December 21st, 2019 7:09 PM by Eric Willner
Radio Show Notes 12/18/19 Wednesday: The Real Estate Show Talks “Clean It Up To Take It Up” & Some Awesome Tax Deductions Are Back!
Read a summary of the show below or
This week, as The Real Estate Show talks “Clean It Up To Take It Up”, we apply this concept to our Midweek Report Edition and share how you can use our updates so you can Clean It Up To Take It Up now and in 2020!
First, Radio Show Host Eric Willner shared news that the House of Representatives just passed a spending package funding the federal government for fiscal year 2020. The bill provides authority for the National Flood Insurance Program through September 30, extends several tax provisions important to real estate markets and reauthorizes the Terrorism Risk Insurance Program for seven years. This is a move by our government, to Clean It Up To Take It Up going forward into 2020.
This is big!! Included in the package are temporary extensions of three tax provisions directly impacting the real estate industry: 1) the exclusion of forgiven mortgage debt from gross income, meaning that owners of primary residences who sold them short and had part of their mortgage debt written off will not have to pay tax on the amount forgiven; 2) the deductibility of premiums for mortgage insurance; and 3) the deduction of the cost of improvements to commercial buildings that make them energy efficient. These provisions had all expired at the end of 2017, but the bill extends them, retroactive to the beginning of 2018, and through the end of 2020. Like we said, Clean It Up To Take It Up. This IS Big! More on this later.
On another newsworthy topic related to the theme of Clean It Up To Take It Up, The Real Estate Show spotlighted the importance of your credit score with some noteworthy statistics. According to a recent article by CNBC, a good credit score could potentially help you save up to $45,000. Alternatively, a bad credit score could cost you the same amount in expenses. It’s important to Clean It Up To Take It Up,(your credit score) in order to set up a successful year ahead.
Want to “Clean It Up To Take It Up”?
Here are some Important and General Credit Score Statistics:
Credit scores aren’t as complicated as they may seem. You can Clean It Up To Take It Up. Maintaining a strong credit score is crucial to financial stability and can help you get approved for loans and credit cards. Not sure how to look at or take care of your credit score? There are many great resources available to help you view and build credit, including credit repair sites and other financial assistance. You can also visit www,TimeToFixMyCredit.com to
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Interested in making real estate investing a business? Then just log onto www.automaticlandlord.com and transform your business into the income source you dreamed of. Find out more on today’s episode and learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday evening at 8 o’clock (EST) on Florida’s Money Talk Radio station WWNN AM1470, FM 95.3, FM 96.9, and FM 103.9. You can also hear us on the free apps: iHeart Radio and TuneIn. Recorded Rebroadcasts are available 24/7 on Facebook. Please share our Facebook updates.
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Meanwhile, I can give more details in a special FREE strategy session available by appointment online our website at www.automaticlandlord.com
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Our other websites: AutomaticLandlord.com MackBuysHouses.com To sell real estate fast for cash MackSellsHouses.com To buy great investment properties MackBargainHouseHunters.com To partner on real estate deals you find
TimeToFixMyCredit.com To build, fix or grow your credit and more!
90DayFreshStart.com To buy a home when the Banks say No! Also listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
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