mnmoney;in reading these posts here, i really like your thinking and way of executing this.....but, correct me if i'm wrong. isn't the land trust method a way to do it only when the end buyer is an "all cash" buyer?

You are using one term when technically a payment plan or forbearance agreement might be more correct.

Correct information must remain on the credit bureau report, so if there has been a judgment or bankruptcy, the information MUST remain on the credit file for the requisite number of years.

The correct answer is that a property that only generates yearly gross rents of 10% to 12% of the purchase price is a BIG LOSER.

They might even pull up the listing for the REO and see the sale price on the listing.gordo2417 is correct about how a deal might successfully close.

If your numbers are correct this is a great deal.

Done correctly the old property will cash flow and you can grow the portfolio.

Searches for deals, partners and other similar things are best done in the correct forum and within the guidelines spelled out in each BP forum.Can you tell us more about your prior history and why you focus on commercial RE?

If he hasn't really messed up his credit with the late payments, and the values are correct and are the complete story, he may be able to refinance and get enough money to pay the taxes and legal fees.

While you are likely postponing the inevitable tax, at least you can grow it a little in the meantime.Dustin07 exchanging can turn into a tax exclusion if done correctly with a good estate plan or tax advisor.