Also, You can try wholesaling since your interested in real estate- this is probally the best option IMO since it will help you get your foot in the door of real estate investing with a low cost of entryThese are just a few options I can think of at the top of my hand.

Rushing into a deal without thorough investigation might have severe effects.

You have to run the numbers - at $389K plus costs for the rehab, is it worth it?

You can seize assets and have them sold but again the costs are paid by you and added to what they owe.

You would come up with the difference plus closing costs which of course is much lower then 20% of 400k plus closing costs.  

Different investments appeal to different investors.This forum is a lot like life in that what you put into it has great effect on what you get out of it.

Our website organically ranks quite well on a number of keywords, has a good amount of traffic and these translate very effectively.

Hello,So I am a little curious about 1031 exchanges with respect to "step up in cost basis due to death".

With rent and mortgage costs doubling in recent years, affordability for locals has decreased significantly.

A lot of investors have been drawn to the Midwestern markets due to the low cost of entry and a lot of the markets being landlord friendly as well.