All Forum Posts by: David Kurtzman

I sold using an installment property.  New owner is selling using a 1031 exchange.  He has asked me to move my note and trust deed to the new property.  I am willing to do this by leaving the current note intact and just changing the collateral.  There will be no change other than the security.  Will this terminate my installment sale?

In my opinion what you are missing is a good agent.  I been an investor and a broker with over 150 different agents working for me over the years.  The hardest thing to teach an agent is that you "represent the client", you are not "the client" so you do not make decisions, you give advice and help the client make the decision.  Unless the agent has been given specific instructions on what will be considered then all offers should be forwarded.  One never knows exactly what a client's circumstances are and situations and attitudes can change abruptly.

I must admit I am working on my end game (I'm 76) but I have found that the happiest people I know do not have primary home loans.  I do remember before the last recession people who leveraged their primary homes to buy more homes and ended up with nothing.  Any time you take on debt it is a calculated risk.  Calculate cautiously.