But I have no animosity toward stupid people.There is a paradigm shift occurring and smart Realtors will prosper.As for the NAR, they might want to watch the unfolding plight of the UAW and other once-monopolistic unions.

It looks like there is a good chance my end buyer may not come through with financing for some reason.In my assignment contract it says" Closing is to occur on or before August 7th."

I don't know if someone is trying to pull a fast one, but I can't see how something like this can occur in such a manner.

But it occured to me it might just be a whole heck of a lot easier to wholesale it (and carry the paper) to him and let him handle all the hassles.

This usually occurs when the debtor has declared bankruptcy or the cost of pursuing further action in an attempt to collect the debt exceeds the debt itself.The debt is immediately written off by crediting the debtor 's account and therefore eliminating any balance remaining in that account.

A quick note on Wordpress.

Obviously, expenses that do not occur on a monthly basis and may or may not occur can only be averaged or guesstimated.For that very reason, along with a few others, I personally do not use this rule.I have a reserve account set aside for capital expenses and possible future vacancies.

Additional info to my above post that I forgot to add.I'm planning to allow the buyers to claim the tax deductions for the payments they make, taxes, insurance--this will be written up by the attorney....my understanding from title co we present them with our purchase agreement and they send to the atty for the prep of the REC then the final pkg is held by an escrow that collects the payments until the "buy out" of the contract occurs in 2.5 years.Is there a better way to structure this and or what should I be aware of tax wise on this?

There is a slight chance you can accomplish both, but only if the following scenario has occurred and can be substantiated.

It just will take a little learning.Some examples of CMS systems are WordPress (www.wordpress.org), Joomla (www.joomla.org) and Drupal (www.drupal.org).I would definitely consider these.