A self amortizing loan would would provide an easy solution.

I understand what you mean Mike, I was referring more to kitchen cabinets and sinks and islands, bathroom items (shelfs, furniture to store towels in etc,) and various ingenious items that make everyday living and organizing easier argggg this is hard to explain I need a drink :beer: lol

The use of the word partner here refers to either a one time partnership on a house or a limited partnership of some sort.I would not share my business plan to someone like that without knowing them or what their interests are.

Steve is referring to a drop and swap where the LLC (partnership) is converted into a tenant-in-common structure by deeding (dropping) the real estate out of the LLC (partnership) and into the individual's names, holding for at least 12 months to be safe, and the completing a 1031 exchange (swapping).

But, I've not managed to actually find anyone who would do it this way.The LLC I'm referring to here is not the one that made the loan.

So I will probably buy it as well.In my mind the books are excellent reference material as well, so they pay for themselves again and again....

TonyS and ********** - thank you for the great references and guidance.

(yes, i said it, butt naked) This will give you a good reference point.

These people are facing their problems and finding the best solution, but I know of a mountain of people in similar situations who have apparently frozen.

However, Section 203(k) offers a solution that helps both borrowers and lenders, insuring a single, long - term, fixed - or adjustable - rate loan that covers both the acquisition and rehabilitation of a property.