$8,000 Homebuyer Tax Credit South Bend, IN

Quick Summary of The Tax Credit

First Time Home Buyers can get a tax credit for up to $8,000. But, PLEASE NOTE..the definition of a first time home buyer is anyone who has not owned a home within the last three years! So, even if you have owned a home earlier in life but have not for several years, you could still qualify for this credit.

The Credit is obtained after the closing on the new house: by filing a simple form with the IRS that ammends your 2008 tax return. You should receive the funds within 30-45 days (based on what my clients have experienced thus far). In other words....yes you get a check in the mail for the sum of up to $8,000!

You may be asking: How is the tax credit determined? The credit is 10% of the purchase price of the house, up to $8,000. So basically if you buy a house of $80,000 or more than you will get $8,000 back.

Do you have to pay it back over time like the 2008 homebuyer tax credit? NO! As long as you occupy the property for at least 3 years, the $8000 is yours to keep. The 2008 homebuyer tax credit was up to $7500 and required $500/yr. repayment over 15 years, so it was really a 0% interest loan. This is free money!

If Barack Obama had not owned a house in the past 3 years, could he qualify even though he is unbelievably wealthy? NO! There are some income stipulations! If you make more than $75,000 annually as an individual or $150,000 married filing jointly the credit rapidly diminishes and becomes $0 as your income increases. If all you folks over $150,000 got the credit to, then who would be paying for it for the rest of us!

For complete details or to have a personal property consultation today, please call me at:
Steve Smith at 574-360-2569

For more information, please visit my website:
http://www.goirishproperties.com/

Notre Dame Student Housing Walk to Campus

Go Irish Properties is featuring to excellent housing opportunities for students looking for off campus housing for Notre Dame or St. Mary's for the 2009-2010 school year or Notre DAme football enthusiasts looking for the perfect weekend rental.

A newly remodeled 2 bedroom, 1 bath home jsut blocks from the south entrance to Notre Dame's campus and the new Eddy Street Commons development. This 1920's era bungalow features newly refinished hardwood floors throughout, brand new appliances, a newly remodeled bathroom, fenced in yard, and 1 car detached garage. You can lease it now for $1000/mo. including municipal water/sewer service.

Also available is a fully furnished, newer construction 4 bedroom, 3.5 bath townhome with 2 car attached garage walking distance to campus at Dublin Village Townhomes. This home is available for occupancy August 16, 2009 or is still available for the 2010-2011 school year. With beds and desks in each bedroom and all large furniture including couches, tables, chairs and bar stools included. You can bring your personal items and move right in. Call Steve Smith at Go Irish Properties today for a private tour 574-360-2569 or email at steve@GoIrishProperties.com!

2009 Notre Dame Football Schedule

For all you football fans out there, you can never have too many copies of the 2009 Notre Dame Football Schedule close by. We are publishing it on our blog whenever you need to reference it:

2009 Notre Dame Football Schedule
Sept. 5 NEVADA
Sept. 12 at Michigan
Sept. 19 MICHIGAN STATE
Sept. 26 at Purdue
Oct. 3 WASHINGTON
Oct. 10 Open Date
Oct. 17 USC
Oct. 24 BOSTON COLLEGE
Oct. 31 vs. Washington State (at San Antonio, Texas)
Nov. 7 NAVY
Nov. 14 at Pittsburgh
Nov. 21 CONNECTICUT
Nov. 28 at Stanford

Hotels, Hotels Everywhere in South Bend, IN

On June 21, 2009 the South Bend Tribune ran an article written by Tommy Conroy about the continued growth in the number of hotel rooms in South Bend despite the recession. St. Joseph County now has 4,591 rooms up from 3,811 rooms in 2005 according to the article. Much of the new growth is fueled by specualtion on Notre Dame Football Weekends with new hotels on SR 933 close to campus. Occupancy levels are tenuous and some hotels are going out of business.

