I'm a bit of a classic car enthusiast and like most of us out there, we just don't have the cash sitting around to dump on a fun vehicle that needs constant attention and can be costly depending on what you want.

A classic example of placing a cart before the horse!

-the seller should collateralize the note with the property (although the construction lender will want the note subordinated), pay off the loan (in addition to regular payments) with release fees as each lot is sold, and make sure the interest is paid (not accrued) regularly.Your issue is classics dealer vs investor issue.Note: Classification of gain as capital or ordinary is determined property-by-property, based on the statutory determination of whether the property is a capital asset or property held for sale to customers in the ordinary course of business.

Experienced investors can also revisit some of the classics or find some newer books and books you wouldn't expect to be on that list!

. :)Classic lawyer answer: it depends.Non-humorous answer: it really does depend.Real-life answer: no, it really does depend.On what? 

Hi @David Geiger, You are referring to the classic two party swap. 

I feel that she has become the classic disgruntled owner who doesn't want to get rid of the house but is tired of dealing with the trouble.

Purchase price: $240,000 Cash invested: $100,000 This was a great project my investor is undertaking right now, it is a classic grandma home that needs a full gut.

  - You sound like you are in the classic spot of moving from the scarcity mindset to abundance mindset. 

Chrome is classic and IMO will never die.