The sale of your existing property and subsequent 1031 Exchange into land with a corresponding build-out of a multi-family property is referred to as an Improvement 1031 Exchange or a Build-To-Suit or Construction 1031 Exchange. 

The firm holds free seminars for landlords to ask any random question too, I went to one before finding my first property (I really need to go again now that I'm an actual landlord) but I had him write up a contract for my first rental that I have tweaked for the subsequent properties I bought.I also had him add things specific to my request like forbidding the use of candles for non-emergency situations.

Hi forum:Went to Jersey City tax lien sale today, and I am sure I must have missed something here.It was an accelerated sale, which means unlike regular sale for the previous year, this sale will clear all delinquent taxes up til this point and no more subsequent tax pastdue by today. 

For the last 10 years I have been diligently contributing money to my 403b, to watch my "balanced portfolio" suffer the same fate as the stock market in 2008 with subsequent recovery and modest returns.

You might put into your option contract that you have rights to market the property and to recieve and approve/deny all subsequent offers.

(Actual %, friend is a realtor/manager, gives me a great rate on properties I buy through him if they're in a good area)10% Maintenance/Repairs -- ($165/mo.)NOI -- $12.4KCash Flow -- ~$40/mo.COC -- 3.5%Cap Rate -- 8.6%Total ROI (Including Principal Paydown) -- 45% in first year (goes up in subsequent years with additional principal pay down)I think I did well for a first buy.

Originally posted by "REI":channel7,Good deal based on the subsequent offers.

Granted, there are variables that would influence and subsequently guide each member towards a different strategy but if there's some basic advice you can offer that would be great.  

Your purchase will be closed first, then if you're getting a rehab loan, that is a subsequent transaction in another settlement.

The one who holds the oldest lien has the advantage of foreclosing earlier than subsequent lien holders.