Posts Tagged ‘Good Advice’

What business type should I start my real estate investment company as?

Tuesday, December 30th, 2008
real estate
bigmacfann asked:


I need some good advice on whether I should start my California-based real estate investment company as a sole proprietorship, a partnership of some sort, or some kind of a corporation. The general purpose of this company is to purchase and rent out residential and commercial real estate. Any help would be greatly appreciated.

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Posted in Renting Real Estate | 2 Comments »

How do part time real estate agent make money when their not selling homes?

Sunday, September 28th, 2008
real estate
JRS300 asked:


I’m freshly into real estate. I’m curious as to how other people make a living when the market is down and you have no homes listed with you being sold. Even full time agents also. What type of ways do you find income rather than selling a home. I would like any EXPERIENCED real estate person to answer. I know everyone says don’t get into real estate becuase its 100% commission, but I love it. But I need some good advice. Please help. Thank you.

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Posted in Renting Real Estate | 4 Comments »

Is it better to lease a car or take out a bank loan?

Monday, December 17th, 2007
leases
roberta j asked:


Im thinking about getting a car, but I don’t want to be making payments on it for the next 20 years. Someone suggested that I lease and someone else said that I should take out a loan. I have a car that I bought from an auction that runs good and a car that I bought from someone from a dealer. So I haven’t had to make payments on any of my cars. SOMEONE please give me some good advice on what I should do.

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Posted in Buying & Selling | 4 Comments »

We are buying a foreclosure home and Attorney couldn’t get one document?

Sunday, October 21st, 2007
home foreclosure
G.H.CURTISS asked:


This was a trust form, that showed the signatures that signed of the foreclosure had a right to do so.The attorney refuses sign off on the property(legal reputation). He has said That most likely no problem and title company will give free and clear title. Anybody run into this before or have any good advice?
We hired the attorney for home closure

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Posted in Renting Real Estate | 2 Comments »

How do I report interest in 2006 for an investment property sold in 2005?

Saturday, September 29th, 2007
Dan N asked:


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.

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Posted in United States | 2 Comments »

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