As far as modified, I have to be honest - I've never settled a claim that had a modified policy.

Many consumers are trying to get into REOs but the banks won't finance these as is properties for the regular consumers in some instances.

With an S election that allows you to claim some income as salary and the balance as distributions, on which you pay no Self Employment tax saving 15.3%If your tax adviser is not knowledgeable with these choices find one who is.

As moderators we try to answer in a way to point the newbie to the posts that already covered the topic previously.We encourage you to go through the forums that appeal to you on a regular basis.We will keep the vigil and do our best.

I know of another realtor who runs a wholesaling business and blatantly lies in his online marketing, claiming his business has no affiliation with any realtor.

The more this is, the stronger the tenant buyer's claim they have an equitable interest in the property.You also want a separate security deposit that's part of the lease.

You should do your own research or a title search to find out what you're actually buying.Sounds essentially the same as a quit claim.

If you have a valid contract and he sells it to someone else you would, most likely, have a legal claim against him.

If the insurance is not escrowed with payments, just cancel the old, and get a new, as described above.As long as the asset/colllateral for the mortgage is insured, the lender is protected, they don't care what company you use, or who holds the title, especially if its in a trust.As long as the house is insured, payments are current, you'll have no issues.Sadly, many people THINK changing insurance causes issues with the lender and the title change.However, after YEARS of subject to investing myself, as well as thousands of discussions about this method, I have yet to have a single person back up that claim with proof.Besides, bottom line, at the moment, lenders have other issues more pressing than messing with a PERFORMING account/loan.When you get new insurance, make sure its fire and hazard, and includes liability, rental dwelling/non-owner occupied.

If nothing is built there, you and any other investors, will end up with a claim on an incomplete property that's worth well less than the sum of your investments, and would require either being sold at a fire sale price or more money to complete.If it does get finished, what do you end up with?