We have been in a recessioin since the 80's and have never returned due to plant closings.

The monthly payments are comprised of principle ("some" of which is a return OF what you've got in the place) some of it's income in the year received.Congratulationsall cash

With several dozen checkbooks, several dozen tax returns, several dozen filing systems, it would be an endless amount of work and a lot of extra cost.

2.Will you get an acceptable return?

Has anyone gone down this track, of suffering the first few years, and then gaining a nice return, and how long do you estimate I'd need to eat ramon noodles for?

If you want to sit out, woudl you be interested in making solid returns on your cash secured by 1st and only position loans on real estate at LTVs no greater than 70%?

How should I report the transfer on my return and on the LLC's?

There are disclosures and specific forms that must be used, but its perfectly legal to buy a house in foreclosure and "flip" it to another investor or fix and flip it or whatever.As I understand, Maryland has laws that say you must return 82% of any profit to the former homeowner.

After all, doubled profit will return to you afterwards.

He has not returned any of my calls, the only thing he has done is have some kid that works in his office call me back one time.