- We'd likely use hard money to buy and then refi after guarantee is paid  - If we sell for $900k and the existing loan split between the two units is $390k each, we'd net ~$510k on the upper and take $500k as Section 121 Cap Gains ExclusionTo Finish:— Second, we'd sell the lower unit...to each other (if we can, that is the question)    - We'll set up two Single Member LLCs—one for each of us    - We'd each "offer" our half of the lower unit for sale for $600k ($1.2M list)    - Our new LLCs each offer to buy the other's 50% share of the lower    - We get a $240k bridge loan for a down payment on the lower (or we each make loans to our LLCs from proceeds of the upper sale)    - The LLCs get a $1.2M loan to purchase the lower as 50% partners   - **Before I read here last night that equity was also a factor in relinquished and replacement properties, I thought this (very literal) exchange of our interests in the lower unit would satisfy our obligation to 1031 exchange into a prop with the same or greater value, thereby saving us the trouble of identifying new, good, financially sound props to acquire w/in 45 days—while we are also trying to move a retiring senior and 2 cats to another state. - BUT then I read the value **and equity** have to be the same or better in the replacement property- SO, that means if the lower appraises for $1.2 with $390k in debt, our pre-sale equity is $810k    - We'd be obligated per the 1031 to buy something with at least $1.2M in value and at least      $810k in equity   - We sell for $1.2M, we pay $390k in existing debt, we have $810k      - We use 1031 to pay off $240k down payment loan (if we can?)   

I have offered low offers on literally hundreds of properties, I have purchase every singe one that got accepted.  

@Ryan KeenanI like to look at brrrr more as a concept than the literal meaning. 

The building would be a prime location for a developer to make executive suites for professional offices as it is literally blocks from the court house.

@Kevin Darrell: Really sorry we weren´t able to meet you this time around - literally any other week in the past couple of months would have been fine, but next week is just completely packed.

Not sure if it was Rich dad or another book but the was notion that to be truly passive there needs to be a strong "System" in place so anyone anywhere can literally do the work the way you want it done.Tarl YarberPodcast 178 - There is a great segment in here regarding lead generation.  

If done properly, you can literally never stop (until the lending dries up).

The price difference total between 500 and 1,000 was literally like $40... it was ridiculous.  

I had to basically call several times per day customer service and always asked to escalate to a manager I also had a person on site to talk to the actual field personI have the impression that they finally did it because they were literally tired of listening to meIt should not be this way... they have constantly found excuses for not doing it... 

As they can pay less, supply and demand get affected beyond the norm.These are two important examples of situations that are beyond natural cycles, and would literally kill the economy.