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Published 16 February 2018 LAS CRUCES – The New Mexico Mortgage Finance Authority served more first-time and non-first-time home buyers in 2017 than in any other year on record, according to MFA Homeownership Representative Teri Baca. MFA was created by the state legislature in 1975 and has provided mortgage loans and down payment assistance to more
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Published 9 February 2018 Editor’s note: This is the second in Gary Sandler’s two-part series on dealing with the tax ramifications of selling rental properties. Before selling a rental property, we explored the tax consequences associated with the purchase and disposition of a fictitious Las Cruces-area triplex purchased for $150,000. In this part, we’ll explore
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Published 2 February 2018 Editors note: This is the first in Gary Sandler’s two-part series on dealing with the tax ramifications of selling rental properties. Look for the second installment in the Feb. 11 edition of the Sun-News. LAS CRUCES – Owning a rental property has its advantages. A steady stream of income, the ability to write
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Jan 26, 2018 Renter’s insurance is always a sound investmentPublished 26 January 2018 LAS CRUCES – According to the Bureau of Justice Statistics, apartment dwellers are 50 percent more likely to be victims of theft than people who own homes. Despite that fact, a survey of 1,400 renters by Apartments.com revealed that just over two-thirds of apartment dwellers and more than half of home renters don’t carry insurance.
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Published 19 January 2018 LAS CRUCES – Which is the better choice: Purchasing an entry-level home now utilizing your current income, or waiting to purchase your dream home when your income is noticeably higher two years from now? That’s the dilemma a Las Cruces elementary school teacher is facing at this very moment. Since our
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Published 12 January 2018 LAS CRUCES – A shortage of inventory, coupled with an influx of buyers, combined to push the 2017 average Las Cruces-area sales price of new and existing homes, townhomes and condominiums to $192,865, according to a Jan. 6 report from the Las Cruces Association of Realtors. The year’s average price was $14,487, or 8.1
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