But it really is pretty straightforward.The complexities arise because of (1) old wive's tales, ie; "they said" and "everybody knows", and (2) gurus telling people that "you need to incorporate".I can't believe how many times in a month I hear or read someone who thinks that; you have to "roll over" the proceeds from the sale of your personal residence to avoid paying taxes on the gain.

And the more you learn about investing and real estate, the more comfortable you'll be with your decisions.On side note: Personally, I've found that my old programming has slowed us down at times-- tend to be a tad too conservative :roll: That's okay, just something to keep in mind :mrgreen:

Sorry, your folks, like many, many others rolled craps.Like Mike says, sell as fast as you can.

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Jeff,Honestly, when you buy HUD homes you are rolling the dice.

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This involved lots of behind-the-scenes stuff that will help us roll out new features to you guys faster and more reliably.

Not to mention, HUD loans are not cheap what with the reports, HUD application fee, reserves, etc.Granted, a lot of the fees can be rolled into the loan, but unless you have a multimillion dollar loan, I would have a hard time justifying the rate when it comes with quite a few strings.For the borrowers such as yourself, I would suggest a Fannie Mae multifamily loan.

Now I have to pay 4k in closing costs which I will roll into the refi, so I will receive cash out of only 76K which means I now have double the cash invested in the prop at $8k thereby reducing my cash on cash return by half on whatever the stabilized cash flow is.JJ