I haven't made a profit yet, but I have only held the deal for around 7 months.

@Ronnie GentryThanks Ronnie - where is it held at?

@Kim Durst Potentially you could take the $10k, then have another $10k (or whatever amount you feel covers your cost if there are further issues) held in escrow.

In my personal experience I was inexperienced and my company a brokerage (which are affiliated with many banks) held my hand through my learning process, paid me a base salary, gave me leads which I split my commission, guided me on how to attain relationships with realtors and how to generate leads,  they have many accounts with real estate brokerages where they are the exclusive lender which was a plus.

The next event will be held on 2/29.

Hey Mohammad, You may refinance the loan if the property is held in an LLC however many lenders will require you to close in a personal name. 

Since the program started in 2017, you can’t have held them for 10 years yet, so you can’t sell the properties without a capital gain, although depending on when you bought them, I believe you might get a 10 or 15% stepped -up basis even if you do not hold ten years.

You can sell them without loss before the expire if you want and still get all(most) of the interest owed for the period of time you held them. 

Prior to closing the buyer will wire the purchase funds to the title company to be held in escrow. 

Dealing with trustsI've come across a few properties held in trusts and wanted to know the best way to contact them.