I typically am able to achieve this with no $$ down as I get an as completed appraisal and ensure the property appraises for the $$ I need to buy and fix at 80% financed.About a year ago, I got a great deal on the MLS and was able to buy the property, fix it up and still have roughly $20k of equity in it (at 80% value- DETAILS-bought for $50k, invested $30k, appraised for $125k.

As Jscott stated a double closing is "purchasing a property and then quickly turning around and selling that same proper."

Given we plan on flipping several houses a year, and we are creative types with a some limited background in interior design, we'll likely go with Option C and do it ourselves.I'd be curious as to people's experiences with professional stagers, and whether you felt you got proper value and return on your investment at the end of the deal.

We have relied upon them to ensure we have all the necessary paperwork to improve our offers.

The other crazy part is that the lenders didn't read the purchase agreement addendum properly that shows the deadline was for March 4th to get financing aligned, I had to call them yesterday to let them know.

Unless you are dealing with true cash buyers who have plenty of it you need to ensure that the deals will fit the financing criteria.

As I understand it in Michigan, if the county properly notified all the parties who had claim to the title, the title is clear, transferable, and insurable.

May be less of a headache.Have you reviewed your lease to ensure compliance with the Chicago Landlord Tenant Ordinance?

Great point Will, by creating self directed 401k and doing proper preparation you setting your self up for success financially in the long run.

Originally posted by Eric Dubrule: @Brian Ortins there is information on mass.gov, but I can't seem to find the specific information I'm looking for relative to how to deduct the credit from expense deductions properly.