f) has something happened in your life, like job loss, death in the family, or divorce that makes it impossible for you to pay?

Even if you have strong positive cash flow from your rental real estate, chances are you still have a loss for tax purposes due to the depreciation deduction.

Unless you qualify as a "real estate professional", you wouldn't be able to deduct your excess passive losses (losses that exceed your passive income) against your other income.I know you're hating to pay all those taxes.

Months will go by and eventually the bank will step in to offer the property on the MLS as a shot-sale, the bank is selling the property (sometimes with the owners help) as a loss and is not receiving all the money the originally lended.

Do you inquire about FHA loan programs?

Maybe they think something is going to happen and that big loss of investment that they bought into will change.

He has a really good program and I think that you will really enjoy it as well as it being informative.

Depends...It depends on you overall tax bracket with other investments, earnings and business losses to offset income.

He did provide a ton of valuable information and, as he said, he is not looking to sell you some huge program. 8)

Why read this for so many people have loss their homes due to ARM's recently.