However, you may be able to sell your % to the other investors as one sale and go forward with a 1031... if the corporate structure can handle it appropriately, if you can say/demonstrate that your intent when you went into the deal was to hold the property for productive use and now that the groups direction has changed you are selling your portion to purchase other property to be held for investment.And if the improvements to the property would not cross the threshhold of "creating inventory" and could be classified as ensuring best and highest use.  

This has allowed us to pursue other projects, joint venture with more veteran investors, and pay off 100% of our student debts, All in all, our company Mainstay Property Group has transacted 50+ deals and acquired 10 units for our personal portfolio in our first fully operation year as a real estate investment firm.

Hard money lenders (bridge loans) often like to cross collateralize using the borrowers other assets.  

Felicia,Normally I'd be happy to meet up, but I'm on a cross-country road trip until late July or early August.

I believe I know the house and that's right on the border of Weehawken and Union City, so I think those rents are pretty good--may depend a little bit on the condition of the units (those rents would be high for Union City, but your proximity to Palisade Ave helps a lot, and also the Weehawken address).

three words - "Arms-Length-Transaction".

My plan is to offer to buy the property for the amount of tax owed on the property ($2200).My question has to do with the correct way of handling this transaction when it comes to deeds.

We don’t charge hidden fees, junk fees or transactions fees either."

Also, share the balance transfer fees involved in your credit card transactions if applicable as those count against your profit in the end.

I am like interested in either a cash transaction for about 140k.