This means if you can only afford a 60k property and are expecting 800 rent for it and a 3 bed 2 bath in the area you want and only 2 such properties have transacted on the MLS in a year then it's a pipe dream.

Additionally, you have a signed lease already in effect, security deposit, and first months rent.

The LA market is crazy strong, but we're not seeing nearly as many all-cash deals as last year, but still quite a few.If I recall correctly, Realtor.com published an infographic that showed nearly 50%+ of all real estate transactions in the Los Angeles went above asking - crazy.

You call and they return your call late the next day, way too late to help and they will most likely want to meet with you first before they give some free advice over the phone in your emergency.In RE we deal in transactions that have value and take on liabilities in the ten and hundreds of thousands of dollars.

It seems like that's the most uncertain part of this transaction.

-the negative credit effects of a short sale are generally less than a foreclosure.

Hi Jessica,I'm not local to Vegas, but was interested in investing there for a period of time, so did the necessary research, made a trip there and found a team to make the transactions work.

If you do a deal once, assigning contracts it's not an issue, if someone is running around and doing the 15th deal (example) they pull the facilitating phrase out to be applied.I agree that you are selling an option contract and not the dirt, but you might consider viewing it as facilitating the ultimate sale by using a method that is being implemented consistently with the expectation is to ultimately transfer title.You might also look at "net listing" issues, not saying it applies, but agents have to ensure they are not engaging in some method or systematic contractual transaction that nets a fee for services or facilitates a sale above the price received by the seller.

The net effect is that it reduces self employment tax from 15.3% to about 5.1%.By not commingling the two types of income, you'll also reduce SUDA and FUDA as well.I would get EIN numbers for each LLC.

I will add a clause in an addendum that I will pay up to X amount (generally $2-3k) over and above my offer if additional costs come up that are necessary to close the transaction.