Tag Archives: amount of money

Advice for a life time renter wanting to buy a house, any help?

My Dad and I live together. He is recently widowed, as I lost my mother last year. We want to do what my mom’s dream was, and that’s to own a home. Here’s the situation though, we are pretty clueless about what to do to get the best deal, and if we’ll be able to get a house in the first place. The reason why we are nervous is because my Dad is 52(i’m 21) and just from my assumptions, most mortgage companies will probably turn us down for a 30 year loan due to my Dad’s age, and I don’t think we could afford 15 years. We have a significant amount of money to put down, but the problem is, we don’t make that much in overall annual income. My Dad alone brings in about $30,000 and I’m looking/hoping to bring in about 5,000-10,000 this year. Any advice or help for us first time buyers, would be highly appreciated.

Can I avoid How can I avoid paying capital gains taxes on a house I’ve lived in for 18 months?

I want to move before the 2 year “residenancy” period, but am willing to pay the mortgage on the house while renting another place to live until the 2 years is up. Also, what unforeseen circumstances qualify for capital gains tax exclusion? Does having a baby and not being able to afford to stay in the house qualify? The bottom line is I am deseprate to move but don’t want to screw myself by owing Uncle Sam a huge amount of money on my home sale.

how do you go about leasing a business that is already established.?

the business is a local store/gas station and the owner wants to retire out. He is willing to lease or sale. since we have never owned a store before we wanted to lease for acouple of yrs then consider buying .what we dont understand is the stock that is in the store now do we buy it out or does it come as part of the lease and how do we 4 of us quit our jobs immediately and have a income. and also does he get a profit from the stores sales or is this all to be our profit once the store is leased?We wanted to save extra monthly to come up with the collaterl to buy this being that it is a large amount of money… is there a lease to own or could the owner do his own financing without us going to the bank We do own homes but do not want to use them as collateral. any lease information would be greatly appreciated.

Best way to locate debtor’s assets to file liens against?

Regrettably, a friend we loaned a substantial amount of money (in excess of 50K) has turned out to be less than honorable.

We now find ourselves with little choice but to take necessary actions to protect/recover what money we can from this loan. We have promisory notes but did not secure them against assets. We live in CO as does our ex-friend (although he and his wife have put his home up for sale).

What are the best resources on the Internet to:
1) help ID/locate available assests of this individual that do not already have liens against them (e.g. home, auto, business, investments, bank accounts, etc). Because this was a friendship loan, we didn’t have the smarts to get his SS# (suggestions how how to get it?)

2) to help defray legal costs, what efforts can we do ourselves, from on-line resources and otherwise, to begin this whole process (e.g. necessary forms to file, education on how best to file motions, obtain judgments, etc)

Thx. in advance for any help you can provide.