Quote from @John Laseter: Good morning all, Saturday afternoon a gentleman knocked on my door and produced a postcard that I had sent to his house offering to buy it.

The contract he signed with them was extremely pro seller, and I think he figured he would eventually foreclose/evict them and we would never know.The guy was a joke, fraud charges were filed by the DA on him, but going after him for any money would have been a waste of time.

This requires research and time which once I did using excel files and pen and paper.

What if a married individual has income of $200k+ but the spouse is not in workforce, so that is the total income. i.e below the $300k limit for married filing jointly.

AS well they are both stable and producing quite a bit of monthly income.

AS well they are both stable and producing quite a bit of monthly income.

Since this was your primary residence 2 of the last 5 years you would be exempt from taxes on a sale up to $250k in profit ($500k if married filing jointly).

Is to close both loans at the same time, usually the Hard Money lender will want the PML 2nd lien lender to sign a subordination agreement to make sure that they are in 2nd position, because Texas is a 1st to file state, you could run into a situation where your 2nd lien goes to the courthouse 1st, and files 1st.2.

What do you think about my other strategy of doing seg study and bonus depreciation on all my rentals for the year 2023 (have not filed it yet) to do the following:1- To get a bigger loss carried forward to 2024 to offset the sale of 3 properties instead of 2 in 2024. 2- Or, Since I married a realtor this year 2024 (and we passed the IRS active participation test together), I can activate that loophole, use whatever loss (bigger lost if we can use the seg study) is left over from the sale of the property to offset my high  W-2 wages (way over the $150K threshold) in 2024. 

It is common for many auctions to get called off at the last minute because people will file a court paper to get the auction stopped.