I'd have to agree, birddogging gives you a great education into finding quality investments before you start sinking any of your own money into properties you 'think' are good investments.When it comes to the 'gurus', of course they're going to say that they have the best solution... it means more money in their pockets :D

Time and Money seem to be in the lead…Thanks to everyone for all of your comments and your votes… It is nice to see (in a weird kind of way) that I am not the only one struggling with these things… The “cash” that is tied up for extended periods and “time” are the two largest things that I constantly struggle with… Glad to see it is not just me… :lol: Now for a solution?

This is a question that I am often asked and finally solutions are emerging that do not cost a lot of money.

I guess they are working on resolving the tax issue but have not come up with a solution yet.

JonX-2sure there might be someother creative solutions but without knowing all the details its hard to say what is the right solution.

Thank you for pointing out the negative effects of the current system that I failed to mention as I think that it is more important to focus on those negative effects if we are to come up with a solution.

Consult an attorney, but perhaps a better solution (for a licensee) is to form your investment LLC or JV, and take the birddog as a small percentage stakeholder.

Rather than say it is all about what they have access to they claim it does not exist.Then there are the mortgage brokers who know the solution exists but it is such a low probability solution (most LLCs will not qualify) the MB made a decision not to offer such a product.

If you don't have the money to fix it up, can't get the money from other means, and it can't be rented out as is, I see only one good solution.

Second lien holder's are in a vulnerable, an unwillingness to communicate when there is a feasible solution????