The 2019 Disaster Preparedness Sales Tax Holiday was passed by the Florida Legislature

The 2019 Disaster Preparedness Sales Tax Holiday was passed by the Florida Legislature and signed into law by Governor Ron DeSantis. During this sales tax holiday period (May 31 – June 6), qualifying items related to disaster preparedness are exempt from sales tax! Here’s a list of qualifying items from http://floridarevenue.com/disasterprep

 

 

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New Florida Gators Coach Dan Mullen Selling Starkville Mansion

Dan Mullen is headed back to Florida as the new University of Florida Gators head football coach, and he’s placed his Starkville, MS, home on the market for $1,350,000.

Mullen had served as head coach for Mississippi State for nine seasons before making his way back to Gainesville, and now the new Gators boss has no need for a luxury home in the middle of Mississippi.

Custom-built in 2008, the 9,400-square-foot house has five bedrooms, five baths, and three half-baths. The layout includes a grand entry, formal living room, dining room, and chef’s kitchen with pantry, island, and breakfast area—all with views of the backyard.

There are two living areas, each with a fireplace and high ceiling; front and rear staircases; and an elevator. All the bedrooms are en suite.

The home comes with some great hangout areas, including a game room, media room, gym, and second kitchen. Outdoors there’s a lounge area and a pool. Jay Murphy holds the listing.

The 45-year-old Mullen leaves Mississippi State as the second-winningest coach in the history of the program, which he led from 2009-17. His wife, Megan Mullen, is a sports journalist who has covered the NFL and college football. Mullen served as offensive coordinator for the Gators from 2005-08.

“Megan and I are very excited to get back to Gainesville and the University of Florida,” Mullen said in a statement to USA Today. “I have such great memories of the championships we won during our time here and have a love for Florida. We are happy to be coming back to such a supportive administration, staff, student body and fan base, which is the premier football program in the country.”

4 Reasons to Buy Your First Home in Your 30s

There was a time in my life when I thought I’d never own a home. As someone who had preferred life in big cities and prioritized travel above homeownership, the idea of settling somewhere permanently never really appealed to me.

Then I got married, then I got pregnant, and suddenly the idea of living in an actual home to call my own (with a little more space, to boot) became very appealing. By the time my husband and I closed on our first-ever home, I was 32 years old, and I’m so glad I waited until then to buy. Here’s why.

1. I had saved enough for a 20% down payment

My husband and I were married almost three years before we bought our first house, which gave us plenty of time to start putting cash aside in a separate savings account—specifically for a down payment. That meant that we were able to put down 20% of our home’s overall value (the recommended amount), putting us in a good position for a low-interest mortgage loan.

You may not be able to sock away that much in cash by the time you’re ready to buy, but at least when you’re solidly in your 30s, you’re likely making much more than you were in your mid-20s. So you should be able to put down more than you could when you were younger. It should also be easier to refill your savings after spending that money.

2. I knew where I wanted to settle down

Places I’ve called home include New York, New Jersey, Pennsylvania, Virginia, Florida, and Colorado, along with a few others. In other words, I had been around the block enough to know what I was looking for in a long-term home and a place to raise my family. As it turned out, Colorado was that place, and so far, it’s all I could have wanted and more.

3. I was secure enough in my career to make big financial moves

Because I’ve been freelancing successfully for the past few years, I’ve built up enough of a steady client base to feel financially safe as I took the plunge into homeownership. Buying a house is a lot more than forking over a down payment and paying a mortgage—utilities, homeowners association fees and insurance, and general maintenance and upkeep all add more weight on the monthly budget. By waiting until we were more settled in our careers, though, my husband and I felt more prepared for whatever our new house might throw our way.
4. I could afford a house that didn’t need much work

While I can certainly tackle the occasional DIY project, I’m never going to be someone who wants to place hardwood or redo a bathroom. As such, waiting until I was in my 30s to buy my first house meant that I had the money to buy a home that didn’t need a lot of work. It was essentially move-in ready, which was exactly what I was looking for.

When’s the right time to buy a home?

Buying a home before you’re in your 30s certainly isn’t a bad thing, as long as you’re financially prepared to put down a sizeable down payment and to pay for the added expense that comes with it. For me, though, waiting just a couple more years until I was in my 30s proved to be invaluable, since I now feel as prepared as possible for whatever new financial responsibilities head my way.
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Also, no matter how old you are, make sure you’ve had a chance to build your credit before you buy. Credit plays a big role in buying a home, so make sure yours is as good as possible before you start shopping for a loan and check it frequently.

This article was written by Cheryl Lock and originally published on Credit.com.

Beyoncè, Jay-Z take out $52 million mortgage from Goldman Sachs

Billion-dollar couple Beyoncé and Jay-Z just bought a home in Los Angeles, and took out a mortgage of $52.8 million from Goldman Sachs to do so.

The couple put in a down payment of 40% for this $88 million mansion, the sixth most expensive home purchase in the city’s history, according to an article by Tanza Loudenback for Business Insider.

The home is 30,000 square feet and sits on a two-acre hillside estate in Bel Air. It contains four outdoor pools, a spa and wellness center, a full-sized basketball court and a 15-car garage. Check out the picture below of the outside of the mansion.

Click to Enlarge

Beyonce House

(Source: LA Times)

Beyoncé and Jay-Z hold the Forbes title of the highest paid celebrity couple in the world, and hold a combined fortune of $1.16 billion, yet they didn’t pay cash for the new home, the Business Insider article pointed out. The monthly payment on their loan totals $149,600 – that’s higher than the median home price in some cities.

From the article:

Keeping their mounds of cash liquid could be a smart business decision. For starters, it helps to maintain their lavish lifestyle. But it could also allow them to continue investing heavily in tech companies, presumably earning returns greater than the amount of interest they’ll pay, considering mortgage rates are still historically low in the US.

“Depending on how their portfolio looks — what they’ve invested in — I think there could be a huge benefit [to Beyoncé and Jay-Z]. It gives them flexibility, and they could pay the mortgage off anytime,” Robert Cohan, a managing director at Carlyle Financial in Los Angeles, told Business Insider