Gross proceeds means any cash received or to be received for the real property by or on behalf of the transferor, including the stated principal amount of a note payable to or for the benefit of the transferor and including a note or mortgage paid off at settlement."

You don't have to take on the former, if you only want the benefits of the latter.  

This is a discussion that I wanted to start not only for my own benefit, but hopefully one other's could keep coming back to to learn from.

And you get the benefit of having over 100 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

And you get the benefit of having over 100 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

And you get the benefit of having over 100 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

Hello @Sam Sharata wonderful idea regarding Baltimore.A revitalization of Baltimore neighborhoods can provide many benefits.1.) property prices are low with high rental rates, which creates a strong cash flow.2.)

And you get the benefit of having over 100 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

I don't really blame them for finding a loophole, but my understanding is the loophole was supposed to benefit real estate investors and now they may be screwed with a change in tax law.I get how carried interest works on Wall Street.

They can sit down with you and explain the legal benefits between different types of organizational structures; LLCs, Corporations, Professional Liability Corporations, special Statutory Corporations available in your state, limited liability partnerships, general partnerships, etc.There is no one size fits all, and an LLC may not even be in your best interest.