If you have held low-income housing at least 16 years and 8 months, the percentage is zero and no ordinary income will result from its disposition.

I would learn every side of the business in and out including:Property Management Construction Development Acquisition & Disposition Brokerage Financing/Lending What asset class are you interested in?

Paris III - I am not a lawyer, but according to section 5-12-080-E of the CLTO yes, you had 10 days to notify herIn the event of a sale, lease, transfer of ownership or control or other direct or indirect disposition of residential real property by a landlord who has received a security deposit or prepaid rent from a tenant, the successor landlord of such property shall be liable to that tenant for any security deposit, including statutory interest, or prepaid rent which the tenant has paid to the transferor.

The US tax code also has a very favorable long-term capital gains rate of 15% (subject to certain income) that may apply upon the sale or disposition of the property.In addition to federal taxes, investors will also have state taxes to consider.

Need to ask if these were purchase money notes, refinances or equity based notes as there are differences in the disposition of collateral and redemption rights and equitable positions of borrowers.Bankruptcy courts may go the cherry picking route, the Trustee probably doesn't have a clue as to the note market or valuations and the asking price is negotiable.

You further agree that, so long as you carry out your obligations as agreed, settlor shall forfeit his interest to you upon termination of the trust (at term or upon sale of the property).You just transferred all meaningful interest- without violating the due on sale clause- and fully control the property's use (so long as you fulfill your obligations) and future disposition.

Those costs do not get redeemed from the asset until the asset is dispositioned.

Depending on the type of land and how they hold the land, it may be beneficial for them to actually develop the land themselves with respect to taxes and capital gains {there is a lifetime capital gains exemption for disposition of CCPC shares in an active corporation and for agricultural land ... you or they should determine if either could be apply, or be made to apply, here.

If you do not have money to pay for this along with money to cover what could be a large amount of money needed to start, continue or finish the needed disposition then you should stop thinking about this asset as a note, perhaps wait until it becomes REO and simply make an offer.Buying the note does not mean you get ownership of the real property.

What you need to look for for in both scenarios is for a quick disposition of the property and a negotiation of a waiver of the resulting monetary deficiency (talk to your accountant and watch for potential tax consequence!).