However, if this sale is financed by a land contract or a mortgage to seller, and insurance proceeds shall be held in trust for the sole purpose of restoring the property.So, is the damage greater or less than 5% of your purchase price?

I read somewhere that even the thought of private ownership of real property should be addressed, that property should be held by corporate interests and the public would benefit by their interests in the corporate structure......well, isn't that what we basically have, one document says you own the house a deed, the other says the bank has a lien on it and you only get to use it until the bank gives it back to you and that the goverment can step in for the public good and pay you what is basically assessed by government institutions?

Our facilitator says get out there and find something or else we will be looking at a taxable event. our funds are currently being held by Chicago title.

I am hearing a lot about not being able to refi rental property held under my LLC.

I would give you a hand but I am being held prisoner in another state by a band of ruthless doctors and we are unable to escape, maybe next year.

I will research the property and see the home is still held by HUD.

Was the first one held more than 2 years?

For real property held for use in a trade or business or for investment, the replacementperiod ends three years after the end of the first year in which any part of the gain is realized.

The main disadvantage is you will be held to a higher standard.

Guess what I'm saying is that your real cash flow is different from your income considered for future financing due to taxes, vacancy, depreciation added back in vs the equity held.