I am thinking that if I buy a rental for cash and then refi it in a year or so I can extract the cash w/o a tax consequence.

I choose to go out each day and extract value from the market.Sadly too many agents sit around wondering where the business is and getting one day closer to leaving the business.Best wishes.

Sounds like he wants you to put $5000 up front to pay his attorney to try to extract himself from a foreclosure filing.

@KC Zhang Yeah I'd be interested in this as well, but wouldn't it be more helpful to also extract the crime rating & school rating from Zillow or Trulia?

If it is a decent sum you might want to take the cash now and call it a day.If it's a tiny amount tell them the amount will keep growing with penalties and interest daily and they will be garnished.If they have any money this motivates them to say so.With a small amount you are better off over the long haul extracting the money from them and let the judgement company hound them and go after them.No legal advice.

These wells are record producing wells extracting some of the highest quality sweet crude oil, Oil prices would have to go into the 60's or 70's to slow the boom down.

About half of that is focused on finding new deals, about a quarter is focused on rehabs that are underway, and about a quarter is focused on selling completed projects.And just to clarify for those new to this business who might think it's easy to just work 10-15 hours/week and flip 10-15 houses per year...The first year I did this business, I worked about 100 hours/week, and spent most of that time putting in places systems and processes that would allow me to mostly extract myself from the day-to-day aspects of the business.

Warning: It's a rabbit hole that may extract many hours of your time...

It then reaps tax deferral status, and builds cash value that can be extracted "tax free" in retirement.Yes, it makes huge fees for the advisors selling this.

Rates have changed things, but I have good cash flow n San Diego and would have outstanding cash flow if I had not extracted value.