Online House Hunting - Investment Property For Sale Knowledge Base

Investment Property For Sale Knowledge Base

Can we sell back a short sale investment property to seller that has no relationship to us? We bought an investment property next door with the intention of renting it out. Now the seller has expressed interest in renting for 3 years and buying back the property at the end of that 3 years. Is this legal?

Where is the best free web site to list my investment property for sale? I have a property i want to sell in South Australia where is the best free web site to list it? I live in Australia and this site seems to deal with American properties.

Where is the best place to list an investment property for sale.? I have a property i want to sell without the complications of agents, fees and advertising. Where are the best free sites on the web for advertising. how do i answer and answer kmoya54 i have made a mistake and asked the question in the usa site and i should be in australia.

how do you gain leads for my property investment business I can pay $1000 per sale? I am wondering if their is anyone out their with ideas of how to find people to help mefind leads for my property investment business Iwill pay $1000 per property sale.

Can you do a short sale on investment property? I am upside down in a 6-unit investment property in Illinois that is not cash flowing. I have carried the mortgage and expenses for some time now but can no longer afford to do so. I understand the short sale process for homeowners, but my property is purely investment (or so I though) and not owner occupied. Has anyone had experience with this? Any help would be greatly appreciated. Thanks.

if i short sale an investment property, can i make the buyers offer subject to bank relieving me of the 1099? I want to short sale an investment property. the difference between what is owed, and actual value is signifigent, and will lead to bankruptcy. if we recieve an offer from a potential buyer, can i counter it back to say "subject to: bank not issuing 1099 for the difference"? FYI - the bank is WAMU.

Please can someone explain the difference between investment property and property for sale.? Very often I am seeing Investment property seperate from houses for sale also on some real estate sites i am seeing no investment property allowed ? Please help

CHASE -short sale (investment property)-- will they take my house? I live in a house in california (worth over 500k). Years ago I purchased a condo in Phoenix Arizona for investment property (have a 132k loan on it). It is now worth about 45k. I just retired in June as a teacher and do get about 4k coming in a month. I have been sick for the last few months and thought when I retired I wouldl get an easier job, but I can only work at home right now. No credit card debt, but I NEED to get rid of the Arizona property (tenant lease is almost up/not paying, lots of problems). I am negative each month with that place. I need help! If I did a short sale.. could the bank come after me and take my HOUSE? I have two separate loans, but both are with CHASE. I tried to do a short sale years ago, but I was "not qualified" because I was working and making too much money. Need some advice, please.

How to prepare for a short sale of investment property? We had a condo for rent, but the rental market has sunk to the point where it is a losing investment. We have listed the property for sale, but in a few months will not be able to carry the mortgage of the investment property. If the property does not sell before then, we may need to do a short sale (if the bank agrees) or worse, deal with foreclosure. To plan for a possible worst case scenario, should I consult with the bank now or wait? Should I meet with my CPA now? Is there value in meeting with a real estate attorney, too? Obviously money is tight, but I want to be prepared.

What are the cosequences of putting a investment property for short sale? Would the lender Litten put a lien on my primary residense for the unpaid balance or would I get a 1099? Also what is a 1099, is it money you have to pay back as a gain when it is clearly a loss to the government?

Do banks short sale investment properties? I have a client that initially bought their home here in California but later moved to Indiana. They need to short sale their property here in California. Will the banks approve the short sale being that their primary residence is now in Indiana? Will it be wise to have them change their address on their taxes so it shows that they still live here in CA? Thanks for your help.

What I can deduct for sale of a investment property? I just sold a investment property, I would like what kind of items I can deduct for ferderal income tax, can I deduct the closing cost for purchase of the property.....etc?

I was thinking of buying a foreclosure or sheriff sale property. Does anyone have any advice? I am currently in the state of Pennsylvania and am looking for an investment property either here or in New Jersey. I understand that I would have to put work into most of these properties but I wanted to know if I bid on a property at a sheriff's sale do I have to have all of the money at the time of the sale or can I pay a percentage down and pay a mortgage on the rest? Any advice or tips would be greatly appreciated!

Can shares (ASX) be purchased to negate Capital Gains Tax from the sale of a Investment Property? I recently sold my house and made eg 100,000. It had been teneted for the last 4 years. I lived in it for 3 year before that. I think i wouldnt have to pay CGT if i Reinvested it in another property. But i was thinking of purchaseing shares with the 100,000. Can i do this

What is the most appropriate home loan for an investment property, 10% down payment, sale price of < 100k? TY.?

Real Estate Investment Short Sale Tax question? Selling an investment property on a short sales but am required to sign a promisary note for the difference, approx $50k, am I amble to claim as a deduction on my federal taxes?

Short Sale on investment property? I have a rental property in Maryland and behind the mortgage for nearly one year. It was my primary residence and wanted to modify, but not approved. I rented the place for $2000 per month and Mortgage Company will not accept my mortgage unless I pay entire amount due $39000. The payment on the house is $2900. I owed about $350 K first at 6 ½%, $94K line of credit currently at 4% and behind $39K. I am current with line of credit. I have other rental properties, but none has any positive equity but pays the rent. The house probably is worth $300-$350K. I am considering short sale. I have a good job and make good income and don’t want to destroy my credit. Any recommendation greatly appreciated.

