I believe New York is attorney state, so we have to use attorney to do double closing and assignment deals, correct?

I'm trying to confirm my understanding of a less straight forward capital gains scenario than the one-time purchase and sale most deals involve.Essentially 100% interest in a condo was acquired over time, as each joint tenant passed away, leaving 1 sole tenant who gained full ownership by rights of survivorship.I've gotten differing opinions from different professionals and am trying to understand the calculation of the basis and the final capital gains  tax that would be due myself so I can spot bad advice and understand deals.Assumptions:A condominiumNo depreciation has ever been taken by any owner.No 1031 exchange.No expenses or improvements.

The big thing is to not shoot for the home run deal on your first one.

Just looking to help out my fellow investors here in Indiana and post a deal I like. 

Go where your income to cost of living is the greatest ratio, hands down.A good portion of my borrowers buy out of state and use property management to deal with the properties.If your in college you've gotta increase your ACTIVE income, before you get passive income.

I am looking at a deal near the Charlotte NC area.

Therefore, they might go for the agent who is willing to offer the lowest fee or go directly with the listing agent.For our deals, we will still be offering at least 2% to the buyer's agent because we would rather have a large pool of realtors bringing their clients. 

I've been dealing with an unresponsive property manager who is no longer managing properties and has shut down his company.

Hello everyone,I am looking into syndication deals to invest in as LP in the Austin/San Antonio area.

Monthly payment comes to $917,  plus another $350 for taxes and insurance so ~$1280/month due to the seller.Using a private money lender to fund the deal, borrowing ~$130,000 @ 10% interest rate, interest only, principal + interest paid as a balloon after completion  or 12 months.House is a 3br/1ba 950sqft. near a university.