One attractive alternative that many Notre Dame alumni and parents of Notre Dmae and St. Mary's students have found is to purchase a maintenance free condo or townhome close to campus. This trend has been increasing fueled by a new construction boom that began in 2005. This market too has cooled leading to some great investment deals to be made in developments like Dublin Village Townhomes, Irish Crossings Townhomes, Ivy Quad, and Notre Dame's new Kite Realty built development, Eddy Commons. Now is probably the best combination of distressed sellers and relatively low interest rates to be seen in the coming years. Rising interest rates and decreased building will mean higher prices for buyers in the coming years, so take advantage and buy now!

New Dublin Village Townhome Walk to Campus

You won't want to miss this almost NEW Dublin Village Townhome unit. This one is right across the street from Notre Dame, St. Mary's College and Holy Cross College. You can walk to classes, work or the football games from this desireable location. Combine this great location with the maintenance free convenience of a condo/townhome and you have the perfect combination for faculty, staff, young professionals, students, graduates and alumni. This unit has all the upgrades you could hope for:

-hardwood floors
-ceramic tile in full baths
-water softener (2008)
-full-view glass storm door
-granite island counter top
-stainless steel appliances
-new "rain shower" showerheads
-ceiling fan in master
-bonus room on first floor
-gas fireplace
-security system
-view of pond

These owner's love their townhome but have a growing family and want to sell! Stop by our open houses on this property Saturday and Sunday 2-4pm May 9 & 10, 2009. For more pictures, a virtual tour or directios to the property visit:

http://www.goirishproperties.com/

or email Steve Smith @
steve@GoIrishProperties.com
574-360-2569 (cell)


131 Clancey St.
South Bend, IN 46637
1745 Sq. Ft.
3 Bed
2.5 Bath
2 Car Attached Garage
MLS# 236183

http://www.Obeo.com/532593

Notre Dame & St. Mary's College Student Leasing

The new construction boom in the notre dame real estate market in recent years as seen an explosion in modern student housing alternatives. Many parents of students and investors are purchasing notre dame condos and townhomes, letting their kids live their during school times and then renting or leasing them out and retaining them as long term cash flow investment property. There is strong demand from Notre Dame and St. Mary's College students for 2 bedroom, 3 bedroom, and 4 bedroom leasing options in complexes such as Irish Crossings Townhomes (pictured at the left), Stadium Village Townhomes, Wexford Place Townhomes, Ivy Quad, Dublin Village Townhomes, Keenan Court Townhomes, and Irish Row Apartments.

Lease rates vary from $500/bedroom up to $750/bedroom per month. Some units are fully furnished and others are partially furnished or unfurnished. Some units include some or all utilities while others do not. One thing is for sure, that students can't get enough of higher end furnished units, that are maintenance free as it relates to snow and lawn maintenance and are within walking distance to campus. The built in demand from students presents an attractive rental base for savvy real estate investors looking for strong cash flow properties. It is important to understand the market both as an investor or potentail renter as it is easy to make a wrong move in a rapidly changing market. Many students began leasing for the 2009-2010 school year over a year ago and many students are already house hunting for the 2010-2011 school year and availability is dwendling quickly.

For more information on currently available investment opportunities or to find out more about units available for lease please visit www.GoIrishProperties.com or call Steve Smith directly at 574-360-2569.

Notre Dame/St. Mary's Open Houses Parent's Weekend(s)

We will be hosting open houses the weekends of February 13-15 and 20-22 at Irish Crossings Townhomes, Dublin Village Townhomes, and Waterford Estates Lodge Condo Hotel. OPen House hours will be Friday 4-6pm, Saturday 12-4pm, and Sunday 12-4pm. As always we are available anytime by appointment. You can reach Steve Smith by mobile at 574-360-2569 to arrange a private tour. You can visit http://www.goirishproperties.com/ to see all of our available properties for sale or email steve@goirishproperties.com. We are also available to help you with your notre dame leasing or rental needs for 2009-2010 and 2010-2011 school year or special event weekends. You can count on the Steve Smith Team and Irish Realty for all of your notre dame real estate needs.