Payments coming in after the exchange is over are going to be taxable.The only options you have are to sell the note while the exchange is underway so that you can take cash to finish the exchange. 

We just completed/sold our first Flip in Suffolk, Va... have another underway in Norfolk, and 3 more properties under contract in downtown Suffolk.

I then sent the photos to Clayton to give him a heads-up about the extensive work still needed to be done and he again assured that the work could get underway once his crew "have legal ability to get into he house, we'll address the remaining items that need fixing and get it done."

We're making the rehab work -- the roof is replaced and landscaping work is underway.

I'm interested to learn if there is an effort underway to get the DA involved, whether in CA, ID, TX....They can't be allowed to walk away from this.....it's criminal!

I have gone to most of my closing tables and walked away with a check as I bought the property (granted I have a bigger loan, but now have rehab cash).My last deal, currently under way, they are willing to pay rehab (if it appraises right as per above), but I must provide receipts for rehab and they will reimburse me.See the link in this REO forum:http://forums.biggerpockets.com/viewtopic.php?

I'm currently underway on my first rehab project.

Construction was already underway and it was 10-11 months to the keys to the apartment.

I would not expect an area to change dramatically unless something big is already under way.

They made an announcement as soon as things got under way and about half the people there left.Why would anyone waste their money on postage and send out 100's of fake violation notices?