Authored By: Jo Soss : WestSoundLive.com
If you are in the United States Military and receive BAH (Basic Allowance for Housing) it is. This is a huge financial opportunity that not many Military members take advantage of for fear of the real estate market and the lack of education concerning real estate ownership.
The average homeowner receives tax breaks associated with home ownership. The yearly property taxes and yearly interest payments are tax deductible on their yearly tax return.
The average Military homeowner receives tax breaks associated with home ownership. The yearly property taxes and yearly interest payments are tax deductible on their yearly tax return, also. However, the Military member receives all of these tax breaks with tax free money since the basic housing allowance (BAH) is tax free. Wow! What an incentive to purchase a home while serving in the Military.
With tax season here and Military W-2' being released (See MyPay release Schedule here) you should really 
take a hard look at your future financial picture. Are you taking advantage of all your Military benefits? Are you paying more taxes at the end of the year because you have no "tax shelter", no way of filing the "long form"? Are you just coasting by blinded because you think it is too risky to purchase property while serving in the Military? If you need tax advice please seek a professional tax advisor.
If you can answer yes to several of these questions you really need to look deeper into the process of Military homeownership.
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Have you been saving for a home?
- Is your credit profile in good shape?
- Is the tour of duty longer than 2 years?
- Can you anticipate coming back to the area?
- Could you be a landlord if you needed?
- Can you budget two housing payments in the future?
Take a look at: New 2009 BAH Rates Released | Naval Base Kitsap | Bremerton | Bangor | PSNS | Naval Hospital Bremerton and see the possibilities.
Currently in the West Sound area there are many homes that are still in a very affordable price range. See for yourself here. Search Naval Base Kitsap Homes for sale Now.
Check here for my Military Buyer Rebate Information. Yes, I do offer a "Military Discount" all you have to do is ask.
Other links for your interest:
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- Naval Base Kitsap | Online Relocation Package | Week One - Take Charge | Know Your PCS
- Naval Base Kitsap | Turn your BAH into Home Ownership – Stop Renting
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About the Author...
Jo began her real estate career back in 1994 and soon found out that she loved selling real estate and that she was really good at it! Lots of people sell real estate, but not everyone is good at it. Jo brings to her clients the commitment to work hard and have fun along the way. As Jo continues to learn the technology of today to be on the cutting edge of multimedia she takes pride in her ability to keep her trademark "old-fashioned" customer service alive. If you are looking to sell or purchase a home in Kitsap County call her office today. You can also find out more about the area by visiting her blog www.WestSoundLive.com or her web sites www.HomeFrontRealtyOnline.com
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