First Time Home Buyers $8,000 Credit

First Time Home Buyers $8,000 Credit

Up to $8,000 is available for first time home buyers. You can get a credit of 10% of the purchase price of a home. Now, if you’re purchasing a duplex to live in one half, you can take advantage of the credit against 1/2 of the purchase price. For instance, if you purchased a duplex in Ormond Beach for $160,000 and moved into one unit, you could take the full $8,000 credit against $80,000 ($160,000 / 2 = $80,000).

December 1st will signal the end of a great deal for first time home buyers. Even better, you don’t need to be a first time home buyer to take advantage of the credit. If you haven’t owned a home in three years or more, you’re eligible. This credit is significant because if can be used to reduce your taxes, but if your taxes are less than $8,000, you will get a credit for the difference. Yes, you get a payout. This hasn’t always been the case with other credits.

There are some conditions in eligibility for the tax credit:

  • If you’re single, the credit starts reducing at Modified Adjusted Gross Income (MAGI) over $75,000
  • If you’re married, the credit starts reducing at a MAGI over $150,000.
  • MAGI is Adjusted Gross Income with certain deductions, such as student loan deductions, IRA contributions, and foreign deductions added back in.

With prices having fallen over the past few years, and interest rates low, this tax credit makes buying now even more attractive. If you are considering buying an Ormond Beach or Daytona Beach home and are eligible for this credit, act before the credit expires on December 1st. You must buy before or on that date.

For more information, call Lynn Byrne at 386-566-7503.

Beachside Duplex Living

Beachside Duplex Living

Many people dream of living in a beachside community. Wonderful sea breeze, walks on the beach, sunbathing, dining at a beachside restaurant are all part of living near the beach. In Ormond Beach and Daytona Beach we have the added pleasure of year-round bright sunshine.

Just a few years ago living on the beach was beyond the means of many people. Prices began rising in 2000 and went through the roof over the next five years. I was common for small homes on the beach to double and sometimes even triple in price. It’s not surprising. Homes in the Daytona Beach area were rising fast and homes on the beach were rising faster. Hey, the beach is more desirable for a lot of people.

Well, that was then and this is now. No one can say for sure that this is a once in a lifetime opportunity to buy beach community homes at low prices. What we do know is that prices are great for buyers now.

You can get even more value if you consider a multi-family home or duplex. We have Ormond Beach duplexes available that drive the price of ownership well below what a single-family home would cost. The math is pretty simple – two duplex units are less expensive than two single-family homes. When you rent out one unit you can cover a lot of the cost of living in both units and renting on the beachside is much easier that on the mainland.

Give Lynn Byrne a call at 386-566-7503 to discuss what’s available and how you can benefit.

Ormond Beach Duplex Videos

Ormond Beach Duplex Videos

Many people more people would choose beachside living if they could afford it. Living just one block from the beach in Ormond Beach Florida has just become possible for many people. Recent declines in home prices have made duplexes near the ocean available for $159,000. You can get an idea of the high quality of these duplexes by viewing the videos below.

One Bedroom Duplex Video

The video shown below is an example of our one bedroom duplexes. Scroll down to see the two bedroom video. Our duplexes include properties that have been renovated with modern appliances, bathrooms and bathroom fixtures, tile floor and much more.

Two Bedroom Duplex Video

These two bedroom duplexes are great as a second home, rental unit or year round home. As you’ll see in the video, these units have been professionally remodeled to high standards.

Why Buy an Ormond Beach Duplex?

  • One block from the beach
  • One of the best values on the beach anywhere
  • Parks nearby
  • Shopping, restaurants, banks, post office within walking distance

For more information, call Lynn Byrne at 386-566-7503.

Ormond Beach and Daytona Beach Duplexes

Ormond Beach and Daytona Beach Duplexes

Duplexes are a great idea as investment properties or to live in one side and rent out the other side. Renting one side can go a long way to paying a mortgage, or can be a great source of cash.

Our Ormond Beach duplex houses are located close to the beach (less than a block) and are very desirable as rental units.

Check out the pages and posts below for more information.

Daytona Beach and Ormond Beach Duplexes Owner Financing

We offer owner financing to qualified buyers of our Ormond Beach duplexes. In these times this may just be the difference between you owning your home or continuing to rent. Yes, these are the duplexes that are just a block from the beach and close to shops, restaurants, schools and parks.

Tags: · · · ·

Daytona Beach Invesment Property

Daytona Beach Area Investment Property – Ormond Beach Duplex

Ellinor Village Beachside Duplex
Live in one unit, rent the other unit or rent both for investment. Ormond Beach duplex just one block to the beach at an great price of  $179,000 or $89,500 per unit. One unit is rented for $700/mo. Prices have dropped and this property […]

Ormond Beach Investment Property

Ormond Beach Investment Property – Ormond Beach Duplex

Historic Ellinor Village
$79,500 price for each side of this Ormond Beach Duplex House. Best buy on beachside in the Ormond Beach and Daytona Beach area. Live in one side and rent the other half. Large lot, all brick, new roof, walk to beach, shopping, and restaurants. Near schools, hospital, […]

About Daytona Beach Real Estate

Daytona Beach real estate is offering tremendous buying and investing opportunities now. Duplexes are a wise option.

Tags: · · · ·

Scroll to Top