Should I foreclose or short sale my investment property in Michigan? I'm in a situation where I cannot afford any costly repairs or vacancy on my rental property. I receive $1300/mo. rent, and monthly costs are $1400. I'm $70k upside down. I'm current on all of my bills and have not missed any payments. I've invested $40k into the property, which is lost at this point. I know that a foreclosure affects my credit more than a short sale. Either way you will still get a 1099C and have to pay taxes on the difference in sale price vs what you owed. Here's my question. If your credit is screwed either way, and foreclosure home owners have been living rent free in their homes until they get kicked out...why can't I stop paying my mortgage and keep all of the rent money until I lose the home? If it takes a year for foreclosure, then I can bank $15600 to pay towards the 1099C and any other costs and recoup some of my money. If I do a short sale, then I have no extra money to pay the 1099C and I'll be losing every month it takes to sell. Tell me why I should not foreclose, stop paying, and keep the rent money as long as I can. Don't tell me my credit won't be hurt as bad, because my bank account will be hurt bad if I go the short sale route. I don't care about some silly number that they give me. My credit will bounce back. If you agree or disagree, or if you have actually done this, please post . I would like to hear your opinion. Thank you. **Let me add that I used to think that I agreed to pay and I should be responsible just like everyone else. The FACT is that the government allowed banks to be greedy and lend to anyone and that is why people have upside down mortgages. All of the people that have good credit and make their payments get screwed royally. It turned into a bad investment and corporations go bankrupt all the time and cut their losses. Foreclosure is legal. So don't give me that lame ethical excuse, if you do, you are a fool! Open your eyes. **Also, my personal life situation has changed and that is why keeping the property is bankrupting me. Try having your wife lose her job and have to go back to school full time. It's really tough for people, so don't question my ethics. I'm taking care of me and my family first. **Maybe I can make another note: I am not eligible refinance my property because my loan is more than 125% of the value. I'm upside down by about $60k which means that I'll probably owe 25% taxes on that which is $15k. I see it as a stop loss rather than I'm pocketing $15k. I lose in the end, it's just how bad do I want to lose? I could short sell and keep losing $100/mo and hope I don't need repair or have vacancy and still owe $15k at tax time. Or I can stop losing $100/mo now and possibly have the money to pay the taxes. I think the answer is obvious, but I have not seen a reason otherwise by intelligent posters. Come on peeps, think about this one and give me a good answer.

short sale taxes on investment property, proving insolvency? Hi, two months ago I did the closing on the short sale of an investment property I used to own. Prior to sale of the property, my net worth might have been about $10K in assets & $20K in a 401K account. The property was sell short by $110K. My question concers the tax liability on this. I think I was insolvent at the time of the closing, meaning that I would owe the IRS on taxes for this year, more than my total assets value. Right after the closing I started investing most of my cash in the stock market and I've made a few thousand dollars in profits. Are these post-short-sale winnings going to be affect my insolvency for the sale of the property? I think I read somewhere that one needs to prove insolvency right before the short sale took place. Is that so? Thank you!

What happens if I short sales an investment property in California? So example,if I owe 400k and sell for 200k will I have to the claim the difference as income on a 1099?

Is Turkey property a good overseas real estate investment? We are thinking of buying property for sale in Turkey. Our property search in Turkey may include villa, apartment and land properties for sale in Belek, Side, Alanya, Antalya, Kemer regions. What region is better for buying investment Turkey Property and is buying a turkey villa or turkish apartment for rental worth the while.

Has anyone had a short sale refused by the mortgage lender.? We have our investment property for sale because we cannot make the payments anymore. The renters are 5 months behind with rent & are now squatters. We are trying to evict them but it's costing even more money. We've had an offer which was submitted in December. The lender has replied this week stating they will consider the offer but we may have to give them the difference in what is paid to what is owed. Can they do that? We'll be bankrupt.

What websites are good for listing real estate investment properties? I own a few houses that I rent out and am wanting to sell them to investors. I am needing to know of websites where you can list these types of investment properties for sale. Any help would be appreciated. Thanks

Seller carry-back on property sale - how to report on taxes? I have a situation where I sold a property but took on a "seller note" to carry some of the purchase price. How do I report this on my taxes? Interest income for the interest paid to me and Investment expense deduction for the interest I paid on the note I am still paying for the property? OR can I net the two and only report the net as interest income (more advantageous, but not sure if its right). Thank you.

What is the best way to foreclose on an investment property without ending with debt & taxes? My realtor is trying to short sale this property, but a bankruptcy attorney recently suggested allowing it to foreclose and for me to file bankruptcy to avoid any debts & taxes. Is bankruptcy the only option for not ending up with a mountain of debts. I'm presently unemployed.

~'~'##'hi all im looking for a website that have investment property with planning/ refurb etc thanks all hi all im looking for a website that deal with investment property...land for sale...houses with planning or refurbishment...i used to be a member of plot finder.net but after paying them a years membership found that most of the properties they listed were with agents who wanted further money to release contact details...thanks to all that answer and have a greatday

How do I report interest in 2006 for an investment property sold in 2005? Hi. I received a 1098 substitute form in the amount of $2000 for interest on an investment property loan. Funny thing is, I sold that property on Dec 30, 2005. So for my 2005 tax return, I submitted a form 4797 for the sale of the property. So maybe the loan wasn't paid off right away and interest accumulated in 2006. The 2006 interest must have been paid from the closing costs… after the closing on Dec 30, I did not personally pay for any additional expenses on the property. So how do I report what would normally be a business expense of $2000 for a property that I never owned in 2006? Or maybe I should not include the 1098 in my 2006 return since I did not pay anything on that loan in 2006??? Thanks for any good advice.

time needed to officially own investment property in order to sell for capital loss? how long do you have to own investment property in order to take a capital loss with tax benefits on the sale of the property?

Thinking of buying an Investment property in Invercargill New Zealand.? We are thinking of buying an Investment Property in Invercargill. With the Real Estate prices that we have seen there and the exchange rates against the N.Z dollar, it seems to us like a good investment. Can any of the locals give us some idea of which areas might be better locations than the others. We have seen several properties online for sale in Appleby, they seem very cheap, is there a reason for this? Any help would be gratefully appreciated.

i have an investment property that is having a short sale will i receive a 1099s from the bank? the mortage company told me that bush's economic package made it where homeowners and investors will not get 1099 for a short sale over the next 3 years

Can I rent a short sale property to the previous owner? I am thinking of purchasing two condos. One for myself and one for an investment. Right now there is a lady living in one that I could potentially get for around a 50% discount to market highs. If I do buy is there anything saying I can't rent it out to the previous owner? and would the banks not sell it to me if they got word of this? I can't think of any reason why this would be prohibited but I thought it would be worthwhile to ask. I am only hoping the lady could afford the rent.

