Talk about relief.

First, sellers who are just trying to get rid of their payment and need debt relief.

I really love reading the success stories and other great questions in the forums here, I just am longing for the day when I can finally breath a sigh of relief after my first property starts rolling in some cash.Thanks so much!

I'm already feeling the relief of having things organized and centrally located. 

I would start looking for one that is doing a large cost seg study that will provide a lot of tax relief. 

This can have massive effect on cash flow, let's say:Total Income:                                $900Expenses (not inc. mortgage):     $451.43Taxable Income:                      $45020% Tax:                                 $90(There is a tax relief on mortgage interest of up to 75%, for simplicity I did not factor this in)Total Expenses:                       $687Monthly Cashflow:                   $212- $90  = $122Annual Cash Flow:                   $1,464Total Cash Flow after 10Years $14,640       (nearly $11,000 difference) Profit on sale (not inc. tax) $16,370Total Profit:           $31,010 after 10 yearsThe same amount of money in a stock that pays a 5.6% (tax-free) dividend compounded would be worth $58,630 (not accounting for appreciation) Profit: $24,630 Buying, renovating and selling a house seems like a lot of extra work for $638 a year. 

Because instead of your rent money going off into the wind, it’ll be going toward adding a property to your portfolio, giving you a place to stay, and it may add some additional relief knowing that somebody else will be paying rent that will contribute to your mortgage .

@Mike Smith,#1 depends on your tax situation#2 will never get you full tax relief. 

I am often have that same dilemma, what a relief....one stop shopping!

Hello,

I'm ne w to the forum. Does anybody know of companies in the N. East or S. East that specialize in foreclosure management?

Thanks