Though it might “seem” that you can arbitrarily attach the “tax basis as the fair market value” and thus receive $0 gain, the IRS would not respect this if you were selected for audit.

@Grace SantosThat seems odd, but I also think the appraisal and lending world are always five years behind on these things.

It seems like you are already familiar with Multi-family homes.

@Michelle Sharko That's a nice low price point for a resort condo, so it certainly seems worth consideration. 

This seems like BS.

It seems the northern part of Suffolk is growing rapidly.

Typically private lenders won’t you CJ long periods of time unless it’s astronomical Interest as money is constantly devalued and $100k today vs 20 or 30 years from now will seem the money essentially worthlessOnly reason it works for banks is because the money they lend actually doesn’t really exist they make it up due to fractional reserve lending

I Live in jersey and the Prices seem to not be going down here and there is little to no inventory So I started to look at Pennsylvania.

Most agents I talk to seem to think seller financing is dead in my local market.

The quote I’m getting is for 4200 and that seems a little high.