Debt has nothing to do with GAIN, on a property.

Replace Your DebtYou must replace the value of your debt that was paid off as a result of selling your relinquished property with new debt in the same amount on your like-kind replacement properties.

Do they have debt on them as well?

We've got the trade deficit, budget deficit, negative savings rate and record setting debt.

One of the great things about having an LLC is that the mortgage will not go against your credit or debt to income ratio on a personal level.rdinvestor

It's all based on banking relationships in the end.They know your tax returns aren't wonderful...even if you have no debt except mortgage debt.

Still have plenty to learn and much to do.I'm currently in the market for my first home, after paying off some substantial debt built while in college and early 20's.The market here in Baton Rouge is strange at the moment.

I have no debt and a decent but not great credit rating.My income is quite small as I am an artist.Any ideas...Thanks!

Divorce, Debt and Death.

I currently have no debt, about 300,000 savings, a decent but not excellent credit rating, and this would be the very first real estate investment I make.Thank you.