That's exactly what I was thinking and I knew that in order to pay them back because it would be a short term loan would be to refinance and get a conventional loan.

I would express these exact sentiments to him and ask him what he thinks would be an equitable compensation based on what he has brought to the table.

I have a friend in my hometown in the midwest who sold his business and started rehabbing properties there for buy-and-hold purposes and he's been full time now for some years.

Therefore, since your total gain is less than $416,666, the entire gain is excluded for income tax purposes if you sell it this year.

Use this: SFH Deal Analysis Spreadsheet Ok now, you should be doing your own market research to determine the market rent for those exact unit mixes in that neighborhood.

I didn't know the purpose of ownership played into the 1031.

Then, a hearing is conducted and you must prove your case.In both Colorado and Texas, the county agencies either sell tax certificates annually or annually turn the debt over to attorneys for collection.It may be the wisest to research your state’s statutes to get the exact answers that apply to the property in question.

& Steven Hamilton II were exactly would you find this information, finding a lot of LLC's on Cash Buyers that I have to contact.

The only advice I would give is to make sure you know exactly what their screening criteria is.

This is exactly the kind of thing that could happen.