Less than a week later, despite record-high interest rates, they received an all-cash $1.825M offer from a 1031 buyer and immediately accepted.

They have a large network of high net worth individuals and accredited investors who are interested in investing in multifamily real estate.

Highly unlikely anyone would be able to buy that particular note, and if they could, it wouldn’t necessarily be at a discount.

Yeah there's money to be made, but at what risk, and o yeah drunk people at the beach pose a high risk.

I am planning to move this summer and really want to put my house up as an MTR given the high demand in Wilmington, NC!

Here's my situation:Debts$127K loan @ 16.99% for an investment property rehab - $1963/months fixed$50K Heloc against primary obtained when rates were low and has since adjusted to market (high) rate $36K (three business credit cards at diff rates, lowest at 22% apr)IncomeMortgage 1 income after expenses (primary carrying the heloc -) - $600/monthMortgage 2 income (also primary) - $ 162/month ( not enough equity in this to sell right away ($70k) but area is growing like crazy)Mortgage 3 income (investment) - $720/monthMortgage 4 income (this is the property the127k loan was taken against) - $856/month - This is the one i am considering selling.

That would piss any person off even in the high income realm.

You just can't beat that debt, especially in an area that is appreciating and in high demand. 

Your monthly HELOC payment is way, way, way too high.

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