Being able to perform complex math formulas won't mean you'll understand accounting, that's pretty much basic math.

An investor purchased it, performed a major rehab and sold it for $400,000 which was due to the fact that it is a high-value area in Fort Worth and the recently sold comps verified the market value of $400,000.

If you have a corporation which allow you to deduct business expenses do you still have to go through the process of performing a 1031 exchange on your profits since purchasing another investment property is a business expense.

As an installment sale, the asset is owned by the seller until performance of the buyer is completed.

I know I need an accountant but have not found one I feel is a top performer.

Well, that wouldn't be an option it's a purchase agreement so I wouldn't go there as an option contract.Options can not have contingencies of any kind, especially based on performance of the optionee/buyer.The reason you have an option price in an option is for the right to purchase at a stated value based on the valuation made at the time of the option.

Example a buyer says they want multifamily but want a B asset in a B area fully performing at a 10 cap ( not going to happen as they trade in the high 7's nationally and maybe hit the 8's if your lucky ).

My friend works in a bank and they see but the loans are very rarely truthfully almost never called in because they are happy to have a healthy performing loan.

BP Experts,    I have a question about buying non-performing first notes.

I perform a walk through on every property each month.