I find it intriguing for a couple of reasons and wanted some input on how you would go about evaluating a deal like this.It's essentially 5 duplexes at $776,000.

In our experience, the commercial lending practices of the Big-5 (Schedule 1) banks have had no appetite for deals under $1M.While the point about commercial lending being based upon the business and not the individual, may be attractive for small properties (and essential for larger ones), commercial lending is more expensive (originating (legal, administrative) costs, lending rates (unless CHMC insured)), than residential.  

To cash flow at all and be able to essentially live paying your own rent into your business is a sweet deal.

So you'd pay tax on that difference and that means essentially no savings from doing the 1031.If you want to cash out some fun money the answer is to do a complete 1031. 

Originally posted by :...infernal rate of return (IRR)...When the economy turns and an investment goes diabolically wrong, you have an infernal rate of return.This thread strikes me as essentially "people in different markets with different goals, different financial circumstances, and different experience levels use different strategies than me... therefore they must be wrong!"

Lender will payoff $180k balance on existing mortgage amd you get $60k in hand essentially.  

the 3 days is essentially a sales pitch with weaved information about how to use a tax lien as an acquisition strategy for fix and flip, etc. 

That being said, I’m changing regions and opening a branch in Orlando, FL where I’ll be essentially building a new book while expanding the company.

Financed at 80% the other 20% ($140K) came from HELOC's on past deals essentially putting us in at no money down.

Financed at 80% the other 20% ($140K) came from HELOC's on past deals essentially putting us in at no money down.