This exception applies only to the extent that the amount of the distribution does not exceed the costs of advanced education (as defined in section 2005(d)(3) of title 10 of the U.S.

The HUDhomestore.com site defines an eligible owner occupant as "an individual who has not purchased a HUD home in the past 2 years".

Ibrahim S While the state courts were (and are in some cases) still dealing with the definition of "notice of foreclosure" in the PTIFA, the Dodd Frank Act clarified and defined it is as "the date on which complete title to a property has been made to a successor entity or person.....".

I'd check with a lawyer before implementing that policy.HUD defines affordable housing as the cost does not exceed 1/3 of your gross income.

Hello, Ramon definately not flipping central.....

Your exit strategy should be an important component of your business plan, and the exit strategy can often help you decide on the type of entity to use.

So, just look at the operating expenses, then calculate the useful life of every component in the property, and estimate when you will need to replace it, and make sure you have the ability to come up with the cash when you need it.The thing is unexpected problems are to be expected so stay liquid enough to be able to cover surprises.

This may not seem like an ROI calculation, but when you compare real estate to other investments that are highly taxed, this keeps more money in your pocket and should definately be factored into the equation.

We informed them that once we decided which contractor we were going with on each property, we would request a detailed bid (i.e. itemizing and costing the major components of the rehab).We are now getting push back from our contractors on them providing a detailed bid, with their rationale primarily being (a) the cost of the rehab would be greater if they had to itemize the cost (instead of giving 1 overall $ cost, where they have flexibility in changing material and labor costs) and (b) it will take time to pull that information togetherBy way of more background, we have only done 1 house flip inception to date.

Define what you end game is and what you want real estate investing to do for you in the long run, your investment philosophy is key.