You should be able to do a 1031 exchange on the sale and subsequent purchase but I am not an attorney or CPA so you should consult with one before doing anything.

Will have all new windows & doors, commercial flooring, peaked roof, int. done very tastefully, exterior fixed up and new street-side wall installed in place of wooden sliding garage door.It's a tidy studio size for students, local workers, etc.

@Stacey Williams - Greetings, Stacey, and welcome to BP - you will learn a LOT just by setting up keywords and reading through the subsequent posts that come in (may want to have a dedicated email address for that).

We will explore all of these techniques in detail and more in subsequent postings.But no mater what technique you're going to use you want to make sure it's a win win for the both of you, however the one with the better knowledge of creative financing will ultimately come out on top.

Reputation matters to these agents and if you get a rep as a guy who will take product and perform on contracts that can make you money down the road when he slides you deals first.

House passes through foreclosure and is sold subsequently twice with title insurance.

I have seen numerous times for sale signs go up on these properties which subsequently disappear 6 months later.

He subsequently called & told them he would be collecting the rents on a prescribed date & time.

I spent more than 2 days just prepping an opening for a hurricane-rated sliding door recently, cutting block, installing rebar in the foundation and lentil, filling the block with concrete.

If inflation occurs the cost of ALL THESE GOODS goes up and subsequently so does your house.