24 Jun

NJ Has New $15,000 Tax Credit for First Time Buyers

I don’t know if you have noticed or not, but there are many buyers out there looking for properties now. I thought that since the $8000 tax credit had expired in June, well you had to close by the end of June anyway, that many were not going to want to buy anymore.

On the contrary though…

I have received many text messages and phone calls from wholesalers and bird watchers asking if I have any properties. Although my property inventory is down, I can see myself making a lot of money this summer.

If I can just get my hands on a good hard money lender then I will definitely be okay. Especially since NJ has just passed a new law giving first time home buyers who buy in this state a $15,000 tax credit.

Yes you heard right. Although the federal government has expired their tax credit, NJ has implemented their own.

This means many more people will be calling me for inventory that I do not have

If you have not heard the news, but you are in the NJ area for investing then you might want to check out this article.

http://activerain.com/blogsview/1679835/new-jersey-assembly-approves-2010-tax-credit-for-home-buyers

It may mean more money for you as well.

Tags: first time home buyer, tax credit
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NJ Has New $15,000 Tax Credit for First Time Buyers