I had to tell my friend that it was not the old crew, but a reboot of the franchise, similar to Batman Begins and Casino Royale.

Originally posted by "spectrus":I am no expert like John but I can offer a little assistance.A quick Google search on tic tax benefits should give you some answers like what I posted below.A TIC 1031 Exchange allows you to exchange your management-intensive property for an institutional-quality property with the potential to generate steady income, tax benefits and appreciation.Interesting.

I've seen some institutions, take other deals that are better and came in later, even though they gave someone else a verbal.

Tim,Short Sale (two words) more professionally referred to in the lending industry as a "Short Payoff" means that the institution at hand is accepting less than what is owed to them.

Your state, like mine, allows up to five sales per year to be exempt from the South Carolina Mortgage Lending Act but it sounds like your plan is to ensure compliance and become a registered lending institution.

Yes, loans for under $50k are hard to come by from institutional lenders.

I am not sure who you worked with here but, I can tell you that the biggest problem is the Gary stigma and there are no institutional note buyers that will buy in that area right now.

FDIC usually takes assets over and sells them to other institutions.

And then some of the odd actions taken, which appear as smoke screens, like the fed's instituting a new way to calculate CPI that does not factor in 1/2 of the true mass market factors, so to appear that there is little to no inflation.

Some investor or broker who has done maybe 300 deals has not done enough business to experience enough defaults and funding problems yet...you never know when you'll get squeezed for money.Best way is to line up with a bank or another institutional lender for a line of credit.