Sometimes 3 and 4 way deals need to be explained, put on paper to understand the mechanics. Once understood, they can work. If he knows of faults with the property, problems with the loan, etc. Nothing is worse than finding out at the last minute that a deal cannot be closed. is able to add cash or property to a deal to balance equity. If he is aware that costs and Realtor fees are a consideration, he has time to resolve these. is able and willing to deliver all deeds, documents and necessary paper- work in a timely fashion.
Procrastination can squelch a deal.
If there is a tax problem, he has already had advice and suggestions in how to handle it. It does not become a last minute problem. He has had prior discussions with his partners and knows what exchange they will consider. He has written approval for decisions and does not have to deal with a disgruntled partner. J oin me next time when I will be discussing How Exchangors Work.