Hi all need some advice am selling my 1-bedroom coop for 325k signed contract -2bedroom sponsor unit was asking for 575k lowered it to 560k and will pay his closing costs.

Since you're interested in syndications and leveraging non-recourse financing, here are some key tips and opportunities to consider:Regarding Syndicatinos, due diligence is key – Not all syndications are created equal.

The whole house needs to be remodeled due to lots of wear and tear and being outdatedI am planning to use a HELOC on my current property for mostly all the repairs.

I understand it was (allegedly) caused by a kid, but parents must take responsibility for their children's actions.

It's full of bookkeepers, tax pros, CFOs, etc who all specialize in serving REIs.

I would take out a private loan on the paid off property to get the other one squared away

He holds them in trust and cannot take ownership of them until a future event has occurred: A charge related to the tenants' leases for breach or excessive wear and tear, etc.No credit, no physical transfer, no closing.

I grew up in the land bizz  currently building out a 75 million dollar housing project in Oregon that I own and developed  I bought the dirt  7.5 mil cash and did all the horizontal in 3 phases about 2 mil per phase for development costs ( these were bank loans) then same bank gave me vertical loans and well we are down to the last 17 houses of which I have 11 presold and closings every two weeks for the next few months ..

@Yael Fuerst, if you choose not to do a 1031 exchange, you would also have to recapture all of the property's depreciation as well as capital gains tax when you sell. 10 years of depreciation on a $100K house ($80K of structure + $20K of improvements) You'll have an additional $9-$10K of tax on the depreciation.

Welcome to the forums, this is so great I see questions about design all the time and I've personally experienced the design paralysis myself.