you $17,000, and dad is also gifting you $17,000, you'll need two separate checks: one from mom and one from dad. We might also have to "source" these funds from a mortgage underwriting standpoint. Please check with me before you do anything so that we can discuss the specific details of your situation and make sure this is all done properly.

$12,920,000 Lifetime Exclusion

​That's the lifetime gift tax exclusion in 2023.
Source: Momentifi

Contrary to popular belief, mortgage interest is not always tax-deductible.

Do you itemize your tax deductions?
You cannot take the mortgage interest deduction if you are taking the standard deduction. In 2023, the standard deduction is $13,850 for single taxpayers, $20,800 for heads of household, and $27,700 for married taxpayers filing a joint return. (Please see a CPA for details.)Is your home a qualified residence?
Mortgage interest is only deductible if the mortgage is attached to a "qualified residence". Taxpayers can generally deduct the mortgage interest on two qualified homes: one primary home and one vacation home.

Is your mortgage classified as "acquisition indebtedness"?
Your mortgage or home equity line of credit is considered "acquisition indebtedness" if it was used to buy, build, or improve a qualified residence. Generally, you can deduct the interest on mortgage balances up to $750,000 of Acquisition Indebtedness. Here are two examples:

• Jane buys her $500,000 primary residence using a $400,000 mortgage. Jane would be able to deduct the interest on the $400,000 mortgage as acquisition indebtedness because (1) the mortgage was to buy a qualified residence; and, (2) the mortgage falls within the $750,000 limit.
• Janice buys her $500,000 primary residence with cash. A year later, Janice does a cash-out refinance and puts a $400,000 mortgage on the home. The funds are not used for home improvements. Janice would NOT be able to deduct the interest on the new $400,000 mortgage because the funds were not used to buy, build, or improve the house.

$1MM ACQUISITION DEBT LIMIT ON PRE-2017 LOANS.
Your acquisition debt limit is $1 million if you closed on your home loan prior to December 16, 2017, and the loan qualified as acquisition indebtedness at that time. You can keep that $1 million limit if you refinance that home loan as long as you do not increase the current balance on the loan. For example, if your current balance is $950,000, the new loan you’re refinancing into can’t be more than $950,000. This is also true when consolidating or refinancing a home equity loan or line of credit taken out prior to December 16, 2017, as long as you used that home equity loan to buy, build or improve a qualified residence. In that case, your combined aggregate total limit would be $1 million, whether you keep both loans separate, or whether you consolidate them into a single loan.

DISTINCTION BETWEEN A ​QUALIFIED RESIDENCE AND AN INVESTMENT PROPERTY.
Everything mentioned above pertains to a mortgage transaction involving a primary home or vacation home that is elected as a “qualified residence” for tax purposes. If your transaction involved an investment property, see IRS Publication 527.

​Number of the Week: $750,000

You can deduct the interest on mortgage balances up to $750,000. (If you follow the rules outlined above.) Source: Momentifi

WHEN IS INTEREST ON HOME IMPROVEMENT LOANS TAX DEDUCTIBLE?

In order to deduct the interest on the mortgage as acquisition indebtedness, the IRS requires the project to be a "Substantial Improvement" that:

• Adds to the value of the home;
• Prolongs the home’s useful life; or,
• Adapts the home to new uses.

For example, painting a room may not qualify, but an addition or new kitchen may qualify.

If you are pulling cash out to reimburse yourself for improvements already made, those improvements must have occurred within the past 24 months in order to qualify for the acquisition indebtedness deduction.

You must take out the mortgage or home improvement loan within 90 days after the work is completed in order to qualify for the tax deduction. The home acquisition debt is limited to the amount of the expenses incurred within the period beginning 24 months before the work is completed and ending on the date of the mortgage.

DON'T GET TRIPPED UP BY THESE COMMON MISTAKES!

A "carry cost" is the cost to "carry" the property, such as the mortgage payment, property taxes, utilities, maintenance, and other expenses. For example, if you buy a house with the intention of selling it within a year, what are the total costs you will incur during that time to "carry" the property? It's important to accurately estimate those costs so that you don't get tripped up by them later on.

In most cases, you’d need to sell the house for at least 8% - 10% more than what you paid for it just to break even and cover the real estate commissions and transfer taxes. It's important to take that into account when you run your numbers so that you can accurately forecast your potential rate of return on investment.

What if the tenant defaults on the rent and you have to hire a lawyer or go through a costly eviction process? Or, what if you can’t find a tenant? That's why it's important to consider risk reduction techniques like non-refundable deposits, sale/leasebacks and/or rent-to-own strategies.

