This is not based on your state requirements but federal requirements, state laws also apply.

The vast majority of notes are sold whether it is a mortgage company or a federally chartered bank.Originally posted by Craig Sturgill:I just wanted to get advice from someone else and see what you think of the deal with iFreedom as opposed to going with a traditional bank?

But if you have one property that's producing passive losses you can use those to offset taxable income from another property that's producing taxable income.Good rentals produce taxable income.

.- What is the assessed/taxable value of the property (this can actually be a very unreliable number - so I wouldn't put too much weight on this... but it can at least give you a starting point)- I call a few realtors in the area and ask for their honest answer to this question: "If you had to get this lot sold within 6 months, what would be an appropriate asking price?"

There are also federal and state programs that offer rebates and incentives for energy audits, if you dig deep enough.Hope this helps!

With a mobile home park, there's nothing really to depreciate so I'm guessing almost all your net income is taxable.

Chris Masons,Dividends will be taxed at 0% if you are in the 15% bracket or below. 15% if you are in the 25-35% brackets And 20% if your taxable income is in the 39.6% bracket.

Between state & federal last year my tax bill was over $50,000.

(Btw, he is very knowledgeable even though he is not an accountant).Your SE tax rate will include both Social Security and Medicare (15.3%) AND you Federal tax rate.

Joseph RobersonBuy and Hold is an excellent strategy, as it eliminates selling transaction costs which are relatively high, consider commission, transfer tax, selling help etc. which can total maybe 13% or so of the selling price not counting Federal and State income taxes.Number 1 evaluator for buy and hold is that it muct be positive cash flow, if not posiitve forget about it.Forget about appreciation, if it comes its all good, but if it doesn't with positive cash flow you're still good.Market fluctuations, buyers market, sellers market all really don't matter if you are buy and hold and not selling.And tax advantages are the icing on the cake, figure on positive cash flow BEFORE tax advantages not after.I like 30 year fixed mortgages for rental properties, and borrowing as much as you can for as long as you can, to reduce the monthly payments.Besides my book, the two best books are:William Nickerson "How I Turned $1,000 into Five Million In Real Estate"and David Schumacher "Buy and Hold"