Archive for January, 2008
Tuesday, January 29th, 2008
LAD asked: I am a California resident. Do I entere the amount on Schedule A as well as Schedule E? Turbo tax ask me for the amount in both location. However, at the end, it seems that the total mortgage interest is higher than the amount received on my 1098.
I have a four-plex and I live in one of the units. For instance, if I paid interest of $20,000 for the year, do I report only $15,000 on Schedule E and report the $5,000 on Schedule A? Should I entered $20,000 on both questions for Turbo Tax to calculater the income for rental property as well as the ‘credit’ section for Turbo tax?
Please help me out with this? Is this also applicable for the property taxes paid during the year?
I appreciate your advice.
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Tags: Advice, California Resident, Mortgage California, Mortgage Interest, Property Taxes
Posted in United States | 3 Comments »
Monday, January 28th, 2008
MissyEl asked: Does anyone know anything about the Mirmar Landing community in Baltimore, Md. The homes are already built, is the price still negotiable even though they are finished?
Do you still need a home inspector?
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Tags: Baltimore Md, Buying A Home, Home Inspector, Ryland
Posted in Renting Real Estate | 1 Comment »
Sunday, January 27th, 2008
DetroitDiesel asked: Can I stipulate, that all future income generated from rents and leases of premarital real property be solely mine? Would this have any trouble holding up in court?
Kansieo.com
Tags: Leases, Prenuptual, Protect Assets, Rents
Posted in Law Ethics | 6 Comments »
Saturday, January 26th, 2008
hmmmmm. asked: While the house market is falling?
The vaule of homes in the city and state has fallen 65%?
How is this possible.
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Posted in United States | 6 Comments »
Friday, January 25th, 2008
Bright Future Penguin asked: I am very interested in making money in real estate. I would like to learn what, if any, difference there is between real esate investing, and owning rental property. Also, how do I get started and make a profit rather than messing up the process and losing my money? I’d really like to hear from experienced people who have made money doing these things and find out how they did it, how they learned the business, etc.
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Tags: Making Money, Owning Rental Property, Real Esate, Real Estate Investing
Posted in Renting Real Estate | 7 Comments »
Friday, January 25th, 2008
Tracer asked: good tenants are easy Some are not A middle man is needed when the landlord is soft WHEN tenants cry then do the same thing over agin I just hate evictions In twenty five ive done three of them It no
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Tags: Agin, Landlord, Landlords, Middle Man
Posted in Renting Real Estate | No Comments »
Friday, January 25th, 2008
asked: so here’s the deal.we recently decided to buy a home,our real estate agent took us to see 6 house’s out those six we choose 4 (all were foreclosure’s) to put offers…the next day our agent
“j” tells us that they put offers on the homes we
selected..here’s the problem..we never signed anything,i told him wtf how does that work?he said that we wont sign anything until we receive either a counter offer or they accept.i asked him what the offer was he said sellers pay six percentof closing cost and 3 percent down payment(f.h.a loan)..
is that legal what he did? is it even possible without my signature..if i choose to fire “j” will that have an effect on my loan ? were in california by the way.
any help will do
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Tags: Closing Cost, Foreclosure, Fraud, Real Estate Agent, Signature
Posted in Renting Real Estate | 4 Comments »
Thursday, January 24th, 2008
Meg asked: I owe $413,00 on my home. I believe it will sell for in foreclosure $270,000- $300,000. I am very concerned I will owe a ton more money that I can not afford to pay! I have been in contact with the mortgage company but they can’t tell me. Will I just owe this money for the rest of my life!? What tax % is taxed on the difference?
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Tags: Money, Mortgage Company, Rest Of My Life, Va Foreclosure
Posted in Renting Real Estate | 6 Comments »
Thursday, January 24th, 2008
eliander asked: First you will have to pay for their ticket back home. It is your tax money and then they jump back over. Ok. Maybe it is worth it because they will cease to take your job away from you? Has that happened? Why wasn’t the employer punished? Maybe LEGAL immigrants take away your job because they are more highly skilled? Will it improve your health care by illegals not flooding ER? You will still pay your quota to the PRIVATE insurance companies, no? Maybe you will get better education because schools are flooded with illegals? How about reversing Affirmative Action then? Please feel free to write long answers.
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Tags: Affirmative Action, Insurance, Job, Quota
Posted in Immigration | 11 Comments »
