As an LLC is a tax pass-through entity, you (the owner) will receive the same tax benefits as you would if you deducted these repair/improvement expenses on your personal taxes--but, if you use the LLC, it helps legitimize the LLC, is more defendable in an audit b/c it reflects a real business process instead of tax evasion, and frankly it makes it easier and faster during tax time.How might this help in reality?

Do you think a DWMH in a good neighborhood (clean, appears good, new homes, newer cars - new construction going on all over this area but not right in the vicinity of it) would be worth at least the tax value?

I would consider joining a local REI group ( Real Estate Investing Group) and start offer your services to help the investors in the gorup clean up their propertires.

In my opinion it would be much easier and safer transaction to structure a one year lease option to buy with a sizable amount down from the tenant.Good luck!

HOWDY YALLGarGus it sounds like the Austin area is making a good comeback or at least the start of one.I remember when I took my ABR over there everyone was dealing with contract wars and then the high tech crash came.BCS is still riding the wave and building is going on everywhere.Especially in the commercial arena.Land has gone up steadily which has escalated prices but this area is still undervalued compared to most of the places folks are coming from.It is common to see people buying with a good chunk left over from their out of state sales proceeds.Investors in rental properties are not as happy as they once were as the escalated prices are making it hard to get a good return without putting more in.The junker market has alot of inventory for those that rehab.Some Ive seen as low as 22000.The lots are usually good size.(10000 sq ft and bigger).Locations most of the time are iffy.High end rehabs are coming into the picture more now.Wealthy College kids live in and trash expensive homes that their folks buy and then wind up selling them cheap to cut their losses.Ilove this country.Well im off to NYC for 2 weeks of R&R with the family.Hope yall write a bunch of clean deals while I'm gone.Adios.Jennysh thanks for the website on your condo hotel its a beauty!

Since I've learned to use collection agency/furnisher of information violations of FDCPA/FCRA law as leverage to get my credit report cleaned up, I've learned to feel comfortable using the law in general to my advantage.Your post clears up why I want to learn more about wholesaling properties.Thanks.

Most of the homes I've bought in Texas had been built less then 5 years from my purchase date and are often like new after some very minor touch-ups (clean carpet, repair fence post, install new showerhead, etc).3) The mortgage market has a variety of products out there today.

It has outstanding access, a wide range of prices for housing, it's very clean, great schools and can you tell I am biased when it comes to Plano?

Ok, so the faucet has a drip and apartment 4 has ants coming in - maybe if the tenant in apt 4 had the common sense to clean her kitchen there wouldn't BE ants .. but somehow that is my fault too.

Ive been looking at the illinois laws and they seem to say if i understand them once its sold at the sheriffs sale I own it with a clean title or deed.