PV Brokers Palos Verdes Estates--Where Integrity Meets Experience

FOR IMMEDIATE RELEASE
Los Angeles, California, United States of America (Free-Press-Release.com) September 20, 2010 -- Bart Cleveland
Co-Founder, PV Brokers
http://pvbrokers.net

Where Integrity Meets Experience

For 20 years, Bart has been the president of Ro-Bart Corporation primarily handling the operations of a prominent South Bay restaurant, Mr. Pockets Sports Bar. This experience afforded him unique networking opportunities as a visible part of the South Bay community. Coupled with being a Palos Verdes native, Bart’s contacts within the entire South Bay community are extensive and will be leveraged to meet all your specific real estate needs.

Bart was also the co-founder of the Westwood Opportunity Fund, a hedge fund specializing in small and mid-cap equities. He is a registered investment advisor and can provide a unique perspective to make your home choice an affordable and responsible one. Acting in your best interest with experience and integrity is one of the founding principles of PV Brokers.

Bart is a graduate of the University of California at Los Angeles and received a BA in Political Science. He presently resides in Palos Verdes with his wife and 2 children.

Why Buying a Home is a Good Idea


The Best Investment

As a fairly general rule, homes appreciate about four or five percent a year. Some years will be more, some less. The figure will vary from neighborhood to neighborhood, and region to region.

Five percent may not seem like that much at first. Stocks (at times) appreciate much more, and you could easily earn over the same return with a very safe investment in treasury bills or bonds.
But take a second look…
Presumably, if you bought a $200,000 house, you did not pay cash for the home. You got a mortgage, too. Suppose you put as much as twenty percent down – that would be an investment of $40,000.
At an appreciation rate of 5% annually, a $200,000 home would increase in value $10,000 during the first year. That means you earned $10,000 with an investment of $40,000. Your annual "return on investment" would be a whopping twenty-five percent.

Of course, you are making mortgage payments and paying property taxes, along with a couple of other costs. However, since the interest on your mortgage and your property taxes are both tax deductible, the government is essentially subsidizing your home purchase.
Your rate of return when buying a home is higher than most any other investment you could make.

Income Tax Savings

Because of income tax deductions, the government is subsidizing your purchase of a home. All of the interest and property taxes you pay in a given year can be deducted from your gross income to reduce your taxable income.

For example, assume your initial loan balance is $150,000 with an interest rate of eight percent. During the first year you would pay $9969.27 in interest. If your first payment is January 1st, your taxable income would be almost $10,000 less – due to the IRS interest rate deduction.
Property taxes are deductible, too. Whatever property taxes you pay in a given year may also be deducted from your gross income, lowering your tax obligation.
Stable Monthly Housing Costs

When you rent a place to live, you can certainly expect your rent to increase each year – or even more often. If you get a fixed rate mortgage when you buy a home, you have the same monthly payment amount for thirty years. Even if you get an adjustable rate mortgage, your payment will stay within a certain range for the entire life of the mortgage – and interest rates aren’t as volatile now as they were in the late seventies and early eighties.
Imagine how much rent might be ten, fifteen, or even thirty years from now? Which makes more sense? Please give us a call at 310 872-0778 for all your real estate needs. Or visit our website at www.pvbrokers.net.

More information can be found online at http://www.pvbrokers.net/

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