Misc News

In the purchase of real estate, an investor can use a double closing to make a profit on a transaction between two other parties without taking title to the property. The investor needs to find a willing buyer and seller and a title company that will do a double closing. Here is how it typically works.

1
The investor enters into a contract (Contract A) to purchase a property (at a lower price).

2
Then the investor contracts with a buyer (Contract B) to purchase the property at a higher price than the in Contract A.

3
At this stage, the investor can assign the Contract A to the end buyer for a fee and be done. But in order to conceal the profit made from the seller, the investor may opt to go through with the double close.

4

The 1031 Exchange has been cited as the most powerful wealth building tool still available to taxpayers. It has been a major part of the success strategy of countless financial wizards and real estate gurus. Taking its name from Section 1031 of the Internal Revenue Code, a tax-deferred exchange allows a taxpayer to sell income, investment or business property and replace it with a like-kind property.Says C. Grant Conness, President, 1031 Alternatives Group

I have one ticket to The Edge 11 that I will not be able to use due to neck surgery. So sad about this. I am not able to fly in from North Carolina due to the pain. If you need a ticket I am happy to sell at a discount! Hope I can help someone out!
Please PM me.

I am looking for someone to partner with in the Pittsburgh Area. I believe that it is easier to do something if you have someone to work with, someone who can share ideas, provide different views, and someone who wants to enjoy building a future.

I am located in Butler which is about 40 miles north of Pittsburgh.

I work in the financial services industry, plus I have a couple other ventures I am developing.

If your interested, leave a message here and I will get in contact with you

Its after 1:00 pm pst and I am signing in late. I was looking for my weekly Dean "fix". I must confess I have a compulsive addictive nature when it comes to some things. I hope Dean is ok because I would be at a definite loss without him. Just wanted you to know how important you are in peoples lives and especially mine. Take care now. You trained me well to come back for more.

This article comes from Scott Meyers. The article can be found at: http://www.reiclub.com/art/print.php?article=five-principles-success

Principle # 1 – Overcome Fear of Failure
Probably the greatest obstacle to getting started in any business venture is that demon we call FEAR. I have seen many people that have been defeated by the fear of failure.

I was wondering do anyone know about rent to own properties. If you get a rent to own property can you rent it out or do you have to live in it yourself.

Pone

im just getting started in real estate investing im now placing my orders to get some business card made up. im brain storming to see what all should i put on it.

so far this is what it looks like: my name.......
Real estate investor
phone number
email address
my picture

Is that good or should i also include an headline for example: Selling! Buying! or whatever your real estate needs are Call me. It never hurts to ask!!

I purchased my house on Feb 17th. 2010.

I used the first time home buyer tax credit and received my rebate.

It is a 2/1 and we are getting ready to have our second child and the house is too small.

I would like to rent it out or sell it but according to the info I was given, the house must be owner occupied until February of 2013 or I have to pay back the money.

Is there any way I can get around this and not have to pay back the money?

I need a three bedroom house and I would like lower payments than what I am currently paying.

Suggestions please!

http://portal.hud.gov/hudportal/HUD?src=/press/press_releases_media_advi...

FHA EXTENDS 'ANTI-FLIPPING WAIVER' TO HELP STABLIZE HOUSING MARKET

Measure continues effort to boost home values and accelerate resale of vacant properties
WASHINGTON - In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, Federal Housing Administration (FHA) Commissioner David H. Stevens today extended FHA's temporary waiver of the agency's 'anti-flipping rule.' The extension announced today is intended to accelerate the resale of foreclosed upon homes in neighborhoods struggling to overcome possible property abandonment and blight.