Now, I’m sorry that the posters lost money.

Send the remaining money to me and my wife and pay mortgage with that from our personal accounts. 

Even in my own business, where we own about one 800 units across Massachusetts, New Hampshire, and Maine, the only times we have ever lost significant money were the projects where we drifted outside our buy box or took on something we did not fully understand.

You will pay 10% penalty plus taxes on that money.

They transfer it into your new properties by lowering your basis.

You seem to have a bug up your butt about hard money versus private money, @James McGovern, as it seems to be your favorite topic.

If you bought with cash or a conventional loan, you can typically transfer it into an LLC via a quit claim deed, but check with your lender first if there’s a mortgage.

@Kelly SchroederPrivate money for purchase and DSCR loans to refinance out of the private loan.

PROBLEM:Year 2014- The 2nd lien Note  was never paid and the lender did not take any actions to enforce their rights for many years.The Wells Fargo 1st lien eventually PAID OFF IN FULL (thereby sliding the non collected 2nd Mortgage lien into a PRIORITY lien Position)in 2014 the property was purchased and was transferred again.

It's like riding a bus, using transfers.