I purchased my first house at 19 near the height of the market bubble, then proceeded to loose it during the downturn.

The case number stayed the same, the case proceeded under the same original plaintiff, all the databases and the county recorder office continued to show the subject loan as was Lender A and Loan 123.

If the value goes up enough it would be nice to sell and put the proceeds into a bigger apartment complex.

We had intended to hold this property for a long time but after a year, one of the partners said he wants to sell.Questions:Can I and the other partner 1031 exchange our proceeds into another building?

You will pay them off from the proceeds of the sale to your end buyer.

Raymond B. so what happens if they don't pay the rent, and you start eviction proceedings, then they deposit $1 into the bank account.

So normally the back taxes come out of the sellers proceeds.

I have issued him with a section 8 with proceeding threatened to start on 20th.

We said yup looks good, kept the contract, went home an proceeded with the closing.

Hopefully we can provide value back to the site by participating in the forums in the future as we proceed in our journey.