I have SS in a few years and figured that I could pull about $600,000 in exchange for the monthly benefit that I don't need.Now I'm sure some would caution that after spending for (ladies) and (substances that enhance well being) that there is the possibility that I could waste some of the money quickly.

@Naj Brock Hey man, If you want to potentially try and figure this thing out together we can inbox each other and exchange info.

They likely sell their promissary note to JG Wentworth in exchange for a lump sum payment.

Here's the deal:Actual Proforma 12 unit asking price 480kOther income 1800Rent Roll 65820Adjusted gross 62529Current Taxes - 12076Insurance - 3149Water - 1455Maitenance/ repairs 4700Electric - 1535Maintenance - 0 (Cheaper rent in exchange for management $150 instead of $575) I have only seen the outside of this property.

Jon,I believe you're on the right track, I know that these notes cannot be traded by anyone other than a securities exchange, stock broker, I was informed today vaquely about them but it's still uclear until I read your post.It's no problem on non and performing notes to deal with them but the MTN's are a whole diferent ball park.

While buying REIT’s are a perfect way to diversify your real estate portfolio they, unfortunately, do not qualify as a suitable replacement property for a 1031 exchange.

But do so in a 1031 exchange, which defers all tax into the next property purchase.

Quote from @Michael Smythe: Don't sell until you identify where you can invest the proceeds for a better return.Interest rates are now highest in 20+ years and will make it more challenging to find better ROI on new purchases.I don't get it, he's got 6 months to find something once he 1031 exchanges.

If they are in the US I would be skeptical as the US and SEC has no jurisdiction.Advicorp Fidelity is a fully licenced and regulated Cyprus Investment Firm (CIF) supervised by the Cyprus Securities and Exchange Commission (CySEC) (License Number 124/10.

I will sometimes exchange a first right for not prosecuting back space rent.