Slumlords contribute to the problems of an area.

It sounds like it's the Cooperative Lease Option as opposed to the Sandwich Lease Option route I am leaning more towards.Anyone who can further contribute to the discussion is welcome and appreciated.Cheers,Teddy R

The facility is 410K, the bank will contribute 50%, SBA 40%, and 10% down.

Tell them you want to use your equity as the contribution to the LLC and borrow at 75%.

If that's positive, it contributes to your income and helps your DTI.

So, as long as it's more than one year from the date you purchased, you are okay in terms of time limit.That said, there are other variables that contribute to what type of taxable event this will be -- the IRS cares as much about intent as they do about time limit.

Thanks everyone for contributing.

The idea is to give more weight to recent contributions.

I will second Kama's notion about doing a refi, since you have comps to prove your higher value, then your investment return on this building will be infinity and use the tax free money to pyramid up to another property.

Exited to finally create a username and profile to contribute to the site.