A party of interest in the property that was sold at tax sale may assign his or her right to claim excess proceeds only be a dated, written instrument that explicitly states that the right to claim to claim excess proceeds is being assigned, and only after each party to the proposed assignment has disclosed to each other party all facts relating to the value of the right that is being assigned.

I think you've always got to keep SOME liquidity on hand, and the amount you should keep on hand is usually a factor of the age of the property, it's cash flow, and how expensive (or inexpensive) the thing is to own in the first place.When I start getting excess liquidity, that's usually my sign that it's time to take a chunk of that cash and put it into another income producing property.

You will be more productive and land way more deals as long as you are driven.End goal to have at least 20 rental properties fully paid for that are cash flowing excess of 4000-8000 a year each.

Mold and mildew in closets are common problems at the coast because of moisture and stagnant air, but building damage from water penetration is just as common.

Steven Hamilton II That formula will bring me close to 0 or negative ARV is 25k - 30k repair is excess of 25k retail without sweat equity which I can not do in IRA to make it worthwhile which is why i am looking to distribute property. does that make sense to you?

Duties as a property manager seem straight forawrd, flipping to a current market value with few improvement expenses is probably harder to identify and pulling in an excessive profit for the benefit of Officers or Directors could lead to problems, especially if the 501 tax benefit is pulled.

The costs I would tell you would be on the excess of $50k and could be $175k depending on what you want to get done.If this is starting to sound more in depth than what you expected.

i have one of those flex lines that is normally used for the dryer that's used for the bath exhaust fan. and sure enough, once a year (winter) it gets clogged with water since there is a dip in the pipe.if they go straight up or have no kinks, they are ok to be used for bath air (that has moisture). but with kinks, it builds up. so i just changed it to solid alum pipe (2 ft sections sold at HD) and will never have a problem again.so, depends on what you have. you might have AC unit in there and that's why it's dripping.

Your gross rent would be upwards of $2000 per month and your net income would be in excess of $1000 per month, perhaps somewhat more early on before maintenance catches up (initial investment assumes a good rehab.).You would have the cash to pay back the loan if you wanted to rather quickly or you could re invest in similar properties as you accumulated more capital.I am basing my expectations on the 2% 50% guide found on BP and have been exceeding these numbers at least in the short run.these properties are in C areas which I define as lower income working class areas.

If you stick to your plan and are debt free at 38, you will have plenty of excess cash to pour into RE at that time assuming your employment situation remains stable.