I received this from my accountant in his newsletter. I thought it was worth passing along.

Nine Facts about Mortgage Debt Forgiveness

If your mortgage debt is partly or entirely forgiven during tax years 2007 t...

We just purchased a property at the county foreclosure auction. The owner had passed away and the bank eventually foreclosed. After the auction, we accessed the property and there are many of the owners personal items...

Hi everyonejust closed on another deal. This bring my deals closed to 13 and 16 units total.here are some numbers for you guys3br 1 1/2 bath SFH 3 car garageasking price 30kaccepted offer @ 22ktotal money needed for c...

Saw a property in my town going up for auction on XOME. The home has not been sold for over 140 days. I am currently looking for a property that allow me to buy deep and this property will allow me to do. The listing ...

My tenant's just told me a walnut from a tree in the front yard of my rental house fell and crack her car's back windshield.  She wanted to know if I will pay for it.In the lease I specifically spelled out that damage...

We have been careful to document and report all rental income to the IRS from our accessory unit attached to personal residence for the past 4 years.In our current application for investment loans our lender is tellin...

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It is screening time again and I have an interesting one that focuses on income. I have an applicant for a recently renovated high rise condo who is a retired librarian with no dependents. She has spotless credit, he...

After writing this, I now realize it's pretty long, so I put the main focus and details of the deal in bold and the rest of the fluff in italics.Prior to successfully completing my first real estate deal, one of the t...

Hi all,I am trying to hammer out the repairs and replacements a tenant is responsible to pay for as well as my responsibilities as the home owner. I have been reading on BP and the answers are all over the map. Will y...