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Posted by Real Estate Investor on Jun 28 | Real Estate Investing Chatter
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and If you are to purchase a block of land or house that states 'Must be Owner Occupied', does this mean forever? I am looking into blocks of land or houses to have as potential investment properties. A lot of the ones I am looking at say ‘Must be Owner Occupied’ or ‘Owner Occupied only’. Does this mean I could never rent it out, even if I lived there for 6 months?
Any knowledge in this area would be very much appreciated.
Cheers,
Sophie, more
and Does a Federal Tax Lien on the house affect both owners? A friend has a house he purchased with his now ex-wife. He failed to pay his income taxes after the divorce and now has a Federal Tax lien on the house. He wants to sell his house but the house is worth less than the lien. We found a form to fill out to get the lien released with the ability to sell the house for less with 2 independent appraisals. My question is his ex-wife is still on the deed of the house. Will she get half the profit from the house prior to the IRS getting the remainder or does she loose any right to any of the money because of soley his problems? Does the IRS recognize dual ownership where only one person is in Tax default or are both people screwed?, more
How much time would it take to pack up a two bedroom condo? We’ve lived here for 7 years so we’ve accumulated quite a bit of “stuff.” My husband doesn’t want boxes laying around for weeks so I need to wait until the last possbile minute to pack everything up. How long do you think it would take?, more
and can our landlord turn off air conditioner unit because we still owe months rent? , more
Tags: bank owned, real estate investing, investing advice, homes
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