The first $100,000 will be applied to the installment note gain ratio of .8333 so that is $83,333 worth of CAPITAL gain to recognize and then the additional $10,000 amount of extra payment is all gain and would be added to the $83,333 for a total of $93,333.

I had no way to detect solid trainers from the dream merchants.Alas, I didn't really begin learning and mastering my craft until I immersed myself in the business full time, found a broker mentor who was willing to guide me and tell me the truth about prospects who were not qualified, hence, not deals.I've been licensed for over 35 years and recognize that there's no guarantee that a licensee will make money but I can assure you that you can easily invest for your own account without a license being a handicap.

There are still houses that are empty but, for the most part, they are hard to recognize because they are taken care of by neighbors.

My husband used to be in the industry, and I had already started the real estate training, so we were able to take our experiences, and the recognizing of other companies short comings, and create the exact opposite style of business.We have 24-48 hour lease turn around times, we communicate with our owners/investors frequently, and we're growing everyday.We know a lot of people in the industry as well, so we have teamed up with a couple of brokers, and we have a team of contractors as well.

Generally, you can not sell or buy an asset from yourself and recognize a gain or loss. 

The county appraiser does not recognize bank foreclosures as a legit sale. 

In regards to Series LLCs and states that recognize them or not, the issue comes down to each specific state recognizing the "internal liability shield."

Some of the quoted comments I recognized your profile pics.

First of all, for criminal (trespass) purposes, we don't recognize "tenants."

You are wiser than most in recognizing that you don't know what you don't know.