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We received a call from his realtor saying that there he has a pre-payment penalty on his loan and that he has nowhere to live (his house has been on the market for 7 months and he didn't consider all this?...

You don't have accelerated depreciation anymore so therefore no recapture.You don't want to have any rental income in the S-corp because that is passive income and you can have a good chance of falling into the passive income rules under the S-corp and be subject to passive income penalty tax.Have you had any consulting on how to treat each of your properties?

Remeber Rooth IRA contributions do not get taxed, are taxed deferred and can be withdrawed tax free (if money is taken out prior to the age of 59.5 years you are subject to a 10% penalty tax).Thank you for your time!

Spec house in costal Monmouth Country.

Nearing completion. New construction. Est. listing price 1.6M

Seeking 125k bridge loan. Banks/mortgage companies not an option.

Any referrals to reputable companies appreci...

I recently talked to someone at Country Wide and they said they don't require seasoning and as long as there are no prepay penalties they should be able to do it.If CW will do non seasoning refi then I'm sure there are plenty other lenders that will.I can see a problem with doing a refi on an all cash property, but like others mentioned maybe a 50% cash out or something would work a lot better for the lender.

I should have alot more but I am seeking custody etc etc and we have 3 properties so there is some equity.

Completely rehabed homes are going for 275-325kSecond house he is trying to get 145k for. he owes 112, plus another 12 in backpayments, penalties and lawyer fees.

But once an individual is faced with home foreclosure, there is very little choice but to seek the services of a mitigation specialist.

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