Just like a reverse exchange but instead of the QI purchasing the new property and holding it until your construction was complete we lease your property from you on a 30 + year lease and improve the property and 1031 by purchasing the leasehold from us.There was a private letter ruling that indicated this was ok a few years ago but recently some new clarifications seem to put it in jeopardy.  

Ours is a new construction so the challenge was in securing a plot zoned for multi.

Crazy that rates have risen so high so quick, makes me think of private investors/sharing deal with all cash

The reason I'm asking is because using that money for a 6-12 month marketing campaign could yield a much better ROI in the long run with more acquisitions by networking for private money lenders in the meantime that could be your gap funders when using a hard money loan (for example)

Hello everyone,

I would appreciate some insight from you all as I have a family member who is in a bind. I have come to learn that this person is in default on their mortgage and the pre foreclosure process has begun...

Security deposits (students).  

I have a auto body shop that is located in a D class residential area, it was own by my grandfather, he is getting up in age and he is passing it to me. he hasn't done body work in years, he just have been renting the place out to some guys he know for like $220 a month. the utility are still in his name also. my whole idea is to come in, change things around, do the proper things, have a actually lease agreement written out for the tenants, with the new rate increase and rules, there wont be anymore of the late rent payments, there will be a late penalty, the utility will be in the tenants names,I plan to put a security system on the property, I'm new to all of this , its my first property I'm open to advice, suggestions, ideas on what I should do.

The easy way to scale it is one or two months as a security deposit.

If it's a good deal, you won't have trouble getting the private money to come.

Current situation Currently have 2 private loans that I am paying back original home owners.1st loan $15,000 left for House 2nd loan $18,000 left for Condo Then have one conventional loan that I owe $10,500 left on it.