Quote from @Alexis Herrera: Hello, I have a home in Miami that someone is willing to sell. 

For a $70k home with $15k in repairs, selling at $100k might net $10k-$15k, or 12%-18%.

@Kim Tran There isn’t a direct equivalent to a 1031 exchange for selling an investment property to purchase a primary residence, as 1031 exchanges are strictly for like-kind investment properties.

I am guessing they were able to buy multiple properties in a year after they started seeing some profit from selling or refinancing homes they already had.

However keep in mind you want to showcase your property’s strength so if the land or aerial view is a major selling point, consider leading with the overhead shot. 

I wish we could tap into equity as easy as that. let me know if I can help in any way but probably not to answer your question. if you can split the lot and sell half that might be an idea to recapitalize. that's the the only way 

Speak to an advisor as I am not one but I believe Your cost basis is going to be an issue when you sellLet’s say you assume the loan today for $120k and in ten years you sell it for $500k.

I've lived through rehabs, flips, short sales and made lots of money on buying and selling real estate.

Once the home is done we will be selling it off and splitting the net profit.  

Most of the big land wholesalers whole-tale the deals, meaning they actually buy/close on the land (using their own money or other people's money) and then list on the MLS to sell, because it is very difficult to find buyers without widely marketing it.