Some states have adopted a rule which requires the adverse possessor to pay taxes each year on the land.

It is a good rule of thumb though)Take that and reduce it by the amount of your repairs and all of your acquisition costs and an error margin( I always use 10% of the cost of repairs for those little uh ohs).

It is extremly important that people read these rules prior to the purchase of a property governed by such rules.

A basic rule of thumb, but not applicable in all cases is that a loan from a broker may have slightly higher initial fees/closing costs, but brokers can often get you a better interest rate.

The 3 rules to successful flipping in any market. 1.

A simple rule of any kind of investing (let’s use the stock market for an example) says that a stock with a skyrocketing price is going to be popular and therefore should be bought.

True, it can depend on state laws, but as a general rule I always shoot for a promissory note that converts to cash at closing.

I would ask if that area you're looking in has any sort of law/rule such as that.

There is 4 vacant lots all together and my client is buying the second and fourth lot.

., husband and wife).After further research, I discovered that there are actually two (2) exceptions to this rule, which are as follows:1.