What if you need access to your capital and you can’t sell the house? That's why you should never be 100% invested in real estate. This means that if your budget for real estate investments is $500,000, you should keep part of that cash in the bank, sitting on the sidelines. This way you won’t get into trouble if the property sits vacant for a few months. Also, a cash cushion allows you to quickly take advantage of other investment opportunities when they arise.

GET TAX-FREE GAINS WHEN SELLING YOUR PRIMARY HOME!

Your tax basis is the cost of buying, building, or improving a property. For example:

• Purchase Price: $500,000; PLUS:
• Closing Costs: $10,000; PLUS:
• Home Improvement Costs throughout the Years: $90,000; EQUALS:
• Tax Basis: $600,000

​Your capital gain on the sale of the property is your sales price MINUS your costs of sale MINUS your basis. For example:

• Sales Price: $1,000,000; MINUS:
• Costs of Sale: $80,000; MINUS:
• Tax Basis: $600,000; EQUALS:
• Capital Gain: $320,000

In the US, we're required to pay capital gains taxes on any profit ("capital gain") we receive when we sell a property. Under current law, the capital gains tax rate can be up to 20%, plus an additional 3.8% net investment income tax. Using the example above, you could be required to pay up to up to $76,160 in capital gains taxes (23.8% tax on the $320,000 of capital gain), depending on your specific income level.

If the property is your primary residence, you can get what’s called a principal residence exclusion. This means that a certain portion of the capital gain is excluded from tax. Married couples can exclude $500,000 of capital gain from tax. Individuals or married couples filing a separate tax return can exclude $250,000 of gain from tax. In the example above, the entire $320,000 would be excluded from tax if this was your primary home and if you were married, filing a joint tax return. This means that you could save up to $76,160 by using this exclusion (no capital gains tax and no 3.8% investment income tax)! Here are several rules to follow to qualify for the exclusion:

• You must live in the home as your primary residence for 2 out of the last 5 years.
• You can take the exclusion once every two years: If you have a large capital gain on your property, why don’t you consider selling it now, and pocketing the proceeds tax-free? Then, you can purchase another home and do it all over again because there’s no limit on how many times you can get this exclusion! You just have to wait 2 years in between each sale and make sure that you live in the property as your primary residence.
• You don't have to use the proceeds to buy another home.
• The exclusion only applies to primary homes: This exclusion doesn't apply to vacation homes or investment properties. It only works if you live in a property for two full years out of the last five full years. Also, there are some limitations on the exclusion if you turn a rental property into a primary home.
• Extra calculation applies if you convert a rental property into a primary home: If you rent out the house BEFORE you live there as your primary residence, the calculation of how much gain you can exclude is based on the percentage of time that you've lived in the home as your primary residence. For example, if you rent out the house for three years, and then you move in and live in the house for the next three years, you can only exclude 50% of the gain. This is because you only lived in the house for 50% of the time you owned it. This calculation must be performed even if you originally bought the house as a primary home, but didn't live there until after you rented it out. However, if you rent out the house AFTER you've lived in it as your primary home, you do not need to perform this extra calculation.

HERE ARE 3 IMPORTANT THINGS TO CONSIDER ABOUT FLIPPING HOUSES IN TODAY'S MARKET.

Approx. 8.2% of all residential real estate transactions were house-flips in Q2 2022 according to Attom Data Solutions, a leading real estate data provider. That's down from 9.7% in Q1 2022 but still up from 5.3% in Q2 2021. Meanwhile, average house-flipping profits remain far below their peak due to increased competition, rising mortgage rates, and a slowdown in house price appreciation.

The costs to renovate and repair a home have soared in the wake of a labor shortage, supply chain disruptions, and rising inflation. This means that it may take you longer than expected to fix and flip the home. Also, be sure to budget for higher costs, which of course, will eat into your profit margins.

It's highly unlikely that house prices will crash because we have an ongoing shortage of housing inventory in the US. Even so, annual house price appreciation is expected to slow to its long-term average of 3%-4% during the next 12 months. We've already seen month-over-month price declines in some extra-frothy markets. This means that you may not get as much as you initially anticipated when you go to sell the house.

​YOUR COST OF BORROWING MAY BE LOWER THAN YOU THINK!

Homeowners who itemize tax deductions can deduct the interest on up to $750,000 of mortgage balances used to buy, build or improve a qualified home. In the past few years, not as many home buyers benefited from this because their total annual interest expense was lower than their standard deduction. 

