9 November 2012 | 42 replies
My impression is that the carriers that still do business here are trying to cut out risk anywhere they can because of future hurricane possibility.
9 November 2012 | 2 replies
Take a look, listen to what the seller/real estate agent says, cut that in half.At least, that seems to be how most wholesalers do it!
12 April 2013 | 14 replies
That gives the lender the right, but not obligation, to call the loan.Ways to come up with more cash include:- Borrowing from a 401k account (puts your retirement at risk)- Borrowing against existing property (puts your existing property at risk if the rental goes bad)- Selling stuff- Cutting spending and increasing savingYet another approach is to buy a property using hard money.
9 November 2012 | 3 replies
I know of no short cut here.
12 November 2012 | 9 replies
I charge a much higher lease9. if I really want the house sold I give credits for the down payment, if I don't want the house sold I give credits for the price of the house10. for owner benefit have the term be 1 year, for tenant benefit have the term be 2-3 years11. at expiration of the option if tenant has no gotten a conventional loan or hit the lottery [ megabucks in Las Vegas ] he is vacated, 12. rinse repeat, until a tenant actually purchases13. [ lucky 13 ] pay taxes on the option down payment, and keep what's left overGeneral Housekeeping- have an escrow company hold all payments until all contracts are signed by both home owner and tenant- all payments are collected by 3rd party company, owner's bank get its payment, I get my cut- I take out title insuranceAssignment- once all paperwork is signed and money is rolling in and tenant is paying, sell the entire deal to investor, as cash flow, for an assignment feeDid I leave out anything?
7 January 2013 | 30 replies
To me the cost of home ownership can be supplemented with other streams of income.
5 January 2013 | 19 replies
When I said "by that industry" I was referring to the farming industry as a whole.I highly recommend reviewing these links for more information.Chapter 11http://www.timbertax.org/publications/aghandbook/AgHdbk718.pdf Operating Expenses and Carrying Charges The rules for deducting timber-related operating expenses and carrying charges, as set out in Chapter 5, apply as well to Christmas tree production if the trees in question are more than 6 years old when cut or sold.
20 March 2013 | 5 replies
We were all studying engineering & during classes with a professor he told us about a black waterproof hydraulic cement impervious to salt damp that we could use to supplement the first course of the wall.
20 March 2013 | 8 replies
One edge of one of my properties borders a private street and it is a bit of a pain.
14 May 2013 | 33 replies
This was when we should have stopped the presses and cut our losses.