One investor I know who does flips has no interest unless he will clear in excess of $50K.

That means that for every DOLLAR that I've PAID, or LOST (either in interest, or excess of expense over income), I'm allowed to deduct TWENTY FIVE CENTS from my tax bill.In other words I'm buying quarters for a dollar apiece.

A: The lender has to pay the excess to the foreclosure trustee who then distributes it to the former owner if there are no other liens that have to be paid.Please clear my doubts.Thanks

Get it permitted and done right.Also, you're doing something that throws a lot of moisture into the air, vent it incorrectly and you could have a serious moisture and mold problem down the road.Get someone that really knows their stuff, this is NOT amateur hour.all cash

You need documentation supporting your claim that it's valued at a certain amount, and you have to prove that not one red cent is going to the previous homeowner.I thought short sales were usually negotiated with lenders when the loan balance was severely in excess of the FMV of the home.

One concern of carrying 2 policies on the same property is that most policies have "excess" clauses.

Your unit could incur much more damage in excess of any gain waiting to get more money.

Consequently, parks are extremely tax efficient and often allow for excess paper losses that real estate professionals can use to offset other taxable income.

@Paul Dalton I congratulate your parents for not giving up and walking away.A few thoughts the might spark conversation or ideas:1)  It sounds like a large part of their challenge is excess debt.  

I could afford to flip homes in baltimore or richmond but they're both in excess of 2hrs away...Does anyone have any recommendations for how to get my foot in the door?