The building is older, but in good shape, with busy street frontage and a national chain in the main front spot.Total Income (CAM, Late Fee, & Rental):  $375K  (100% Leased Last Year)Repairs:  $50KUtilities (Owner Paid):   $27KProperty Tax (Owner Paid):  $32KInsurance:  $9KNet Ordinary Income:  $257KEst Vacancy:  $43.5K  (13% of Rental Revenue.  

The sponsor will have to report the receipt of the value of the interest and pay taxes on the value of the interest at ordinary rates."

The areas with the highest rates of foreclosure are centered around the American northeast.

I heard someone from AREI speak on the Real Estate Guys podcast the other day. Has anyone had any experience with this turnkey provider? They're on my list to contact but figured I would ask the BP community too. Than...

The investor selling less than 1 year claims the profits at ordinary income depending on their tax bracket up to 35%.

I'm curious to know what it is about this noise that is out of the ordinary for condo living?

Bryan,I would advise that you speak with an accountant about how the profit will be taxed. to my knowledge; If this is a business transaction and the primary purpose of the business is buying houses wholesale, rehabbing, and selling retail then a house in the eye's of the IRS is merely a piece of inventory and will only be taxed as ordinary income after all business expenses...

Blackstone (B2R), First Key Lending, and Colony American Finance all offer portfolio residential loans. https://www.colonyamericanfina...https://www.foacommercial.com/...https://limaone.com/rental30/?...

It might not even be anything out of the ordinary - it's just the way he's handling it that's giving me a wonky feeling. 

We recommend your property owners to immediately enroll into the American Home Shield......Whilst we understand the predicament - this is not a "one-man" business and surely the contractual obligations remain in force?