Putting these assets in the hands of greedy and inept bureaucrats will only cripple and place a boa's stranglehold on moving product to market.

I would be interested to know what banks are offering that loan product.

If you expect to move every two or three years, the transaction costs for owning real estate will kill you.Inflation will be a factor, too.

GSG,Some of my loan products are no doc unsecured LOCs. i would want to speak to you.

The exclusion on primary residence sale means you'll pay no taxes on the transaction.

It's not sold as giving a boost to the economy, but rather preventing a crisis in our economy...

Hi Tami - I mildly disagree with Richard's answer that your transaction might not be worthy of an exchange, but be sure to see the info below, too.

There is no better time to start than now.If you have a product that is better than your compitition and at a better price, people will buy it.Most of my investors are CASH investors and I have had no trouble selling my houses.

As the entity grows, your intent is to market that investment as a product to where investors could receive fixed and secured returns.

Your best bet, if you can find a lender, is to do a straightforward refi and pay your friend off as part of that transaction.