Beer is a necessary expense for most college kids, social growth is part of the education....LOL

As I educate myself on Notes, I would love to know what are some of the strategies and due diligence requirements when looking at 2nd Lien NPN and chapter 7.Here is an example:Sale Price: $8kUPB: $100KProperty Value: $290kSr Balance: $400kSr Status: UnknownChapter 7 Bankruptcy / DischargedSo the property is definitely under-water and there is no information on whether payments are being made to the senior loan.

I haven't seen his application and see if he lied on it when talking about the sex offender status or he just told "his story" to the property manager and there isn't a record of him lying. 

In Waterbury, roughly, 20-22% are on social services, while in Yonkers, its not that high.  

What does one say to buyers about the status of the house?

However we were contacted recently by a local social service agency that wanted to make good on the judgement against here as she was having problems finding decent housing with an eviction and judgement on her record.Within two weeks, we received a check for $2300 for her back rent and legal fees!

2) How will the RMD withdrawals affect your provisional income and how does it affect your Social Security Tax?

Go back to the previous pageFollow @BiggerPockets on Twitter for status updatesError code 500I thought maybe the profile had been deleted or something like that, but I got the same error page when I clicked on the other profile that came up from that search result.

If the S-Corp has frequent and significant passive income, such as capital gains or rental income, the S-Corp status can be revoked by the IRS and you become subject to all the C-Corp regulations as above.I'd own the properties as yourself - no sole proprietorship required, because it will be on a Schedule E, not a schedule C.  

I don't know the status of the other properties at this time.