Thanks in advance.Live in it as your primary residence for 2 years out of 5 - this will avoid the entire tax.

The last house I bought in January cash flows at $360/mo.As far as a formula for buying rehabs - I depends on what your primary exit strategy is.

I have yet to purchase any properties, which means I qualify for the first time home buyers assistance (not sure how much assistance this actually is yet) and I plan on purchasing a duplex, triplex or quadplex sometime in early to mid 2009 as my primary residence.

I was refered to someone today who offered to send me some information on a PPF Platform.

Our primary targets are apartment complexes, 6-150 units.

.`(11) PRIMARY RESIDENCE- The mortgagor shall provide documentation satisfactory in the determination of the Secretary to prove that the residence covered by the mortgage to be insured under this section is occupied by the mortgagor as the primary residence of the mortgagor, and that such residence is the only residence in which the mortgagor has any present ownership interest.

I need to do something w/ my properties...I have been buying one house every 3 months or so over the last year and I now own 6 properties including my own primary house...I know I need to put them into either an LLC or separate Land Trusts...Im leaning towards the individual trusts for each property but what I dont like is how I cant mix the funds from each property as I currently do...Is there any way around this?

If financing is your primary goal then focus your efforts on getting the type of financing that you want.4.Be sure that all of the decision making people are at the negotiation- Make sure that all of the decision makers are at the negotiation with you.

I think half of the Guru driven BS about Realtors is so that the do not go out in the world and find the really cool platform sales guy has no idea what he is talking about As long as the person adds value to what I am trying to accomplish.......

It's been their primary residence for a few years, so it's not an REI deal in the traditional sense.