That makes for some very interesting scenarios in places like TX, OH, PN and ND where cold oil rich farmers can trade sell their interests and use the proceeds to buy a snow free condo on Miami Beach.Likewise, mobile homes when driving down the road with a license plate are personal property.  

“Our legislation would not only strengthen disclosure requirements and protections for homebuyers, but also help expose bad actors and facilitate their prosecution.”John Henneberger, co-director of the Texas Low Income Housing Information Service said: “These bills will help consumers be more informed about risky wrap-around mortgages and better protected from unscrupulous lenders.”Trish McAllister, executive director of the Texas Access to Justice Commission, added that the legislation will help families stay in their homes.

If I can use the capital loss carry forward, then I can possibly afford to pay all cash for the replacement property by using the net cash proceeds from the sale and adding another $250K of cash.  

If you want to take out just a $100k loan and finance the other $200k with cash, you can do that, too.What you can't do is use your cash profit for a new property and use the remaining proceeds from the sale to pay off your mortgage - you can't sell a $300k property (with $170k of debt) and exchange it for a $110k property with zero debt.

If they were looking to create some investment income and can afford to buy another home without using the proceeds from the sale of this one, however, a 1031 would be a great tool for down the road if they were looking to trade-up to a more lucrative property or move their portfolio into another market without paying taxes on the sale.It sounds like the tax exempt gain will be the best bet - it's called the Section 121 exclusion if you want to google it. $250k for a single person, $500k for a married couple filing jointly.Best of luck to you and your parents!

We are using a VA loan so occupancy within 60 days is critical.There are some other aspects I didn't roll out that are also weighing on how I plan to proceed.  

Dear forum members,Since Bigger Pockets is a Social Network and we are urged to share our thoughts and ask questions, I need to share with you my predicament, hoping to get an advice on how to proceed since I am not in the RE sector, nor in any investment sector for that matter.Data:€60000 debt with 0.5% interest, so I am not in a hurry to pay this debt.€67000 cash in handReal estate options: Nicosia, Cyprus: Maisonette 65sqm, one bedroom upstairs.

Not totally familiar with construction liens, but they usually get paid or end up in a forced sale.If you're wholesaling the house and your prospective buyer is willing to pay the lien off, then proceed, but I don't think they'd go for it.

Any advice on proceeding w/ a preliminary evaluation prior to seeing would be much appreciated.

File the deed in the Real Property Records of Harris County, Texas.You can now either buy each other out, or you can both agree to sell to another buyer.If you sell to another buyer, either or both of you can use your portion of the Net Sales Proceeds to purchase another investment property and defer taxes on the capital gains and depreciation recapture.I hope this helps.Michael Lantrip