Have been asking Chase Bank for short sale since Jan 14. If not 4closure is imminent, should we pay prop tax? Husband lost his job in Dec. Just had a baby in Dec. Prop is investment property in FL with tenants who if approved want the short sale. Property tax .... to pay or not to pay in light of short sale or foreclosure? Also .. Any advice on how to get Chase to lean toward short sale?

Funding for "Investment Property" which will eventually be our retirement home? Any help? Here's the situation: My husband and I currently have a primary residence in North Dakota which we have a mortgage on (monthly payment is $823). We plan to retire in 15 years. For the past year we have been looking at property for sale with or without a residence on it to have set up as our primary residence in retirement. This last week we found it. Its perfect, everything we want for our family, upstate New York, 5 acres, stream, surrounded by apple & peach orchards, 1/4 from Lake Ontario, across the street from a state park, 15 minutes from Amish Country, huge barn, etc. Currently there are renters in the property and it is For Sale By Owner. The property is selling for $155k and the current owners bought it for $145k 3 years ago. We believe it is reasonably priced. Our credit score is between 760-770 and have a low debt ratio (no car payments, no credit debt, one small 3 year loan under 7k that we got for our parents to consolidate their loans and they pay on time.) I think we have formed a good repore with the sellers. This is their second home as well, they live out of state. I have talked to a handful of banks and we are definitely preapproved. The down fall is that they are considering this an investment property because there are currently renters in the home whom we have agreed that they will stay for no longer than a year, then becoming our vacation home until we can retire there. Is there anyway around this "investment" classification that the lenders are calling it. For 14 out of the 15 years it will be a vacation home until we can make it our primary residence. With the lenders classification the lending falls under more strict rules. For example we will have to have 20% down, plus closing costs, totaling about 42k due at closing. That's a lot of money! But we want to get in now because I know as we speak mortgage lending practices are tightening and new rules are being put into place. With this and inflation we want to get in now before it will cost us even more money. Our plan would be to have it paid off by the time we retire. Please anyone with any ideas/advice would be helpful. We are open to non-traditional ideas like "assuming a loan" or the like. Here is what we have been given by the banks thus far: 30 year fixed pay 2 points 6.625 interest rate 20 % down Payment around $1070 a month Thanks in advance. I would like to add a few more details and thank you to all who have helped in answering my question thus far. The current owners own the house in full, so there is no mortgage. Also, I know they want to sell this house so they can use the money from equity for their new house. We haven't put in an offer yet but they have already told us they are firm on the price, 155k and that they have already reduced it by 15k. I do believe it is a great deal at 155k. Hope these minor details help. Keep coming with the good advice.

what does this:NNN Lease Investment 8.58% CAP rate, 37.60% IRR. Debt services with 25% down at 6.25%, mean? it's an investment property for sale for 335,000

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For how long can I keep a property which I buy for investment? I`m kind it new on this and I want to know if I can sale a property that I just buy a month ago, my actual loan is interest only no pmi, this house is a fixer upper. than you for all your help!!

I want to stop paying mortgage on my upside-down investment property. What is going to happen? I purchased my investment condo for 192K with 40K down payment. Similar condos in the same building are for sale for 80K right now. I will not be able to recover my money in my life time. The mortgage is not bad and I can afford to pay it, but financially it makes no sense. I also will not be able to make a short sale since there are so many properties for sale, and so few buyers. What can the bank do besides foreclosure? What will I own after all is said and done?

for how long can I keep a property which I buy for investment? I`m kind it new on this and I want to know if I can sale a property that I just buy a month ago, my actual loan is interest only no pmi, this house is a fixer upper. than you for all your help!!

what are the best the newspapers to advertise to europeans investors interested in purchasing US real estate? we have multifamily investment property for sale in the northeastern US.

How can I sell an investment property in Detroit. Nice area. House are selling around it.But I'm inexperienced? Looking for short sale or anything. This property was supposed to be out of my hands by now, but because of family issues I still have it. NEED HELP! Investors, LLC's welcome. It's a single residential home.

