Great investment property. Fabulous newly converted stone Church in town of Lucknow with attached hall. Currently rented out on 1 year lease to great tenants. Large lot with fruit trees and backing onto Nine Mile River. 3 bedrooms, 3 bathrooms, 3800 sf of living space. Huge master loft…
Video Rating: 5 / 5


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Question by noelle: I want to buy my DREAM house (its a short sale) and in a different state. Any recommendations?
I am renting in Hawaii and my job requires me to stay here for at least another year or two. My family and friends live in Florida, which is where I want to move. I found my DREAM home, but its a short sale. How can I buy this home without getting ripped off? Is the list price already at the discounted short sale price? Also, I have a chunk of money for a down payment, but not 25% which is what the bank is asking for an “investment property”. Any ideas, information, or noteworthy books that you can recommend? THANKS :0)

Best answer:

Answer by Landlord
You’ll need to come up with the cash are dream some more.

Give your answer to this question below!

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Question by moham: how can a reputable source for a short sale be found ?
I’m facing foreclosure and was told that I should seek someone try and do a short sale. the last time I did this I was approached by someone after listing on Craigs list, only to find out that they prolonged the process for about 2 and a half months. complaining that the mortgage co. was not responding to him. ultimately the property went into foreclosure anyway. “an investment property. ”

since I lost half of my income I’m not able to keep up the payments on my primary residence, and desperately need to downsize. any advice would be greately appreciated. thank you………

Best answer:

Answer by DJ B
The very first thing for you to do is call your lender and ask for their help. Then second call regardless of what the lender says, is 888-995-HELP. This is a counseling service to advise you that HUD set up. It’s free. It is invaluable to you now. Don’t wait call them now.

A short sale has to be approved by the lender, and they aren’t quick at making decisions.

If you like I can make a referral for you and get an agent that knows your area , that is your decision. But make those two calls today. Please don’t wait. If I can help further, email me alterfemego@yahoo.com

Know better? Leave your own answer in the comments!

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Question by ProfessionalMom: Rental Property (Arizona), used to live in for 12+ months – Short Sale Reprocussions?
Property in Arizona that I have owned since July of 2006, purchased and occupied for 12 months before moving to the East Coast in July of 2007. I have never been late or missed a payment on my mortgage. I now own a home on the East Coast where I live and have been renting the Arizona home for 3 years. I am $ 160K upside down in the Arizona Home and come out of pocket $ 1000+ a month to finish the mortgage, hoa’s, taxes, etc. I currently have the property listed with an agent in an attempt to do a short-sale, but with so many homes on the market it is not getting any offers. My question is, if I am able to complete a short sale will I be responsible for paying taxes on the amount the mortgage company cancels, will I be liable to have the mortgage company come after me for the difference owed since this is a rental property. Please note that the loan is still the original loan from when we lived there, so it’s not a “second property” or a “investment property” loan.
To “the tax lady” –
To make sure I am on the same page and understanding you correctly.
I Purchased for $ 270,000 07/2006.
I lived in it for 12 months and in 07/2007 converted it to a rental and the FMV at that time was $ 235,000 (this would be a $ 35K depreciation that doesn’t count).
From 07/2007 to today my FMV has dropped to approx. $ 100,000 for a total depreciation while a rental of $ 135K.
If I am understanding you correctly and I short-sale for $ 100K, my mortgage company will be taking a loss of $ 170,000 total and if I minus my $ 135K depreciation while a rental, this would leave me with $ 35,000. Are you saying that I would be reporting $ 35,000 as income on my taxes? I think this is what you are trying to say. Look forward to your feedback and thank you.

P.S. Do you know if the mortgage company can come after me for the difference or do I qualify under the Arizona Anti-Deficency Act?

Best answer:

Answer by the tax lady
Hire a competent tax professional to run a mock tax return for you.

Can you document the FMV of the house when you converted it to a rental? Any losses that occurred while it was your personal residence are NOT deductible.

When you short sell (or foreclose), you will have a sale to be reported on form 4797. You can claim any losses that occurred after it was rental.

The 1099-C for cancelled debt will be income on the schedule E and will cancel out the loss on the 4797 (for all but the depreciation you have previously claimed).

While you can use form 982, it can only be used if you are insolvent or in bankruptcy. This would save you the gain from the depreciation (the first thing the 982 does is absorb the NOL).

What do you think? Answer below!

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2 Property Investment. Can You Show Me How To Find The Best?http://www.BelowMarketValuePropertyInvestments.com

A leading site for learning all aspects of property investment from finding motivated sellers to buying below market value with no money down.

