It would pencil out like this:Sales Price: $3,600,000Basis: $600,000Net Gain: $3,000,000Our Share (50%): $1,500,000121 Exemption: $500,0001031 Eligible: $1,000,000Primary Residence: 33.33%$$ Producing Land: 66.66%We now have the property under contract with a home builder.

The stories are amazing and incredibly helpful.

Phil,There is a chance you can keep the EM if you can prove you lost other tenants and where the proof comes in at if you can produce sign applications and what would you do if the other side wants to talk to the tenants you say you lost.

They are Wells Roofing LLC and Wells Construction.This website appears to be an incredible opportunity to network with others who are ambitious and excited about investments and real estate.

She is getting 3% now ( 3 times more) win win situation and incredible opportunity for us ( she is also very happy helping us)

The value for something like this is usually based on the income it produces.

If the home was surrendered, a discharge order will be issued for the mortgage.If the home was selected to be surrendered, the mortgagee may opt to finish the foreclosure to deal with any additional encumbrances on title or a Deed in Lieu can also be arranged along with a directed sale of the property to produce funds to satisfy the lien.

Its so incredibly frustrating some days."

Its incredibly hard to find 70% deals in my market, out of the last 10 or so, maybe 2 were strict 70% deals, and the rest made us 18-30k each.

The property must already have a tenant and you will need to produce a rental agreement.