Here's what auction.com said about the transaction details: "Buyer will not be charged a Buyer's Premium for this property.If you are the Winning Bidder, an Earnest Money Deposit of 5% of the total purchase price or $2,500 (whichever is greater) is required.Buyer may receive a Special Warranty Deed or equivalent if Buyer is able to purchase title insurance without delaying the closing (title fees typically cost between $500 and $1500 and are based on the purchase price of the property).

Account Closed Great, I will definitely keep that in mind.

Immediately filed tax appeal based on the closing price, won and reduced the property tax.

The contract ratification took 4 months, now it is clear to close. now, I have to purchase it in less than a month.

I found a lender that will cover the purchase and rehab, but I need to pay the closing cost, which is about 3–5%.

Did you buy out of state from where you live or is this close to home for you? 

I’m closing on a duplex I plan to live in one side and keep one of the tenants on the other side .

Tahoe for me right now = amazing STRs with huge cash flow and appreciation (1-2 bedroom units / close to ski resorts but not high-end luxury properties) Florida for me right now = pretty decent STR with cash flow that covers the bills but not a lot more + appreciation which is pretty significant.

The custodian signed the closing docs that included the loan, received and forwarded all the mortgage statements, and paid the mortgage monthly.

Selling an asset close to the end of the repayment plan might have fewer implications than selling earlier in the process.Capital Gains Tax: Regarding capital gains tax, the debtor should consult with a tax professional to understand the tax implications of the sale.