Is Cameron County the Right Choice for My Children?

As parents, we want the best for our children. We strive to give them the best life possible so that they can achieve any goal that they set their minds to.

This means more than just spoiling them with the occasional candy splurge or a new toy – we want to set them up so that they have opportunities to grow their confidence, expand their mindset, and develop their social skills so they can live fulfilling lives.

With that being said, it can’t be denied that investing in property will benefit your family and children. Studies indicate that owning property can positively affect child outcomes compared to families that rent or lease.

These benefits reflect a positive impact on education outcomes (such as high school completion and college attendance), as well as the potential to reduce the likelihood of teenage parenthood, and improved chances of participation in the workforce.

For more than 20 years, SRC Land has been helping families establish the foundation for their children’s success by making land ownership attainable.

If you’re ready to invest in land to build a future for your family, Cameron County is a fantastic place to start.

Let’s go over some of the benefits that Cameron County has for families and their children.

Child Care Options in Cameron County

If you’re a parent to young children, there’s a chance you will need some assistance caring for your children while you’re at work.

Not every family is fortunate enough to have relatives nearby who can help look after kids while they work, but fortunately, child care options in Cameron County are abundant, with over 200 active child care providers available in the area.

Additionally, there are currently a few support options available for parents to attain payment assistance for child care services in Texas.

One option worth mentioning is Service Industry Recovery Child Care, which provides qualifying parents with up to 12 months of free child care if they are currently employed or entering employment in the following industries:

  • Arts, Entertainment, and Recreation
    • Examples include (but aren’t limited to) jobs at movie theaters, gyms, bowling centers.
  • Accommodation and Food Services
    • Examples include (but aren’t limited to) jobs at restaurants, hotels, caterers, and bars.
  • Retail Trade
    • Examples include (but aren’t limited to) jobs at clothing, convenience, and grocery stores.

Schools in Cameron County

Education is the key to opportunity, and in Cameron County, you can rest assured that your child will have access to quality education.

For the 2021 school year, 175 public schools served more than 100,000 students in the county. Currently, the area features one of the highest concentrations of top-ranked public schools in the Lone Star State.

According to Public School Review, these schools have an average ranking of 8 out of 10, putting Cameron County in the top 30 percent of Texas public schools.

In Texas, the usual math proficiency score is 51 percent, but Cameron County schools boast an above-average math proficiency score of 54 percent. – via @SRCLand

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Recreational Fun for Kids in Cameron County

In this day and age, kids can spend hours on end on devices like tablets, gaming consoles, and smartphones. Most parents make attempts to limit screen time by providing alternative activities for kids to focus on.

In Cameron County, kids have a variety of outdoor activities to enjoy – certainly more than enough to make them want to ditch the electronic devices and spend time basking in the sun.

Whereas the rest of the United States sees an average of 205 sunny days, Cameron County residents enjoy approximately 227 sunny days each year.

This gives families the opportunity to make frequent trips to places like South Padre Island, where kids can have fun playing at the beach, enjoy waterparks, meet with sea turtles, and even visit alligators!

Owing Property in Cameron County is a Great Investment for Your Family

Investing in land is a smart choice if you’re planning on starting a family or even if you already have kids.

With plenty of land options available in cities such as Brownsville, Harlingen, La Feria, San Benito, and Los Fresnos, SRC Land has the experience and insight to help you find the perfect Cameron County property for your needs.

Paired with our low prices and interest rates, our seller-financing options are the perfect solution for interested buyers with no or bad credit. Contact us today to take the first step towards becoming a landowner in Cameron County!

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Interested in Moving to Harlingen? Here’s What You Need to Know

Moving anywhere can be a challenge, but it doesn’t have to be. With the right kind of information and proper direction, moving to a place like Harlingen is a breeze if you get to know it before hitting the road.

SRC Land has been in land development for over 20 years, and throughout our time doing business in Harlingen by providing seller-financing options to individuals looking to start living the American dream, we’ve learned much about what makes this South Texas jewel special.

Harlingen has a Rich History

Lon C. Hill had a grand vision for the Rio Grande area to become a commercial waterway, and thus founded the City of Harlingen in 1904. He would ultimately name this new area of opportunity “Harlingen” after a picturesque town in the Netherlands.

Very shortly after the city was founded, Harlingen earned its first post office, and a year after the city was founded, it built its first school that taught a total of 15 students. Mr. Hill had so much confidence in this growing city that he built his residence here, the first residential property built in Harlingen’s history. A restored version of his house can be seen at the Rio Grande Valley Museum including more artifacts and documents about the area’s history.

World War II happened and many military installations were built in Harlingen, increasing the local population to around 23,000 people by 1950. When these places were abandoned, entrepreneurs seized the opportunity to build a strong economy in their place.

Now, the growing city is bustling with a variety of entertainment and restaurants, pieces of South Texas history, and tradition and culture as big as the Lone Star State.

Harlingen has Plenty of Advantages

With a population of 70,000 and growing, Harlingen welcomes the modern luxuries of life with a mix of traditional treasures typically found in South Texas.

