Here is a possible money saving idea for second home owners on Hilton Head.  As an owner of investment rental property, check out a cost segregation study for your home or villa.  You may find tax savings by recognizing assets that are typically buried into a building’s construction or acquisition cost.   There is really no minimum value a property and given the finishes in many of the homes and villas on Hilton Head, this study may be worth looking into.  Visit their website or contact John Miller at (706)672-2760 or email John for more information.

The other day one of our clients that buys and sells Hilton Head real estate on a regular basis sent us this article on high end mortgages(Click Here).  We asked around for some ideas as to what this could mean and found out the following:  Alt-A are wall street securities allow for high quality borrowers to qualify outside of the fannie mae guidelines. So loans higher than $417k can be made to borrowers who have assets but little tax return income, etc etc etc.  This may mean that the street will soon be back into the market, which would mean the return of alt-A mortgage products. Which would be interesting. Or it could mean more traders have found a way to heavily profit from mortgages for a third time , with no added value ( of course ).

For more information, or discussion, please contact me.  Thank you.

Have you ever heard the Hilton Head Tree story? If you have never been to the Island or never heard the story it goes something like this: On Hilton Head Island we have protected our trees way before development really cranked up. Our century old live oaks, palmettos, magnolias, pines and all the other trees are considered one of the town’s most valuable assets.  Hilton Head Island put in place a plan, after all, they are our breathing buddies!

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