Specifically we are looking to pay an appraiser for their time and in exchange they could help educate us on what we can do to maximize the projected ARV.

I have a Lot in Tucson under contract that we plan to either wholesale or Close for on for our own Portfolio, so there is no chance of a fall-through on this one.That said, we are giving the Seller a cash advance on the sale in exchange for a longer COE.Does anyone out there have a modified Promissory Note designed for a cash advance while in Escrow? 

The plan is to 1031 & buy another property in more favorable conditions even with an 8% rate.

I'm convinced there's no consistent take on these exchanges.

utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

utm_source=search&utm_medium=internal&utm_campaign=booksSimply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

The closest equivalent that I know of is a 1031 exchange.

so i have been working on building my marketing plan and I plan on hitting NYC area my family is in nyc and so am i right now and i guess you could call me an opportunist with lots of spare time so i want to use wholesaling techniques to snatch off market deals cutting out all the middle men involved and yea fixing and flipping them for now as i have a limited source of capital at the moment although eventually i will be holding multi families for rental income...My plan is to find a broker or agent willing to pay a monthly fee (equivelant to my advertising cost) in exchange for a steady stream of referrals for all the motivated sellers who call me but are not willing to work with me at my price or have a move in ready home and want to sell at market value which is clearly not what i am looking for....there are so many empty billboards in NYC but i will probably start out with a 3x12 Banners that i can have made for free at the moment and find willing commercial business owners in industrial areas with a high traffic count...

I am a LEED certified architect and admire places like Portland that have adopted this strategy as a way of life.Keep me posted on your progress and lets continue to exchange info through BiggerPockets.Michael

In terms of taxation if one wanted to hold and avoid this liability, wouldn't a 1031 suffice?