This would allow you to indefinitely defer all of the tax if you sold, and use the tax you would have had to pay, to purchase something nicer in an area with a greater growth potential.   

Because it is raw land, it won't be much money in your situation.My advice is to contact the developer, show him/her this post, and come to an agreement for a redemption.

It’s always good to have an extra bedroom if possible, as it can attract more tenants or allow for house-hacking opportunities.

As stated, I would hire an official loan servicing company.

That is an added layer of complexity.

How do you approach an owner when asking them to sell their property?

I am currently working with an investor that is wanting to put a Pocket Community at the Lake of the Ozarks.

Have an interesting situation, looking for ideas on the best way to solve a problem for a distressed homeowner.

This deal came along and I have an opportunity to cash flow $3k a month When converted to a fourplex and it has a non attached garage that I could turn into an ADU which would add to the cash flow.im just hoping to get out of the hard money loan and lower my payments and rate if possible so my rents can cover mortgage.I have an air bnb rental that I have a very nice chunk of equity in but won’t be able to sell it til spring.

My profile has my YouTube channel and I have an episode that shows you exactly how to create the comp set and look at amenities that matter, what others are paying for cleaning and how other listings look - that way you can see how to best market your property.