Developers and investors are accelerating the pace of note acquisitions, an already popular strategy for acquiring troubled real estate. With the continued weak economy, buyers have found it can be an effective tool for eventually acquiring property at dramatic discounts, and banks are tiring of holding troubled real estate. However, tax implications and other potential pitfalls can trip up unwary buyers.
Read more...GlobeSt.com - Discounted Real Estate Notes Can Be Taxing - Building Opportunity Article
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