Category Archives: Newsletter Articles

Converting a Second Home Into a Principal Residence

By George Stott | Published: January 12, 2012
This can be a very useful investment tool to an investor that wants to pull cash out of their real estate without having to pay sizable taxes. There are a number of factors that are used to establish a principal residence such as:  (1) the length of occupancy; (2) the location of employment; (3) the [...]
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How to Wreck Your Credit Score

By George Stott | Published: January 12, 2012
The following information appeared in the Wall Street Journal April 9-10, 2011: Don’t underestimate the harm that even one missed mortgage can do to your credit score. The severe consequences underscore that you shouldn’t shrug off even an accidentally missed payment. Instead, you should pay it and call the lender right away, begging forgiveness before [...]
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Homeowners’ Assistance Program (HAP)

By George Stott | Published: June 16, 2010
Click here to download the newsletter in its entirety. Congress created HAP (Homeowners’ Assistance Program) in 1966 to compensate eligible military and civilian Federal employees when the real estate market where they owned a home was negatively impacted by base closures or reduced operations. In 2009, HAP was extended to assist service members and DOD [...]
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Thoughts on Buying a Home

By George Stott | Published: June 16, 2010
The American Dream has long been ownership of your own home. This continues even with all the foreclosures and bankruptcy problems that are taking place in late-2009 as this article is being written. In fact, a marvelous window of opportunity now exists with attractive sales prices coupled with low interest rates. Eventually, home prices on [...]
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Beware of Reverse Mortgages

By George Stott | Published: June 16, 2010
The following article appeared in the October 25, 2009 issue of the Parade Magazine Sunday Newspaper Supplement: Increasingly, strapped U.S. homeowners are opting to take out a “reverse mortgage,” a loan against a house’s value that is repaid when the borrower dies or sells the property. The number of federally insured reverse mortgages issued to [...]
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New Lead-Based Paint Requirements

By George Stott | Published: June 16, 2010
Click here to download the newsletter in its entirety. The rules regarding lead-based paint will change as of April 22, 2010. The new rules require that contractors performing work that disturbs lead-based paint in homes, child care facilities, and schools built before 1978 must be certified by the Environmental Protection Agency (EPA) and follow specific [...]
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Red Hill Underground Fuel Storage

By George Stott | Published: June 16, 2010
Click here to download the newsletter in its entirety. The Red Hill Underground Fuel Storage Facility is located about three miles northeast of Pearl Harbor in a ridge of volcanic rock in an area that provides its name. The storage was built between 1940 and 1943 and is still in use today. In June 1995, [...]
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Property Management Guidance

By George Stott | Published: June 16, 2010
This article was initially published in the Jan-Mar ’10 newsletter and has since been revised and republished in the Apr-Jun ’11 newsletter.   Background: Stott Real Estate, Inc. conducts business as The Stott Team for listings & sales of real estate and as Stott Property Management for managing rentals. We have two adjacent but separate [...]
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Tax Guide for Real Estate Investors

By George Stott | Published: October 27, 2009
The Complete Tax Guide for Real Estate Investors, A Step-by-Step Plan to Limit Your Taxes Legally is a 279-page paperback by Jaclyn Sonnenberg, published 9/08, Atlantic Publishing Group 1405 SW 6th Ave., Ocala, FL 34474. I obtained my copy from Amazon.com for $16.47. Jackie Sonnenberg uses large, easy to read font and layman terminology in [...]
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Obtaining Free Credit Reports

By George Stott | Published: October 27, 2009
This article was initially published in the Jul-Sep ’09 newsletter and has since been revised and republished in the Jul-Sep ’11 newsletter.   There are advertisements that advertise a “FREE” credit report and then charge you for various services. If you have to provide your credit card number to obtain your credit report, it is [...]
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