In order to do a 1031 you will need to buy the property in the same TAX ID and name as the sold property so if it’s in your social you’ll have to buy in your social or you can transfer them via quit claim into your LLC then hold for a year or so to season them and sell from a LLC and buy your upleg replacement property within the LLc as well.Was this question a 1031 issue or lending issue ?

Cash to close will be $55,000 plus pre-paids and transfer taxes for a total of about $60-$65,000. 

I'm originally from Houston, I moved to Lubbock roughly 7 years ago to transfer to Texas Tech.

I've learned a crazy amount of information in the last two weeks alone.My life is starting to return back to normal after the job transfer and some other personal things going on.

If I cover them with electrical tape, should that solve the problem, or should I cut the wire off before the breaks?

i have read carlton sheets no down payment, ron legrand fast cash, robert kiyosaki rich dad poor dad (and listened to tapes), and the millionaire next door.

That doesn't seem to be a bad deal, other than the red tape they require.

You might try to donate it for a tax write-off, or title transfer services like Timeshare Relief -- none of these options may net a tidy profit but you'll free yourself of the cost of having the property.

Banks are not selling homes at 55% off of BPO unless a buyer buys tapes or portfolios from the banks (then we're talking large real estate deals with NDNCs and attorneys to match).

They (those banks) are notorious for lending an Alt A platform (UW)You need to have access to the banks not some yahoo that is passing around IMB, Homecomings type product that says he's direct to the mandate "of a bank" of all placesI got an IndyMac tape last week and was surprised I didn't see it direct so I asked my guy there and he was miffed as wellTurns out the tape was so old NOBODY remembered itMost of it sold last fall,I really have no idea why people shovel product to the masses, short their desire to get to a "real" buyerMy question though is what type of relationship will you have created when the actual entity wanting to purchase the package learns it is not real or won't trade at the levels offered (30's and 40's)Peace :beer: