It is my understanding that the new owner will have the house at the cost basis of my purchase price, for calculating capital gains taxes or depreciation.For gift tax purposes for you - FMV.For capital gain tax purposes for the recipient - your original basis/purchase price 

Purchase price: $839,000 Cash invested: $83,900Bought an up/down duplex 4 blocks south of Sloan Lake.

You also get $50 automatically when signing up with Invelo, no matter which plan you choose.

After 2 months going back and forth with them, they finally ended up paying 50% of the $9000 bill.

The buyer signs a representation agreement with no locked in period, with the flat fee buyer agency.2.

After the demo, there really is not much you can do to save outside of thinking outside the box on fixing whatever that might be that has come up. 

So he bought up several owner financed properties that offered 0% down, and he cash flowed. 

STAY away from them at all cost.

I was told there was already one broker signed up and no cash homebuyers yet, so it seemed like a good opportunity.

Hi Treza,Not sure where you are in the process there, but when your ready to exercise financing options please reach out, it's very difficult to find a ground up program for inexperienced borrowers without having an experienced GC sign on the loan with you which in turn is not easy to find.