If, the same year you decided to buy a “Loi Malraux” for 100 000 € for the building and put 400 000 € of rehab, over 2 years, you would be able to deduct 200 000 € off of your 300 000 € revenue (300 k-200 k = 100 k of taxable revenue and pay only 15 000 € of taxes per year for 2 years if you made the same revenue the next year.

Now obviously not all strategies will work in all markets, but I think the whole mentality of going somewhere else to invest is 9 times out of 10 a personal deficiency and not a market issue.There's a little book called Acres of Diamonds that explains this clearly.

Under IRS code Subchapter K of Chapter 1 § 721(a) - No gain or loss shall be recognized to a partnership or to any of its partners in the case of a contribution of property to the partnership in exchange for an interest in the partnership.Originally posted by "REI":You need to check with the local recorders office, title company or attorney depending on how you are going to handle the paperwork.

By filling out something like an Insolvency Worksheet and returning it with their tax form or filling out IRS Form 982.Here is some good information, it's a flyer with a worksheet at the end:Debt Cancellation FlyerIRS Form 982In addition, as a service to the seller, I would hope you would get the bank to accept payment in full without pursuit of any deficiency judgment.

However, northwest San Antonio is exploding with growth, most of the buyers being wealthy foreigners from Mexico, its as if the subprime slime doesn't even phase the Austin and San Antonio markets, I love seeing even 8-12% /year gains on this current slowdown where Glendale, California people are selling 50-60 K below market value just to be able to sell.

i have a 4 unit property with 40k equity i need to pull out 20k for a new property my bank has 50% LTV, were can i find 80 to 90% LTV so i can pull out 20 k equity?

Look for a lender that will do something like 203(k) loan.

"He certainly accepts responsibility," defense attorney Brian K.

From what I read on hud's website I'm thinking that you do not have to live in the property to qualify for 203(k) financing for it?

Do the laws in your state allow for a deficiency judgement?