My wife has previously been married in another state.

It is a foreclosure duplex 2600 sq ft assessed for 94kAsking 35k I will offer 25k plus 10k to fix upBefore the bank took it the property was renting 650 per unit with tenant paying for everythingThe agent told me that the previous rent was a little lower than market for a 3br apt.IncomeAnnual rent (based on 600 per unit) 14400ExpensesTaxes-3900Insurance-980Property management-1440Vacancy(5%)-720Maintenance- 1440Total-8480Net Profit- 5920 Loan at 8% with 3500 down= 231/per month, annual- 27725920-2772= Cash flow- 3148The agent said That after fixed I could get easily mid 60's and that is even 30% below assessed value so should I cash flow this or just flip or neither and wait for a better deal?

If you sell a home on a land contract and the buyer pays you a mortgage payment and you pay the previous mortgage yourself, what happens in the event of buyer default?

This was previously my primary residence and has been rented for 1 year.

Louisiana Representative Jim McCrery said the provision could hurt housing markets in coastal communities.Tightens QualificationThe realtors association told lawmakers in a letter last week that the vacation-home provision ``does not eliminate any tax benefit but rather tightens the requirement'' for qualifying for the exclusion from capital-gains taxation on the sale of a home.U.S. law generally allows married homeowners to exclude as much as $500,000 in profit on the sale of a second home, provided the owners have lived in it for at least two out of the previous five years.

Historically, after you reach the bottom of a housing bust, prices don't reach their previous inflation adjusted highs for 8-10 years.

I've done a few deals starting back in 1999 while I was still in college with a HUD foreclosure.

Worse is when they did and then did nothing with the knowledge they picked up.Look at the folks who go to college and then head in a new direction.

When she and her two housemates moved in, there was furniture already present (the place was rented unfurnished), left by the previous tenants.The landlord is now refusing to return the deposit, claiming that the cost of moving out the furniture (which was present when they moved in, and they left when they moved out) exceeds the amount of the deposit ($1550).

My wife and I have lived in our condo for 1 year and I want to learn more about renting and investing in real estate.And to begin learning I will go back and read the suggested reading material found in previous posts.