I think that the terms that you are able to get on the seller finance will probably be a major driver in the decision here.

depends on your temperament and your goal.. and where it is.one well place rental in the SF bay area is a gold mine.one poorly placed rental in Detroit not so much.. so it depends..

@Noel R.I can’t believe you are asking if it makes sense to make a poor investment to save on taxes.

They are property rich and cash poor.

You need more information to make a decision.

If you do ask, and have enough time, lenders are required by federal rule to decision a loan mod within 30 days of submission of a substantially or materially complete loan mod package.Unless he can appeal to them to delay, sounds like it might be a little late for a modification as an option.

Look up Grant Cardone on youtube and check out the rich dad poor dad series they help expand the mindset on real estate (Audio on youtube).

Using him was the best decision I’ve ever made as a newbie because he does full gut jobs for a living and knows every little in and of of Baltimore tow homes.

I almost made a terrible decision based off of emotion and desperation (WONT happen again).Does anyone have any strategies for finding deals in this current market in PA?

I certainly will review with my accountant before making any decisions.