Let's say a property is listed for $1,000,000 would it be out of line to offer $800,000?

If I rent a condo for say, a week for $1,000 with a rental agent fee of 30% do I report for taxes $1,000 income and $300 expense?

I have heard that if you buy say a condo or townhouse as soon as the trailer is in the lot, you can make a lot of money when you go to sell it.

I'm sorry that the site is as you say a "scam".

A friend and I, have finally began to invest in Real Estate and where we live, is a I guess you could say a neighborhood(complex) where there are nice sized single family homes.

okay for your first investment - land is probably not the most ideal investment - because it doesn't put any cash in your pocket and there are really no tax benefits other than writing off the taxes.basically cash will flowing OUT OF YOUR POCKET rather than OUT AND BACK IN TO YOUR POCKET - possibly like a rental unit.if you were to start a business - say a pizza shop - now you're just starting out...would you invest in a pizza shop that doesn't make any money and only costs you money to spend on it????

Car- I would say as long as it is a car you oculd take a potential client in, it is okay.

Let's say a home is going up for Trustee sale the bid is 800k but it is worth 1.3mil.

Of course when we retired in our early 50s and our friends kept working they didn't say a thing.

I would like to hear what they have to say, as I personally would not dare to venture into a rehab project with less than $125 per square foot for whatever venture I chose.I do feel strongly about the fact that entering into a market (such as downtown rehab projects) gives a realistic local investor a competitive advantage if they enter early.