I would just like to officially introduce myself and post my first question!

Well, didn't have an official name then but my older brother and I started investing in 1955 just after my 16th birthday and with a 20 hour a week job and school and a full time girlfriend investing time was in short supply but we found some deals that were there and signed them up.

Timothy Gillette Congratulations on making your introductory post and officially saying hello to the BP world.

Hello BP, officially my first question here.I've been hearing lately that "sandwich LO" is not a good idea.

Well it’s official.

I hope I made sense, I sometimes speak a language only I can understand. lol

If you buy something in 2013, you will officially have two years when you file your 2014 taxes in early 2015.

Sam Leon You're right, if the back up isn't signed by the seller, with some speciifc language, it's useless.

:)However, and again maybe the confusion is state differences or attorney language, but I'm not 100% familiar with this paragraph of yours:"PS, the reason you should have an accounting is to have the seller attest to the par value at sale and show the amounts paid as the receipt.

I would go with an official real estate contract from the State of Michigan's realtor association even though I know you can draw up your own.