Similarly, the sale ($575K) minus your adjusted basis determines your capital gain.You may qualify for the primary residence exclusion (up to $250K single/$500K married) if you lived there 2 of the last 5 years.

In the last 18 months various states have instituted new rules, regulations or laws related to (1) need for licensure to wholesale (2) restrictions on marketing of a property in which you do not have ownership and (3) disclosure requirements when dealing with a homeowner that makes it clear to the homeowner that the contact signed with the wholesaler is not a definitive “sales” contract, therefore making it less likely home owners will sign4.

I'd love an opportunity to meet up soon.

I’d simply ask in what situations where the broker and the brokers firm did nothing to facilitate the sale do you think you should get paid a commission?

At the time of sale, we would amend our existing mortgage to ensure the sold property is no longer collateral for that mortage. 

Hello BP Community,I have a cash deal opportunity and I've never done a cash deal before. 

It is much more difficult to sell an entire portfolio that has become uninsurable (which would require a cash only sale) or that insurance rates are so high that no one wants to buy. 

We have explored disposing of the asset multiple times and the same comes up during sale.  

--- The worst condition a property is in, the fewer buyers interested, so the bigger opportunity it respresents. 

Your new ARV(after repair value) should be supported by an adequate amount of comparable sales in the area(duplex's).