If the foreclosure is finished, as in there is a document from a court that cuts off the prior owner and vests title in someone else, there's no difference in putting it under contract for sal...

It depends where you invest. I have detailed information on privatization processes in Belgrade (Serbia). For example it is possible to purchase complete hotel (fantastic downtown commercial area) ...

THE SCOPE IS REALLY GOOD.

YES. But NOT the same taxes on both forms! Your investment or rental property taxes go on Sch E and your home taxes go on A. Your itemized deductions are for your home, not your investment prope...

You have two issues here...one, the federal income tax and the other is state income tax. Then you may be dealing with long term capital gain tax and short term. For federal long term capital ga...

Obviously there's no "standard" out there, it's based on facts and circumstances. But a 5 to 10% acquisition fee based on purchase price wouldn't be out of line if you are...

I personally have owned rental property in lower income areas. One major benefit of owning property in these areas is your return. The houses are cheap, but you can still get a decent amount of r...

hard to know if you will be able to refinance, many people based upon their situation are finding that they can not refinance need more detail like loan versus equity in the place

Newspaper. And there are management companies out there that do this for you so that you don't have to be the contact person for the renters.

According to the law you should report the income. However, if you did not use a property manager than you don't need to report the rent. Just report as personal resident that was sold after...

The lender may ask you for your previous years tax filing, which would have your previous year's earnings on it, but sometimes all they do is a credit check. When I obtained my loan, all th...

These are just general estimates based on the experiences of other homeowners in similar situations. Every foreclosure situation is unique, so the effects you see will be slightly or wildly differe...

Call your local credit bureau and they can hook you up to receive credit reports online for about $3 each. I used to do them at the dental office where I worked, on all new patients......what a go...

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Usually, the lenders require a minimum 10% down payment for investment properties. Interest rate is about 0.25% - 1% higher than the interest rate for primary residential mortgage loans. From a l...