if you buy property and do the work yourself you risk losing $$$ because you don't have the speed you need to turn the house.

Just want to let people who may not be up to speed on Foreclosure Tax Sales.In my opinion, this type of investment is NOT for a novice investor!

i was depending on this money from pinnacles when i lost my job. i invested $85K and never took out my returns. my total investment was $177k. my one acct was closed in 10/10, the other two accts in 11/13/06. i believe i would have gotten my money and i would not been placed on this position if it was not for government regulatories. if they still have a caring heart hope they speed up the process and pay us back on time. because we got use to get paid on time so we can pay our bills and not losing our homes that we worked hard for.

I didn't even have a desktop until '96 and still don't have a laptop, or wireless internet, or high speed internet either.At the end of the year I make a new folder for each property.

I'm beginning to think that if I can just go in and offer all cash I could possibly negotiate a lower asking price due to speed of close.

Income taxes due from depreciation recapture can not be deferred into the following income tax year and are due in the taxable year in which the Investor disposed of (sold) his relinquished property.It will depend on whether the Tax-Deferred Exchange Agreement used by the Qualified Intermediary for the Investor’s tax-deferred like-kind exchange transaction includes the required language contained in Section 1.1031 of the Department of the Treasury Regulations prohibiting access to the 1031 exchange funds until the following income tax year.The ability to defer the recognition and reporting of the taxable gain into the following income tax year depends on when the Investor has the right to obtain access to or receive the benefit from his 1031 exchange funds.For example, if an Investor disposes of his relinquished property as part of a 1031 exchange and the relinquished property disposition closes on December 1 of any taxable year, the 45 calendar day identification deadline and the 180 calendar day exchange period are both in the following income tax year.

Speed and time is everything in flipping homes.

They certainly do deserve the recognition for their contributions!

What type of download speed are you getting?

At 4pm PST today, February 28, 2007, we'll be offline for a few minutes while we run a server upgrade.This upgrade will help speed things up on the site drastically and will be our 3rd major server upgrade in the past year.