Life Goals--Own 15-20 doors by 2021-Become a success story within the BP family-Quit our JOBS by 2022 (w/passive income from investment properties and our real estate business) Financial snapshot for our purchase--$91k (1031 Exchange money)-134k (Cash and LOC)-Total=$225k to investWe are on a tight timeline with the 1031 money, so would appreciate advice on our overall strategy Strategy-As a seasoned investor, if you were in my shoes and with our goals in mind- what would your strategy be?

Life Goals--Own 15-20 doors by 2021-Become a success story within the BP family-Quit our JOBS by 2022 (w/passive income from investment properties and our real estate business) Financial snapshot for our purchase--$91k (1031 Exchange money)-134k (Cash and LOC)-Total=$225k to investWe are on a tight timeline with the 1031 money, so would appreciate advice on our overall strategy Strategy-As a seasoned investor, if you were in my shoes and with our goals in mind- what would your strategy be?

Put yourself in their shoes, if you were in pre-foreclosure, what kind of letter would you want to see?

If I were in your shoes I would strongly consider selling it.If it is really not an option for you to sell, then your second best option in my opinion is to wait for one of the leases to expire, get an FHA loan, and move into the unit.

That entails both money and time, and she may not have had the opportunity to expend either within 5 days of the divorce.Were I in your shoes, I'd engage an attorney to draft the quit claim deed, inform the ex to contact the attorney's office and arrange a time for her to go sign, and that would be that. 

What would you do if you were in my shoes?

Walk a mile in their shoes.....This business does 2 things after a long period of time. 

Do you know anyone that has been in our shoes that we could possibly speak to?

I have been in your shoes no fun. 

But if I were in your shoes I’d weigh a few different options.  1) you could refinance your existing property and pull out a bunch of cash and use that to pay for additional down payments. 2) 1031 exchange into a larger 5 plus unit. 3).