Selling off part of the land could free up some cash without losing the whole property.

But it seems like 'nothing' comes for free.  

In my experience in MO, land bank properties are very low priced (these are generally properties/parcels that weren't sold at the tax auction), but they often have significant tax liens on them that must be cleared in addition to the "sale price" AND they require a significant amount of rehab in order for the properties to be inhabitable. 

Would love to hear from the community on their thoughts or experiences.  

So if you buy a 5 bedroom house and rent the spare 4 bedrooms = you can still sell tax-free under the 121 (you just pay back depreciation) If you buy a duplex and rent 1/2 and live in 1/2.

Do you have any RE experience?

Does anyone have experience doing this, and know how to go about it?

.: Quote from @Jay Hinrichs: Quote from @Shiloh Lundahl: @V.G Jason that wasn’t my experience.

the lis pendens was dated feb 25th. im purchasing this from a wholesaler who stated the transaction will result in clear and free title.

Feel free to comment below or shoot me a message or colleague request.