However, interest rates and total annual interest expenses have doubled this year according to Freddie Mac's weekly survey of mortgage rates. For example, a $500,000 mortgage at a 6.5% interest rate has an annual interest expense of $32,500. This far exceeds the standard deduction. This also means that the homeowner in this example is more likely to itemize and benefit from the mortgage interest deduction.

Calculate for yourself!

• Step 1: Express your tax bracket as a decimal: 24% = 0.24
• Step 2: Subtract that number from the whole number one: 1 – 0.24 = 0.76
• Step 3: Multiply that number by your interest rate: 6.5% x 0.76 = 4.94%
• In this example, a 6.5% mortgage costs 4.94% after-tax for someone in a 24% tax bracket.

​HERE'S A GREAT NEGOTIATING STRATEGY FOR A CHANGING MARKET

A "2-1 Buydown" is where you or the seller pay a fee at the closing to reduce the interest rate on your mortgage by 2% in year 1 and 1% in year 2. This results in temporarily lowering your monthly payment and potentially making the home more affordable for you.

A "3-2-1 Buydown" can sometimes also be used, although a 2-1 Buydown is more common. A 3-2-1 buydown is where you or the seller pay a fee at the closing to reduce the interest rate on your mortgage by 3% in year 1, 2% in year 2, and 1% in year 3.

A 2-1 Buydown reduces your interest rate and monthly payment during the first few years of homeownership, making the home more affordable for you. It can also allow you to benefit from owning a home now so you can start to build equity vs. waiting a few more years and continuing to rent. If the seller pays for the 2-1 Buydown, it would have a much greater impact on your monthly payment than asking the seller to reduce the list price of the home. This could be a great negotiating tool because a greater percentage of homes listed for sale in today's market are seeing price reductions.

One way to get maximum benefit with a 2-1 Buydown is to use it on a 5-year or 7-year intermediate term ARM (adjustable rate mortgage). The interest rate on those types of loans is often lower than the interest rate on a fixed-rate loan, resulting in an even lower monthly payment.

In year 3 of a 2-1 Buydown, your interest rate would adjust to its normal "note rate." If market interest rates are the same or higher than they are today, you would just keep the loan and pay the normal payment. However, if a recession happens, as is being predicted by many economists, market rates may come down again. In that case, you may be able to refinance at the then-current rates. Keep in mind that interest rates are cyclical. They tend to go up when the economy is doing well, and they tend to go down when the economy is doing poorly.

​THREE QUESTIONS TO DECIDE IF THIS IS A GOOD TIME FOR YOU TO BUY A HOUSE

Wages have increased considerably in the past year and are likely to keep rising because there are over 10 million job openings in today's economy. If you tune out all the noise that's not specific to you, is the home you want to buy affordable for you personally given your specific income/employment situation? There's no one-size-fits-all solution in today's market. That's why it's important for you to run the numbers for yourself, consider the alternatives, and make your own decision. I'm here to help in any way I can!

INFLATION IS AT DECADES-HIGH LEVELS: HERE'S HOW IT IMPACTS HOUSE PRICES

House prices tend to go up along with all the other asset prices in the economy during periods of high inflation. During the last period of high inflation, from 1970 - 1989, the average increase in house prices was 7.64% per year. During the past 20 years of low inflation, from 2000 - 2019, the average increase in house prices was 3.70% per year. House prices tend to go up at a faster pace during periods of high inflation. That's why real estate is often referred to as a "hedge against inflation." ​

4 bed 2 bath 2 car garage home situated in prime location. Home was just renovated, new Flooring, new kitchen cabinets, new counter tops, new stainless steal appliances to match. Back yard is fenced and has a large storage unit with patio area. Easy on off freeway access, shopping, schools are walking distance. This is a must see home.

3 Bed 2.5 Bath with over 1300 sqft Plus a patio area and 1 assigned parking. Home has been upgraded and it shows. Kitchen features stainless steal appliances, Newer Cabinets, Granite Countertops, and added breakfast bar. Extra large living room is open and you can walk out to your patio area. Home has mixture of new Laminate floors and ceramic tile flooring. Master bath has custom tile work, hall bathroom has been upgraded.

Great Investment Opportunity. Live in one unit and rent out the back home or rent out both. both units have been updated and are professionally managed. Rents were just increased start of this year.
All utilities Are Separated
1) Main home 4 bed 2bath washer/dryer hookups 
2) Back Home 2 bed 1.5 bath stacked washer/dryer 

​4 bed ArrowCreek Gated community, Great Reno Location! Beautiful 4 bedrooms and 3.5 bathrooms 3 car garage single-family house, close to walking trails and recreational actives.