One of the many advantages of living in the area is that the cost of living in the state, especially in the tropical Rio Grande Valley, is relatively low. Your American dream can very well become a reality once you establish your roots in the area.

Another advantage of life in the Rio Grande Valley, or the “The Valley” as locals call it, is that despite its growing population, family and southern hospitality are still the most important facets of life in the area. Neighbors become family, and you will never meet a stranger.

Harlingen has a Recognized Education System

The education system in Harlingen is nothing short of abundant with 17 elementary schools, 6 middle schools, and 7 high schools within the Harlingen Consolidated Independent School District.

Football, baseball, basketball, volleyball, and even a swim team make up the extracurricular activities that will keep you and your family cheering from the stands as you watch your loved one have fun on the court or the field.

Do you have a family member about to graduate high school? Their journey can begin at Texas State Technical College, which offers a variety of technical college programs and introductory courses sure to get anybody well on their way to their higher education degree.

Harlingen is a Friend of Outdoor Enthusiasts

There are also a variety of parks and greenspaces across the city with playgrounds, monuments, and waterfronts to sit next to and take in the warm temperature that calls the tip of Texas home for most of the year. The Harlingen Thicket and its long trail will give you an up close and personal experience with brush native to this part of the state, and the Arroyo Park boasts a trail of its own with gorgeous scenery as the sun sets.

Feeling a little more adventurous? You can take a short drive down to the coast and rent a kayak or go parasailing in beautiful South Padre Island, a nationally renowned hotspot for Spring Break, home to the iconic Queen Isabella Causeway, and the brightest fireworks displays you will ever see during the summertime.

Harlingen has a Growing Nightlife

Do you enjoy a robust nightlife? The beauty about living in Harlingen is that you are never too far away from it. From culinary delights you would see in metropolitan areas to delicious beverages and bedazzling entertainment venues, there is always something to do in Harlingen.

If you’re looking for indoor entertainment, you can head to the movie theater to catch the latest Hollywood blockbuster, or even find yourself entertained by the liveliness that historic downtown has to offer. A mix of classic sandwich shops and brand-new restaurants with an atmosphere for those with a more refined palette are also available via the selections at Sir’s Martini Lounge or Jackson Street Cork N Craft.

Make Your Move to Harlingen Today!

The City of Harlingen is one of the Rio Grande Valley’s most cherished towns, and with its rich history and uniquely abundant list of things to do, it is easy to see why.

If you’re interested in calling Harlingen home, contact us today to get started!

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How Investing in Land Can Benefit Your Taxes

Making the decision to purchase land offers lifetime benefits. The more time you have owning the property, the more your land will appreciate.
But that’s not the only benefit you’ll get out of this worthwhile investment!
As a landowner, you may be eligible for certain tax deductions depending on the property and the purpose it serves, and the land developers at SRC Land want to discuss this a little more in depth for your benefit.

But before we dive in, if you are new to buying land in Harlingen–whether it be for commercial or residential purposes–don’t forget to check out our other blogs that demystify the initial process.

Land Investors Get Deductions

As someone who invests in land, you are considered someone with hopes that it will ring in appreciation and raise in value. Whether you decide to buy raw land or property that you intend on renting out for income, deductions should be available.

  1. Interest Deduction
    The same process someone would follow to acquire a loan to finance a home applies to investors who might need to borrow money to buy their land. Interest will add up based on how many years you own and pay for the property.
    You can be eligible for deductions on interest when choosing to file taxes as an itemized personal deduction. A yearly deduction or “net investment income” is limited to the difference between the annual cost of property tax costs and investment expenses (not including interest expenses).
    If you own the investment land by yourself, you may also wish to get back interest deductions on IRS Schedule E.
  2. Property Tax Deduction
    Those who have invested in property with the intent of building a home but have not yet done so may not be able to claim interest and property taxes unless they have a loan ready for the process of preconstruction.
    Vacant land owners should ensure that their loan is secured before filing their taxes to offer some security being placed into their future potential home. If the loan for home building is voided, then vacant landowners may not request property taxes.
    It is in your best interest to have tax deductions for “raw land” filed as a personal itemized deduction under Schedule A for those that have a loan prepared.
  3. Rental Property Deductions
    Property owners may take deductions if they happen to rent out the property by filing under IRS Schedule E along with their corporate tax return.
    Depreciation deductions can be sought out if you rent your investment property for buildings like apartment-style homes or even commercial businesses. These kinds of deductions are applicable for whatever is affected by the renter.
    These deductions may also apply for property improvements which are being prepared for commercial usage, including developing streets on the land for businesses to use.

Capital Gains and Reduced Tax Rates

Capital gains are the profits that investors make when selling their property, whether it be residential, commercial, or industrial property. Capital gains provide a reduced tax rate contrasted with average income tax.

There are primarily two ways this is taxed:

  • Short-term: These gains on property are held in less than a year. There are no special tax benefits that come from short-term gains since it can fall 10% to 37% depending on your income.
  • Long-term: These gains come from property that was upheld for more than a year. This is mostly relative to rental properties and guarantees a significantly lower tax rate when compared to short-term gains.

