I don't know the details of why, but my boss said they aren't something to worry about.Now when the property goes into escrow, the fees I addressed above are relegated to me, and what ever is left over will be for the seller.

Please include the details, if you can, of the hud-1 for the short sale package (how it reads) and the purchase contract (assignment clause or other).

Please include the details, if you can, of the hud-1 for the short sale package (how it reads) and the purchase contract (assignment clause or other).

Please provide more details so that we can respond in a more thorough manner.

Since all you have is a contract right and you sell that (via a simultaneous COE on the same day) and you have held that contract right for longer than a year, it should still be treated as a capital gain to the LLC.The capital gain recognized by the LLC will flow through to members of the LLC via a K-1 form, which will get reported on your individual tax return in the same character.Caveat....please check with all the details of this transaction and make sure you can show you had and investment intent from the beginning to support your case and that you indeed have a binding contract that is assignable (most are if you have a good attorney).As for keeping the cash in the LLC, it doesn't matter.

Hey there Heather-Why not get a little bit more into detail as to what you want to do with your future REI plans!

Under the free membership, some listings show up as "premium listings" and you don't get any details.

Can you further explain the lease option and sub 2's, cant find much details on them. not sure what EXACTLY they are and how i go about obtaining them!?

It varies from neighborhood to neighborhood, so you really need to know the details of where you're working.What are house prices like?

I have been doing allot of reading today, and it seems that there is some good info out there, but not allot of "technical" details to get the job done.