You have recognized 1.5k of your basis in the installment agreement.

This, I think, is where the logic of the standard method of wholesaling fails, and why the state has recognized it as unlicensed brokering -- the contract signed doesn't obligate the buyer to do anything at all, and as such, looks more like a nonbinding letter of intent or an option, and vests no title in the buyer nor rights of specific performance in the seller.

:chicken: I just love this whole concept of owning real estate - owning it, selling it renting it, evaluating, researching, recognizing opportunities - it sounds challenging and rewarding!

I was wondering how you can recognize one and be able to get the best deal with it..also i guess i need to have a better understanding of what it is thanks

I know it has changed drastically since then, but just great to see a town a recognize on here.

Petersburg, VA, a city that has been economically devastated for years, since the Civil War, is now recognizing the Civil War Sesquicentennial, with its historic battlefields, mansions and properties that were part of Civil War history.If you really love history and this country, wouldn't you like to be instrumental in rebuilding a crumbling USA?

Then either pull someone else in or have the llc recognized as an s Corp would probably work. 

In most states it is very easy to submit the forms to file the entity and be issued a certificate recognizing that the entity has been established.  

arter Stout | Atlanta Commercial Real Estate AttorneyMartindale-Hubbell has recognized his excellence by awarding him its highest A-V rating.

I say this not to criticize, but to help you to recognize the pattern so you can change it.When you offered to vacate the eviction if you also received March rent, did you at least do that in writing?