-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.

I have completed tax appeals for people and helped them hack a large percentage of their taxes off because of a lower value.2) A new owner actually bought it for $19,000 and the county picked up that number from the transaction.3) The county could have re-assessed all the properties in 2012.

@Nuhan Demirkan:Thanks for the good advice,Just to close and report the result of this transaction.

Hi, first, look at it, then run comps, run the numbers, determine rents, estimate repairs, if it's a flip figure in profits, holding costs and 2 transactions.

Residential Properties close to heavy or noisy traffic should be discounted by 10 to 20 points throughout the transaction.

I am also interested in and actively seeking to helping Investors/Wholesalers with Owner Finance or "Subject To" transactions.