Federal Housing Tax Credit Explained

If I was to buy a 4 units for $32,000

break it up 4 condos

then sell it to a guy for $8000 per unit

then buy it back from him for $2,000 because he rather have the cash

in the good old days 70 years ago u grew old u got sik and u died why do we have to change this by giving spongers a better life they dont deserve

What a great way to get out of the rental arena..

Do you know if your landlord is actually sending your rent check to the bank.

It's not uncommon for landlords to take tenants money and not send the mortgage payment to the bank.

Your house ends up in foreclosure and the tenant ends up with no place to live.

I work with renters/first time homebuyers. You can reach me at 888-575-7767. It's a 24/7 informational line. Talk to a human if you'd like

Congratulations. But it's still an awful idea.

@watcherkatt just wait till govt runs healthcare

The longer it takes to receive the tax credit, the more interest they will pay you for the time that you had to wait. So if you are not in need of the money, it really is a good thing for you. :)

Ha! I've got an accepted offer on a home that is 10 grand below the house right next to it with the exact floor plan... it's the cheapest house in the neighborhood but is the largest as well :) can't beat 72$ /sq foot!!!! WOOOOO GOBAMMA!!

yo I was wondering if I can still get that first time home buyer credit even if I recieve social security benefits due to a passing of a family member?

double post cause i comment this way u can call me a newb but im glad cause u feed me the fuel to keep my fire burning and its burning

we are already over built the notion that we need more houses is a completely uniformed assumption. when the pendulum swings far in one direction it always swings back the other way. govt interference is downright market manipulation a house is a terrible investment especially in todays market