Bottomline is having a good talk with all parties openly discussing how to handle this in a way all parties can be happy and lessen surprises.Hope it turns into a wonderful opportunity to get better acquainted with your in-laws. 

i'm wondering if we're "doing something wrong" here. we have a strong RE agent and attorney team. they do everything they can; maximum exposure, covering our a**ses, etc... and deals keep falling through.it's a very nice (subjective, i know) piece of land (1 acre) in residential chicagoland.does anybody have any tips to get it sold?

Chattanooga is a wonderful place to live, work and play.

Purchase price: $50,000 Cash invested: $16,000 Sale price: $127,000 Purchased with a 75% loan for cash flow.

Your journey into real estate sounds like an exciting adventure, and it's wonderful that you're eager to learn and grow your portfolio.

You get up into the higher priced flips of regular sales and things take much longer.This is why I do not like all the stories about the markets recovering.

I still do and would like to explore this part of me.I’m here to “get into RE”, to learn and to meet wonderful like-minded individuals and mentors.Look forward to embarking on this journey.

I think recently there has been lot more houses coming to market for sale either with these changes or just the time of the year but it is not like pre covid times.

The last post I did here in BP brought me SO much knowledge and wonderful people who have extended a hand to me.

Would IRS then consider this a "sale" and I would have to pay capital gains on it?