Paul, read the rules quit posting Didn't you notice other agents don't post their numbers, websites and emails? what do you think you are just so much more clever, you are the first one to think of that? read the good neighbor policy, follow it. Also, this thread is one year old nearly, think they really need your advice now?
REDC auctions at least so far, have not been good deals. Most of the homes don't sell, the seller doesn't take the highest auction price, as the auctions are not absolute. Most of the ones that do sell, are actually only average deals or worse from the history of the ones i've seen here. If you are talking about foreclosure auctions, what I said earlier applies. Don't criticize honest advice if it doesn't make you happy, shooting the messenger when you don't like the message isn't very smart.And, I'm sure, dozens of agents will be happy to tell you "oh yeah, its easy its great, contact me and you will get a spectacular deal." [see below for an example] They will get a sale, you will get a money pit.
When an agent says "i know of an agent" you can rest assured he/she is going to get a referral check for sending you to someone. I could do it too, I can call a few agents picked at random, and get an agreement for them to pay me for sending you to them.IGNORE anyone on zillow who either:1. wants to refer you to an agent. or2. begs for your business. Soliciting is against the zillow good neighbor policy, putting your email or phone number in a post is against the policy.Do you want an agent who can't even abide by simple rules? flagging your postst to get links deleted with an embarrassing [deleted by moderator for violating rules] comment on them. READ the policy, and abide by it.
Actually, the tax credit says you qualify if you have not..."owned a principal residence during the three-year period prior to the purchase."You may qualify if you have treated this property as an investment property for tax purposes all along. The govt page about this is here: linkyIt would be nice, if an agent could take five minutes to research a question, before answering it, don't you think??? right Judy?
Do you mean foreclosure auctions?you will need someone local to advise you. Also, you will need to educate yourself as to what the risks are, such as buying a home at auction on a second lien, when you will still be responsible for the first lien, or buying a home that has/ might still get mechanic's liens, and estimating or finding out delinquent property taxes, or other title issue.Also, in az you will need cash in 24 hours to purchase the property, so a mortgage is out of the question, and you won't be able to inspect it first. Basically, if you need to ask this kind of question, you are not the type of person who should consider this at all.
"help the economy" you know you can't really say that. Sure, GDP increases right now, but nobody has accounted for the worse economy down the line when the bills, and the interest on them has to be repaid...
Vegas Purchase to Rental Investment good or Bad?
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