Purchase price: $52,200 Cash invested: $6,000 I purchased this home from a fellow investor using a Line of Credit from Arkansas Federal Credit Union. 6% amortized for 20 years with a 5 year balloon.

Purchase price: $52,200 Cash invested: $6,000 I purchased this home from a fellow investor using a Line of Credit from Arkansas Federal Credit Union.

@Oscar Montealegre - That makes sense, thanks for the clarification.  1031's are often effective in deferring capital gains for federal purposes, does it work to escape CA capital gains?

The Las Vegas Review-Journal reports a perfect storm of factors in Clark County including high unemployment, a high percentage of renters, collapsed travel and tourism industry, expiration of the state's eviction mortarium, (sic) and the end of federal unemployment benefits could result in an eviction wave beginning as early as next month.

Since the 1031 exchange code is pertinent to the federal law, one must follow federal laws and the federal law is the same in every state in this regard.

I typically borrow from places like Arthur State, Coastal Carolina, Security Federal, GrandSouth Bank, Caro Financial etc in the Columbia area.

Taxable value itself is the percentage of a property's assessed value less any exemptions such as depreciation of the property.

They did advice that I can start a company and each contributing investor should be an active member with the minimum right or remain active and then I’ll be in compliance with the SEC and federal laws regarding securities.

First Federal of Lakewood, Huntington Bank, Rockway Mortgage in Parma, and Cross Country Mortgage. 

Simple solution to help people and comply with the constitution is to have the federal government cut rent checks directly to landlords.