I would have had estoppel agreements signed before I closed.Now I think you should just send them a letter explaining the who, what, where and whys of the ownership change.

Yes I'm about to haed over to the show notes now & see if I can get him to explain that to me in detail.

I also explained that this would mean that she would be without a washer and dryer until friday morning.

(and that too is all disclosed and explained)As part of the standard paperwork there are "agency disclosures" which spell out the various relationships, and you should have received that along with the offer.

Can you explain the situation a little more?

(he hasn't explained further.

The portion that is reported to the 401k will not be taxed as I explained above. 401k EIN must be reflected on that K1 as Mark mentioned. 

Of course this is because I had to explain to them that they would be paying for the toilet repair when one of the kids put the toilet paper holder down the drain and stopped it up.

It does a pretty good job explaining many angles and strategies of real estate investing.

After explaining to my friend that I am getting started in the Wholesaling business, she was able to get this gentleman to call me.He wants to sell a property that contains 4 Rental Units that sits on a commercial lot in a very convenient location in Grass Valley, CA.