Purchase price: $125,000 Cash invested: $2,000 Sale price: $170,000 Quick catch and release of a property with great potential!

I tried to proceed per usual by using an assignment contract to "sell" them the Purchase and Sale Agreement, but I quickly learned that the 1031 exchange agent needed a Purchase and Sale that says $450,000 as the purchase price in order to release funds - the assignment contract didn't fulfill this as the assignment is stated as an additional "fee".

They had me sign a release form the very next day after I paid the retainer, so the brokerage could release the funds to the agents.

That's where I would start.That 2nd likely matures in 2035 and won't expire for a period of years after that and if that's the case it's a lien that needs to be paid and released in connection with a sale or refinance.

Not sure if this loan had been paid yet but there is no mortgage release on the recorder's office.

I sent money aside in escrow which was released once those items were taken care of.

However, if the transferee wishes to assume the Mortgage and/or the transferor requests to be released of liability, the Servicer must determine the creditworthiness of the transferee.

LTVs will range anywhere from 75-90% of purchase + 100% of rehab, held back to be released as the work is completed.

The way I see it, both have access to the same technology and with more advanced technology being released it can help optimize any business.

Handfuls of Elitists will suffer, YES, 100%, and I will throw a party to celebrate.