Who recognizes the certification?

I do not recognize the city name.

And I have proven it!

However, historically it takes 8-10 years for inflation adjusted prices to reach their previous highs.While I agree with you that we won't recognize the bottom until after it has occurred, we certainly are not there yet - not even close.Mike

You will recognize and pay taxes on any amount that you pull out of your transaction.

Since all you have is a contract right and you sell that (via a simultaneous COE on the same day) and you have held that contract right for longer than a year, it should still be treated as a capital gain to the LLC.The capital gain recognized by the LLC will flow through to members of the LLC via a K-1 form, which will get reported on your individual tax return in the same character.Caveat....please check with all the details of this transaction and make sure you can show you had and investment intent from the beginning to support your case and that you indeed have a binding contract that is assignable (most are if you have a good attorney).As for keeping the cash in the LLC, it doesn't matter.

The listing agent has the privelege of seeing your offer, but you can't see theirs, that's just the way it is.Granted, this presents an ethical delima that REO asset managers are well aware of, but the fact is, it can rarely be proven that the listing agent did anything unethical.

Recognized or enforced by law rather than by equity. 5.

Other than holding a real estate license from the state or being a member of the Realtor organization there is no 'certification' that is going to be well recognized and of value.Any group can offer a 'certificate'.

Following up on Jeff's point...Everyone has heard "innocent until proven guilty".