Property investment and real estate has become an increasingly attractive option for many people who want greater financial freedom and increased returns on their investments. Finding below market value investment property for sale i.e. people becoming repossessed or divorced offers great opportunities for property development investment. This is the secret to making really profitable immediate returns quickly of up to 40 per cent of the value of the property as all successful property investors know that the money in property is made when you buy and not when you sell.

Don’t expect to get the best deals from an estate agents display as it won’t happen. They are snapped up because the seller wants to sell quickly for less money. Makes sense doesn’t it. And guess what, the majority go to the Agent’s friends or developers contacts. The best way to get the best deals is to get them through your own means.

As a result the property investment market has much to offer investors looking to buy investment property direct from time motivated sellers i.e people in debt and facing impending repossession or divorce and who are looking to sell at huge discounts very quickly that will give the investor instant profits of up to 40 per cent of the value of the property.

Residential property investment is very attractive for those seeking to invest in Below Market Value property and is making astute investors huge profits. These wise investors are generating leads from time motivated sellers such as people in debt and then getting thousands in the bank from day one in the form of instant equity.

There are various property financing services that provide no money down solutions to real estate and property investments. These services allow investors to take out what is known as a closed bridging loan. This enables them to buy a property without having to use their own money as a deposit.

Many serious property investors have created enormous no money down property portfolios with very little money upfront. The secret is borrowing against the value of a property rather than the purchase price which is the technique behind no money down investing.

Getting property investment advice on how to buy property is all too easy. There are many services that will charge you money for advice or a property investment course. However getting the right advice or finding a good course is like gold dust. Not only will it save much time and money but will show you how to build a property portfolio and make money quickly using little or none of your own money up front.

Closed bridging can be a very effective way to quickly grow a UK property investment portfolio if you are purchasing properties below market value. It can enable you to buy no money down and then get instant money returned to you on completion.

One of the biggest frustrations I hear from people getting started in below market value property investing is lack of money. They don’t have enough money for a down payment. They can’t have that money tied up for months, even years. They can’t buy multiple properties because they don’t have the cash. I have some suggestions for how you can use 100 per cent financing, so you don’t have to use any of your own money.

Sound too good to be true? I assure you it’s not.

You have to ensure that you are dealing with time motivated sellers with enough equity in their property to pay their mortgage and all their liabilities off.

This is what a below market value property investment deal is, usually 15 to 40 per cent below market value with the aim of having to use none of your own money to finance the deal purchasing property from people in debt or looking for a quick sale for numerous reasons such as repossession, divorce and relocation.

You can get proven property investment strategies with my free mini course “Six tips and techniques for maximizing profits from property investments” This is a £127 value course for free.
How to buy unlimited property investments using little to none of your own money.

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I know how to spot the best property investment opportunities and how to find them before everyone else does. I can show you how.

Please visit http://www.BelowMarketValuePropertyInvestments.com now for your FREE 6 part property investment mini course

Duration : 0:2:20

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Midwest 60 LLC Investment Opportunity

2 Midwest 60 LLC Investment OpportunityLearn how you can be a part of the solution to the American economy. Watch the video and check out the website to learn how to help Americans in need of affordable housing and make a great profit at the same time.

Duration : 0:6:33

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2 The Formula for Negotiating Price Real Estate Investing Deals    After Repaired Value: ARVhttp://The-Flip-Man.com – The Flip Man …..

The Formula for Negotiating Price Real Estate Investing Deals – After Repaired Value: ARV ….

……. http://Junkers101.com makes Flipping Properties simple with a 1 on 1 Mentor- Coach – Trainer, no cash or credit needed.

I will teach & mentor you on how to flip houses (or wholesale houses) 1 on 1 with no cash or credit needed. I’ve flipped over 150 houses since January 2003 and continue to flip houses everyday. In my opinion, real estate investors should start investing via flipping houses (wholesaling houses) first because it doesnt takes no cash or credit. Flipping houses is a very simple process but not always easy but that’s what is valuable about my course is you will have the knowledge plus me to help you along the way.

