It is a shame this strategy would not work. 

This information is not included on the Form 8824 reporting the 1031 Exchange, and, not being a taxable transaction, is not reported to the IRS.So, the IRS has not "accepted" this technique.And, I think it is highly likely that in an audit situation, the immediate cash-out refi would either be recharacterized as "boot" or be declared a "sham" transaction, and the entire 1031 Exchange disallowed for violating the spirit of the law.It would be tragic if one of the Forum members ended up in that situation.And I have never said that the Replacement Property cannot eventually be refinanced.  

They are building my retirement / legacy for me.It is a shame more folks don't think like you.Now on the flip side I have the horrible tenants as well.Tentants = Part of my team = My retirement = treat  all people  the way you want to be treated= its much easier tot deal with happy folks instead of miserable folks.Happy easter 'Alex

A handshake now days seems to be no more than that..... a shame.

And wouldnt it be a shame to lose all that cash to paying off a mortgage when I could invest it in many rehabs and earn what I need - I dont want to kill the golden goose for a few eggs.  

I'm never ashamed at what I can afford to pay since it gives them something to think about and I'm not trying to low ball them but rather treat them as adults who have an asset they are trying to unload.

I will tell you that it is a shame that some posters here, put up generic welcome posts simply to up their post count and contribute little else to the site.

After your meeting, if you wish, she can provide you with a written opinion letter that discusses how the Trust will work on yourparticular situation, and the tax implications for you.This should give you some peace of mind to know that you can rely on what Platinum Trust Group has shared with you.For more reading, at the bottom of the IRS page, you'll find a link to a table of contents located at https://www.irs.gov/businesses...You'll see in that table of contents a link to a section on taxation of Non-Grantor Trusts located athttps://www.irs.gov/businesses...As you'll see in the Taxation of Non-Grantor Trusts article, it states: "If the trust is not a sham and is not a grantor trust, the trust's income (reduced by amounts distributed to beneficiaries) is Taxable."

I feel like I have a really nice home that could be great for someone that would be a shame to just tear down and dispose of. 

I'm originally from PA and I've spent some time in coal and steel country, it's a shame how much that area has declined over the years.