Pretty much why I was asking on here to see what others may have personally ran into, to me it seems that it's going to be classified as income period and the seller will be responsible for the taxes on that income, only possibly/partially offset by whatever other expenses the seller might typically be claiming as part of their regular tax filing.

Assuming you are a major city in N CA there will be regular meetings.

Are you referring to the invention of ARPANET or the world wide web?

Certainly, criminal info and prior references etc. are important, but IF they have some credit history, it can speak volumes.

John CoreyYou either do not understand the question or you do not understand how liens work.A 'tax lien' as referred to by most RE investors is a lien from unpaid property taxes.

If you ask them to cite a reference they will say their broker told them.

now that most states have a 40% or higher forclosure ratio the banks are allowing compilers to access their inventory via websites and distribute their non performing properties and reos to the general public. they are selling these anywhere from 35% to 65% ltv. traditionaly it was hard for the smaller investor to obtain these properties in this mannor due to the higher minimums set at $10,000,000 but now the banks are allowing even single properties to be obtained in this mannor. i am happy to refer anyone to a broker or compiler i have used if they are interested.

Josh, I am sure there are a lot of people like myself who may not post frequently, but do read the posts regularly--keeping your server very busy.

He posts on a regular basis to this forum and clearly is experienced with investing in OH.I set up the link so you can just click on the highlighted string above.

John:Money-back guarantees are used so regularly and so extensively that they generally are not as effective as advertisers generally wish.