So, I failed to find a replacement property and couple of days ago my CPA shares the news with me that because of the 800k mortgage debt I had on the property I am subject to pay capital gains taxes on the debt?

PM me and I can give you the details.Their difficultly is probably their serviceability on the loans as banks assume that once at retirement age in AU (65+) that they are going to give up work if they haven't already. 

I would add that it's not a problem for banks with agents specifically, but any profession where you have 1099 income as opposed to W2. 

Anyone know of local DC banks issuing portfolio loans in Washington DC?

So i never understood the concept of using banks money instead of yours?

As it is, my favorite market is about 30 mins away and I need a local maintenance guy.Just banking on appreciation without buying below FMV is speculating. 

Hello, Looking for some advice regarding a re-appraisal of a property after renovations with one of the big 5 banks in Canada. 

At the moment I think my best target is property that needs work and force the equity into my bank account. 

Does a bank now own it, and if so, how do I find which one?

If the bank assumes care, custody and control of the property, then a higher standard of disclosure is required.