As an investor, you want to make sure you have leverage on long-term capital gains. Not only will you have a decreased tax rate, but you can also take advantage of deductions acquired over the property-ownership period to reduce the taxable estimate.

How Deductions are Different for Real Estate Dealers

Individuals who are investing in land for the purpose of re-selling at a higher rate are also able to apply for deductions. They would be able to access the same deductions that an investor would be, such as interest and taxes deductions. As a sole proprietor, you would file under IRS Schedule C. The only thing you wouldn’t be eligible for is depreciation bills.

Investing in Land Is a Worthwhile Investment With SRC Land

Even though you will be expected to pay off taxes when you buy land, it is a worthwhile investment due to the simple fact that land can increase in value as time progresses, or you can even make an influx of income while renting it out.
If you have an interest in investing in a property, remember that all forms of land purchasers can apply to some degree of deduction on tax and interest.
Find the right investment for you when you call SRC Land for more information on our reasonably priced properties for sale in Harlingen.

Find the right investment for you when you call SRC Land for more information on our reasonably priced properties for sale in Harlingen.

Contact SRC Land Now

Everything You Need to Know About Seller Financing

Financing real estate transactions follow a standard practice that involves factors such as meeting income requirements, employment verification, and assessing a prospective buyer’s credit score to determine eligibility for a mortgage from a bank or other financial lender. 

But what happens when a buyer isn’t able to satisfy the requirements needed to secure a traditional mortgage loan, yet still wishes to move forward with a real estate transaction? In these instances, seller financing is a great opportunity for a buyer to continue on a path towards homeownership while avoiding the restrictions of bank lending, and it is a service that SRC Land takes pride in offering to aspiring landowners.

Understanding Seller Financing

To put in the simplest terms, seller financing is the opportunity for someone selling a home or property to finance the purchase for a buyer rather than requiring a prospective buyer to seek a bank’s assistance in securing a mortgage loan. 

Seller financing grants the buyer a chance to purchase property quickly and at a lesser rate than that of a traditional and/or conventional transaction. 

Important Aspects of Seller Financed Real Estate

A seller-financed property will likely run for a shorter period than what would be expected as part of a conventional mortgage. It’s important for a buyer to inform themselves on the terms of the financing agreement to ensure a desired and favorable timeline for repayment. 

Both a seller and a buyer should hire a professional to prepare the contract and promissory note as well as discuss any matters that require further explanation or clarification. 

 Why Seller Financing is a Wise Move

Sometimes a mortgage isn’t easy to secure, and purchasing property under seller finance terms is a fantastic alternative in cases where there isn’t a clear path to move forward via a bank or financial institution. Accessing alternative forms of credit is an advantage for prospective buyers, and when a seller is financing a sale, oftentimes a property may command a higher sale price.

Aside from a quicker and less expensive way to buy a home, seller financing offers buyers the chance to save money on fees generally associated with traditional lending. In transactions involving only two parties, it’s appealing to be able to avoid many of the costs associated with conventional real estate transactions. 

Seller financing guarantees better terms than what a bank or financial institution would provide through their traditional lending options. A seller-financed deal may give a buyer more flexible terms, and access to more ideal financial options for their specific needs. 

Quick Guide To Common Types of Seller Financing

  • All-Inclusive Mortgage: Also known as an all-inclusive trust deed (AITD), this option offers the seller the option to carry the promissory note and mortgage on the entire balance of the home price deducting the down payment. 
  • Junior Mortgage: If there’s reluctance from a lender to finance more than 80% of a home’s values, sellers may extend credit to the buyer to make up the difference. The seller carries a second, or “junior” mortgage for the balance of the purchase price, deducting the down payment. 
  • Land Contract: Land contracts don’t involve passing the title to the buyer. Rather, the buyer is afforded an “equitable title,” or temporary shared ownership. A buyer will make payments to a seller, and once the final payment is received, the buyer receives the deed. 
  • Lease Option: This option allows a seller to lease a property to a buyer for a contracted term, much like ordinary rental property. However, a lease option lets a seller agree to sell the property to a buyer within an agreed-upon time frame and in return for an upfront fee. Varying terms under a lease option can be agreed upon between a buyer and seller, offering a flexible alternative to the traditional lending process. 
  • Assumable Mortgage: An assumable mortgage offers a buyer to take a seller’s place on the existing mortgage. In these scenarios, a buyer may assume a Federal Housing Administration (FHA) and Veteran Affairs (VA) loan, along with a conventional adjustable mortgage rate (ARM) with the bank’s approval. 

SRC Land works with customers to make the dream of owning land a reality. For over 20 years, we’ve offered seller financing options that work to put our customers on a clear path to a prosperous future by providing low down payments and affordable monthly payments regardless of bad or no credit. 

Let SRC Land offer you the best in seller financing options and an easier way towards realizing your dream of owning your own property.

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