Tracey,What do you mean by "yield" in this situation?

Ok, heres my situation, Im 24 years old..

According to the IRS, the home mortgage interest deduction taken on Schedule A can only be taken by an individual who (1) is legally liable for the loan, and, (2) actually makes the payments.The situation you describe in your example suggests that neither brother is able to take the home mortgage interest deduction.

Thanks Mike for the reply. my situation is a bit different than what people may think.

The ideal situation would be to have all of your buyers lined up and then go out and find deals but I would not let this stop you from going out and finding deals.

Polanyi wrote that a self-regulating market, the kind bequeathed to us since Ronald Reagan, turned human beings and the natural environment into commodities, a situation that ensures the destruction of both society and the natural environment.

Larry, That would be one method, but would depend on the lender.If the property has not yet been purchased, you could buy it using an LLC, get the commercial loan in the name of the LLC and then transfer the ownership of the LLC, but this would also depend on the specific lender.The best option I see in this situation is to use the land trust.If you do not care about the new buyer knowing what your profit is, why not simply assign the contract to him/her for yoiur spread, and forget about the LLC and land trust?

But one thing you should learn from this situation is that there is no realistic way to tell if it is a deal until you do some research.

The situations that you bring up in your posts are really sad.

New to RE Investing and have been keeping up on the latest financial situation(s) regarding Fannie and Freddie.