I was on the phone with an owner yesterday who is contemplating selling, but will need to bring at least $150,000 to closing, due to the fact that their property is currently worth somewhat less than what they paid in 2022.  

Condotels are also harder to finance, and therefore will be harder to sell to the next person when you want to do that.  

When we sell, I'll list the property and forgo paying myself any commission. 

.: Subject To and Wraps are very similar and yet, very different.Subject To & Wraps share these characteristics You are taking over payment of the mortgage and transferring the property into your name You become the owner The loan does not get paid off The lender can and sometimes will call the Due on Sale You have to have money or credit to solve a Due on Sale call They are used when someone doesn’t have much equity and doesn’t want to pay a real estate agent They are used when the seller wants to sell fast They are used when the property isn’t really a good candidate for the MLS because of the condition of the property They are used when It’s a unique property and it’s hard to find comps They are used when it’s a distressed situation that needs to be resolved They are used when the monthly payment is below market rate (that means it cash flows) They are used when the seller wants to avoid the hassles of listingSubject To & Wraps Differences In a Subject To, NO new mortgage is created.

If you are planning to flip the house make sure you get a good estimate of what it will sell for when the repairs are done.

Looking to sell and leverage the purchase price for a 1031 exchange towards cash flowing rental properties.

There may be some legal and title complexities that arise if there is an open escrow and they sell the property to someone else after you.Personally, when faced with a similar situation regarding the release of an EMD I made it clear I would not budge, even if it meant the money sat in an escrow account for years... they eventually conceded.   

In fact, if I have enough investors that I am working with for both buying and selling their investment properties, then it is a Win-Win situation. 

I would also consider selling that whole thing, just to be done with it. 

If we move to PR and we sell the property after 2 yrs: 1- is the 2 out of 5 yr rule still apply to me in FL?