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Results (10,000+)
Robert Perea-Martinez "Dealer" classification while doing Lease Option Assignments?
10 August 2013 | 7 replies
That term, for tax purposes, refers to someone who buys and sells property as a part of his or her trade or business.When doing lease option assignments you never take ownership of the property, so the term would not apply.That being said, income from lease option assignments is considered ordinary income and is taxed as such.
George P. yet another "carpet" thread
25 July 2013 | 15 replies
People's bare feet do the exact same thing!
Jacob Shafer A few "Starting off" questions
24 July 2013 | 9 replies
Pre-approved would mean they have already pulled my credit and whatever amount I have been approved for will pretty much be an exact estimate at the amount of money they will loan me.
Renee Fulcer Intro - Rockford, IL
22 June 2014 | 4 replies
I like the idea of flipping and holding properties, I think that is a balanced way to grow capital and build a portfolio over the long haul, that is exactly what we are doing.See you around the site!
Joshua Daniels Helping friend get funding for large development, need advice.
24 July 2013 | 5 replies
What exactly is the permit for?
Chris Haas Short Sale Information sharing from listing realtor
24 July 2013 | 3 replies
"1st mtg is willing to contribute" when you say this it makes me think the realtor knows exactly what they will take.
Jacob Seethaler Effect to seller credit of Subject To
25 July 2013 | 7 replies
I'm not sure exactly how sub2 data shows up on a tax return, though.
Josh Randall 1957 2 bed 1 bath rental property
25 July 2013 | 15 replies
,I absolutely wanted to go 30 years for the exact reason you stated, but the bank will only do 15 on an investment property and as I stated I couldn't find any other lenders who would even consider such a small loan.
Tyrus Shivers Owner Financing Suggestions/Help
30 July 2013 | 9 replies
There is also a glossary of real estate terms which is useful if not exactly complete, a list of potentially useful websites for the investor, a section on IRS trustees and custodians, and the complete Section 1031 (Starker Exchanges) of the IRS code!
Andrew Martin First Real Estate Deal
28 July 2013 | 2 replies
That, and having reserves set aside, in case something big breaks.All of that said, the numbers looking pretty promising (though I don't know anything about what fixup costs you might have).Refinancing #2 - because it's a 5-unit, it's considered commercial for lending purposes.