This is treated as ordinary income.The next portion is a return of the adjusted basis in the property.

Not that you needed to know, LOL...But I'm wondering if this Profit Stacking strategy is an issue if there was an actual FEE paid to you (as I described it to my attorney), or just a simple matter of having the title co. divvy out your portion at closing to stay out of troubled waters.

Then charge an application fee.This is an example I found on Google, although there are some things fair housing wise I would question under the cosigner portion, and I don't like the credit score part either.http://www.marshproperties.com/images/pdf/Queens_ScreeningCriteria.pdf

I have my first property under contract have financing in place and at the last minute need to locate a cash partner to help fund the rehab portion of my flip.Can I ask who your using for your financing?

They pay their portion on time every month but they are a problem.

I have a single owner LLC ofr my rental properties but I file a schedule E for each property (and my accountant has me setup a property called "generaL' for expenses not related to one single property, such as inspections, office, etc.)The only other thing I've been advised is that, per suggested above, you have two separate companies if you buy hold vs. flip because the flipping might be considered ordinary income if you have to be considered a "dealer" and by using SCORP for this activity you can limit how much income is taxed for SS/MED by virtue of paying yourself only a portion of net income as wages.

The IRA has to get their portion before you even touch the money.Equity trust's website has lots of info on it about this.

A nonprofit vocational school will be established in a portion of the office space.

Yes, the security deposit simply carries over unless there is a reason to collect more or refund a portion of it (see above) 3) Can anybody please share with me a sample of the clause from your rental contract about renewals?

And perhaps afte rso many homes are boarded, the hood moves, and the neighborhood is gentrified, you now own a good portion of the block at rock bottom cheap prices - then bulldoze and maybe throw up some nice little cookie cutter homes.There will certianly be no shortage of people to emphasize the negatives of such a strategy and that is what made me think that someone owns and is profiting form these homes and if 99.9% of people steer clear, then there has to be some good deals out there.