Hi Everyone,I have a motivated seller that wants to see there property asap but old 140,000 to bank property is off market last brought in 2010 for 155,000 property need miner work what should I do.

Tennessee does not allow land trusts so I won't be creating those here but my goal is to pick up auction or FSBO properties that would be good farm land or even nature conservancy easement potential land, grazing land, mineral rights, etc..as I start out, especially in my region.  

Real estate investing started for me in the middle of the South Pacific digging for precious minerals on the sea floor, we had several months offshore and I had picked up a copy of “Rich Dad, Poor Dad” at the airport in Australia, I had also picked up a Men’s Health.

Here are some of the more common exit strategies: Continue to hold (if its not broke, don't fix it) Sell and pay the taxes (cash out) Sell with seller carry back financing (defer capital gain taxes over the term of the note)1031 Exchange into properties that have less property (labor) management issues and/or less capital intensive issues 1031 Exchange into smaller assets (trading down in value) over the years so that you slowly cash out and don't get hit with all of the taxes in the same year. 1031 Exchange into more passive investments such as Net Lease Properties (NNN), Delaware Statutory Trusts (DSTs), Tenant-In-Common Investment Properties (TICs)1031 Exchange into gas, oil, air, water or other mineral rights that require no management Contribute into and sell through a Charitable Trust Consider charitable donations of property These are just a few that came to mind quickly. 

That rust color could be iron and minerals.

It presented a new hobby and passion of mine (Real Estate) in which I am now pursuing every day through their podcasts and audio books.  

I'll ask the really stupid question here, but did you acquire the mineral rights or the mineral rights and the land?

Depending on where you are located, mineral rights may be a possible.  

If you're struggling finding suitable real estate to put your 1031 into though you may think about purchasing some oil mineral or gas interests.  

I might try and see if Mineral Spirits or Acetone will cut through the gray stuff tonight.