That way, you're getting paid without having to interact directly with the tenants, screen them, collect rent, drama, etc.

Thank you is there a pre foreclosure script anyone have?

We currently have one rental property that is fully paid off, generating $2,150 per month in income, with expenses around $1,000.

Once sold, my goal is to have these mortgages paid off from the BRRRR method that I did and move on to different investing opportunities.

If the broker you worked with was paid by the lender, the lender will ask for their commission back. 

Now, you can't do this with yourself, your business, and certain family members, due to the prohibited transaction rules governed by the tax code 4975. 2) Some individuals have large pre-tax 401ks that they rollover and then convert to the Roth IRA, paying the taxes now so they dont have to pay later out of the Roth. 

I furnished them from estate sales and local furniture shops, and the furniture/sheets/towels become damaged over time and need some care.I have a PM manage the remote houses, and they cash flow just fine, the PM handles issues that come up, and they paid off the debt on them once.  

If it’s paid off, ignore this part. 3) I did my first 1031 last year with Dave and I haven’t looked back.

- **Income Stream**: Discuss how seller financing can provide him with a steady income stream while still retaining ownership of the property until the loan is paid off

The rest of the land isn’t really easy to build on so It is virtually worthless to you.Let's say you paid $5MM for the facility based on NOI and the land came with it, virtually free.So you decide to get the property appraised for development value and donate it to a land conservatory.The appraiser runs some comps on other land recently purchased to get you a value.They come back and tell you the current development value of that land is $50,000 an acre. $50,000 times 15 acres equals $750,000.You give that $750k development right to an agency, and It is treated as if you gave $750k to the Red Cross.It's a huge deduction.Depending on your tax bracket, that tax deduction could be worth several hundred thousand dollars to you.It's a pretty big deal.