The Real Estate Show

Radio Show Notes 03/05/25 Wednesday:

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Radio Show Notes-25.03.05  Wednesday – Midweek Market Report: Smart Mortgage Moves & Tax Tips for Homebuyers in 2025!

Midweek Market Report: Smart Mortgage Moves & Tax Tips for Homebuyers in 2025!

By Eric Willner, Investor, Coach, and Host of The Real Estate Show, America’s longest running daily radio show about real estate.

Welcome to The Real Estate Show – South Florida’s #1 Real Estate Radio Show and America’s longest-running daily radio show about real estate. My name is Eric Willner, known as the Voice of Real Estate and founder of America’s longest-running daily radio show about real estate. I am also the creator of The Automatic Landlord System for Owning Cash Flowing Real Estate “Profitably and Hassle-Free.” This show is a virtual real estate seminar in every episode.

This is the Wednesday Midweek Mortgage & Market Report Edition of The Real Estate Show, where we continue to talk about why NOW is the right time to buy real estate. Because let’s face it—everyone is in real estate!

Either you are IN real estate because you own it—you searched for it, negotiated it, closed on it, and now you enjoy the pride of ownership, tax benefits, and long-term appreciation, among other advantages. Or, you are ON real estate, either through paying rent directly or indirectly through your employer who covers the rent for your workplace. Either way, you are contributing to real estate wealth! Is it yours?

Preparing for Tax Season 2025: Real Estate Tax Tips & Insights

With tax season right around the corner, it’s crucial to be prepared, especially when it comes to real estate. Whether you’re a homeowner, investor, or considering making a move in the market, understanding the tax benefits and potential deductions available to you can save you thousands of dollars.

Did You Know?

1. Did you know that nearly 80% of homeowners are not maximizing their tax deductions related to real estate?
2. Did you know that failing to keep proper records of home improvements could cost you thousands when selling your property?
3. Did you know that rental property owners who document their expenses properly can save 20-30% on taxable rental income?

Today’s Show is All About: Preparing for Tax Season 2025 – and why understanding real estate tax benefits is essential for your financial success.

NOTE: Weekly FREE Workshops You Don’t Want to Miss:

1. Tuesday 8 PM – Path to Home Ownership Introduction (Online by invitation – Text Path to 561-861-2366)
2. Wednesday 8:30 PM – Financial Edge Academy “101 Overview” (Online by invitation – Text EDGE to 561-861-2366)

Do finances challenge you? Most people say YES! That’s why we created The Financial Edge—a system that provides the education and knowledge to move the needle toward financial success.

We believe in a three-pronged approach:

1. Everyone should be a homeowner.
2. Everyone should have their house in financial order with a written financial/life plan.
3. Everyone should own a business that pays them and provides tax benefits.

Special Mortgage Update

Today’s National 30-Year Mortgage Interest Rate Trends:

As of March 5, 2025, the current average interest rate for a 30-year fixed mortgage is 6.69%, down 19 basis points from last week. Refinancing rates have also decreased, making now a strategic time to reassess your loan options.

With mortgage rates fluctuating, preparation is key. Whether you need a mortgage now or plan to get one in the future, it’s crucial to get a pre-qualification (PQ) now to understand your borrowing power. We also have inside information on two new mortgage products about to take the U.S. by storm, plus a down payment assistance (DPA) program and soft credit pull options available!

Housing Market Update: The Impact of Tariffs on Real Estate

A recent article highlights how tariffs on lumber, drywall, and home appliances will affect home prices:

• Lumber costs are expected to rise by $4,900 per home.
• Builder costs may increase by $7,500 to $10,000 per home.
• New construction prices will likely rise, affecting affordability.
• Renters’ cost burdens will continue to limit savings and investment opportunities.

This is just another reason why NOW is the best time to buy and secure your real estate investment before prices increase further.

In view of this information, are you taking these Key Real Estate-Related Tax Deductions & Credits:

1. Mortgage Interest Deduction – If you have a mortgage, you may be eligible to deduct the interest paid on your loan, reducing your taxable income.
2. Property Tax Deduction – You can deduct the property taxes paid on your primary residence and even on a second home.
3. Depreciation for Rental Properties – If you own rental properties, you can deduct depreciation as an expense over time, which significantly lowers your tax burden.
4. Home Office Deduction – If you run a business from home, you may qualify for this deduction, which applies to a portion of your housing costs.
5. Energy-Efficient Home Improvements – Tax credits are available for installing solar panels, energy-efficient windows, and other green upgrades.
6. Capital Gains Exclusion – If you sell your primary home and meet IRS qualifications, you may exclude up to $250,000 ($500,000 for married couples) in capital gains from taxable income.
7. 1031 Exchange Benefits – Investors can defer capital gains taxes by reinvesting proceeds from one investment property into another through a 1031 exchange.

Conclusion – Secure Your Financial Future

As we wrap up today’s show, remember that real estate is one of the best ways to build long-term wealth, and understanding the tax benefits and market trends can give you a serious edge.

 Take action today!  Text EDGE to 561-861-2366 to join our Financial Edge Academy and gain insider knowledge on real estate, taxes, and financial planning.

Thank you for tuning into The Real Estate Show – The Wednesday Midweek Mortgage & Market Report Edition! See you on our next episode, where we continue to empower you with real estate knowledge to make the best financial decisions!