Hi I started a new s corp to buy fix and sell houses mainly in san diego californiaI started my first project as a corporation with a licensed contractor with worksmens comp, it was more expensive than when i was doing it as owner/builder with a bunch of subsAnyway the project was finished and sold but I need to finish a request for repairs in order to finalize the transaction.

I've only been questioned twice on over 100 transactions why the buyer's name isn't mine.

Effectively, Uncle Sam has loaned you $1250.OTOH, if your AGI is over $150K, you won't be able to deduct that passive loss against your income.

If you're looking into existing mobile home lots with the infrastructure already in place, it may be more cost effective.

My real estate experience is limited my own personal transactions, I bought/sold a condo in NY and am having a home built on LI to live as a permanent residence which is currently wrapping up.

Bob Lowry The 2% "rule" is based around a 25-50K house and like Jon said assumes a 6% interest rate, so obviously as you start messing with the basic concept it becomes skewed and doesn't effectively work anymore.

They were not at all happy with that.Long story short, the guy made a threatening remark to the PM today and so the management company just advised me that they are unable to effectively manage this situation and are pretty much hanging us out to dry with a very difficult tenant.

It is always advised to check with legal consul before you do your first transaction.

I guess I just felt like water in an old basement when it rains heavily obviously doesn't negatively effect the structure of the home since it has likely been wet since 1938 ...and if it is not a living space, why does it matter to a renter?

Hi Anthony, I'm an investor in Columbus also and have used Northwest Title on some of my recent transactions and they are good.