It is just simply too expensive and will suck a large part of the profit out of every deal (especially rentals).

fizzlemahoe,If I were doing this deal, I would simply get the property under contract and list the buyer as "fizzlemahoe and/or assigns".

Then, when you're all done with those expenses, uncle sam will want his cut (and a big cut it will be)

And this money is not taxable, and you can also later do a 1031 tax deferred exchange and eliminate your capital gains on that specific property.Also, this effect is compounded if you want to take you new equity and cash out refinance and use that as a down payment on a new property, and simply keep that cycle going.

It should be fairly easy, cut and dry.....the lien holders will take your price or not.

My answer is that I don't need cash at closing because I am not the one closing on the deal...I'm simply assigning my contract, and my assignee puts up the cash at closing...hope you understand.Thanks again for your reply

So, I'm not sure that there is any benefit to plugging numbers into a calculator when you could simply use the formula above.

Also I had old linoleum down as well and the installer just cut off the loose corners and layed the carpet on top.

We have been exploring the idea of investing in our own property or properties in that area and simply renting out the time we would not be there.From what I’ve read on this forum, there is ton of knowledge out there we could make use of in completing this endeavor.If anyone would like to offer his or her wisdom or thoughts on this idea, we would certainly be appreciative.

But so could amortizing loans depending on the rate of depreciation.Interest-only financing is simply a cash-flow alternative.