All Forum Posts by: Kofi Quaye

So are you saying that I would still be able to use the first time homebuyer provision if my money is in a 401K with my current employer?

Hello,

I have money in my 401K. I am leaving my job and I am considering using 10K of my retirement towards a home purchase using the first time homebuyer provision. Can I move my money to a traditional IRA or a Roth IRA to take advantage of this provision?

Would someone be able to help me estimate the tax implications of this decision?

Would the fact that I am leaving my job, that I have been at for three years, help me more than it would hurt me in the eyes of the mortgage company?

Hello, I am an aspiring wholesaler in Philadelphia. Does anyone have any recommendations for real estate attorneys who can look over some contracts I have?

@Paulette Midgette thank you. This was very helpful.

Hello, thanks this was very helpful

Ok thanks. I am researching a property at 2538 Cecil B Moore Ave Philadelphia, PA 19121. The Market Value is $27,700. Is this the number I should use for annual Property Taxes? It seems a bit high to me.

Hello, I am trying to analyze some rental properties in my area. I am trying to figure out the annual Property Taxes for certain properties. I went to http://property.phila.gov/

This website shows the Market Value, Taxable Land, and Taxable improvement. Can someone explain what these numbers mean and which number I should use for my rental property analysis if any?

The numbers on the tax assessors page are different from the number on realtor.com. Which number should I use for my analysis?

Hello,

I have been researching tax liens and I am interested in them as a way to start investing in real estate. Through my research I have found out that the way to minimize your risk is to do your due dilligence. It seems like the worst thing that could happen when investing in Liens is that you invest in a Lien for a property that is worthless. I want to invest in Tax Liens in the best areas in NJ to minimize my risk. I am thinking Somerset, Monmouth, Ocean and Atlantic counties to start with. The reason I chose these counties is because they are a little further away from NYC or Philadelphia, where I assume there will be more competition. Does anyone know if any towns in these counties have over the counter Tax Lien inventory?