Millionaire Entrepreneur Forum - View Single Post - I Need Help!! Creative Thinkers and Problem Solvers

andviv · Apr 15th, 2008, 12:10 PM

Option 3
Put your exchangor to work... ask him/her to find you somebody that wants to trade up their two rentals for a nicer home just like yours. Once you do that then you trade these two with the SS owners and each gets a house and a note.

Option 4
Give them 690 cash and a note secured by the SFR (actually two notes, one for each, no payments for one year, interest only for the second and third one, maturity at 3 years).
Put the house for sale (no rush here as it is breaking even).

That way you get a whole year to sell the SFR.

Apr 15th, 2008, 12:10 PM	#6 (permalink)
andviv Level: Moderator Joined: Jul 2007 Locale: Northern Virginia Posts: 2,603 Thanks: 83 Thanked 157 Times in 114 Posts	Re: I Need Help!! Creative Thinkers and Problem Solvers Option 3 Put your exchangor to work... ask him/her to find you somebody that wants to trade up their two rentals for a nicer home just like yours. Once you do that then you trade these two with the SS owners and each gets a house and a note. Option 4 Give them 690 cash and a note secured by the SFR (actually two notes, one for each, no payments for one year, interest only for the second and third one, maturity at 3 years). Put the house for sale (no rush here as it is breaking even). That way you get a whole year to sell the SFR.