Wow,So in this scnario Kyle for the bank it is a total loss or write off?

You can not pay yourself for a personal use property to write it off.Steven C Hamilton II EA

They should have a purchase agreement, take it to a title company, get official approval in writing from the lender, etc.Your friend should ask for whatever he wants.

Hi guys,Im wondering if anybody knows of solid property management software that has either a blackberry companion app to input data, or some other way to record info on the go...Theres GOTTA be an easier way to keep track of properties on the run!

Jon write your listin agreement for 1 week or how ever long.

One person had called from the second letter and said they were working on a refi with the bank, and that the auction date was postponed (my source didn't reflect that).And where there was no auction date listed, I was counting 60 days from the date of filing, but some have the auction date only 30 days or less after the filing date.I don't want to waste my time writing letters to dead ends.

Focusing on Public works and the Army Corps of Engineers.Faze out Tax Breaks based on Income.Return Capital Gains tax to the same as income, with the ability to write off all Losses against Income.Restructure Business Taxes to encourage Entrepreneurs.

*Spreadsheets or software suggestions will be appreciated!

Banks will always give you the rosiest story around when they write the loan, but you need to be SURE that they will finance the property for as long as you need to borrow money.Just find another bank and refinance the thing.

I wouldn't goof around with writing options to non-sophisticated folks.