I have had a few where we went back and forth on email, met up for lunch, REIA meetings, exchanging ideas because we're both new, etc.I hope to connect with and make many more friends (colleagues) on BP!

Every meeting, networking event, you go to exchange cards.

I have SS in a few years and figured that I could pull about $600,000 in exchange for the monthly benefit that I don't need.Now I'm sure some would caution that after spending for (ladies) and (substances that enhance well being) that there is the possibility that I could waste some of the money quickly.

@Naj Brock Hey man, If you want to potentially try and figure this thing out together we can inbox each other and exchange info.

They likely sell their promissary note to JG Wentworth in exchange for a lump sum payment.

Here's the deal:Actual Proforma 12 unit asking price 480kOther income 1800Rent Roll 65820Adjusted gross 62529Current Taxes - 12076Insurance - 3149Water - 1455Maitenance/ repairs 4700Electric - 1535Maintenance - 0 (Cheaper rent in exchange for management $150 instead of $575) I have only seen the outside of this property.

Jon,I believe you're on the right track, I know that these notes cannot be traded by anyone other than a securities exchange, stock broker, I was informed today vaquely about them but it's still uclear until I read your post.It's no problem on non and performing notes to deal with them but the MTN's are a whole diferent ball park.

Key is to keep track of estimated numbers versus known costs, and try to get them more precise before closing your first deal.For my first property, I bought one that just needed cleaning and painting.

While buying REIT’s are a perfect way to diversify your real estate portfolio they, unfortunately, do not qualify as a suitable replacement property for a 1031 exchange.

But do so in a 1031 exchange, which defers all tax into the next property purchase.