The difference is that the seller is claiming expenses that aren't believable!

And, after failing to be able to sell the property, soon realize that it was never "worth" what it was claimed to be worth.So, if it's really worth the 350K, you should just be able to sell quickly and cash out.No?

Most people claim that an LLC is perfect for holding properties / rentals...

Internal Revenue Code § 453 defines a dealer disposition as Any disposition of real property which is held by the taxpayer for sale to customers in the ordinary course of the taxpayer’s trade or business.

State fees are unavoidable no matter how anyone files their entities, and S&H must be charged to cover the costs for multiple UPS shipments (for tracking since these are legal docs) between MyCorp, the customer, and the state.For more detail on what *is* included at no charge (quite a bit): I posted a classified in here last week that gives the specifics and the link & phone# for more info.

I was looking at doing a purchase loan for a customer.

If you try to evict for having an extra person, the tenant will usually claim that they are just visiting.

If I am looking to wholesale a $100K house I will build in a higher profit margin for myself to compensate for the higher risk.One more side note here is that your best customers as a wholesaler will probably NOT be investors that rehab houses to resell.

Very few attorneys now this real process and many claim to provide the service, but all they use is some computer software to examine the loan documents.

This service is designed to handle customer inquiries, as well as technical problems.