I think that's 15%, but this may have changed in the new tax law.If you've not been claiming the rental income on taxes and  carefully tracking the assets associated with this property you will need to do some work to sort this out. 

I think you're saying you hold the 2nd mortgage to a home with the current owner and are foreclosing for nonpayment, and to obtain the home you need to pay off the 1st mortgage in previous owner's name? 

The trick to doing debt positively is to be sure you are investing in assets rather than liabilities (as the good 'ole Rich Dad says).

Many REO's have an online system to submit offers that go directly to the asset manager making the decision, and the REO agent, is acting as more of a property manager.

They tend to be the only game in town.Conversely properties 3,4,5 million and up are in stronger suburban to to urban core markets where many different types of lenders compete against each other to loan on higher quality assets and better located properties. 

The only way you could obtain information or coaching was through books and cassettes that were sent through the mail or you have to fly someplace and go to a 3-day or 4 day seminar. 

Learn about the difference between assets and liabilities - read all the Kyosaki books (start with Rich Dad, Poor Dad, continue with Cashflow Quadrant, and further with many that he has).3.

If you own it, then spend the Capital to get this business asset productive.

Each series LLC can have its own property, asset and liability protection etc.

Hello, I'm an investor in Las Vegas and I'm looking to find an attorney that handles asset protection related to real estate.