This was my reply to someone who I reached out to, to buy their house. The question was "How does this work"? Anytime someone has a question, I figure they are not the "Lone Ranger" so I like to share my responses in this way. It will answer a few of your questions and of course, you may also contact me by phone, set an appointment, or use the contact form on this page.
Hello Lisa!
Thanks for your request for more information about your property located __________ . .
According to our research, you are an absentee owner and have had it for a while so I thought that I would reach out to you.
If we find a solution that works for Robert, you, and me, we move forward.
With Home - Allover House Buying we work with sellers and investors across the USA, we may flip, hold and invest, sell the note or sell through a realtor after we’ve had it for a while… whatever (that’s on our side). I would imagine that you only want to know about “how this works for you”, but I wanted to give your complete transparency so you can see the overview.
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And finally, people like you who own investment property and getting the “short end of the stick” because... you could be taking money out of your properties which you do not need to repay. I say the "short end of the stick" because your accountant and CPAs typically do not share this because it changes so often that they cannot do justice for their clients with it. By the time they jump through the hoops, the tax incentive or other program has expired so it is not worth the time for them to educate themselves. I am a Senior Advisor with Stryde Solutions and our business keeps track of government programs which are updated daily. (Here is an article that was written about me and Stryde Solutions recently gmg.me/news/overcoming-the-labor-shortage/251784.