I've personally done this and exchanged out of one property and into 5 SFR in multiple states so, although it's challenging and requires some planning, this can be accomplished -- I think the tax saving might make it worth exploring this alternative.- Finally, regarding your possible need for cash, there are two approaches to consider: 1) taking some 'cash boot' from the transaction and only paying taxes on the actual cash received (referred to as a partial exchange) or 2) doing a fully deferred exchange but refinancing shortly after the exchange is completed to pull out the needed cash without paying any capital gain taxes at all.

I personally encourage all BoA sellers to serioulsy consider an alternative to a short sale like bankruptcy since they encourage promissory notes and will file deficiencies whenever possible.

Alternatively, its a pass through and doesn't show up either place.

If they can offer any alternative to another Joint Venture Agreement that would make them more comfortable and of course is within the bounds of the law.

The word of mouth marketing or referral business you will get by doin this will fuel your buying and selling houses business for many years to come.

Seller financing is a good way to buy houses without going through banks because they're a pain to deal with right now.The other alternative, is to raise money from private lenders - not just the downpayment but the whole thing.

More money is the magic phrase to get them to open up to cash alternatives.

All of these could be fixed by simple repairs much easier than replacing the HWT with a new unit with an entirely new fuel system.

It's just like having an alternate name in which to operate your business.

Along with covering the rage of those ranting that it bails out individual irresponsibility with tax dollars.Said it was in response to the failed $XXX billion plan that has only helped 200K homeowners restructure, and it failed to say how much the bank incentives would offset the principal reduction.More fuel on the fire.