If you are buying to hold you want to insure that their is a market for quality tenants, you want to be sure that rents are going to work out in the long run, and it is important to know there is not a lot of deferred maintenance.

It is very highly suggested that you work out through mediation; alternative being sitting in Court all day.

I would verify that they are a legal operation because it does not sound like they are doing anything to help and may well be doing you harm.This type of arrangement is usually to take your payments, negotiate with your creditors for a settlement amount which is lower than the actual balance, and only pay them when they agree to the settlement.Even then it will hurt your credit and you will be liable for taxes on the difference between the original balance (growing due to late fees etc) and the final settlement amount, the IRS will see it as "income".It is almost always better to stay in civil communication with your creditors and work out a payment plan with them, keeping detailed records of all communications.

In those cases, I will gladly do the right thing and surrender my fee even if it means losing money.However, when things do workout, I want to also maximize my returns as to balance out those where I took a fee reduction.Truth be told, there is not a lot of money in this line of work unless your able to do serious volume.

How did it work out for you Chris?

hi fredrickthanks for the link I am up to page three and very interesting we don't have anything like this in Australia does it matter if the one property in say in new york and the traded property is in ohio does the tax holding go across state boardersmaybe a silly question I am trying to get to grasp with what is held within the boarders and what is across the boarders as we are looking at different states so I have to try to get my head around your rules to oyrs so I can work out what I have to swat up on.and also the best path to invest when we are looking at saterlite investing or holding and defering tax does helpare there restrictions in the form of entity that can buy hold and differ the tax.forget the primary house, flip etc as we are buy finished and hold inc comm.what are the types of entity that can't use this 1031 ruleby teh time I read your 12 pages I will understand it but need to see if its something I need to add to the structure on setup.if this all make sence if not email me

The whole loan modification and workout process is for those who want to stay in their homes.

Hi MoeskiiHad did that approach work out for you?

Even if this deal doesn't work out, I still have a problem because it sounds like I can't get a deal financed not matter what unless it was around $20,000 or less.

., but, were not routinely available.