You have to know how to treat the various expenses.

I can find many articles on how to structure a lease option so it does not look like a disguised sale, however I want my lease option to be treated as a sale in the year 2012.

You don't want to refi and cash out, because then you could get into it being reclassified as a sale by the IRS and then §707(b)(2) will be triggered and the gains will be treated as ordinary instead of capital and that will cost you 15-20% in taxes.Originally posted by "REI":You are still legally liable for the loan.

It still needs to be treated respectfully if you want the seller not to wobble.3.

Note that if you do treat the property this way on a tax return the future sale has to be handled the same way.

Better known as seasoning requirements; each bank treats this differently.Yea I've heard this before numerous times.

Do some searching around and you'll find details on how this situation can be treated by the courts.

Why not treat a profile here on BP as a business card.

We treat then at our pleasure or error.I think that at least 2 majors will restate their earnings and there is more blood to flow.I personally know of 2 top 20 ML's who currently dispose of REO's via on line sites who, because of uncontrolable volume are considering trying bulk purshase, small initially but .....A third person I/we work with is personally aware of a significant 3rd I am aware of at least one other to my comfort.I don't wish to argue all the good stuff you chaps articulated.

Rabold, a vice president of the Steel and also by the founder of Just Born candy company Samuel Born (Some call it the Rabold House, some the Born House...and some even call it the Peep House after the marshmallow treat made by Just Born).As for investement properties...well, our place is it right now.