You would recognize your depreciation recapture income taxes immediately.

This is proven by the actions of those which are looked up to in Amarillo.I'm not trying to pick a fight with you, Ryan.

Though i do recognize that in some instances an interest only mortage may make sense, i would discrouage these type of loans.

recently i've partnered with a long time colleague that has the influence to pick up any proect nationwide... realistically it takes 4-6 month to move units but with the shortgage of investors going to take 2wice that...I'm looking to partner with investment groups outside of chicago that are serious about real estate investing and can recognize solid RE investments as I only offer them...

I'm working with a great agent who has proven to me their value.

If you have proven in the past to be untrustworthy, it will be VERY difficult to get a loan from anyone.

There is some logic to this law change because most people under the prior rules didn't recognize a taxable gain because they rolled it over into another residence," says Trinz.

However its still really hard for us newbie investors with no proven track record to get a bank large or small to give us a loan on an investment with none of our own "skin in the game" so to speak.

(If LTLFTP isn't an official BP recognized acronym, it should be.)

Recognize that the seller could lose the property during the rental period.This could occur for any number of reasons such as if he or she is unable to make the mortgage payments, a tax judgment is placed on the property, he or she goes through a divorce, is being sued, and so on.