investment: Michigan Investors - Homebuyer Tax Credit as balloon payment - 11/11/09 03:52 AM
Investors - Land Contracts & Homebuyer Tax Credit as Balloon Some investors are doing land contracts with very little down, and including language in the contract that requires a balloon payment based on their Homebuyer Tax Credit.
If buyers qualify for this credit, (a tax professional should evaluate), they can file an amended 2008 return to claim it as soon as they close on a home.
Generally, investors are buying foreclosed homes, fixing up the home to very liveable, move-in condition, and selling them on land contract for around twice their investment.
Many land contract buyers have solid employment, but due … (0 comments)

investment: Buyers: Looking for a great deal under $30,000? - 10/24/09 03:39 AM
Many buyers search the internet with the intention of getting a fantastic deal under $30,000.  There are some great deals out there.  There are also a lot of homes in this price range that really need a bulldozer!
If you are seriously thinking of pursuing a home in this price range:
Number 1: You must be ready to buy the property when it comes on the market.  If you are a cash buyer, you will have an edge.  Many Michigan properties have defects (most common- damage due to freezing - broken pipes, damaged water heaters, broken well pumps, water tanks, etc.)
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investment: Landlord Forms & Info Links - for (New) Landlord Clients- Michigan - 07/27/08 04:47 AM
If you have clients who are thinking about investing in Michigan properties as rentals, you may want to pass these links on to them for Landlord Forms & Information.
Michigan Landlord Tenant Guide (includes sample forms)
http://www.senate.michigan.gov/gop/publications/Tenants%20and%20Landlords.pdf
 
Forms for Use in Landlord-Tenant and Land Contract Matters (Michigan Courts Website):
http://courts.michigan.gov/scao/courtforms/landlord-tenantlandcontract/ltlindex.htm
 
Landlord-Tenant - Self Help (Michigan Courts Website):
http://courts.michigan.gov/scao/selfhelp/landlord/lt_help.htm
 (Not to be confused with legal advice! - Lynn)
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Lynn Afton, REALTOR® Near Big Rapids, MI, Mecosta County (Greenridge Realty Oakmont)

Lynn Afton

REALTOR® Near Big Rapids, MI, Mecosta County

Big Rapids, MI

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Greenridge Realty Oakmont

Address: Greenridge Realty Oakmont, 1003 N. State Street, Big Rapids, MI, 49307

Mobile: (231) 349-9191

Above & Beyond the Expected! Welcome to Lynn's Blog where you will find Real estate related information, including homes for sale. Serving Big Rapids, Michigan, and the area counties of Mecosta, Newaygo, Osceola, Lake, Montcalm & Kent County





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