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$8000 first time home buyers credit ?
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  1. #1
    vrrrrrrrrrrrooooooom Administrator bugzy's Avatar
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    $8000 first time home buyers credit ?

    Who here is buying? or has bought a home recently?

    Also, I'm working on a website to help potential home buyers in the future. You guys interested in contributing?

    San Diego Home Review
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    SoCalEuro Member mike's Avatar
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    Re: $8000 first time home buyers credit ?

    I believe its a credit on your taxes. My friend is buying right now, I will ask him.
    "As I walk through the valley of death I fear no one, for I am the meanest motherf****r in the valley" - George S. Patton
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    SoCalEuro Member DTolo's Avatar
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    Re: $8000 first time home buyers credit ?

    My buddy got his $8k well before tax season... not too long after he moved into the house be bought actually.
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    vrrrrrrrrrrrooooooom Administrator bugzy's Avatar
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    Re: $8000 first time home buyers credit ?

    Quote Originally Posted by DTolo View Post
    My buddy got his $8k well before tax season... not too long after he moved into the house be bought actually.
    you mean he already received his $8000?

    what month did he close escrow? and when did he receive the $?
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  6. #5
    The Italian Job Moderator FunkTron's Avatar
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    Re: $8000 first time home buyers credit ?

    I'd love more info on this. I fully plan on diving head first into this if it turns out to actually be beneficial.
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    vrrrrrrrrrrrooooooom Administrator bugzy's Avatar
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    Re: $8000 first time home buyers credit ?

    Quote Originally Posted by FunkTron View Post
    I'd love more info on this. I fully plan on diving head first into this if it turns out to actually be beneficial.
    im already "in process" ... sold the M5

    if you need help let me know, just posted a link to my new website, that hopefully will be informational to people looking to buy a home

    San Diego Home Review
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    The Italian Job Moderator FunkTron's Avatar
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    Re: $8000 first time home buyers credit ?

    Quote Originally Posted by bugzy View Post
    im already "in process" ... sold the M5

    if you need help let me know, just posted a link to my new website, that hopefully will be informational to people looking to buy a home

    San Diego Home Review
    you need to change your date for the credit....cuz what I found was:

    The existing $8,000 first time home buyer tax credit will be extended until June 30, 2010, for contracts that are finalized by April 30
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    vrrrrrrrrrrrooooooom Administrator bugzy's Avatar
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    Re: $8000 first time home buyers credit ?

    Quote Originally Posted by FunkTron View Post
    you need to change your date for the credit....cuz what I found was:
    link? my guess is you have til end of June to submit for the credit, but you have to purchase or close the home by end of April
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    The Italian Job Moderator FunkTron's Avatar
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    Re: $8000 first time home buyers credit ?

    Quote Originally Posted by bugzy View Post
    link? my guess is you have til end of June to submit for the credit, but you have to purchase or close the home by end of April
    ah, the issue is with your title....not the content

    First-time home buyer tax credit extended to April 30th, 2009 San Diego Home Review

    you have 2009 listed in the title.
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    I'm not retarded....just tarded from the get go!
    doo-dee-dooo....ho-dee-humm... _____________________no slackin in my mack'n
    my hand has 4 fingers....and also a thumb. _____________no slippin in my pimpin

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    Northwestern Ambassador Administrator madajb's Avatar
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    Re: $8000 first time home buyers credit ?

    Not only is the 8,000 dollar credit being extended, but they've invented a new one.
    You can get $6,500 if you've owned your home for more than 5 years, and decided to buy a new one.
    Same dates apply so far as I know.

    ncttrnl, you should see if you're eligible for that one, if you haven't already.

    -ajb



  12. #11
    vrrrrrrrrrrrooooooom Administrator bugzy's Avatar
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    Re: $8000 first time home buyers credit ?

    Quote Originally Posted by FunkTron View Post
    ah, the issue is with your title....not the content

    First-time home buyer tax credit extended to April 30th, 2009 San Diego Home Review

    you have 2009 listed in the title.
    fixed

    btw, if you guys wanna contribute information to the site, please register an account, and ill give you contributor access to the site
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    SoCalEuro Member mike's Avatar
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    Re: $8000 first time home buyers credit ?

    So I can get $6500 for buying a second home? Hmmmm............
    "As I walk through the valley of death I fear no one, for I am the meanest motherf****r in the valley" - George S. Patton
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    vrrrrrrrrrrrooooooom Administrator bugzy's Avatar
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    Re: $8000 first time home buyers credit ?

    Quote Originally Posted by mike View Post
    So I can get $6500 for buying a second home? Hmmmm............
    or 10% which ever is the lessor
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    SoCalEuro Member DTolo's Avatar
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    Re: $8000 first time home buyers credit ?

    I left my buddy a message, I'll post up when I know the details.
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  16. #15
    SoCalEuro Member mike's Avatar
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    Re: $8000 first time home buyers credit ?

    ahhhh........... It would be nice to buy a vacation cabin/house somewhere.
    "As I walk through the valley of death I fear no one, for I am the meanest motherf****r in the valley" - George S. Patton
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    vrrrrrrrrrrrooooooom Administrator bugzy's Avatar
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    Re: $8000 first time home buyers credit ?

    Quote Originally Posted by mike View Post
    ahhhh........... It would be nice to buy a vacation cabin/house somewhere.
    if the home is only $50k, then you only get $5k limit

    so i believe is how it works

    so time shares and really inexpensive homes would net less credit
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    Re: $8000 first time home buyers credit ?

    im waiting on a full time position at my job then me, my buddy, and my bro r gonna go in on a house probably under my name since i have the longest credit history im hoping to be able to buy before the deadline is up
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  19. #18
    vrrrrrrrrrrrooooooom Administrator bugzy's Avatar
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    Re: $8000 first time home buyers credit ?

    Quote Originally Posted by jwill'sMK4 View Post
    im waiting on a full time position at my job then me, my buddy, and my bro r gonna go in on a house probably under my name since i have the longest credit history im hoping to be able to buy before the deadline is up
    whoever has the worse credit report will be the one they take for the loan

    actually, i think its whoever makes the most income, they will use their credit score
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    SoCalEuro Member
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    Re: $8000 first time home buyers credit ?

    i see well that'll prolly still be me lol
    Brokestatus since b4 it was cool --the upholstery guy

    Show cars are like trophy wives, sure they look good but they don't do shit.

  21. #20
    vrrrrrrrrrrrooooooom Administrator bugzy's Avatar
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    Re: $8000 first time home buyers credit ?

    Quote Originally Posted by jwill'sMK4 View Post
    i see well that'll prolly still be me lol
    if you need help with loan, i been working with a guy from Chase and a guy from BofA for my loan

    and dont forget my new website, San Diego Home Review for information about buying a home trying to write down all the tips
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