In MD from what I understand you have to pay transfer taxes on the quitclaim deed (usually just levied at what the assessed value is) is this different other places?

I have 30 days to return my tenant's security deposit or itemized list of deductions.

Hey,The HUD has your offer price, the expenses (closing costs) broken out and deducted from the offer.

Levi,PM won't be possible until a few things happen for you:1. you reach 10 posts; you can get to that number by welcoming new members, or replying to forums.2. you can do a Colleague Request - CR - with Jim.3.

Either they buy it and take it with them when they go, or I buy it and it stays.Sometimes move-outs get ugly and if you deduct anything from the deposit, they will be right in your face screaming about how they paid $200 towards the washing machine.

Rich --Have you found a way to make this trip into a real estate tax deduction?....

I'm not an accountant or CPA, so take this for what it's worth...Unless the money coming from the C-Corp is being spent on tax-deductible expenses, I'm not sure you would be able to create any tax benefits.It sounds like you're just loaning money from one entity to another, and there are no tax benefits associated with a loan.

Our governing documents require the consent of a 67% supermajority of members to either levy a special assessment or to raise the dues by more than this percentage.

My accountant is telling me that I cannot deduct losses from my income because I make more then 150k at my day job.

The basic one I am just trucking along on in South Florida is as follows:65% of ARV (Investors tell me hard money here lends at 65%)Deduct $10K CommissionDeduct Repairs Assignability ClauseI've sent about 6 offers in already. 3 Rejected. 3 Pending.