A retail buyer has a bunch of specific criteria - bedrooms, school district, yard size, whatever, and these tend to limit the houses that will work.

I want to double close this but I am not sure what vehcle to use.

Double that for CA.

Right now my wife and I are moving from a modest 1 bedroom rental to an even cheaper living arrangement so we can increase savings.

And what would happen if I issue all the money the LLC made to myself, would I just have to file taxes on the amount that was issued to me and not have to worry about double taxation?

Still, I don't think it would hurt to double check numbers and such here, I'm always keen on finding holes in my game.Right now I have a distressed property about to be foreclosed on, it is part of a rental property right now with no tenant.

I'm also aware of double closings/settlements but I'm wondering if closing costs will have to be paid twice and if you guys who've done it even see that as a problem?

I'm also aware of double closings/settlements but I'm wondering if closing costs will have to be paid twice and if you guys who've done it even see that as a problem?

Doing a double close avoids the apprehension of the bank to do a "assigned" contract.

Heather,When you say pre-sell, do you mean like being a mini-developer?