Selling an asset close to the end of the repayment plan might have fewer implications than selling earlier in the process.Capital Gains Tax: Regarding capital gains tax, the debtor should consult with a tax professional to understand the tax implications of the sale.

I understand that if I buy the property, LLC is the best option.

This is why it is first and foremost critical to understand the costs of owning a note.Things like legal fees, servicing, and insurance are all getting more expensive.

It is my understanding that for a rental property, the discount points are deductible in the year the property is purchased.

Hello All, So I have tenants that are not quite understanding the difference between functionality and personal preference.

my understanding that there is rent control as well and can not increase rents more than 7% a year for the same tenant.Just trying to see if there is a possibility to enter this market at this timeTIA

You can say you understand etc but don't make promises. 

My understanding is that military can receive an extension of the "must live in the home 2 out of 5 years" to 10 years.How does this work for taxes??

I understand nothing will cash flow positive doing this in my area but it would at least help with payments. 

Brooklyn-There is good money in that line of work as long as you are good with numbers and understand the markets.