Home Buyer Tax Credit extension finally passed on November 6th, and I thought that the investors would finally get a break by receiving a $6500 tax credit when purchasing an owner-occupied property. 
Unfortunately, that’s not the case. I’ve rarely lived in one of the properties I own and, so mostly I rent because I move around so much due to my job, but I finally thought I’d be able to purchase a home to live in, and get the $6500 home buyer tax credit. Well, once again, the rules for the Home Buyer Tax Credit are so stringent, that probably only 1% of the population qualifies.
See the “10 Things to Know” article link for the Home Buyer Tax Credit details:
http://realestate.yahoo.com/promo/home-buyer-tax-credit-10-things-to-know.html
Thu, Nov 12, 2009
First Time Buyers