Kids, Turtle and Fort Worth Stockshow
Such a fun looking picture…maybe not from the turtles point of view?
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Steve Young
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Steve Young
January 2015 Newsletter by Steve Young
Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.
Please click on this link to view the Housing Trends January 2015 Newsletter:
Steve Young’s Housing Trends Newsletter
If you are interested in determining the value of your home, click the “Home Evaluator” link below for a free evaluation report: Find the Value of your Home with Steve Young’s Home Evaluator Free Report
Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future.
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Steve Young
Happy birthday Wolfgang Amadeus Mozart (1756–1791)
Born on January 27, 1756, in Salzburg, Austria, Wolfgang Amadeus Mozart was a musician capable of playing multiple instruments who started playing in public at the age of 6. Along with his friend Joseph Haydn, Mozart conceived and perfected the grand forms of symphony, opera, string ensemble, and concerto that marked the classical period.
I like most all his music and many favorites but tops would be Requiem in D minor and Symphony No. 40 in G minor.
Enjoy!
Two little friends I miss.
P.S. They never knew each other!
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Steve Young
Flipping Houses? Uncle Sam is Watching
Good article from The Real Estate Center By David Jones, Senior Editor,
COLLEGE STATION, Tex. (Real Estate Center) – Flipping houses is not as popular as it once was, but there is still money to be made at it. As with any profitable venture, flipping is on the Internal Revenue Service (IRS) radar.
“There was a substantial increase in flipping during 2014 in some areas of the country,” said Dr. Jerrold J. Stern, a research fellow with the Real Estate Center at Texas A&M University. “In the first quarter, Dallas and Houston flips were up 28 percent and 29 percent, respectively.”
Flipping is typically assumed to have taken place when a house is sold less than a year after it is purchased.
In August 2014, RealtyTrac reported flippers earned an average 21 percent gross return or $46,000 average profit. That was down from a peak of 31 percent in 2011.
“To a large extent, the tax treatment of flipping depends on whether the IRS considers the flipper to be a real estate dealer or a real estate investor. Investor status is generally preferred by flippers,” said Stern, an accounting professor in the Kelley School of Business at Indiana University.“While the IRS uses a list of key factors to determine dealer-investor status for flippers, no single factor is determinative.”
The most important factor may be the number of flips per year, he said. One flip does not normally indicate dealer status. As the number rises, however, so does the possibility the IRS will classify the flipper as a dealer.
“Investor net income from properties held one year or less is considered short-term capital gain,” said Stern, “and generally taxed at ordinary income tax rates ranging from 10 to 39.6 percent. Such gains may be subject to an additional 3.8 percent investment income surtax depending on the level of the investor’s other taxable income.”
In sharp contrast, dealer net income is subject to the regular income tax plus the 15.3 percent self-employment tax but not the 3.8 percent investment income surtax. The holding period is not relevant. The 15.3 percent tax rate is applied to the first $118,500 of adjusted net self-employment income.
Dealers can deduct losses in full in the year of sale. Investors’ long- and short-term capital losses may be limited to $3,000 per year.
For more on flipping, including taxation examples, read “Flipping Houses? Uncle Sam is Watching” in the January issue of Tierra Grande magazine, the Center’s flagship periodical.Only thing I can add to this is…what in the heck is he NOT watching?
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Steve Young
Steve Young’s December 2014 Newsletter
Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market to purchase a home, thinking about selling/leasing your home, or just interested in homeowner issues in general.
Click on this link to view: Steve Young’s Housing Trends Newsletter
Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, consumer videos, blogs, real estate glossary, mortgage rates and calculators, consumer articles, and REALTOR.com local community reports.
If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report:
Get a free evaluation report for your home or property here
Steve Young’s Information Tour
Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future.
Happy New Year,
Steve Young
RE/MAX Associates
4105 S Bowen Rd Arlington TX 76016 817-276-5149 -
Steve Young
Raising awareness regarding cystic fibrosis
Back in September I/we asked you to reach out to your senators in support of the Newborn Screening Save Lives Reauthorization Act.
