Ivan Poon
Just got a short sale approved today, can i still get 8000 dollar tax credit?
Hi Guys,
As i understand it, you have until june 30th to complete the short sale to get the tax credit.
We put in an offer for a short sale (for personal use, not investment) back in march and it got approved only t...
Stephen N.
Questions about utilizing the $8k first time homebuyer credit
1. Is the $8k credit available for bond for deed transactions
2. Is it possible for me as a seller to set it up to where the $8k credit is used for down payment? I'm thinking of requiring Buyer to amend 2008 retur...
Damon Roberson
Negotiating solar contingency
I'm in escrow buying a property that has financed solar. After 20 days in escrow, finally got the documents on the solar loan that the sellers want me to assume, and it's 48k, financed for 20 years. The system was ins...
Ricky Fleming
Homestead Tax and LLC (MI)
I'm looking to purchase a triplex, live in one unit and rent out the other two, but I'm unsure of how the homestead property tax would work. I'd like my LLC to own the property for protection, but does that mean the ...
Kirk R.
VA Loan with Energy Efficient Mortgage - EEM then use 10% federal tax credit & then try for rebates from power company
On a VA loan anyone use an energy efficient mortgage? None of the lenders I have talked to have had experience.I'm thinking to use the EEM to update windows doors and maybe some insulation. The other options like so...
Sawyer Smith
Olivia Building Historic Renovation
Investment Info:
Large multi-family (5+ units) commercial investment investment.
Purchase price: $5,000
Cash invested: $300,000
The Olivia Building was built in 1906 and stood as the pinnacle of high...
Caleb Whitney
New Short Sale News
I was talking with a buddy of mine today. He is a broker out of Las Vegas and he has tie-in with upper management BOA lost mitigation. He has informed me via his contact that the reason why banks are making is so di...
Tina Reid
First time home buyer
What are the tax reductions and grants that the first time home buyers can benefit from?. I read a few in this blog https://mortgages.ca/first-time-buyer-benefits/ . I have heard about home buyer's plan and CMHC's co...
Greg Scully
Historic flip in progress.
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $119,000
Cash invested: $22,000
Appraised as is at 138K, ARV appraisal 400K - we'll see about that. Putting in 75-1...
Tevis Verrett
Solar Panels, Multi-Family, & Charging/Collecting Utilities: How To?
Good Morning my BP Peeps!
I read a post by Joe Bertolino that piqued my interest. He had just installed solar panels on his property and was awaiting the outcome.
I then searched BP to see if this question was alre...