Have you done a 1031 Exchange? Let's talk!

[Brandon Turner]

Hey BP Nation! I'm writing the world's best post on 1031 Exchanges. Maybe I'll put it in my next book. But here's the problem: 

I need you. 

You see, I need some good stories to go with the post. So, if you've done a 1031 exchange, let's talk. 

Let me know in this thread if you've done one, and wanna tell your story in an upcoming blog post. Include any info you want here. 

Thanks!

[Rick H.]

I've completed a number of them.

In one case, I acquired a property in the East Bay, CA town of El Sobrante. Used this property for a portion of the cost to acquire my ranch near San Diego. This was very lucrative and made a deal possible that a few years before would never dreamed possible. Moral: it costs no more to have big dreams than little ones.

In another, I helped a friend acquire a valuable beach parcel in Maui in order to facilitate his acquisition with my 1031 money. He later onside he back, and got to build a magnificent home overlooking the ocean views. I've never visited it (amazing, I know). 

In another, I was a TIC partner with a couple other folks in a 34 unit apt building in Costa Mesa, CA. The seller had inherited the complex and lived in one unit. She discounted the sale price due to her belief that a neighboring tenant was stealing her shoes that were left out near the front door each night. Takes all kinds to steal shoes.

In another case, I helped a friend by exchanging his high-rise building in downtown Long Beach, CA. Also helped him do a number of soeculative land deals. Sadly, he lost all that he gained by ignoring market signal and refusing to improve his real estate knowledge by investing in his education. Some will, some won't...

Also helped other friends acquire and dispose of assets by acting as the accommodator when no conflict was present. Learned a lot. 

One thing I learned was that there is a bit of exposure and I'd rather pay an experienced accommodation like Jack Shea to provide the service.

Another thing I learned was that I have no use for all these women's shoes :-).