Depends...It depends on you overall tax bracket with other investments, earnings and business losses to offset income.

He did provide a ton of valuable information and, as he said, he is not looking to sell you some huge program. 8)

Why read this for so many people have loss their homes due to ARM's recently.

I would have approved your offer and you would have been closing 30 days later, but then again I am in REO not Loss Mitt.

I think they better get with the steroids program.

Must include Quick marketing plan, Short Sales program and most of all Investor network to cash them out quickly.

I've calculated out the cost of a vacant unit and it would take 20 months of market rent vs. my rent to recover the loss of 1 month of vacancy.

The LLC would pass the ordinary loss on to the owners of the LLC.

JonathanSB 761 was created to prevent just exactly what you want to do. better to focus on loss mitigation in my opinion. they do NOT want you to be able to buy someone's house and lease it back to them. that was their whole intent when writing that law.with that being said, i'd recommend taking some training from Bruce Norton.

I've been interested in r.e. for quite some time (I even bought the Carlton Sheets program on cassette, b/4 cds existed!)