Archive for April, 2009



We had a rental property last year for only 6 months. Should we add this on our 2007 taxes?

Monday 27 April 2009 @ 2:12 pm
property
RickyRicardo asked:

We purchased a new home, moved out of the old house, rented the old house and then put it on the market. We also rented it for 380 less than our mortgage payment. It sold 6 months later. How will this affect our taxes if we add it as an invvestment property. Should we even bother having it as an investment property?




Where do I start on the property ladder in Britain?

Sunday 26 April 2009 @ 6:44 am
property
tezsa asked:

Im interested in trying to get a house though I dont know anything about property, mortgages & everything else. Truth is I dont know where to start so my question is how do I begin on the property ladder. I dont have any major savings & I do agency work most of the time so my income varies all the time.

Would I need to get a full-time job? Im finding it difficult to pursue my creative work without working part-time. Is there some good reading on this subject that can help? Im 40 so I need to get out of this renting situation. I live in London alone & it’s costing me a fortune for very little. Many thanks.




Property tax and Mortgage interest deduction on marital property when divorced?

Saturday 25 April 2009 @ 6:52 pm
property
Evan asked:

I am divorced and am paying the full mortage payment and property tax for a home purchased during the marriage. My ex does not work and does not contribute to any of these payments. Can I take the full property tax and interest deduction for tax purposes?




How to compute Income on house property for my let out/rented property which is purchased through hous?

Saturday 25 April 2009 @ 3:20 am
property
KimpurushA asked:

How to compute Income on house property for my let out/rented property which is purchased through housing loan?




How large is the Property Service Connection leading out of the house?

Saturday 25 April 2009 @ 1:57 am
property
Kingston asked:

I was just wondering, approximately how large is the Property Service Connection that leads out of the house? The Property Service Connection is the pipe that goes from your house (it’s essentially the main drainage pipe that leads out of the house, from the sinks, bathtubs, toilets, etc.)
So does anyone have an approximation of how large the diameter is?




How much property tax does a person pay in different Connecticut towns?

Friday 24 April 2009 @ 6:36 pm
property
rockmyworldredsox asked:

I want to buy a house in a couple of year so I want to research it now. If I were to buy a house today I want to know what Connecticut towns offer a better property tax rate then others especially in south eastern Connecticut. Also do certain things raise or lower the tax? Or even if anyone knows where I can find this information.




What is the best way to attract a developer to a property you are trying to sell?

Thursday 23 April 2009 @ 11:06 am
property
Velveeta asked:

I own a 4-plex with a friend of mine in Minnesota, in an area that is still in “transition”, but is starting to be developed. We don’t live in Minnesota, and have had a LOT of challenges keeping the property going, due to excessive inspections (lead based paint, fire, etc.), problems with tenants, etc. If we sold the property outright, right now, we would not be able to recoup our losses. We would like to attract a developer to the property, which is slated for redevelopment which has already begun, in order to be able to break even on our “investment”. We have lots of ideas ourselves for what a developer could do. Should we start our own website for the property, and then place an ad in the local finance and commerce magazine, to attract developers? Would it help to share our ideas with developers? The county and city were going to send out a joint “request for proposal” to developers for the property on either side of us, but have decided to wait.




What happens if you pay your property taxes late?

Wednesday 15 April 2009 @ 1:14 pm
property
Candygirl23 asked:

I just don’t have the lump sum to pay them all at once and there was no escrows on my property. What is the latest that I can pay my property taxes without facing a serious penalty?




What financial obligation does property Tax lien investors have during the 1 year redemption period?

Monday 13 April 2009 @ 10:57 pm
property
T L asked:

After winning the tax lien auction and paying the promised amount + misc fees, what other financial obligation does property Tax lien investors have during the 1 year redemption period if there is an outstanding mortgage on the property?




Can a property manager charge a fee for calling contractors for you in the state of Florida?

Saturday 11 April 2009 @ 5:44 am
property
TBONE asked:

I am a real estate investor, but need to use property managers because of my primary job. They charge a standard 10% of all rents collected plus 1/2 of the first month’s rent for leasing. One charges 10% of money expended for repairs and rehabs, unless I call them myself. Another has stated that this is illegal in FL.

If it is illegal, can you reference which FL Statute covers this? Thanx.




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