Sometimes an aggressive investor will tackle a property that ends up putting him in financial difficulty, as often happens with large projects, developments etc. The investor can often receive relief from wealthy investors seeking tax breaks and long-term capital appreciation. This can be accomplished through a temporary limited partnership, with you as the general partner.

Even properties operating in the red can be appealing to many passive real estate investors. By letting your accountant show the benefits that investors may reap, you will know the benefits you must sell off - at least in part. Unfortunately, real estate limited partnerships are not nearly as attractive an investment after the 1986 Tax Reform Act, but a creatively structured deal can still attract investors because there are far fewer deals now available for interested investors.

Many investors want the tax benefits of real estate but have neither the time nor expertise to find and manage investment properties. To find investors to save your property from foreclosure, you can follow these simple steps:

1. Advertise. Doctors, lawyers, executives, business owners and anyone else with high income levels are good candidates to invite.

2. Form a limited partnership. A limited partnership, or limited liability company, limits the investing partners' liability to the loss of their investment while they fully participate in profits and the tax write-offs.

3. The investors should receive 100 percent of the tax benefits generated by the property. By deducting the entire loss on their tax return, they have a huge tax savings to justify their investment

4. Any negative cash flow should be covered by your passive investors. Upon reselling the property at some point in the future (or refinancing it) all profits should be split equally, or according to each partners contribution.

These are just a few examples of how to avoid foreclosure. "The Simple Man's Guide to Real estate" offers several more.