I had hoped they'd just give me the money at once, but it doesn't work that way.Must have a good FICO and pick property in an area the lender can visualize.

When real estate is held by an LLC of a husband and wife in a community property state, and then sold at a profit after being held for at least one year, does the LLC qualify for Capital Gains Treatment of the gain?

Decide if the S comes with some liability from the past before putting assets into it.Both the S and the LLC have pass through tax treatment.

Typically showing large witty slogans and distinctive visuals, billboards are highly visible in the top designated market areas.When you place a billboard make sure it is either in your buying area or in a high traffic area.

You have to hold them for one year to get capital gains treatment on them.

An LLC treated as an S-corp for tax purposes will enjoy the same tax treatment as the S-corp.

:protest: :protest: :protest: :protest: :protest: :protest: :protest: Mike (Citizens for the Equal Treatment of Landlords, Victims Advocacy Group)

The upside is the normal IRA tax-free treatment.

Or better yet find someone who has any personal experience with the COB Sale, or anyone who may be interested in a joint venture.As I understand it these properties will be sold free of any outstanding liens, for the greater of 20% or $500 down and the balance due approximately 6 weeks later.I have completed some research/due diligence on the properties that are in the neighborhoods that I am most familiar with and there looks to be some nice ones still on the list (owners have until the last week in Sept. to petition the City to remove their property from the list).Things that I have completed in researching the properties have been:•Current owner(s)•Property class•Tax Value•Last sale price & date•Drive-by/visual inspectionIs there anything else that I should consider trying to determine before the sale?

@Jason Mak, Cost segregated property does indeed qualify for 1031 treatment.