I/We are thrilled to announce this bill passed the Senate and was signed into law by President Obama. Passage of this critical legislation would not have been possible without advocates like you.
We are so proud of the amazing advocacy work accomplished by the CF community. We look forward to working with you in the new year to add tomorrows to the lives of those with CF.
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Steve Young
Ludwig van Beethoven
Although his exact date of birth is uncertain, Beethoven was baptized on December 17, 1770.
Since as a matter of law and custom, babies were baptized within 24 hours of birth, December 16 is his most likely birthdate. However, Beethoven himself mistakenly believed that he was born two years later, in 1772, and he stubbornly insisted on the incorrect date even when presented with official papers that proved beyond any reasonable doubt that 1770 was his true birth year.
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Steve Young
Wolfgang Amadeus Mozart
Born: Salzburg, January 27, 1756, Died: Vienna, December 5, 1791
At the age of four he could learn a piece of music in half an hour. At five he was playing the clavier incredibly well. At six he began composing, writing his first symphonies at the age of eight. He was constantly traveling all over Europe with his father, Leopold Mozart (1719-1787), a violinist, minor composer and Vice-Kapellmeister at the court of the Archbishop of Salzburg.
The influence of Mozart on the composers that followed cannot be emphasized too strongly. He was idolized by such late nineteenth century composers as Richard Wagner and Peter Tchaikovsky; and his music came to influence the neo-classical compositions ofIgor Stravinsky and Sergei Prokofiev in the twentieth century.
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Steve Young
Steve Young’s November 2014 Newsletter
Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.
Please click on this link to view my Newsletter: Steve Young’s November 2014 Housing Trends Newsletter
The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.
If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report:
Get a free evaluation of your home or propertySound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future.
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Steve Young
Fun Ways To Support Cook Children’s
Wheel of Fortune: Secret Santa Sweepstakes
CMN Hospitals and the charitable position of children’s hospitals will be featured during 28 shows as part of Wheel of Fortune’s Secret Santa Sweepstakes promotion. Throughout the promotion, viewers can enter to win the same prizes as the show’s contestants, and the winning home viewer will also select a Children’s Miracle Network Hospital to receive a donation matching the contestant’s winnings. At least $300,000 will be donated to children’s hospitals during this promotion. Wheel of Fortune continues to be one of the top-rated shows in America with more than 9 million viewers each night. Not only will this help generate donations to members of CMN Hospitals, but create wonderful awareness. Registration ends November 30th. Visit wheeloffortune.com for more information and to sign up.Giving Tuesday
On Tuesday, December 2, we will celebrate Giving Tuesday, a global day dedicated to giving back. The idea is simple. Find a way to give back that your family, coworkers, or friends can all enjoy together. We have a day for giving thanks, and we have two days for shopping… join us for Giving Tuesday to kick off the giving season! Visit cookchildrens.com/giving on Giving Tuesday, December 2 to donate!Make a difference while shopping
Holiday shopping is in full swing! While you’re looking for gifts for your loved ones, you can be giving back to Cook Children’s patients at the same time!- Amazon Smiles – When you shop this holiday season, and all year round, your Amazon purchases can make a difference. Amazon donates a portion of eligible purchases made at AmazonSmile to the charity of your choice. Simply go to smile.amazon.com, sign in using your amazon account or create a new account, and then select Cook Children’s Medical Center as your charity of choice.
- Aflac Holiday Duck – For the 14th year in a row, Aflac and Macy’s have partnered to create the Holiday Duck. 100% of the net proceeds help children’s cancer hospitals across the country, including Cook Children’s. Visit aflacduckprints.com or your local Macy’s retailer to pick up your Aflac duck today!
- Ziggedy – Do you shop online? Did you know that your online shopping can raise donations for Cook Children’s? Through Ziggedy, you can shop thousands of retailers, like Target and Macy’s, while earning donations to Cook Children’s with no cost to you. To sign up, visit ziggedy.com!
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