Questions
I Have Been Reading Some Books By Real Estate Guru, Robert Allen(Nothing Down For The 2000's And Multiple Streams Of Income) And Have The Following Questions:
1) Is Robert Allen Well Respected In The Real Estate Industry And Would You Recommend His Books And Techniques?
2) If I Sign An Offer-To-Purchase-Agreement With The Words
And/Or Assigns Would It Be Legal For You Me To "Flip" Or Sell This Property At A Higher Price To Another Party During This Escrow Period? For Example, I Find A Bargain Property At $150,000 And Give The Owner An Earnest-Money-Check For $500 And Am Set To Close The Deal In 60 Days; During This 60 Day Escrow Period, A Third Party Offers To Purchase This Property For $158,000; Could I Sell My "Position" To This New Buyer And Pocket The $8,000 Profit?
3) If I Had An Option To Purchase A Below-The-Market-Home Within A 4-Month-Period(For $325,000) But Found Another Buyer (Next Page)
Who Would Pay $350,000, Could I Legally Pocket The $25,000 Profit?
4) Are Tax-Lien-Certificates A Good Investment?
5) What Is The Difference Between A Tax-Lien And A Tax Deed?
6) If I Buy A Tax Deed, Would I Be Able To Set The Interest Rate (It Seems That The Localities Set The Interest Rates For The Tax-Lien-Certificates (For Example, The City Of Baltimore Pays 24%).
What is your income tax question?
Looks like all your questions belong in different forums.