These transactions are sometimes referred to as "parking arrangements" and may also be structured in ways which are outside the safe harbor.Proper Purpose - Both the relinquished property and replacement property must be held for productive use in a trade or business or for investment.

I even use Skype and TeamViewer to communicate with clients so I'd highly recommend looking for one of the best with great references that interviews well with you.

I worked with him on solutions to the problem and he agreed foreclosure was the best way to go.

@Jerry K. and @Duncan Taylor I've purchased shares of a few agency REITs (annaly, Agency Capital), and even a physical triple net REIT (Realty Income), and have done pretty well.. are these the type of REIT's you are referring to?

I'm a contractor, so I have a general sense of the costs for a rehab, but will be extremely vigilant when moving through the improvements.For point of reference, I've got a contract on the house for $23k and estimate $25k in rehab expenses with an ARV of approximately $82k (according to my Realtor).I have three goals: 1) Make some money for my investor so they will invest with me in the future, 2) learn from this project and 3) make a little money for myself.I'm willing to sacrifice my own cash to make sure I can do more of these with my investor in the future.Thanks again for the post.

It you have had them for a while, then the 1031 Exchange might be the right solution.

I have be referred to The Real Alliance.

He would be referring to buy and holds.

If you are currently working with some great people and would like to refer them, that would be such a great help for us!

I even use Skype and TeamViewer to communicate with clients so I'd highly recommend looking for one of the best with great references that interviews well with you.