I was not able to post the full details due to character restriction. I have $68K invested into the two lots.
I recently sold them and I am “owner financing” them. (Two separate sales). Between the both of them I have received $49K in principal and interest payments.
So I still have made no gains. But I am due another 43K in monthly payments. 20 year loan.
Do I need to file this? Or do I still wait until I actually make a profit?
Thanks in advance!
