But later on when we found one come up for sale, he called and said it was a good deal so he was going to place a bid on it.

You may have a new cost basis in the new property that you just acquired, but what about the realized and not yet recognized gain from the installment sale. He

Hi @Beda Yang , it definitely sounds like you've got the drive to be successful in anything you put your mind to.

@Sean Yang  yes it does but he needs to give you some disclosures..

I'm worry about that after the sheriff sale he does not have any rights of the house. what should I do?

but oversight would be easy...My thoughts on approaching him are:  sell it to me now, for a legit profit, without having it vacant, and also save the 5% commission for sale.  He

@Vickie Yang  thanks for your words of encouragement.

Sorry to be a downer but rents are going to have to increase in secondary markets such as ours at a rate similar to the increase in for sale housing prices to get ground up construction to pencil (at least at my level of acceptable risk and expected returns).

A family member wants to sale her house that is almost paid off (10,000 left).

I came across the idea of using a 1031 eligible fund known as Delaware Statutory Trust (DST) for the seller to park his money in upon sale. He