Net effect, typically, means distributions are not taxed in current year, but do lower your basis resulting in larger tax bill upon sale.Depreciation reflected in the net gain/loss from rental box on K-1.  

Ignore the noise of higher cost = higher value or lower cost = low value.  

Do I need to run this transaction through my broker since it is not going on the MLS?

A buyer's agent often knows the seller's agent from previous transactions and knows how they work and there usually would not be a question about this.2.

Lenders will finance up to 80% of the appraised value, so if the value does come in lower, that will result in a lower loan amount. 

For tax purposes, the profit is calculated as the sale price minus the cost basis (purchase price + renovations + transaction costs).

A balanced market is typically around 6 months of inventory, so a lower number represents a seller's market with limited inventory.——————————————————————————————————📢 Second Largest In-N-Out Burger ConfirmedIn-N-Out is bringing a retro vibe to the Strip!

Either1) your startup takes off and you can distribute profit fast enough to pay off your debts, or2) you find another source of $100,000 a year (which barely even starts to pay down the $300k, but might provide a better chance for a better loan), or3) you BK and possibly lose the rental houses to creditors (hopefully not, but we don’t know how they are held), or 4) you sell the houses, take the tax hit, work with the IRS on a payment plan whose interest will be much lower than your CCs, and focus on the startup.  

FHA rates are actually lower than conventional right now even though there is a monthly mortgage insurance it’s not much in most cases.

Quote from @Godsheritage Adeoye: Hello everyone,Does anyone have recommendations for a title company in Maryland that specializes in handling seller-financed transactions?