@Nathaniel Free reach out to Christy De La Torre, Corner Escrow in Laguna Niguel....CA that the seller has to approve and sign an assignment addendum separate to the purchase and sale agreement? 

Originally posted by @Steve Morris:Also, you should ask a CPA since there are tax consequences if you follow the rules :)It is income like a lottery ticket.Doesn't the IRS have a de minimis safe-harbor exemption?

Noone in delaware I know of has ever seen it happen.

@Joshua De Young  The 5% is only an approx on interest rate but it's probably pretty close to what the bank will charge me.

There is a little corner near Motivation High School, right the border with Delco (Delaware County) you’ll see big twins, 250-300 ARV.

@Glenna Wood @Alison ZywickeIn addition to the OZ's, and Delaware Statutory Trusts (DSTs) the other lesser known DST, the Deferred Sales Trust can also provide a vehicle for deferring taxes.

@Riquelmi De La RosaqWelcome to NY and the bittersweet experience of living in one of the hottest real estate markets.I am a realtor based in Bed-stuy and the market right now is so so so hot.$300k in Brooklyn or Queens can maybe get you a cash deal requiring most likely a gut renovation.The market here is extremely bizarre.

New Western doesn’t appear to do business in Delaware.

@Sonia De Sousa New Jersey is a great place to invest. 

Most work like this: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 we charge $2,500 minimum)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 WeeksWe have private lending partners throughout the entire United States that cover the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, TN, TX, UT, VA, WA, WV, WI, WY.