Terminating your contracts could jeopardize your position.

I can see the cost to entry being a positive one but I am looking to weighing all the options and scenarios.

The people that reached out to me that did sign up weren't very positive about it. 

Just not a position I am willing to put myself in.

Keep learning and assessing your financial position as you grow.Good luck!

It sounds like you’re in a great position to start your real estate journey, especially with your brother as a built-in renter.

Investors should therefore exercise significant care when choosing their Qualified Intermediary because of the critical role the company will play in the administration of their 1031 Exchange transaction.It is extremely important to note that 1031 Exchange Qualified Intermediaries are generally not required to be licensed, regulated, audited or otherwise monitored by any regulatory body.

The first thing to know is that the 1031 Exchange Qualified Intermediary industry has no licensing or regulatory body. 

The loan shows it is SUPPOSED to be issued only if its in 1st lien position, but if a mistake was made in 2005 it would not be in 1st lien position.

Would anybody in similar position be interested in starting a partnership/s to go in on a loan together?