Maybe you can catch the next one.We're in high gear in our NNO planning.

The equity guy would have to recover $80k from the asset to even catch up to the debt guy.

The catch is that the next property has to be of higher value and has to be purchased relatively quickly after the sale of the first house.

It catches my attention that your FIL is a GC.

A title company will perform the search for you, so if there is a problem, they are expected to catch it.

Furthermore, if I make a mistake I only have myself to answer to...... unless my wife also catches it :)& NOW the only annual performance review I need to endure is that of our CPA.

I can see how that allows you to catch the good deals.

Hello all -I've spent some time familiarizing myself with the BP website and catching up on Josh/Brandon's podcasts for the past month or so, and decided it's about time to introduce myself to the community!

The sale of the home is considered to be for health reasons if the taxpayer's primary reason for selling the home is to obtain medical attention (diagnosis, cure, mitigation, or treatment), or to obtain medical or personal care for a qualified individual suffering from a disease, illness, or injury.Unforeseen circumstances may include: an involuntary conversion (destruction or condemnation of home), unemployment, the inability to pay basic living expenses, or a change in living arrangement such as a divorce or legal separation or multiple births resulting from the same pregnancy, and other reasons to the extent provided in regulationsThe taxpayer's exclusion would have been disallowed because of the "more than one home sold during a 2-year period" rule, except that the taxpayer sold the home due to and of the three reasons listed above.The taxpayer otherwise qualifies for the sale of home exclusion, but there was a period of nonqualified use during which the home was not used as a principal residence (effective for tax years beginning after December 31, 2008).Example: John bought his first home in 2003.

A Title company can help you find that out after you have the property under contract - yes, kind of a catch 22 but the way I've written up those type of contracts are:1.)