BK, if discharged and the debt is not reaffirmed, simply relieves the owner of personal liability.

If so, how much of an effect would tax brackets and potential dividend extraction taxes have as opposed to simply being taxed on my share of the profits generated under a partnership?

It's probably bias cause I look up to him but Mark Cubans "How to Win at the Sport of Business".

He has a seminar called "Winning The Property Wars" and it seems to relate to his TV show on the Discovery Channel that involves real estate auctions.

A low offer is simply an offer lower than the asking price , usually much lower .

Having a mentor and being in the great market you are in is a winning combination.

We will expect that our lease be followed but we will also hold up OUR end too.Win-Win is our goal.

If I pay back the taxes of 3800 and then lease option the property back to him for half its value (15k) is this a win/win deal for us both?

I understand awesomeness of computers, I also understand we don't have artificial intelligence yet.Some people understand statistical relevance, the rest don't.The way I see it is that those who believe they can predict future occurrences on a property based on historical data from a huge population simply enjoy the exercise.

I would love to say I've got all home runs, but you can win a game with singles and doubles.The quick stats.Purchased via auction.com for 86,000 with a partner.Renovated, all cosmetic, paint, carpet, tile, some appliances, etc, etc.