That makes a short sale more valuable to a lender.

If you've owned them over a year, long term cap gains is only 15%.Bottom line is that its difficult and expensive to extract this tiny bit of equity.

To gain some reo listings at this point is going to be tough, agents have been building relationships with these asset managers for the last couple years and there are lines out the door.

Of all things to prosper in this economy, who would of thought that Americans are rushing out to buy SAFES.There is a run on safes in America.It makes sense, really.... a place to save our money, our valuables, our important papers....The scary part: there is also a run in another industry right now.

You, as a property owners, will only be paying 15% in capital gains if you keep the flip for 1 year.

I look forward to some of your valuable insights and advice!

One thing to note is that before converting your IRA to a self-directed IRA, it can first be converted from a traditional IRA to a ROTH IRA, so that all of the gains are tax free on retirement.

That will up your score next year and increase your chance your return will be reviewed and maybe audited.The auditors are under tremendous pressure to make any audit a net gain for the government.

Gaining knowledge and experience is a process- not an event.

I was originally only going to carry for 2 1/2 yrs because I thought I could avoid capital gains tax if I was cashed out in under 3 since this was my residence.