Interest will begin accruing at 18% per year on any amount due and owingto Landlord from the time that any such amount first became due and payable.

Ask them questions you have curiosity about.

A zombie lien is typically a 2nd mortgage that was written off the bank for accounting purposes so they stopped collection efforts BUT the borrower still owes that money. typically a zombie lien stops accruing interest once it is written off (because they stop sending statements).If it matures in 2025 it also has statute of limitations, so that money is going to be owed and you will not get clean title unless its paid off.

From my understanding you could allocate a percentage of the property towards the next exchange.Out of curiosity, have you considered keeping it and renting out the entire property and buy the next one?

During the 2 year standstill the loan CAN accrue interest at a rate agreed upon with the seller.

@Drew Oberholtzer, for my own curiosity, why do you need to partner with a lawyer in PA to do deals?

The specific balance and decisions about your investments should be derived from your specific goals and circumstances.I would like to encourage your curiosity and inquiry on investing.

They expand and contract over time.The key is that deductions are an allowance, meaning that we are allowed to deduct them only when we have met the conditions as provided in various authoritative sources.163(a) provides our allowance for interest deduction for all amounts paid or accrued in the tax year on indebtedness.The four basic requirements are:1) It must constitute interest for tax purposes2) The amount must be paid or accrued in the tax year3) It must be paid on valid, existing indebtedness4) The indebtedness must belong to the one seeking the deductionCase law has defined interest as the amounts paid for the use, forbearance, or detention of money.Paid or accrued refers to the method of accounting.

I’ve found that when I speak enthusiastically about my goals, dreams and what I’m working on people are naturally drawn to it because they see how much effort and care I’m putting fourth into it which naturally breeds curiosity.

@Mike Bayer- normally  Int only payments (817.50) are required and then  payoff the  orig  prin at the end of 12 months ...there are also some options that allow all the interest to accrue and then you payoff the prin bal and all the interest that accrued for the 12 months