Hey Rick its sounds crazy but im trying to explore which options i have but let me a explain little bit more its a hot location of the house is three blocks away from the Capitol, Convention Center plus there are numerous developements happining around the area ARV is about 600k the rehab is well about 130k

Hello all, I am considering buying a house at auction and moving to the Birmingham area, is there anyone out there that could let me know if the 2500 block of 29th St in Ensley is a good area or not?

I haven't used it and I hear it can be a bit of a pain at times because there's an additional layer of red tape but they offer CC assistance of up to $15,000.

Sometime the block of wood for spacing falls down and has the shower spout and line leaning forward causing the constant drip from the wrong angle.

Ah, should have know but must have blocked that bad (slooow) memory.

When trying to obtain some form of home equity loan the bank will want the home to be 100% complete and safe from health and safety hazards, so there is the chance that you would hit a road block going this route.  

The Section 1250 depreciation recapture at 25% fed and 4.6% state are the worst, and of course, 15% (20% depending on AGI) on his $105K capital gain portion, on a cost basis of $83K.An installment sale would lessen the pain.

It can be reinstated but requires approval from the zoning and building depts and is a huge pain.

You have to be faster out of the blocks these days though!

In 2011 I tried to talk my wife into a home 1 block from the water (Largs Bay) but she didn't appreciate me living there for 6 months of rehab.Adelaide is a gem.