Will I lose my house after my 6 investment properties are foreclosed on. How can I keep my home.I’m self empld?

Thursday, June 19th, 2008

Staci K asked: I own a small construction company. Work has been slow. My credit cards are maxed out and I am about to not be able to pay the 7 mortgages I have. (4 houses have been unrented on and off). I want to at least keep my primary residence for my kids. I [...]

How canI purchase investment properties without them all being on my credit?

Sunday, December 16th, 2007

bjiou1978 asked: I want to purchase homes, rehab them and rent them out. How do I go about getting more properties if the houses that I already have are affecting my credit (income/debit ratio, credit score etc). Is there a way that I can start a legal business name and have all properties under the [...]

I have 2 investment properties in Euclid, Ohio.How do I determine the basis and depreciation for tax purposes.

Wednesday, October 31st, 2007

moor questions asked: I bought first property for $119,000 in September of 2005 and the second property for $127,000 in January of 2006. When I used tax filing software to do my taxes for 2005 and again for 2006,the software indicated that I had zero depreciation for both years.What am I doing [...]

Should I sell or finance my investment properties?

Saturday, October 28th, 2006

meanracoon asked: I have four houses that I bought to rehab they have been rehabbed and I am trying to sell them. I need some capital to move on to my next venture and currently have no note on thes properties. I am wondering should I finance them to get the cash I [...]