What’s the deal with this new tax credit if you buy a Reno Nv Home now?

It’s official.  If you are a first-time Reno Nv. home buyer and you buy a Reno home, or bought a Reno home, between April 9, 2008 and July 1, 2009, you will get a refundable $7,500 tax credit. 
However, there are a few things you need to keep in mind about this credit. 

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Some great 1031 flow of funds information I received…

This was provided by Craig Chagnon of Asset Preservation, a 1031 Qualified Intermediary. 

Some more tax savings to consider….

I have compiled a list from various sources that I am hoping will help you, I know I found a few that I have been missing:

Some real estate tax changes et al………

After laboring over my extension, (really just a phone call), I thought I would share with you some tax changes for 2008.  This is a mash up of changes I recieved from various sources.  These changes should help real estate investors in Reno and other areas even more:

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