Think about a 1031 exchange.A 1031 Exchange is a transaction under United States law which specifies that if an asset (usually some form of real estate such as land or a building) is sold and the proceeds of the sale are then reinvested in an asset of a similar kind (like kind asset), then no capital gain or loss is recognized, allowing the deferment of capital gains taxes that would otherwise have been due on the first sale.

The IRS collapsed the transaction as a step transaction and recharacterized it as a cash out, taxed it, and the court supported it.

But that really is not the only issue, but moving on....if you're making the payment and the loan is current, it's highly unlikely a lender is going to say move out and give us the property, especially right now.Long story short, notice to the lender is important as it establishes acceptance of the transaction over time.

How do people get into "no money down" transactions.?

I would avoid any transactions that might come under scrutiny at this time.

Also that they would keep working during the hot part of the day and not pick up their feet when they walked, which would reduce a 25 year roof to an effective 5-10 year roof.I've never had so many deals that I would pay people to do things that I might be doing in my "spare" time.

if you don't have the funds to complete the transaction, you could find yourself losing your earnest deposit.that's just a good FYI.

I work for RealtyTrac and provide solutions for distressed homeowners nationwide that need to sell their property quickly for one of the following reasons:Relocation, Juggling multiple mortgages, Behind on payments, Divorce, Military transfer, soon-to-be expired listing, Don't want to deal with repairs needed, Estate sales.Please contact me if you are able to handle 10+ deals per year and have experience and systems in place to handle any of the following situations:Wholesale- Rehab DealsSubject to Contract /DeedRental/lease optionsShort SalesCash offersMy goal is to find a skilled investor who can help the distressed homeowner in a timely manner and has the systems in place to transact quickly.

While it's too late to do it on this tenant's lease, you need to put a statement into your lease to the effect of; "no overnight guests for more than 7 nights without written permission of the landlord".

(As opposed to the transaction broker/customer relationship, which does limit the Realtor to the MLS.)