I got a standard landlord because I don't have much in the way of high value personal property that isn't scheduled and unscheduled personal property gets depreciated hard anyway.

But they will not do that until the deal is closed, which is standard.

Some banks have a standard procedure to always counter with what the bpo came in at.

I am going tomorrow to meet with my Real Estate Investment Attorney for the first time, and I want to make sure he understands my concerns when we write up a Standard Purchase Agreement for me to use with all my deals in VA, MD, and DC.Thank you for your help.Nancy

***This is a standard simultaneous close.

Contributions to the plan will be a deduction to your corporation.

Call a bunch of title companies and ask them, they would know.You might or probably will get a lot of title agents have no clue what your talking about so they'll be like, "whats your number and I'll get back to you"if those words are mentioned, either hang up and call another title company or ask them if they can do WRAPS.Wraps are very similar to Sub2s and there is a chance that a title company will understand that.If they tell you NO you cannot do those transaction here in NM, ask them for the proof that you can't or refer you to their legal department to have them explain why it is not legal whether they call it a Wrap or Sub2You could also contact the Attorney Generals office, but your not going to get any straight answers there unless you can find an article or press release relating to Subject to's or 'creative acquisitions in real estate' detailing certain laws that they will most certainly cite in those press releases/articles.What ever you do, do not go to the department of Real Estate or any other agency that is obviously funded and structured for Realtors b/c they will tell you anything outside a standard typical transaction involving an Agent is illegal.Hope that helps

If you place the property in rental service this year, then you can start depreciating and deduct all your normal rental activity expenses.

I know the owner's hands are tied as far as making a deal, but I am a ruthless :mrgreen: investor who doesn't have to follow the standard way of doing things right?

I see this as $1,000 a mth rent and deduct 50% for maintenance & vacancy which leaves 500 a mth minus your debt service = +$340 a month is a good deal