To sum up I got an accepted offer of 53 K, and since i am a newbie took me a couple of days to read and re-read the contact and the addendum's, when i finally signed , another higher offer was also accepted, leaving mine as backup (1st lesson learned -->gotta be fast!!)

In some towns, for example in Maywood, the Village has the right before any property transaction to inspect a property for deficiencies and require that the buyer put up a bond and a guarantee and all that jazz, to fix those problems with in a few months of the closing.

So it's not mandatory that you have a 1065 and K-1s for each person if you both own real estate together, but it is mandatory if you are all members in an LLC together?

Originally posted by Arjun K.

K.

I think it was 'K.

@Jerry K., good reference.

Callum K.

I am currently visiting Mumbai so gimme a few weeks until Im back to my Sports Illustrated quality pics in CA j/k :)

K.