So my question is, if you were in the same shoes would you attempt to sell the house at the end of 2008 to avoid paying capital gains tax or would you keep renting.

Looking for info regarding vacancy rates, rents, timelines, etc. for single family residence. Thanks
ofgift

I debated whether to kill the deal and take on other offers, but figured I was still making money with the adjustments, avoided additional mortgage payments, and the way some houses are just sitting right now a sale w/profit looked much better than sitting on the house letting it suck up more money.

He has given me every excuse under the sun to avoid telling me they no longer have the listing.

Also in order to avoid the time costs and fees of a loan, I bought it outright with cash.

Granted I think you want to avoid foreclosure.If you are on the title as a co-owner then you would be legally responsible for everything that he does and anything that happens to the building.

We're hitting high 90s here in central TX and will for the next couple of months.all cash

I assume adley is wanting to avoid the costs of the double close.

I said ok, send me your counter offer.My question(s) is:How should I have structured my offer to AVOID a counter offer and how should I respond to the seller's counter offer if it cuts into myprojected profit?

Here is a way to avoid the seasoning issue.