Kathy O'Brien Realty - Lake Champlain & Vermont

Our mobile site is optimized for smaller screens.

TRY IT NO THANKS

Kathy O'Brien

From Vacant to Vibrant - Hannaford's Proposed Relocation

According to South Burlington's community newspaper, "The Other Paper", Hannaford is considering moving to Shelburne Road. They would relocate into the vacant Kmart Plaza. According to Hannaford, this location is over 67,000 sq feet while their current location is 40,000 sq feet. The entire site would be improved including new sidewalks, benches and trees.

 

    Comments

    1. No comments. Be the first to comment.

    5 Ways to Explore Burlington Vermont

    Burlington Vermont has become a start up place for many creative people. This progressive City has a lot to offer and enjoy the unique flavor of Burlington Vermont.

      Comments

      1. No comments. Be the first to comment.

      Strawberry Festival in Colchester Vermont

      Sam Mazza's in Colchester is hosting their annual Strawberry Festival this Saturday June 17. What could be better than eating fresh strawberries grown on the farm? There are many strawberry treats plus pony rides, games and a petting zoo!

        Comments

        1. No comments. Be the first to comment.

        The Discover Jazz Festival June 2-11 in Burlington

        The Burlington Discover Jazz Festival has been in existence for 34 years. With more than 100 hours of free live music, 40 school bands and local, regional, national and international talent this is the largest music festival in Vermont. This is another reason why our community is such an amazing place to live.The festival runs from June 2-11 in Burlington, on Church Street. The mission of the Jazz Festival is " To broaden awareness and appreciation of jazz through quality live performances ......showcase Vermont and regional jazz artists.....and create a vital city-wide community festival......"  https://discoverjazz.com/

          Comments

          1. No comments. Be the first to comment.

          Sotheby's Is America's Most Trusted Brokerage

          tech

          It’s official! Sotheby’s International Realty is America’s Most Trusted TM Residential Real Estate Brokerage! The America’s Most Trusted TM award has affirmed what we at Four Seasons Sotheby’s International Real Estate have been working so hard to achieve: your confidence in letting us help you buy or sell your home.

          Ranking criteria in the study by Lifestory Research was based on “attitudes from thousands of consumers who are actively in the process of shopping for a new home.” Sotheby’s number one position reaffirms my goal of making each transaction 100% personal with a passion for making you and your needs a part of my every day.

          To see the article, click 

            Comments

            1. No comments. Be the first to comment.

            Reducing Interest Expense

            Reducing Interest Expense

            Qualified mortgage interest is deductible on taxpayers' returns subject to the maximum acquisition debt of one million dollars. For the fortunate homeowners who have paid off their mortgage, their acquisition debt was reduced to zero and only the interest on a maximum home equity debt of $100,000 is deductible.0% financing has induced car buyers into taking the plunge because it doesn’t cost anything to use someone else’s money. While mortgage rates are not at zero, they’re close enough that many home buyers are applying similar logic.

            Debt Free Home

            If you have to pay interest, deductible interest is preferable because it reduces your actual cost.

            Consider the following example of a taxpayer with a $500,000 debt-free home. If they did an 80% cash-out refinance of $400,000, $100,000 would be considered home equity debt and the interest on that would be deductible on their income tax. The other $300,000 of debt is considered personal debt and the interest is not deductible.

            However, because the rates are currently so low, the loss of deductibility of the interest doesn’t have as much impact as if the rates were higher. The key is to have a good purpose for the money that would offset the actual cost of the interest.

            Paying off a higher rate debt such as credit cards, student loans, possibly, the business debt could all have significantly higher interest rates. Refinancing a home and eliminating debts like these could be big savings.

            All lenders are not the same. Contact Kathy for a recommendation of a trusted mortgage professional.

              Comments

              1. No comments. Be the first to comment.

              Don't Consider Appreciation or Tax Savings

              mortgage calculator

              Appreciation and tax savings are legitimate contributors to an overall rate of return on the rental real estate but what if you didn't consider them at all? If you only looked at one or two, very conservative measurements, you might decide to invest especially knowing that there are more benefits that will accrue to your investment.

              If we bought a property for cash, collected the rent and paid the expenses, the amount left would be called Net Operating Income. In the example below, if would generate $7,200 a year which would be a 7.02% cash on cash rate of return which is considerably higher than the current 10-year treasury rate of around 2.3%.

              If we place a mortgage on that property, the rate of return actually increases due to leverage. After the principal and interest are paid, the net operating income obviously decreases but the cash on cash rate of return increases to 9.10% because the borrowed funds mean less cash invested.

              Another contribution to the investment's rate of return occurs with the mortgage due to amortization: the principal reduces with each payment made which increase the investor's equity. In this example, the equity build-up divided by the initial investment yields a 5.25% rate of return in the first year.

              Single family home for rental purposes offer the investor high loan-to-value mortgages at fixed interest rates for long terms on appreciating assets with tax benefits, reasonable control and an opportunity to earn higher than normal rates of return. Contact Kathy if you'd like to talk about what kind of rental opportunities are available.

              Equity Buildup

                Comments

                1. No comments. Be the first to comment.