Please provide more details so that we can respond in a more thorough manner.

Since all you have is a contract right and you sell that (via a simultaneous COE on the same day) and you have held that contract right for longer than a year, it should still be treated as a capital gain to the LLC.The capital gain recognized by the LLC will flow through to members of the LLC via a K-1 form, which will get reported on your individual tax return in the same character.Caveat....please check with all the details of this transaction and make sure you can show you had and investment intent from the beginning to support your case and that you indeed have a binding contract that is assignable (most are if you have a good attorney).As for keeping the cash in the LLC, it doesn't matter.

Hey there Heather-Why not get a little bit more into detail as to what you want to do with your future REI plans!

Under the free membership, some listings show up as "premium listings" and you don't get any details.

Can you further explain the lease option and sub 2's, cant find much details on them. not sure what EXACTLY they are and how i go about obtaining them!?

It varies from neighborhood to neighborhood, so you really need to know the details of where you're working.What are house prices like?

I have been doing allot of reading today, and it seems that there is some good info out there, but not allot of "technical" details to get the job done.

When I started, I would launch into this long explanation about the details of the transaction.

We could provide addresses of the homes we planned to bid on before the auction as well so that lender could evaluate them, we could provide a larger fee or % if the homes don’t move quickly of course, and we are happy to meet a potential lender in person and go into detail about how we will move the homes and continue to build our investor database.If anybody is interested in helping us, or providing tips on how we might find an interested party, I'd be most appreciative.

Can you tell us a little bit more about yourself and what it details when it comes to your work as a residential and commercial builder?