It is the intent of the contract that is going to be examined, it is the responsibility of the tax payers to show intent and to provide justification, you can't just say I didn't intend to buy it.

Whoever is the tax payer for the property can do a 1031.  

I know of the 9 or so things you can qualify for tapping your retirement accounts for penalty-free, the first-time home buyer exemption is one of the areas taxpayers misunderstand/screw-up...so any help would be greatly appreciated.  

Obviously you need to keep an eye on the first and property tax payments so you don't get wiped at FC.

As for the mortgaged property, tax payments slip thru then cracks all the time from banks, maybe 1/3 to 1/2 of all tax deed properties have mortgages.

FHA is trying to make it a right and they are using our hard earned tax payers dollars to guarantee these bogus loans.

Hi Guys,I am going to do my first direct male campaign.I haven't seen any posts about sending postcards to absentee owners to get listings as a realtor.I have a few questions and would love to get your opinion.I was told listsource is the best tool to get absentee owner tax payers addresses.

"Whitehall condo dispute costing taxpayers money"http://www.wptv.com/money/consumer/whitehall-condo...Fair Housing Lawsuit against Florida HOA https://www.justice.gov/opa/pr/justice-department-...Oh and in Florida as a Board Member you have to be "Certified" which is suppose to educate members on the Governing documents, Federal and State Laws, meetings and budget preparation.The problem is that a board member can still interrupt the Governing Docs, and Rules how they see fit. 

This is a trust tax designed to level the playing field so that tax-exempt entities do not drive taxpaying business out of business when they substantially act like a comparable commercial business.Because of this tax impact, flipping houses in an IRA may not be as lucrative as most folks think since the common assumption is that everything an IRA does is wholly tax-exempt.  

There is a tax form (W7) they need to complete to get them a ITIN (Individual Taxpayer Identification Number) for tax purposes since they don't have a SS #.......but that can be done after they invest and before tax returns are filed by the partnership.