Foreclosed home in Detroit (aka the Home of Slim Shady, the New Darfur, Kwameville) on sale for $1? ? Foreclosure fallout: Houses go for a $1 Ron French / The Detroit News DETROIT -- One dollar can get you a large soda at McDonald's, a used VHS movie at 7-Eleven or a house in Detroit. The fact that a home on the city's east side was listed for $1 recently shows how depressed the real estate market has become in one of America's poorest big cities. And it still took 19 days to find a buyer. Advertisement The sale price of the home may be an anomaly, but illustrates both the depths of the foreclosure crisis in Detroit and the rapid scuttling of vacant homes in some of the city's impoverished neighborhoods. The home, at 8111 Traverse Street, a few blocks from Detroit City Airport, was the nicest house on the block when it sold for $65,000 in November 2006, said neighbor Carl Upshaw. But the home was foreclosed last summer, and it wasn't long until "the vultures closed in," Upshaw said. "The siding was the first to go. Then they took the fence. Then they broke in and took everything else." The company hired to manage the home and sell it, the Bearing Group, boarded up the home only to find the boards stolen and used to board up another abandoned home nearby. Scrappers tore out the copper plumbing, the furnace and the light fixtures, taking everything of value, including the kitchen sink. "It about doesn't make sense to put the family out," Upshaw said. "Once people are gone, you're gonna lose the house in this neighborhood." Tuesday, the home was wide open. Doors leading into the kitchen and the basement were missing, and the front windows had been smashed. Weeds grew chest-high, and charred remains marked a spot where the garage recently burned. Put on the market in January for $1,100, the house had no lookers other than the squatters who sometimes stayed there at night. Facing $4,000 in back taxes and a large unpaid water bill, the bank that owned the property lowered the price to $1. $1 sale to cost bank $10,000 While it's not unusual for $1 to be exchanged when property is transferred for legal reasons, listing a home in the Multiple Listing Service for $1 was surprising and unsettling to Kent Colpaert, the listing real estate agent for the property. "I've never seen a home listed for $1," Colpaert said. "But it's been hit hard: It's just a shell." On Tuesday, Realtor.com listed one other single-family home, one duplex and one empty lot at $1 in Detroit. Dollar property sales are the financial hangover from the foreclosure crisis, said Anthony Viola of Realty Corp. of America in Cleveland. Lenders that made loans to unqualified buyers during the height of the subprime market now find themselves the owners of whole neighborhoods of vacant, deteriorating homes. "No one has much sympathy for these banks that made subprime loans," Viola said. "And in some cities like Cleveland, judges aren't letting them sit on the properties -- they're ordering them to tear them down or sell them." So desperate was the bank owner of 8111 Traverse Street to unload the property that it agreed to pay $2,500 in sales commission and another $1,000 bonus for closing the $1 sale; the bank also will pay $500 of the buyer's closing costs. Throw in back taxes and a water bill, and unloading the house will cost the bank about $10,000. "It doesn't make sense in some neighborhoods to keep paying costs and costs," Colpaert said. "It can make more financial sense to give it away." Buyer calls it an investment Colpaert declined to provide the name of the prospective purchaser, because the deal had not been through closing. The agent did say that the buyer agreed to pay the full list price of $1, and planned to pay cash. The buyer, a local woman, considers the home to be an investment property and will not live there, Colpaert said, though exactly how soon the buyer can expect to recoup her four-quarter investment is questionable. Replacing the guts of the house will costs tens of thousands of dollars, and the owner will have trouble keeping scrappers from stealing the improvements as quickly as they're installed. Home demolition costs about $5,000, Colpaert said. Meanwhile, the new owner will owe $3,900 in property taxes in 2009 on her dollar purchase unless she challenges the tax assessment. While selling a home for the amount of change most people could find between their couch cushions is unusual, some abandoned homes in Detroit sell for $100; vacant lots can be purchased for $300. "My 14-year-old son could buy a block of Detroit property," said Ann Laciura, senior servicing specialist for the Bearing Group. http://www.detnews.com/apps/pbcs.dll/art... How shameful is this? This house got sold in 2006 for under $70,000, yet the buyers still couldn't afford mortgage so it got foreclosed. After the bank took back the property, the house was in such bad shape that it got boarded up and no one even stepped foot into the property. Deciding that it was such a big liability, the bank decided to sell it for $1. Detroit is in such a bad shape it's funny. What do you think we could ever do to rebuild this city? http://www.detnews.com/apps/pbcs.dll/article?AID=/20080813/METRO/808130360

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I have an investment in property in West Linn OR that I need to short sale but I am worried...? I bought the condo for $102k and I am thinking I may not get what I paid for it. I live in California and I know that investment property laws are different in each state. I'm just nervous the lenders are going to go after my assets or if I am going to be heavily taxed on anything negative. Any similar experiences or advice?

Would this be a good way to get into property investment? Story: Have seen a few properties for sale at between $110,000 and $120,000 in regional Victoria which claim to have a past rental price of $150. Current tennant etc etc. After doing a few quick searches I found out that according to the latest figures, regional victoria is growing at a faster rate (1.9% growth compared to .9 for melb from memory). One important thing I did read was that unoccupied rental properties were scarcer in regional vic. Higher demand in regional areas. My Idea: Save $30,000 a year for 4 years T = $120,000 (easily do-able) Take $120,000 and buy one house outright so there would be no martgage. At the same time, buy another house with finance ($110,000 loan). Then rent both houses out for roughly $150 pw each. According to basic online repayment calulators, repayments on a $110,000 10 year loan at about 9% would be roughly around $300. So rent from both properties would cover repayments. Then just wait and let other people pay the mortgage and after 10 years I end up with 2 houses for the prices of 1. Does this all seem do-able? And yes i realise that there will be times when they are vacant and not bringing in rent, but since I wont personally be paying any mortgage I still will have disposable income and so will be able to cover repayments during tougher times. There must be a lot that I missing as this all seems quite easy. Seems to me like a good way to get your foot in door. Can someone bring me down to reality? Thanks in advance Obviously its not $300 a month.... its $300 a week. Though u might have picked that up when I said I'd get $300 PER WEEK rent from both houses. and since I will (after the first 4 years) go back to saving $30,000 a year I should have no troubles covering insurance and taxes, and times of vacancy etcetc... bull - I dont mean $1500 a month...i mean $150 per week ($600 per month). So both together $300 per week ($1200 per month).

Property and Investment Questions!? I need to do this question, so i'll just type out the whole thing: Go into www.realestate.com.au and select the 'Resources and information' option, followed by the 'Home Buying Information' Answer the questions below: a) What is meant by the term 'buying off the plan'? b) What simple rules for investing in property are suggested under the property section? c) Does this site only offer residential properties for sale? Explain. d) Why do you believe real estate sites such as this one have become so popular in recent years with people seeking to invest money in property? e) Give this site a rating out of 10 based on how easy it is to navigate, its presentation and the relavenace of informaton contaied on the site. The site doesn't lead to where its supposed to (cos it was changed) but any attempts to answer these questions would be appreciated =) cheers!

Investment property? currently i live in a house that was turned into 2 apartments. it is up for sale and i would like to purchase it. the rent paid by the one apartment is enough to cover the payment (which would include insurance and taxes). my question is ive heard of ppl buying properties with little or no down payment how is that done? a friend told me that w/ a credit score of 620 u can get 100% financing is that true? I was not saying my credit score was 620. I know that I am able to get the loan w/ my credit and the down payment money but if im able to do it w/ less down payment i can use the money for a few minor repairs that need done.

