That money has no effect on any medicare eligibility, but If she (or the rest of you) want to eventual have medicade paying for her housing, the proper procedure is for her to spend that $52K first.

I plan to ask my agent for a list of cash transactions to find out where the investors are already buying - (to then find deals in those areas to wholesale myself.)My question to BP is whether this is a sound approach.

Second, some REO sales have deed restrictions that effectively eliminate the opportunity for a 'wholesale' deal.

Plus, more importantly, you will want to have connections with many people to make your launch into real estate most effective.

But once you have been through the process successfully, the next transaction will be easier, and you will have learned tons.

As to the Realtors, your agent being in the same company as the buyer's agent means your agent was probably the procuring cause of the sale transaction, their agent was aware of your selling or your buyer saw it in a listing, etc. so commissions are due.However, an installment sale doesn't won't transfer title which is required to define a sold property, they are not entitled to anything until the purchase is made.

I thought this subject due option sounded interesting but am still performing due diligence and seeking advice from others who have done this type of transaction.

From what I have seen, such notes are okay for rather small amounts and short term transactions.

I also new the most effective way to communicate to the target market.My business plan was a great success.

The sale of the home is considered to be for health reasons if the taxpayer's primary reason for selling the home is to obtain medical attention (diagnosis, cure, mitigation, or treatment), or to obtain medical or personal care for a qualified individual suffering from a disease, illness, or injury.Unforeseen circumstances may include: an involuntary conversion (destruction or condemnation of home), unemployment, the inability to pay basic living expenses, or a change in living arrangement such as a divorce or legal separation or multiple births resulting from the same pregnancy, and other reasons to the extent provided in regulationsThe taxpayer's exclusion would have been disallowed because of the "more than one home sold during a 2-year period" rule, except that the taxpayer sold the home due to and of the three reasons listed above.The taxpayer otherwise qualifies for the sale of home exclusion, but there was a period of nonqualified use during which the home was not used as a principal residence (effective for tax years beginning after December 31, 2008).Example: John bought his first home in 2003.