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it’s simply income that you have to report
is it listed as a assignment fee on the buyers side of the hud? ive HEARD that some lenders dont like that. as far as taxes, for clarification, are you ever given a 1099 or requested to show the tax number, or is it, strictly up to you, like you said? im not being redundant, just wanted a little more clarification.
you should always be paid on the buyer’s side of the hud-1
you will always handle your own taxes
where is your assignment fee listed on a hud-1 form, or IS it listed on there? do they request your tax payer id number at closing for tax purposes or do you have to handle that yourself?
Yes, you simply explain it when you going over the contract with the seller. It’s “earnest money”
How do I present the $10 for consideration? During the agreement with the seller, do I just place it in his hands? And where is the $10 for consideration mentioned in the agreement?
that’s wats up
just earnest money, $10 normally
you dont have to put any cash down
Get the man’s course and have him help you get those deals. If they’re good deals they won’t last long and you’ll be kicking yourself for not acting on them. ; )
great bizness give 10 dollars to get 5k lol not bad at all
Thanks, check your messages
You know your stuff..I’m frustrated cause I see great deals in my area but I don’t have the funds to lock them in, but I have the skill to do much of the repair work..Help I need direction..