SAVE CAPITAL GAIN TAX ON SALE OF PROPERTY? I bought a Flat in 1995 for Rs 4,50,000 and sold it in 2010 for Rs 40,00,000. What will be the Capital Gains Tax liability? Are there any Investment options so that I can save on this Tax? I do not have any other income in India.

if i have 4 investment properties and a primary with free and clear. can i still do short sale on a investment? can lender go after me for deficiency for a short sale?

can investment properties be sold as "short sale"? I have few investment homes and condos. They are all rented but the mortgage ballace is much higher than the current market value. Is there a way that I can sell these as a short sale. In other wards, I just want to get rid of all these properties and not pay any thing from my pocket without foreclosure. Is it possible? Thanks for your advise.

How do you get a local real estate investment club to learn about your house for sale? I have a house for sale at an excellent price, no realtors involved, and want real estate investors to take note. How can I persuade the person in charge of our local real estate club to distribute my e-mail regarding my property? They get solicited all the time, I'm sure. I already e-mailed my property offer and photos to the generic property investment club e-mail address, is this enough? Will they distribute it to all of their members?

For property investment, which is better option resale condo or new HDB for sale ? I want to buy real estate property in Singapore, which is better option to go for... resale condo or new HDB or resale HDB flat?

Do you think a lot of people with US visas are overstaying now in order to get amnesty and become legit? No; visa overstaying is illegal, criminal, and the receipient is inelgible for amnesty! US Immigration Visas http://www.immigrationqna.com/ Green Card in One Year With the long delay in the processing of family-based and 3rd preference employment-based visas, a viable option for investors who want to immigrate to the U.S. fast is the EB-5 category. Under this category, the investor can invest $500,000 and he and his family may obtain their conditional green cards in less than a year. The money must have been obtained through lawful means such as gift, loan, investment, sale of property or inheritance. The EB-5 category was created in 1990 for those who could invest $1 million (or $500,000 under certain circumstances) in a new commercial enterprise that create at least 10 full-time jobs. 10,000 visas are allotted annually.I Initially, only a few availed of the benefit because of the restrictive requirements. In 1993, a pilot program was established which allowed more flexibility in complying with the requirements. This attracted more applicants. The pilot program designated “regional centers” that could participate in the immigrant investor visa program. These regional centers are allotted 5,000 of the 10,000 EB-5 visas available. This program expires on September 30, 2008. The regional centers currently approved by the USCIS to participate in the program are located in Pennsylvania, California, South Dakota, Washington, Louisiana, Vermont, Texas, Wisconsin, Iowa and Alabama. “Regional centers” can satisfy the job creation requirement by counting not only the direct jobs created as a result of the investor’s investment but also indirect jobs created in related industries. This means that the investor does not have to hire 10 persons himself. The investor is not required to manage his investment on a daily basis as he can be just a limited partner. As a limited partner, he will only be required to get involved in policy activities. There is also no requirement as to business training and experience or language skills. To obtain the green card, the investor has to file Form I-526, Immigrant Petition by Alien Entrepreneur and once it is approved, he is interviewed by a U.S. Consul abroad. If he is in the U.S. he may file for adjustment of status. Upon passing the consular interview or the adjustment of status interview, the investor is granted a conditional green card for 2 years. To remove the condition, he must submit Form I-829, Petition by Entrepreneur to Remove Condition about 3 months prior to the expiration of his green card. He will have to demonstrate that he has satisfied all the requirements of the investor program. Tancredo's Brilliant Plan for Stopping Illegal Immigration and Reducing Job Loss http://www.forthecause.us/ftc-n-muller-051017-AnsweringYourQuestionsOnHR3333.shtml

What is statute of limitations in Ohio for deficiency judgment from foreclosure on investment property? I'm trying to determine how long a creditor can come after you for a deficiency judgment if you've had a foreclsoure on an investment home in Ohio. I found Ohio Revised Code 2329.08 (see below). Any thoughts? I am having trouble interpreting the grouping of the OR's in the law. Not sure if one had to live in the property themselves for some time. Thanks. 2329.08 Limitation of enforcement of deficiency judgment - waiver - pending actions. Any judgment for money rendered in a court of record in this state upon any indebtedness which is secured or evidenced by a mortgage, or other instrument in the nature of a mortgage, on real property or any interest therein, upon which real property there has been located a dwelling or dwellings for not more than two families which has been used in whole or in part as a home or farm dwelling or which at any time was held as a homestead by the person who executed or assumed such mortgage or other instrument, or which has been held by such person as a homesite, shall be unenforceable as to any deficiency remaining due thereon, after the expiration of two years from the date of the confirmation of any judicial sale of such property completed subsequent to the rendition of such judgment. Any execution issued upon such judgment, or any action or proceeding in aid of execution, or in the nature thereof, or to marshal liens, commenced prior to the expiration of such two year period, shall not be affected by this section. This section does not affect any action or proceeding in the nature of a creditor’s bill, commenced within such two year period, to subject the interest of the judgment debtor in any property owned at the date of such judgment and concealed with intent to hinder, delay, or defraud creditors.

I am interested in investing in real estate. Are buying properties through tax sales a good investment? From what I've found out, it is possible to purchase property for the back taxes that are owed, but unpaid. I would like information on how to find these properties and how to purchase them. I think there's an auction. Do I have to attend the auction in person, or is it possible to purchase online, like on ebay? I live in the central area of California (Fresno). Is the procedure different for different areas of the state or country? Is there a website where I can go to obtain more information on this subject for my area? Any information you can provide would greatly help. Thank you.

How do I register the intellectual property of an investment project? I have finished an investment project for a Logistics Activities Area. It's more or less like a group of warehouses providing services as 3rd party logistics providers for companies in international commerce. It is oriented to trucking, because it's the main (almost only) transport mode in Mercosur. I need to register the intellectual property before starting to offer it for sale. I live in Uruguay but I intend to sell the project worldwide. How do i register it? Is it valid to register it as a book? May I register at least the layout of the complex and the architecture? I am the only author of the project, which is my thesis work in Industrial Engineering. 1. Where do you want to register? At the Mercosur countries (Argentina, Brazil, Paraguay and Uruguay), the USA and in Europe (at least Italy and Spain which are the most active here) 2. What do you want to register? The market research, the business plan, the architecture (incuding the layout and the designs of the warehouses) and the refrigerated warehouse design. 3. How do you plan to use the IP? I want to sell it to any company that works as 3PL provider, transfering my rights to them.

