
The Derrick Monroe Real Estate Blog, "What You Need to Know about the Home Buyers Tax Credit" is short and sweet and explains the first time home buyer credit, but more importantly, it clarifies what everybody has been looking for-existing homeowners stipulations for the $6500 home buyer's credit. It is fairly easy for a lot of existing home owners to qualify for the credit based on the simple rules that are spelled out on this blog.
Many existing homeowners might be able to rent out their existing home and buy an additional home to work their way out of a home that has lost value and puts them underwater. They might find that this new tax credit is putting them into the rental property business with the government's help, but also can help them get a great home at a drastically reduced price and monthly payment. The thing about this is that many people would like to get into investment property but don't have the capital to get started. This blog clarifies what you need to know to qualify in simple laymen's terms and can help get some people off the side lines, once they realize the easy requirements.

