the normal tax liability is based on the amount withdrawn prior to the 10% penalty being assessed.

We are based in South Jersey, but we are open to work with someone virtually.

Each person can make a different decisions and that be an okay decision based on their goals.

It looks to be a true 50/50 split based on square footage, so eventually when you go to sell you will be taking 1/2 of the property and applying the federal tax exclusion under Section 121 and the other half will be treated as a capital asset subject to capital gains.

They sent me some pictures and asked for discounts.

when lookin at skip tracing providers, find one that has pricing and payment options available based on the volume you'll be submitting.

Hi @Kaveh Narimani, I'm based in Southern California, but I have started my out-of-state real estate journey in Indianapolis.

It depends on what your starting reserves are, but if you have enough for a down payment, I would look into DSCR loans for financing, as you can qualify based on the property's cash flow as opposed to your own personal income. 

You can find a company that has flexible spending options based on the volume you'll be submitting, and doesn't charge extra for the double skip process.

And any short sale offer will have to be close to market value.Years ago, after the great settlement agreement with the big 5 banks, those banks were making mass offers of discounted pay offs on seconds.