Can my spouse buy a house if I'm undergoing foreclosure or short-sale on a property acquired before marriage? Before we got married, I bought a house in LV, NV. My husband and I currently reside in that house but I don't know for how much longer since I purchased that house on a sub-prime loan. I'm undergoing foreclosure mediation to either negotiate for price reduction, modification, or just short-sale. In any case, my husband would like to buy a house in LA, CA as a first time buyer. Is there a way that he can use his 675 credit score and our incomes to purchase the home, without my bad credit adversely affect his loan eligibility? I've read different posts about options, but I seek clarification and advice on the best course of action. One, he could purchase as a married man solely on the loan and title, and I quit claim. Two, he could form a corporation and purchase the property as corporate expense, which cuts me out of the picture. Three, a third party could purchase and quit claim the house to us. Four, he could purchase as an investment property (not sure if he gets first time buyer credit for that?), arrange someone to default on the mortgage so that we can get the deed in lieu. Please clarify.

Please Help!! Equity Line Short Sale Property Tax Question? Okay - I bought a home 3 years ago on an ARM. I have since refinanced to a loan and have a 1st mortgage that is interest only fixed until 2013 at 6.25% and an equity line that is adjustable at about 9%. I currently rent the home and that covers the mortgage payments entirely, but does not give me enough $$ to cover taxes and insurance, which are together about $9,000 a year. I don't have an extra $9,000, so I've been paying the taxes out of my equity line. I now owe close to or just over what the home is worth...I have about 60k left on the equity line, but I'm scared to keep using it to pay for taxes and repairs. The home is has 3 units and is in a college town 3 blocks from the beach, so it's a great investment, but I'm thinking I might have to short sell it even though I've never missed a payment...I can't afford the taxes! Do I stick it out until 2013 and hope that my equity will have exceeded the money I used on the equity line for taxes, or should I short sell it now? Actually, I have 30k left on my equity line, not 60k. Thank you to everyone for advice!

dampness in a property for sale? We have seen a victorian property to buy and was told to us that it had a dampness issue(and could see damp staines on the walls and some where between the joint of the ceiling and wall) and the current landloard is ready to put a damp proof course. I am not sure to how much this would get fixed and we are concerned whether it would become a headache later. Some of the other issues were some of the windows were not double glazed (around 7 big windows)and and some of the window frames were roting we should definely be replaced. Could anyone throw some light as to whether taking a property with dampness issue be a risky investment ? What would be the cost for replacing windows to double glazed with replacement to the wood on the window frames too?

Can we buy home or investment property while under ch13? We were mixed up in a Florida fraud mortgage deal through an out of state purchase. We decided to try and fight for our rights by contacting all the government agencies hoping to see some justice. We sent our proof documentation and complaints in and still nothing after almost one year. We received notices our case is being investigated, but how long does this take? We are on a ch13 payment plan. If we did a short sale could we buy else where if someone gave us a monetary gift to invest, or do we need to put our investment under another family members name?

I am a real estate agent in FLorida. can i buy investment property for myself and collect a commission check? am i entitled to a commission for a property purchased for a personal investment? it will be a sale but it will completely be worked for my benefit

I have an investment property and can not rent for the amount close to mortgage and HOA. I don't earn much? I am planning to put for SHOER Sale. Will that affect to my day to day life?

how to sell investment property fast? In Houston Texas with a 2000 sq ft house needing renovation due to fire damage, there's also a 600 sq ft house on the property which is inhabital. priced for quick sale at $50K.

My home was sold in a trustee sale on the 20th of Jan. It looks like an Investment/Property Mngmt bought ..? in the auction. The following day they put a note on my door to call, I did. They property supervisor in charge Im assuming the one I talk to in regards to moving, etc is very nice and willing to work with me. Now he is telling me they can get me 1,500 for moving my the 8th of March. The truth, I need more time because I now have a foreclosure on my credit file and it is looking difficult to rent an apartment right away. I need them to give me until APril sometime, especially becasue I have a child in elementart school and need as much time as possible. What is the appropriate thing to say in this situation that to demand more time. Pls dont mention attorneyss, the truth I do not have the time or extra cash to hiring attorneys; I need advice/guidance what to say because they are trying to get me to sign a stipulation to be out my march5th. Help! what can I say to get more time. also I was thinking in telling them I have a cousin living at the home with me and she needs to find a place to live as well.. I just need feedback/advice pls??? p.s. My property is in California, LA County

how can i avoid penalty when selling investment property? As in a house that has been inherited, and is payed off. if i were to sell it, it would be entirely profit for me. Now, to avoid giving uncle sam his cut, I've been told that the sale amount must be invested into another real property so as to avoid penalty. Now, I'm wondering if i could invest in a trust fund of some sort to avoid paying a penalty and not have to invest into another property.

I have an investment property that's leased to a tennant. How / when do I sell it? The lease runs out in April. Since investors have left the real estate market, any potential buyers will probably want an unoccupied home they can move into. Do I put it up for sale in January, or wait until closer to the date that the lease runs out? Should I not renew the tennant's lease? Then I am losing $1200 / month while I try to sell it. Any suggestions?

How do I report gains from the sale of an investment property I rehabbed and flipped? I bought a fixer-upper. I never lived in it or rented it. I made many improvements and repairs to the property. I also incurred expenses when I sold the property about 8 months later. Where do I report the expenses and gains from the sale on my income taxes?

can the sale of an investment property be financed by a living trust ? I would like to sell an investment property. There is no outstanding loan on the property. I also have a living trust. Can I sell the property but have it financed via my living trust ? Or do I need to put the property in my trust before selling and financing ?

