It's likely best to jump on the phone with an expert to discuss this, but I'll leave a quick description below:Owner financing is a tricky issue for tax purposes.

For rentals, remember to factor in costs like renovations, property taxes, insurance, and potential vacancies.

I have a dinner this week with a seller, and I need to create confidence in them to agree to seller financing the deal.What tips should I consider for "selling" seller financing?

The mortgage market is healthy so there are several ways for income to be calculated including but not limited too: full income verification of two years W-2's or tax returns, 1-2 years of a 1099, average deposits of 12-24 months of personal or (50%) of business bank statements, an up to date P&L, DSCR (debt service coverage ratio) or rental income (investment properties only). - Appraisal.

So, if you 1031 into an asset worth $700K or more to fully defer taxes, you'll have around $240K or so to put down (there are fees and deductions so these numbers are general). 

I am not an attorney, don't know the laws, and do not know the limitations if there are any on this subject. .An feedback of foresight, tips, thoughts, and suggestions on handling this issue going forward are welcome .Kind Regards,Kevin G.

I would not rely on Zillow to heavily I would get a tax cert and see what exemptions you qualify for but that’s a big jump.

This years higher than normal W-2 income coupled with the idea of being able to save a few bucks on tax has me giving more serious consideration to this idea. 

The primary motivations for purchasing an LLC that owns the real estate is to avoid the potential of a significant property tax increase and to eliminate conveyance fees.

Hi, I am new to tax liens, how can I find them to buy in NYC?