This is essentially the step where the bank formally moves that asset from collatoral to actually owning it. 

Done properly, when you invest in real estate you can shield any income from taxes so the 401K advantages are minimalIf you are successful in growing your 401K's assets, you end up paying more taxes, not lessYou have much greater flexibility if your money is outside the 401K to do whatever you want with the moneyWhen you die your heirs inherit property at a stepped-up basis. 

A fund has to have at minimum 90% of its assets located within a qualified opportunity zone.

Our of state investors such as myself are interested in a long term stable asset from a reputable source versus looking at only cash flow.

@John Vu It can be harder to find cash flowing assets in Denver.

The issue is tying up all the liquid assets and also if others would be interested in joining.

bid 4 assets or something similar.. ??  

@Jay Hinrichs - 😁 hope all is going well for you.Like you I don't do seconds Mike,,  I know the BK judges have ultimate authority.. but did not realize stripping the seconds was common or very common.. what I see on huds were I am doing new originations of distressed assets is the second taking 2k to 5k when they were owed 50 to 100k.. so I know the loss's are real in seconds ergo not for me.. 

By having a tenant in there you have a producing asset that cash flows positive.  

No income, No Job, No Assets.