What's the best Property investment : Frankston or Sale? Hi, the bank told I could barrow another 160 000 dollars so i am looking to get an investment propert in Frankston or in Sale ? What do you think knowing that Sale is of course much cheaper ...Is it beter to invest in a small house, or a unit or building ? Thanks.

how do I start a Short sale. It is my investment property? Can not pay the mortgage

In Offer in Compromise (IRS) how to show an investment property currently on short sale with no equity at all?

tax impact from short sale vs forclosure to investment property? how the defult amount if mortgee is shoret sale or forcloser is less than the loan amount

Reinvesting the captial gains from an investment property into another property? How does that work? Is it true that if you use the capital from the sale of an investment property and put that towards another property that you will not be taxed on the capital gains via tax? How does this work exactly? And can you use the capital gains toward any type of property such as a primary residence or a second home or does it have to be toward another investment property to avoid paying capital gains tax on those proceeds?

Can I transfer proceeds from an Investment property to another without being taxed? I currrently own 2 properties and I'm interested in selling one of them. My question is can I take the proceeds from the sale and investment it to the other property (paying down a mortgage, paying off a second mortgage) and defer the capital gains taxes?

Can I use profit from an investment sale to payoff a home equity loan to avoid capital gains tax? I recently sold an investment property with some profit and if I use this money to payoff an home equity line on my primary residence, will I have to pay taxes on it?

If I do a "Short Sale" on my investment property, will it affect my credit report in negative way?

Sale of Jointly held residential property with mother-now can make investment jointly with Husband? Husband is working and want to avail benefit of Hous.loan int.deduct. & wife want to save LTCG on sale of old resi. property by investimg in new resi. property

Do you still have to report to the IRS when you go on short sale or foreclosure when is a investment property.?

What is the effects of letting an investment property go into foreclosure? I have been trying to find out what happens when letting an investment property go. Is it the same as a normal foreclosure or short sale, where you get taxed on the difference? Or is there some other route this takes. Just a question not my situation!

Can I write off interest/depreciation or other shortfalls on international investment property on my US tax? I have an investment property abroad, and it is cashflow negative. I've heard that I can only write off deductions on my US tax at sale, not annually like I would if it were a US property. Can I write off these deductions on my US income tax?

How can I avoid paying capital gains tax on the sale of a rental property? My parents are selling an investment property to me. How will they avoid CGT? does anyone have any advice please?

Is a 1031 exchange possible with a currently owned property? Typical exchange 1031 involves the subsequent purchase of a property after a sale. My situation is a little different. I want to apply the gain on the sale of one investment property, against a mortgage balance on a second investment property which I currently own. Would that transaction be allowed as a 1031 exchange?

In the short sale process why is it necessary to deed over the property and give power of attorney to the inv? I'm currently in preforeclosure and I've obtained the services of an investment group to get rid of my property through a short sale. I met with them and they informed me that as part of the short sale process I needed to give them power of attorney over that property and I needed to deed the property over to them. When I asked why this was necessary the answers I was given really didn't make any sense. My question is, is this part of the short sale process?

I am writing a sales letter to sell a book on single property and multi family property investment- what are? what are some key points that i should include in the letter that would get people to buy the book on the ins and outs of property management and real estate invesment?

i own an investment property and would like to give it to my son, how do i do it?? an investment appreciated $50,000 more than the original price. i took depreciation and rental for the last 3 years and now, would like to "give" or sale it to my son. how do i do it legally and what is the consequences on taxes?

Is CAP RATE relavant for a 4-plex investment property? I am trying to decide what to offer on a 4-plex for sale. Should cap rate be used? Or just cashflow?

how can foreclosure on an investment affect my personal finances? i am 2 months delinquent on an investment property. i am considering short sale but it it goes to foreclosure how could that affect me personally? the investment home is in my name and our primary residence is in both our names but we are changing into only my husbands name. and what about our savings account?

Is the tax law on investment property changing soon regarding the live-there-2-of-the-last-5-years rule? Currently IRC Section 121 allows a taxpayer to exclude up to $250,000.00 of gain ($500,000.00 if married filing jointly) from the sale or exchange of a principal residence, provided the principal residence must have been owned and used as such for an aggregate of two or more years during the five year period ending on the date of the sale. I was recently told that rule may be changing in 2009.

Do you want to buy a bargin investment property in Turkey this year?!? PROPERTY DETAILS ON PROPERTYINDEX.COM TYPE IN REF:HS1135732 PRICE DROP TO £28000 FOR A QUICK SALE.WILL PERSONALLY TAKE YOU THROUGH THE BUYING PROCESS.PLEASE EMAIL ME ANY FURTHER QUESTIONS YOU MIGHT HAVE,THANKS.

What's the risk to the buyer of somone's 1031 exchange property? My husband and I are looking for a single family home to purchase as our primary residence. An ad for a home that looks appealing to us indicates: "Buyer to participate in 1031 exchange." I understand the basic principle that a 1031 exchange is a way for the owner of a business or investment property to sell the property and re-invest the money in a new business or investment property without having to pay capital gains taxes on the sale of the original property. However, what I don't understand is what the risk, if any, would be to me and my husband were we to purchase someone's investment property as our primary residence in this type of situation. Is it simply a matter that we would have to agree to be in escrow until the seller locates and purchases his "like-kind" exchange property? Or is there more to it than that?

German Property Investment - Tax? I hold British and German passports. If I bought a property in Germany as an investment, would I be liable to pay tax on the rental income and on the sale of the property in the future? If so, how much?

Eagle Properties, a real estate investment and sales firm, presents a form contract to its customer Floyd, who? Eagle Properties, a real estate investment and sales firm, presents a form contract to its customer Floyd, who wants to buy a certain quarter acre of land in a proposed housing subdivision that Eagle, is marketing. Eagle does not pressure Floyd to sign a contract, but offers its form on a take-it-or-leave basis. If Floyd signs the form, is it enforceable?

