Refinance Home Mortgage Rate Resources

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Seeking REO Assistant Real Estate Agent In NJ

Hi Deborah,

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Hey All, Thanks For A Great Place To Learn

Thanks guys, look forward to exchanging info in the near future on the forums. Thanks again for the warm welcome.

combining 1031s

I have a property I plan to exchange.
Can I do a combined reverse exchange and a construction exchange for the same property?

Because of the market here I may not be able to sell my property prior to finding a replacement--I may find the replacement first-hence the reverse exchange.

I prefer to use the money on the replacement house. Is remodeling allowed--replacing carpet with tile, new cupboards, ceiling repair, updating a bath, for instance? Adding ammenities, such as a patio area and outdoor kitchen? So the need for a construction exchange.

Since I don't know what my property will sell for, I plan to purchase one that will be close to what I expect it to, but of course, that's a guestimate, and the purchase price may be lower than the sale price of my propeerty.

Is there anything I need to know, as my present exchange property was purchased via a (standard) Starker Exchange.
I just remembered that my present residence was also purchased via a 1031.
When I sell either, do I need to report that to anyone, or to anyplace?

Sign Lease first?

I was trying to market a lease option property (sandwich lease option) before even signing the original lease with the seller. I thought there would be some potential problems doing this though; for instance, if someone was to google the property, they would find different contact information as well as better terms/price.

Should I sign a lease first and then market the property as if it were my own? (telling the seller to take down all his signs, advertisements, etc.)

What should I say to the Tenant buyer about interests with the property? Should I tell them that I am sub leasing to them or just not mention it at all?

Thanks

Sandwich Lease Option

I know that there is no way to completely protect one's self when doing one of these, but what is the best way to go about protecting one's self leaving room for only the worst case scenario? Any provisions or different contracts to use? I want to know how to get the most protection for myself.

Thanks so much.

REO Software?

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