Steve Babiak,Thanks for catching that.Chris Masons,Those disallowed losses will be allowed no matter what when t he property is sold no matter if it is a gain or a loss.

If you ignore it, it will likely ignore you, if you don't treat it with attention, others will not pay much attention to it either, if you follow what I'm saying, in the above post the law firm failed to dot the "i's" and cross the "t's", they failed to set the company in full force and effect and lost the protection it may have provided.The best way to treat your limited liability corporate entity is as a corporate entity.

Welcome to BP David T.!

I have been a casual real estate investor for twenty years.

Originally posted by Andrew T.

With that said, if it is priced right so that the end investor has the needed spread, they should really not concern themselves with the profit of the wholesaler, although t obviously happens.

Looking to network with anyone, and learn from you guys as well.Successfully,M T Durden

Originally posted by David T.

There are side benefits to rentals like tax deductions, and property appreciation, but they don't help if you lose your shirt on them.

Good Morning, So, my tenant has a oil leak from his truck, he is a mechanic and I have mentioned the oil stain casually twice now.