Was able to receive in writing that I am good to rent the basement.

The borrower MUST receive something of value for the deed in lieu, agreeing not to foreclose immediately and giving the borrower time to reinstate, or providing a modification, is that something of value.I need to clarify that these notes are commercial and investment property, so do not have to comply with residential lending requirements.With a deed in lieu there is no foreclosure, judicial or non judicial.  

I think you've received some solid advice here, and I agree with the majority of posters that $120K seems very high.

We do not charge a fee to our members and we do receive a broker to broker fee, but it is up to the broker to pay the referring broker, and GEG opted not to pay us. 

Greetings all, I was hoping to get opinions and advice here. My wife and I own some rental condos in Honolulu that are managed under contract by an agent we've known in the building for 25 years. She works her butt of...

Quote from @Brooke Roundy: Just received my review “Awesome guest!

Received!

At some point, you can start to receive payments( flexible). 3) Partnership Interest: When a partnership or other ownership group sells an appreciated asset, they do not need to remain together to achieve tax deferral, as is typically the case with a 1031 Exchange.

If it is returned in full, the pref equity will receive their accrued pref before common equity receives their accrued pref + share of profits.So, common equity has "unlimited" upside but really no downside protection.

Here are some rules:  https://www.nerdwallet.com/article/investing/roth-ira-withdrawal-rules#:~:text=Contributions%20can%20be%20withdrawn%20from,made%20without%20taxes%20or%20penalties.I agree that you shouldn't let the tax implications be the main driver of your decisions, but you do want to be aware of the potential tax implications because Uncle Sam will want his money.