Hey all, I was wondering if any of you guys in here are currently or have recently done any sub to / seller financing deals. If so, where/how did you find distressed and motivated sellers that were willing to do those...

No one on this forum will be able to answer his question unless he wants to provide his income tax information.Capital gains at the federal level is either 0%, 15% or 20%.He may have capital gain carryoversIt may potentially be considered a business and subject to ordinary income which would be at his marginal tax rates.No one knows where the flip is done or in what state which impacts his state income exposure.

I would love any and all information about the subject.

@Simon Stahl @Todd Dexheimer The LLC is subject to the franchise tax, but you could use a DST in California and avoid the $800 per year franchise tax and get asset protection.

Subject to the terms and provisions of this Lease, Landlord leases the Premises to Tenant from twelve o’clock noon on ____________________, 20______ until 11:59 p.m. on ________________________, 20_____ or ___ on a month-to-month basis (the “Term”).Emphasis is mine.

This means you would still get the 200% MACRS on most/all assets that would otherwise be subject to bonus depreciation.Funnily enough, Ohio is not one of these states for my tax preparer friends who are looking for another reason not to work with Ohio :) (I live/work in Ohio, it's a wacky time).

We might have 3 offers out at the same time, subject to.  

- and the answer is something like "Well, you don't know that for 100% certain, that's one of the risks, but publicly traded stocks are subject to all kinds of regulations and the scrutiny of public sentiment.

Randy Sir I just want to say thank you very much for sharing your perspective and experience on the subject, for me it is very important to know what you the more experience investors in the house think, so as to be guided by your advise and experience, thank you very much on3c again Randy--James 

Passive does have a definition from an IRS standpoint, but to everyone else: passive is a subjective term.