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Flipping House Tips, Ideas and Secrets Flipping houses is harder than it looks – Buy a House: MLS Foreclosure Flipping Tips How a First Time House Flip Went Bad HowStuffWorks “How House Flipping Works” Flipping Houses | Free House Flipping Tips & Articles Flip Thy House Flipping Houses Blog, Flipping Real Estate, Make Money Flipping … Fipping Houses – A Guide to Real Estate Flipping Amazon.com: Flipping Houses For Dummies (For Dummies (Business Real Estate Investing at Flipping Homes: Make Money Flipping Real … Real Estate Property Investors :: House Flipping :: Real Estate … Jeanette Fisher’s Flipping Houses Doghouse Dollhouse Dollars Flip This House Television Show Flip this House | Armando Montelongo – Home Page Trial over ‘Flip This House’ to begin – Los Angeles Times A Review Of Popular House Flipping and Home Hunting Television Shows Perfect House Flipping Flip This House – Wikipedia, the free encyclopedia

Real Estate Investing | Investment Articles, Tips, Expert Advice AskMen.com – Invest In Real Estate Real Estate Investing Articles For Investors Real Estate Investing .com – Learn Creative Flipping Short Sales John T. Reed’s view of various real estate investment gurus Real Estate Investment Club Directory: Local & Nationwide REI Clubs Real Estate Investing Guide | BiggerPockets® Investment Real National Real Estate Investor – commercial real estate investing Real Estate Investing Blog MSN Money – Real Estate Investing Real Estate Investing: The Creative Investor Real Estate Investing – Investment Articles, Forums, Clubs Atlanta a poor choice for real estate investing, report says | ajc.com Real Estate Investing Education and Networking at Real Estate Real Estate Investing – Advice on Investing in the Real Estate Market Real Estate Investment Trust (REIT) Real estate investment trust – Wikipedia, the free encyclopedia

A Beginner’s Guide to Flipping Houses Flipping houses is harder than it looks – Buy a House: MLS HowStuffWorks “How House Flipping Works” House Flipping Strategies Gerald Romine’s How To Flip Houses How to Flip a House in 90 Days: Getting Started to Demolition Fipping Houses – A Guide to Real Estate Flipping How to Flip Houses – TheStreet.com TLC :: Flip that House Flipping Houses Blog, Flipping Real Estate, Make Money Flipping Investing in Real Estate, Flipping Houses, Hard Money Loans & More Real Estate and Flipping Houses: Pros & Cons of Investing Flipping Houses | Free House Flipping Tips & Articles Flip your house without losing your shirt House Flipping Tips for Beginners | A Primer Can You Flip Houses in Any Market? Flip that House : TLC What Is Meant By Flipping Houses? flip houses Flip This House Online

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2 Overseas property Cape Verde, property Santiago for salehttp://www.reececarrington.co.uk
Click the above link for Overseas property Cape Verde, property Santiago for sale with

http://www.reececarrington.co.uk/

Property has through the ages proven to be one of the best ways to create wealth and today there are thousands of exciting opportunities in every corner of the world

At Reece Carrington we are constantly searching out great investment opportunities

We carefully select the very best developments in various locations around the world that we consider represent great value and offer a realistic prospect for capital growth

As property investment consultants we are very selective, we carry out extensive due diligence and only when we are completely satisfied will we agree to represent a particular development

Cape Verde often referred to as ‘the new Caribbean’ is currently tipped to be hot news in the World of property investment for 2008 and beyond

We are pleased to announce that Reece Carrington are master agents for a fantastic new beach front development located on the island of Santiago; a truly stunning development that represents great value, a magnificent investment opportunity and guaranteed rental income

If you are seriously looking to invest in property and are interested in the international market then why not give us a call at Reece Carrington, we offer friendly and professional advice and, as international property investment consultants, we have extensive research capabilities and some really exciting investment opportunities……

Mr .Leighton from Yorkshire says……’I would certainly recommend Reece Carrington to all potential buyers of overseas property

and Mr.Tudor from Herefordshire explains ………. ‘Good quality, no pressure advice. For those who are seeking to invest for a better retirement Reece Carrington offer some un-missable opportunities’

Mr .Cooper, an IFA from the West Midlands ……….’Excellent investment opportunities for myself and my clients alike’

So for good honest and professional advice why not give us a call today and find out about some of our most exciting investment opportunities.
Reece Carrington, the investor’s choice

Video production by http://www.bestfiveproperty.tv
Tel : +44 (0)207 193 1698

Duration : 0:2:39

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Great Investment Opportunity!

2 Great Investment Opportunity!This offer is for investors. If u know an investor which want to buy a real good land in Romania to develop a business or just to rent the buildings for companies, please tell them to contact me at 00400726793842.

The investment cost is very low and this land worth’s millions.
It’s a great investment opportunity so don’t miss it! First come, first served!

Duration : 0:9:27

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2 Las Vegas real estate investment opportunityLas Vegas real estate investment opportunity update. Covering the REO inventory, some strategies to invest, and where the hidden deals are. Learn why banks are holding onto their inventory and why there are going to be more REO coming into the Las Vegas market. Part of a regular series giving buyers and investors an update to the Las Vegas real estate market. Hosted by Todd Miller, Owner/Broker Sellstate Realty Solutions.

Duration : 0:8:58

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