Federal Housing Tax Credit explained

The longer it takes to receive the tax credit, the more interest they will pay you for the time that you had to wait. So if you are not in need of the money, it really is a good thing for you. :)

If I was to buy a 4 units for $32,000
break it up 4 condos
then sell it to a guy for $8000 per unit
then buy it back from him for $2,000 because he rather have the cash

@watcherkatt just wait till govt runs healthcare

Ha! I've got an accepted offer on a home that is 10 grand below the house right next to it with the exact floor plan... it's the cheapest house in the neighborhood but is the largest as well :) can't beat 72$ /sq foot!!!! WOOOOO GOBAMMA!!

Congratulations.  But it's still an awful idea.

yo I was wondering if I can still get that first time home buyer credit even if I recieve social security benefits due to a passing of a family member?

double post cause i comment this way u can call me a newb but im glad cause u feed me the fuel to keep my fire burning and its burning

ha! i get my 8k in my bank by the end of this month!! GOBAMA!

The tax credit is helping but it needs to be extended and expanded. HOUSING=JOBS!

we are already over built the notion that we need more houses is a completely uniformed assumption. when the pendulum swings far in one direction it always swings back the other way. govt interference is downright market manipulation a house is a terrible investment especially in todays market