Wow... is that powerful!... and why aren't more investors taking advantage if that "loop hole"?

The only requirement is that you live in home for 2 out of last 5 years... and it is your primary residence. That means you just must live in house 24 months to get tax savings.

What if you match that tax break with a FHA 203(k) loan?

Your heart should begin beating faster if you understand 203(k). Look at features of this real estate loan...

FHA down payment (3%) Flexible credit qualifying Assumable loans Finance up to 6 months of mortgage payments Purchase or Refinance AND IMPROVE all in one loan Upfront mortgage insurance waived

Get it?... One single loan is used to pay for purchase (or refinance) and cost of renovating home.

In business of corporate politics, one thing has become very clear: Most business decisions are grown from grassroots level. Sure, it may all seem likes it’s coming from corporate HQ, with announcements and presentations that have their organisations in perpetual flux, but make no mistake about it, most of those decisions have been influenced by lobbyists in lower levels. The bigger organization, harder it may be to see, but that does not make it any less relevant, only more difficult to find. Executives do not know enough about true inner workings of a company to be able to form a strategic plan capable of reaching lower levels of business. Executives rely heavily on input from ladder seekers within their own organisations on which they build their business cases.

How can everyday negro (or lower level manager) take advantage? The easiest way is by following old adage, “Necessity is mother of invention”. I can’t tell you how many positions and even whole departments have been created based on creative folks jumping in to take on gapped responsibilities that other teams have shirked due to lack of funding or inadequate training. If managed properly, stepping up to meet corporate deficiencies can lead to influencing corporate decisions. How so? Advertising works! Never step up to addressing a problem without due recognition for it once it has been resolved. A great example would be to send out a broadcast email congratulating everyone for a great effort resolving issue. Identify which actions were taken by what group, and what resulting positive impacts where in terms of improved financial numbers, lowered costs of doing business and/or increased employee/customer satisfaction. Make sure to not only send this out to all people within your organisation that were involved, but to their bosses as well. You would now have succeeded in improving your own image by enhancing those around you that is subtle enough to get score you points, and keeps folks happy about working with you at same time.