It gets people's attention and they will read what's inside.2.

I do like the idea, i am just not familiar with it.Travis Sperr I am not well versed on 1031 exchanges, however unless I misunderstood an article on 1031 exchanges cant I sell a property and have a separate company do the transaction and hold the profits in escrow and find a new property within 45 days and have it purchased within 180 days, by following the rules of the 1031 would I recapture the depreciation or does that get passed down the line along with capital gains?

For me the choice of getting an LLC was for 2 reasons...1) you do not have to fill out a Form 593-E, Real Estate Withholding – Computation of Estimated Gain or Lossat closing time.

My PT practice has been the center of my attention over the last few months.As to the trust deed business, I've been buying, but the market seems to be tightening up - there is a lot of money out there and not so many good/great notes.

You can go to a neighborhood, do a street view, look around and if you see a property that looks like it may need a little attention, etc., zoom in, get the address, look up property info, and call the owners.

You can also terminate the agreement and you'll owe nothing the next day so long as the property you buy was not brought to your attention by the agent.

These deals are very high risk and you have to educate the buyer and pay special attention to the LTV and the deal.

But at least PAY ATTENTION to the thread topic; this one says "high equity" - so why in the world would you even mention a "short sale"?

If you live in the home 2 out of the last 5 years you escape capital gains tax;) 40k tax free?

Certainly not in the same sense as basis is used when you figure your gain on a sale.Edita, if you were doing depreciation based on the assessors value rather than your purchase price, you will need to refile corrected tax returns for those years.