Plus, your friend already told you he wasn't impressed.In the future, try searching past forum posts to begin your search for feedback!

.- Post auction;   paid for a BPO (broker price opinion) and the value is far lower then my total costs (the credit bid),== Tax filing Questions start here.- How do I treat the loss in value between the new lower FMV vs my costs (the credit bid)??

Hey guys and gals,Last week I made a post going over regulations and licensing in Austin, TX.This week, I want to add what the actual penalties are for a failure to comply with their requirements .

The bank will do an appraisal based off the ARV, so that way the numbers are already known up front and generally, minimal surprises.As mentioned in my original post, the goal is to create equity,  and get your DP back out through a refi (and still leave equity in the property) and still have a cash flowing rental property. 

Originally posted by @Christian Walker:@Jerryll NoordenThank you.

Thanks for your post.

I simply want to sell it for the value of the land at this point.I was answering Michael's question and I posted this because this is the real estate I'm involved in and I wanted to share with the community.

You can read/post in that section to learn more.Best of luck and glad you're here!

Hi Alison,First of all, thanks for your time in reading of post. 

I'm not in that market, but I do see a lot of forum posts and comments from people in that market and Orlando who are really suffering.