Couple this with the "Cash Distributions from Capital Transactions" clause and you begin to see the real problem.

I own two Versity/Crew properties and have similar frustrations and experiences with them AND the broker/dealers who handled my transactions.

Hi Chris, if I understand the transaction it sounds like you will receive a 1099-S for the full amount.

This type of transaction occurs frequently.

Its more transactional than a traditional sale so you want to find out who the decision maker is and negotiate with them.

I am in it and feel it is worth it as they have groups all over the country who, with experience transaction coordinators and funding groups, and even closers to help you along the way.

Could call the title company or transaction coordinator to validate.   

Legal and Regulatory HurdlesReal estate transactions involve legal complexities that can overwhelm newcomers.Solution: Learn about legal requirements early on and seek professional advice when needed.

I realize people are trying to make a living, but anyone who cold calls me is the last person I'd use for any transaction (plus I have people for that!).  

There's a transaction fee cut off each payment (to cover the cost of the company that handles the transaction).