I have 24 hours to present my offer to a seller. I want to purchase the property using a lease option. It is my understand that a contract purchase DOES qualify for the tax credit. The deal in some ways hinges on the ...
Hey All,
Few questions..
Does anyone know if they are going to extend the date for the 8K tax credit for first time home buyers?
If not, is there a way people can still get it if they close after Nov 30 but before Dec...
Asking the professionals, how has the end of the tax credit effected your investing? How are your local markets now that it has expired? All responses appreciated.
Does anyone have any experience with using tax credits to invest in real estate? I’ve heard of people using this strategy before but there’s not much info about it anywhere on the internet. Any information would be gr...
My lender presented the option to take out a WHEDA loan for my downpayment to take advantage of the tax credits. I have money for the downpayment but I want to maximize my savings for future properties. I was original...
I have a land listing located within a "Qualified, Severely Distressed" New Markets Tax Credit (NMTC) Program census tract. Does this make the property more valuable to large developers? Thoughts?
I purchased a home in September of 2018. The previous homeowner had bought the house 10 years prior for a value of $40k, so the taxes on the property were extremely low ($1,500). I bought the house for a little over...
Hi All,I bought a rental unit in 2014 where I negotited a seller paid closing cost credit (fixed dollar value) at closing. I am going thru the HUD-1 now figuring out what can be added to basis etc and I'm not sure how...
Hi all, I’m currently in the process of buying my first home. I was wondering if someone would help explain the first time home buyer tax credit? I’ve read a few articles online and am still confused about it. Any hel...
Experienced traditional investor. Used personal money and traditional loans for years. Have an unemcumbered multifamily held in LLC desirable location. Not ready to sell. Need to paint landscape to get top dollar. Bri...