Posted by Jerry Martin NC on August 16, 2003 at 04:17:59:
Have your people sign an assignment and send it to IRS. The check will come to you. There is probablly an IRS form for it.
Thinking out loud. - Posted by Dee-Texas
Posted by Dee-Texas on August 15, 2003 at 21:20:36:
In the small town where I am, it’s getting harder and harder to find someone with * borderline* credit that can come up with decent option money.
I’ve been told this before but never thought about it much. Most all of the ones that want the house but don’t have the downpayment says they get $4-5K at tax time and that they will give me that for option money.
Now…just thinking here…if I could get $100.00 per month added to rent and then have some sort of contract, etc that their refund check would come to me? I would be getting $100.00 extra on a promissory note with the note being paid off when they get their check…the problem is making sure that check comes to me.
I know the banks do it if they can prove they are getting X amount of money, then the bank fronts them money and then the IRS refund comes to the bank…anyone know how this might work…??
Thanks to All.
Great $uccess,
Dee-Texas