I invested in LLC that built homes for sale. Bank foreclosed on property. I lost 100% Is this tax deductable? I was approached by a friend in 2005 who was building / selling luxury real estate in Colorado. He had been doing this for several years, and needed investors to fund several new homes for sale. I, along with about 10 other investors gave him money. We put our money into a pot, structured as an LLC. Basically, when the housing market tanked, he couldn't sell the house. Ultimately, the property was foreclosed upon and 10 of the 11 investors were out 100% of their principal. 1 investor, the first principal, was able to pull out his initial investment. My question is this - since this was an investment property, am I able to write this principal off for tax purposes? I assume I am (by assume I mean hope) but I haven't been able to find a definite answer on the IRS website. Would be greatful for any answers or ideas on where to look for answers. Wow. I've got some great responses - thanks all. I just wanted to clarify one earlier question. I was an investor in the LLC, not a partner. The way the contract was structured was that I, and others, loaned the LLC money and we were supposed to see a fixed return on investment. In my case 20%. I however, got no return, and no principal back. So, in essence, lost 100% of the investment.

What tax form(s) to file for property sold abroad? Help what forms to file for my fedral return? The home was a residence for 3+ years -not an investment property. I have already paid taxes related to the sale in England and am at a loss of how to add it to my US taxes. Thanks.

How to advertise property for sale in US? I want to advertise properties to the US market. The properties are located in the south pacifc and can be investments or property for people looking to migrate to the region. Are there any avenues to list these advertisements? I am thinking of websites ro agencies I guess but happy to receive recommendations.

Serious Advice Only: With investment property when do u cut ur loses and let the houses go back to the bank? Had investment properties 4 over 7 years and have been profitable for 5 1/2 of those 7 years. However, after the mortgage companies let everyone w/ no credit or bad credit get home loans...all that's left 2 rent is the scum in Memphis, TN. We've had 5 houses vacant out of 7 for months, get renters & after 1st month they don't pay their rent, they know the eviction law and how long it takes 2 get them out, it costs us $ 2 put out, u can't ruin their credit cause they don't have much of one, don't care, if u try 2 garnish their wages...they just quit their jobs. We've poured all our personal $ over the past 1 1/2 yr. into keeping our credit in good standings, paying 7 mortgages, repairs, insurance, taxes plus our own personal mortgage and expenses. We have borrowed money recently 2 keep them afloat, but when do u abandon ship? Credit will be ruined, mortgage co. will come after us 4 difference in owed amount & sale price...we just want out before we're bankrupt...their 4 sale also.

Possible to reduce capital gains tax on home sale? My parents are selling their investment property to fund their retirement. However upon my calculations they are looking at a 45K hit in capital gains. I was going to suggest that upon selling they use a seller financed mortgage so that they will not be taxed on the full amount at once along with providing them a steady investment without any risk. Would this work? What if they incoming payments were put directly into a Roth...would this still be taxable income? Is there any way to reduce this amount?

How does a short sale work? I have a investment property (three unit) and need to sell immeditley. How does a short sale work and do most realtors handel short sales?

Can i give my house to my sister without doing a purchase/sale transaction? I own a 2nd house (investment property in california) that i wana sell to my sister. Instead of doing a sale/purchase can we just change the title to her name and then refinance the house with her being the borrower instead. Because if i sell it to her the goverment will tax me 25% since its an investment property.

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.........

What taxes should I expect from selling an investment property? Here is my situation: I own a property I am renting out. I've owned it for 3 years now. The tenants wish to buy it from me. I'm not opposed. I know I will have to pay capital gains taxes. I believe the taxes I pay is tax on the profit of the sale, the profit being the selling price, minus the basis. The basis being the amount I paid plus the amount of any improvements I have made, minus any improvements I have already deducted, correct? So for example: I paid 100k for it. I put 40k worth of improvement into it. I've already deducted 20k off my prior years taxes. I sell for 200k. I'd pay taxes on 80k worth of capital gains, yes? (200k - (100k + 40k - 20k)) That being asked, since it is a long-term investment (over 1 year) the taxes should be... what? the maximum of 15%? Or am I wrong in assuming that. Just trying to get my ducks in a row before I make any decisions. Regarding the tax professional... what might someone expect to pay for that kind of advice? I've never consulted a tax professional before and have no idea what something like that might cost. Thanks

Can I do a 1031 exchange with money from the sale of a long-term lease? I have a long-term lease on a large commercial building. I'd like to sell this lease and re-invest the money in the purchase of an investment property. Do I qualify for a 1031 exchange in this case?

House inspection on investment property caught some rot underneath the master bathtub.? The inspector said that the joists need to be replaced or sistered- several contractors disagreed and said only the subfloor needs replacement. Im going to be renovating and selling the house but who should i believe, and when i sell this house in a few months, would another inspection by a new buyer hold the sale up and force me to replace these even though a contractor says they are fine?

Can bank financing be secured to buyout a partner in investment real estate property? My mother and uncle (her brother) inherited an investment property. This is not a rental property, but the property will have considerable worth upon its sale. If my mother wanted to buyout my uncle's share today with the intent to sell within 3-6 months, could she secure financing from a bank for this purpose? I assume we'd have to prove to the bank that the property would be profitable (in this case, upon its sale). This is raw land with lake frontage. It is the only raw land on the lake. We have been approved to divide the land into 2 lots (my mother and uncle will divide the proceeds from each 50-50). There is 100% equity, as it was inherited (and we got the cost-basis step up too, which will help with taxes if we don't use a 1031 exchange to purchase a new investment property).

Question about loans and taxes on real estate investment property? I own an investment property that I paid of 39K. The property is worth 60K giving me a loan to value of 65%. If I take out a second loan on the property to do some repairs for 9K giving me a total loan to value of 80% ((39K + 9K)/60K) of the value and then sell the property for 52K, what do I pay takes on? Is it the difference of the sales price of 52K minus loan 1 of 39K or is it the difference of the sales price of 52K minus loan 1 of 39 K minus loan 2 of 9K? Thanks Alex in Memphis, TN