If they want to use the 1031 money, pay the tax on it then use it for whatever they want.I'm with Rehab, better find a good lawyer now.

If you want real legal advice find a PA lawyer quick.

If you buy a place that does not cash flow then the snowball effect really runs in reverse.

A couple questions...How much do I pay for a lawyer to write me one of these contracts?

The big players (lawyers, accountants, etc) are already involved in these sorts of deals.2.

It will be interesting to see what effect, if any, this has on the real estate slowdown. 8)

Hello from a couple hours north, Keith.Have a quick talk with a lawyer about the LLC thing.

Some of my buyers still want to walk through or have their contractor walk through, and some will just do a drive by depending on the circumstances.Bottom line, yes, your buyer needs to know what's wrong with a property, but a professional property inspection is not always a feasible or effective way to achieve that goal.

So in light of the Fed's decision on Tuesday, I am curious to how this effects the average home buyer.

My guess (and my realtor sort of confirmed this) is that the market is whacked out due to the after effects of Hurricane Katrina.