That 8K credit is on this years return and must be repaid over the next XXX number of returns by increasing the taxable income by XXX amount each year.Just for the sake of numbers, lets say you are at the 15% tax rate and you take advantage of the 8k.

I would do exactly what Lonnie reccomends in his bood and just offer the home " For Sale by Owner Will Finance- Low Down / Low Monthly" Only $13,995 Then a small description like: nice 3 br. in safe community Call XXX-XXXX and word you advertisement exactly like this.

Call xxx-xxx-xxxx for your cash offer today.

You can try putting a few hand-made signs out that say "handyman special $xx,xxx cash" with your phone number.

I don't want to waste time finding this person, only to find out that they won't sell this property for this price.The property is owned by AIMCO, the property management company.From the info I gathered, AIMCO purchased this property in 2007 for $37,XXX,XXX.They will be taking a BIG HIT on this....so I don't know that they'll sell it for $23-24 million.However, based on these numbers....can they realistically expect ANYTHING except a SIGNIFICANT loss?

We bought it for $13X,XXX eight years ago and a foreclosure just sold two weeks ago across the street for $88,000.

Total out: about $8,500 to assume a $41,xxx mortgage with payments of about $680 on a house easily worth $60-$65k in the current market.

Ok heres what i've decided to do unless otherwise advised on my $2000.00Buy 100 Bandit signs per week @ $1.05 a piece 24X18 and cut them down the middle giving me 200 signs, saying:I Buy Houses 713-xxx-1234CASH 4 YOUR HOUSE 713-XXX-1234I BUY INVESTMENT HOUSES 713-XXX-1234I want this to be my niche, to learn the game of bandit signs.

You can have branded email (ie. gmail can actually take care of my XXX@XXX.com address so it doesn't go thru the server at XXX.com ) and from what I understand, people do suffer MUCH less downtime using google in this manner, than their own server.

Just wanted to get some feedback from anyone who is drawing Short Sale or Forclosure leads to see what's working for them.I'm thinking of something to the effect of:Avoid ForclosureDebt Reliefxxx-xxx-xxxxBehind on Payments?