All Forum Posts by: Stanley Crawford

https://www.erentpayment.com/

Bill Walston
Schedule C is correct of course but the original question was about H & R Blocks software. When you fill out the Sold a Home section the program will ask questions to determine if it is investment property or not and if it is a short or long term gain.

Be careful you may not have a choice at this point if you won an auction

The software has a Sold a Home section fill that out.

Yes read the terms for that auction. As long as it is not an occupied property you should get an insurable title. PM me if I can help.

After you back out keep watching the property it my very well go to auction and you will be able to get a really big discount.

How old is the appraisal? Who did the appraisal? Clearly the owner thanks it is appraised to high!! Just some quick thoughts.

Every market is different but I will say that I bought a lot in NC that is appraised at $250,000 for approx $3000. Sounds great right well not really. I would be lucky to sell it for $4000 right now. And I have to pay tax every year based on $250,000. The values from 2006 do mean anything in some markets.

I would say it depends on the terms of the auction. Some auctions guarantee an insurable title others promise absolutely nothing.

Just don't select either option. Just forward you GV number to you phone . Dont accept any of the special Sprint only options. I did what you want to do for over a year with a sprint phone. But I moved to Verizon about a year ago so something could have changed since then.

I agree consider at least some flipping. Everytime I have a property come empty I consider selling it. "fixing up the houses better than my competition" WHY would you do that?